|Royal Bank of Scotland Group plc denies it is to float properties portfolio on stock exchange|
|Thursday, 10 October 2013 08:41|
News round up: RBS, Help to Buy, Royal Mail, Libyan Prime Minister, Office for Budget Responsibility and Federal Reserve.
Royal Bank of Scotland Group plc (LON:RBS) has dismissed claims it was planning to sell a portfolio of more than 1,300 UK residential properties.
Help to Buy
The Government’s flagship Help to Buy mortgage subsidy scheme could make housing even less affordable, the International Monetary Fund has warned. By launching it when house prices are already rising across the country the plan, formally unveiled this week, ‘may lead to even higher housing prices’, the Fund said.
Hundreds of thousands of private investors will get the bare minimum of shares in tomorrow’s Royal Mail flotation as evidence mounted that the government has inadvertently created a stampede by selling it off too cheaply.
Libyan Prime Minister
The Libyan Prime Minister Ali Zeidan has been snatched by armed men in a dawn raid on his hotel in Tripoli, the country’s government confirmed this morning.
Office for Budget Responsibility
Flatlining investment by Britain's battered businesses was the main reason the independent Office for Budget Responsibility drastically overestimated the likely strength of the economic recovery, it conceded in its latest forecast review.
Policy makers at the US Federal Reserve were split over the merits of slowing its $85bn-a-month asset purchases in September, highlighting the difficult task facing Janet Yellen as she prepares to take the chairmanship of the central bank.
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