The NRLA, a landlord body, is calling for a capital gains tax (CGT) overhaul ahead of the Budget, arguing that rental demand continues to outstrip supply and rental yields are rising. Citing Rightmove data, it says each rental home receives an average of 10 enquiries, around double pre-pandemic levels. The NRLA argues CGT taxes inflation-driven increases in property values as if they were real gains, noting that from 2015 to 2024 only around one-fifth of house price growth was in real terms. It proposes adjusting acquisition costs and qualifying capital expenditure for inflation, with reliefs based on holding period and rental use, but no relief for short-term 'flipping'. CEO Ben Beadle says the Chancellor has an opportunity to fix the system so that long-term investment in rental housing is rewarded.
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Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move, saying he would not “prejudge” policy decisions. Speaking at the 2026 IMF and World Bank Annual Meetings, he described artificial intelligence as a “positive supply shock” for the economy over the medium term, though it is hitting demand first. He said the US is seeing a massive investment surge, though the trend is not equally visible across countries, and challenged the view that prolonged economic weakness is inevitable. Major brokerages expect a possible rate hike in December, while markets broadly expect the Fed to hold rates steady at its October 27-28 meeting.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI 'positive supply shock'
Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move, saying he would not 'prejudge' FOMC decisions, during a fireside chat at the 2026 Annual Meetings of the IMF and World Bank Group. He described AI as a 'positive supply shock' over the medium term and said the US is seeing a massive surge in investment, though not equally across countries, challenging the theory of 'secular stagnation.' Warsh said developments over the past month broadly matched Fed expectations and that the central bank will reassess conditions at its October and December meetings. Markets broadly expect no change at the October 27-28 meeting, while some major brokerages see a potential rate hike in December. He also said the Fed will hold its first field hearing of a task force on November 16.
- Not going to prejudge : Fed Chair keeps rate outlook open ; calls AI positive supply shock
Federal Reserve Chair Kevin Warsh declined to signal the central bank's next rate move, saying he would not “prejudge” policy decisions. Speaking at the 2026 IMF and World Bank Annual Meetings, he described artificial intelligence as a “positive supply shock” for the economy over the medium term and said the US is seeing a massive surge in investment. Markets broadly expect the Fed to keep rates unchanged at its October 27–28 meeting, though some major brokerages see a possible rate hike in December. Warsh said the Fed will reassess economic conditions at its October and December meetings and that AI is hitting demand before supply, so policymakers should recognise it as a shock.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI positive supply shock
Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move, saying he would not prejudge policy decisions. Speaking at a fireside chat at the 2026 IMF and World Bank Annual Meetings, he said the US is seeing a massive investment surge, though not evenly across countries, challenging the “secular stagnation” view. Major brokerages expect a possible rate hike in December, while markets broadly expect no change at the October 27-28 meeting. He called AI a “positive supply shock” over the medium term, noting it hits demand before supply, and said the Fed's first task-force field hearing will be held on November 16.
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