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Property Bounceback Grant

Five Trade Associations have this morning issued a call for the Government to introduce the Property Bounceback Grant. Whilst costing an estimated £1.75 bln up front, it could save 375,000 jobs and generate tax revenues of up to £7 bln from the economic trickle down activity. The underlying suggestion is

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Negative Rates put in the Bank of England toolbox

Whilst the Bank of England base rate is currently a paltry 0.1%, at least it’s a positive number. Today for the first time the Bank of England Governor Andrew Bailey, admitted that they have put “negative interest rates in its toolbox”, where they are under “active review”. He quickly followed

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Turnover based Leases

The modern British Commercial Property Lease was created in the post-war economic boom of the 50’s by the Church of England. It included an upwardly only rent review clause, which at the time was not a big issue, as leases and reviews were written for terms of 50 plus years.