A no-deal Brexit on 31 October would reduce the value of people's homes in the UK by a combined £240bn in six months, a poll of housing experts suggests.
Around 85 per cent of those surveyed by Reuters said house prices will fall after a disorderly exit from the EU, despite mortgage interest rates already close to record lows.
The news comes as an ally of Angela Merkel.told Boris Johnson that his latest Brexit demands were "completely impossible".
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Investment in the UK tech sector has continued to surge, as British firms secured more foreign funding in the first seven months of 2019 than during the whole of 2018, according to new research.
Fast-growing UK tech companies secured a "staggering" $6.7bn (£5.5bn) in investment in the period to July, according to new research by Tech Nation and Dealroom.
The research for the Department of Digital, Culture, Media and Sport's digital economy council revealed that the UK has overtaken the US for the amount of investment per capita.
Funding growth was driven by US and Asian investment in unicorns such as a renewable energy company Ovo Energy and takeaway business Deliveroo.
Press Association
Trump admits trade war may hurt Americans and says he is considering new tax cuts
Building more homes won’t solve UK housing crisis, new report argues
"The Prime Minister has been clear that transport infrastructure has the potential to drive economic growth, redistribute opportunity and support towns and cities across the UK, but that investments must be subject to continuous assessment of their costs and benefits.
"That's why we are undertaking this independent and rigorous review of HS2.
"Douglas Oakervee and his expert panel will consider all the evidence available, and provide the department with clear advice on the future of the project."
Alibaba has reportedly postponed its $15bn (£12.3bn) stock market listing in Hong Kong in the midst of pro-democracy protests.
Reuters cited a source with knowledge of the matter as saying that Alibaba could launch its initial public offering as in October if tensions between protestors and Chinese police had eased and the market outlook had improved.
A further source is said to have revealed that the e-commerce company’s board took the decision to delay the deal, which had been pencilled in for August, at a board meeting last week.
Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports
“With the Conservatives only interested in forcing through a No Deal Brexit, nine years of economic mismanagement have left our public services in a terrible state ahead of the Spending Review," he said.
“Instead of borrowing yet more money to fund their failed programme of tax cuts, the priority has to be reversing the damage done to schools and social care, and stopping the rollout of Universal Credit which is causing so much hardship."
"I think ICAMAP is simply trying to 'steal' this company from under the noses of other investors," he said.
A planned strike by Ryanair’s Irish pilots will not go ahead this week after a ruling from the Dublin High Court was issued this morning.
The Irish court said it would grant Europe’s biggest airline an injunction to prevent a 48-hour stoppage beginning on 22 August.
Full story from Deputy travel editor Helen Coffey:
By adding Huawei to the entity list, the US wanted to kill off Huawei. But we are not dead; in fact, we are doing even better than before. ... The entity list has not affected us as much as it has affected our US partners.They used to supply us with billions of dollars' worth of components and were suddenly not allowed to do so. Their short-term financial results will surely be significantly impacted and their losses will be felt. After all, stock prices matter a lot to Wall Street.
Those born in the 1960s were the last generation in Britain to experience a broad rise in living standards, the first official data on the subject has revealed.
Government statisticians analysed the incomes of people born between 1920s and 1990s.
They found that up until those born in the 1970s, each generation tended to be better-off than people born a decade earlier were at the same age.
“Stagnating income for more recent generations compared with their older counterparts is likely to be influenced by several factors. For instance, over recent years, wages and salaries have fared worse than their historical trends,” the Office for National Statistics (ONS) says.
