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Home owners will no longer have to pay for a Home Information Pack (HIP) when selling their property after the new coalition government today scrapped the controversial red tape packs. Housing experts welcomed the decision, saying it would help home owners and the housing market. Home Information Packs were introduced by the labour govt to “speed up” [...] Homeowners who swap the ownership of their home for a tenancy under a sale and rent back agreement should be guaranteed tenancies for a minimum of at least five years. Wall Street ticked higher in early trades as the latest report on jobless claims turned out to be better than expected and retail sales improved. The Dow Jones was up 62.13 points at 8,801.15 at midday in New York, the S&P; 500 was up 8.57 at 947.72, and the Nasdaq was up 11.48 at 1,864.56. A Labor [...] The economy has received another shot in the arm with figures showing that the pace of house price falls slowed in May while home sales picked up. However, retail sales figures have put in question whether April’s jump in consumer demand would be sustained. About 6 per cent of estate agents across the UK said that property [...] Yesterday the euro managed to halt its losing streak against the US dollar as the German finance minister stated that Germany would act if other countries in the euro zone required assistance, this helped to stall the euro decline and allay some of the fears of a potential banking crisis in Eastern Europe. Data [...] Another day and more record lows for GBP/euro are currently at all time lows. This cross is trading in uncharted territory and is struggling to find support with many expecting to see parity before the year is out. However, UK retail sales just out at better than expected levels (0.3% versus -0.6%) should lend support [...] Retail sales in the UK are expected to have risen for a fourth consecutive month as figures are released this morning. The survey is expected to show that shoppers took advantage of after-Christmas discounts in January. Sales in stores and supermarkets are forecast to have climbed 0.2 percent from December. Shoppers have helped power the [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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