Follow the real estate jun, let's take a look at what the UK has today's blockbuster news:
The study notes that the autumn budget will bring the UK's current tax burden to its highest level since the 1950s, with an additional £3,000 in taxes expected per household by 2026 and wealthier households being more affected, but Treasurer Sunak has promised to cut taxes before the next election...
The number of new crown infections in the UK has fallen for 4 consecutive days, and the rate of vaccination is also accelerating, and British government officials say that the probability of launching the "Plan B" of epidemic prevention this winter is less than 20%...
As the risk of COVID-19 from abroad continues to decline, the UK government plans to completely abolish the "Red List" of international travel and remove restrictions such as centralized hotel quarantines...
Saudi petrochemical conglomerate Sabic has agreed to invest almost £1 billion in the UK chemical industry, which will resume operations at the Teesside plant and support 1,000 jobs...
Due to the "fishing rights" issue after Brexit, britain and France once again "disputed", one british trawler was seized by France, and the other was fined...
The UK Office for Budget Responsibility forecasts that UK house prices will rise by 8.6% in 2021 and 13% over the next 5 years...
【Autumn budget may increase taxes】
On Wednesday, the Uk government unveiled its latest autumn budget, announcing it would spend another £150 billion on housing, education, healthcare and more in the UK.
However, according to media reports, the autumn budget will bring britain's current tax burden to its highest level since the 1950s. The average Briton is expected to pay £3,000 more in taxes by 2026 than they would have paid during Boris's tenure.
On Wednesday, after analysing Sunak's autumn budget, resolution foundation found that by 2026, the share of taxes in the economy would soar to its highest level since 1950 (36.2 per cent), equivalent to an increase of about £3,000 per household since Boris became prime minister.
The Resolution Foundation's analysis also shows that rising inflation will also lead to stagnant household incomes. According to statistics, between May 2008 and May 2024, the average wage in the UK is expected to increase by only 2.4%, compared with a 36% increase in real wages between May 1992 and May 2008.
In response, Torsten Bell, the owner of the Resolution Foundation, said that although fiscal spending such as the National Health Service is increasing, the growth of household income seems to be "weak".
Forecasts show that by 2026, the income of the poorest quintile will increase by 2.8 percent through policies such as lower Universal Credit interest rates, lower alcohol and fuel taxes, and tax reform.
But the incomes of middle-income households will fall by 2 percent, and those of the richest fifths will fall by 3.1 percent.
It's worth noting, though, that after the budget was announced, Sunak has made a commitment that he will cut taxes before the next election.
Speaking at the BBC's morning meeting, Sunak said economic pressures "will stay with us for some time" but that the government's plans were working and "we can face the future with more confidence".
Sunak also added that wages would continue to rise, that he would "cut taxes for millions of the lowest earners" and focus on inflation.
【The number of new crown infections in the UK has dropped for 4 consecutive days】
At present, the number of new crown infections in the UK has declined for 4 consecutive days.
Official figures showed that on Wednesday, there were 43,941 new confirmed cases in the UK, down 10.6% from last week.
Looking at the overall trend, the number of infections has been decreasing since last Sunday after reaching a three-month high last week.
However, there is still no clear downward trend in the number of hospitalizations and deaths.
On Wednesday, the new death toll in the UK came at 207, up 15.6% in one week.
The latest record (October 23) number of hospitalizations was 894, an increase of 2.9% in one week.
The British government will meet on Thursday to consider removing the last seven remaining countries from the "Red List," media said.
In addition, from the data of all age groups, at present, the number of infections among children aged 5 to 19 has peaked about a week before the school holiday, and has been declining since then.
In response, Professor John Edmunds, an epidemiologist at SAGE, the UK government's scientific advisory committee, said the surge in infections over the past few months had been caused by a "large number of cases" among young people.
Professor Edmunds also believes that the surge in infections "will eventually lead to improved immunity in children", which will allow cases to level off and then decline. And the UK may be achieving that now.
In addition, the current vaccination rate in the UK is also accelerating, with a total of almost 49.8 million first doses of the vaccine administered in the UK as of yesterday, an increase of 41,083 doses from the previous day. At the same time, more than 45.6 million second doses of the vaccine were also administered, an increase of 23,031 doses in one day.
A total of 6.7 million third doses of enhancers were also provided, an increase of 264,468 doses per day.
The seven countries are: Colombia, Dominican Republic, Ecuador, Haiti, Panama, Peru and Venezuela.
According to media reports, as the risk of COVID-19 from abroad continues to decline, the British government plans to completely eliminate restrictions such as the "Red List" for international travel and the centralized quarantine of hotels.
The move is said to have been supported by the UK Ministry of Health, and the abolition of the Red List would also mean that the UK's hotel quarantine measures would also end, as the measures are currently only available to travellers from countries on the Red List.
