Thursday newspaper round-up: UK house prices, IAG, Climate emergency
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House prices have risen by just £650 over the past year, new figures from Nationwide Building Society revealed today. Annual property inflation remained sluggish in July, with the average home up just 0.3 per cent on a year earlier, from £217,010 to £217,663. Nationwide's chief economist Robert Gardner said while new buyer inquiries have increased a little, 'key consumer confidence indicators remain subdued', however, first-time buyers have been taking advantage of the slower property market. - Daily Mail
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Strikes by British Airways pilots could disrupt hundreds of thousands of holidaymakers from August after the airline lost a second legal attempt to block industrial action. The court of appeal on Wednesday upheld last week’s verdict by the high court, which dismissed BA’s claim that the strike ballot was invalid. The pilots’ union, Balpa, can now proceed with planned strikes over pay, as long as it gives two weeks’ notice. The airline carries up to 145,000 passengers a day. - The Guardian
Capitalism is “very much part of the solution” to tackling the climate crisis, according to the governor of the Bank of England, Mark Carney. Challenged in an interview by the Channel 4 News presenter Jon Snow over whether capitalism itself was fuelling the climate emergency, Carney gave a strident defence of the economic system predicated on private ownership and growth but said companies that ignored climate change would “go bankrupt without question”. - The Guardian
Sajid Javid claims to have doubled the funds available for Brexit preparations with the announcement of up to £2.1 billion in funds for a no-deal exit this year. The chancellor said last night that he was allocating an additional £1.1 billion for “critical operations” before leaving the EU on October 31 without a deal. - The Times
The head of the Chinese army in Hong Kong has spoken on the protests for the first time, saying the unrest has “seriously threatened the life and safety” of the people and should not be tolerated. The commander of the People’s Liberation Army (PLA) garrison in Hong Kong warned it was “determined to protect national sovereignty, security, stability and the prosperity of Hong Kong”. - The Guardian
The Guernsey stock exchange has sought to distance itself from Neil Woodford by pushing out three of his investments in a move that has left his troubled Equity Income Fund in breach of rules over unlisted shares. The International Stock Exchange in Guernsey said last night that it had cancelled the listing of Ombu, an investment company. - The Times