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Theresa May has suggested that the UK could continue to pay its way into the EU budget once Brexit has been officially completed, as long as she feels that the country is getting ‘value for money’. It was not overly clear whether these payments would cover access to the single market, or whether this was just paying for services whilst the UK remains in the European Union.
Increase in the UK house prices
House prices in the UK have increased on average just shy of £20,000 in 2016, as market increased by 7.35%. In the south of England, Norfolk & Surrey saw the biggest gains, with 16.2% and 14.7% respectfully. However, in Scotland, Aberdeen has seen a fall of 2.82% in house prices, which was blamed on the oil industry flaking. With Brexit still looming in the background, some investors have pointed to a number of areas being hit with a potential house price fall in 2017.
Yellen insists on the importance of education
Janet Yellen took to the stage yesterday, speaking with local graduates. After touching on the jobs market being at its strongest for almost 10 years, she was keen to stress a good education was key when searching for career opportunities.
With the US pushing forward, she was stern in her words, suggesting employees will be looking for higher skilled workers and lower skilled jobs will be, or have already been, replaced by automation. As technology will continue to advance, she wanted to stress the importance of staying in education and obtaining advanced degrees to strengthen the more advanced personnel within the US.
Fall of the Japanese yen against the US dollar
The Japanese yen fell against the US dollar this morning, after the Bank of Japan kept its monetary policy settings as per expectations. The Central Bank left its short-term interest rate target at -0.1%, and its ten-year Japanese Government Bond yield target steady at 0%. The annual rise in its holdings of Japanese Government Bonds were frozen at 80 trillion yen ($676.9 billion).