【Saudi capital invests in British chemical plant】
The lifting of restrictions on the remaining countries is due to NHS data showing that Britons are at lower risk of contracting COVID-19 after travelling to countries on the "Red List" than they are in the UK.
According to statistics, in the middle of this month, the proportion of quarantined people from red list countries who tested positive has dropped to 0.77%, and less than 1 in every 120 people has been diagnosed. In contrast, the proportion of people testing positive in the UK is 1.14%.
According to media reports, Saudi petrochemical group Sabic has agreed to invest nearly £1 billion in the UK and restore a British chemical plant that was closed a year ago.
The plant, located in Teeesside, north-east England, is expected to resume operations by the end of 2022.
Lord Gerry Grimstone, Britain's investment secretary, said the investment in the plant would sustain 1,000 jobs and would support the chemical industry cluster across Teesside.
For this investment, British Prime Minister Boris expressed great welcome and posted on social media: This is a huge confidence in the British chemical industry, which is in a leading position in clean and green technology innovation.
Sabic is one of the world's largest petrochemical companies and is majority-owned by Saudi state-owned oil company Saudi Aramco.
Sabic said the injection is part of its initial plan to reduce its carbon footprint by as much as 60 percent. The investment will include strengthening the operation of the Teesside plant and making it "one of the least carbon-emitting crackers in the world."
The deal comes as British Prime Minister Boris has been seeking to strengthen trade ties with oil-rich Gulf states.
In September, the UK had reached an agreement with the UAE to commit to investing £10 billion in clean energy, technology and infrastructure over five years.
Also last month, premier league approved a consortium led by Saudi Sovereign Wealth Fund to buy Newcastle United for £305 million.
Britain will also begin preliminary negotiations on a trade deal with the Gulf Cooperation Council this month and will begin formal talks next year. The Gulf Cooperation Council is composed of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman.
The data shows that the UK's bilateral trade with the GCC is more than £30 billion, and the Gulf states are britain's fourth-largest trading partner outside the EU, after the US, China and Switzerland. With an economy of $700 billion, Saudi Arabia is the largest economy in the Gulf region with a population of 33 million and is one of the largest consumer markets in the European Union.
[Britain and France renewed "dispute"】
According to media reports, due to the issue of "fishing rights" after Brexit, Britain and France have re-emerged "disputes", and one trawler in the United Kingdom has been seized by France, and another has been fined.
Just last month, France threatened to cut off Jersey's electricity supply in retaliation after Britain and British Jersey refused to issue fishing licenses to dozens of French vessels.
Girardin also said fish caught by British boats could be confiscated until the deposit was paid. Captains are also likely to be subject to criminal sanctions. Meanwhile, another vessel was fined for initially refusing to be inspected.
In fact, this is not the first time that the two sides have quarreled over the issue of "fishing rights".
And just on Wednesday, France released a list of sanctions that could take effect from Nov. 2, saying it was embarking on a second round of sanctions unless enough progress was made in the fishing dispute with Britain, which could affect Jersey's electricity supply.
France's Maritime and European Affairs ministry said in a joint statement that France could step up border and health checks for cargo from Britain, deny its fishing boats access to designated ports, and step up inspections of trucks traveling between the two countries.
In response to France's threat, the British side said that France's intention to prevent British ships from entering its ports appeared to be in violation of international law, and the British government vowed retaliation if France continued to act.
A UK government spokesman said the "disappointing and disproportionate' threat is not what we expect from our close allies and partners". The measures "appear to be inconsistent with the "Brexit agreement between the UK and the EU" and broader international law, and if these measures are implemented, France will receive an appropriate and targeted response. ”
【UK house prices rise 13% in 5 years】
In yesterday's autumn budget, the UK's Office for Budget Responsibility (OBR) said house prices would rise by 13% over the next 5 years after a bumper harvest in 2021.
It is predicted that real estate prices will rise by 8.6% this year, significantly faster than previously expected, while house prices are expected to rise every year until 2026.
In March, OBR predicted that house prices in the UK would fall in 2022 and then resume growth in 2023.
But the agency currently believes the outlook is too pessimistic after property prices soared during the coronavirus crisis.
As real estate continues to explode, OBR has updated its forecast for March and believes house prices will rise by another 3.2% in 2022.
In addition to the OBR forecast, many institutions also believe that house prices will continue to grow next year.
Zoopla believes house prices in the UK will grow by another 3% in 2022.
Savills believes that house prices will grow by 3.5% in 2022, compared with 21.5% in 5 years.
Uk house prices have risen to a high level, with official figures from the Office for National Statistics (ONS) showing that UK house prices have risen by £25,000 a year from August 2020 to the present, with an average of £264,000 in August. It also means that house prices have risen by more than one-tenth this year, the largest increase on record.
That's what we have today's daily newspaper, stay tuned for property and we'll keep up to date with the latest and most informative UK coverage.