Saturday, May 18

Day: July 19, 2019

Khan demands new powers to enforce rent controls
Featured, United Kingdom

Khan demands new powers to enforce rent controls

    Sadiq Khan will demand an overhaul of tenancy laws in a campaign for London rent controls that is set to be the cornerstone of his 2020 re-election campaign. The London mayor has said he intends to introduce a London private rent commission, with a board that would include current renters, to enforce measures to reduce rents and keep them at lower levels, but he currently lacks the legal power to do so. Khan’s demand is unlikely to be viewed sympathetically by the Conservative government, but the mayor will launch a report at City Hall on Friday setting out the new powers he would require and a blueprint for the overhaul of the rental sector. The report says the mayor is seeking devolved powers in order to: Establish a universal register of landlords to acce...
Europe heading for another lost decade
Europe, Featured

Europe heading for another lost decade

    Europe is facing another decade of economic stagnation with low inflation, low interest rates and low growth becoming the new normal unless it takes drastic action soon to kickstart growth. That is the view of CNN Business’s Julia Horowitz who warns that “ten years after the global financial crisis, Europe's economy has achieved a recovery, but not a revival”. Citing eurozone inflation below the 2% target set by the European Central Bank (ECB); historic low interest rates; and stubbornly high levels of unemployment in some regions, she says “the conditions in Europe have drawn comparisons to Japan's lost decade, a period of slow growth and weak inflation in the 1990s from which the country has never convincingly emerged”. “With the eurozone economy stuck in a low g...