The Investment Association's monthly statistics of UK investor behaviour in July 2016 show:

- Funds under management at record high of £989 billion

- Funds under management rose by £40 billion in July

- Total sales (retail and institutional combined) were -£506 million

- Fixed income funds were popular in July with net retail sales of £1.1 billion

- Equity funds saw an outflow of £2.2 billion

- Property funds experienced an outflow of £792 million

Commenting on the latest report by Institute for Fiscal Studies (IFS), Chris Keates, General Secretary of the NASUWT, the largest teachers’ union in the UK, said:

The largest teachers union has commented on the latest report by the Institute for Fiscal Studies.

Research released today by the Chartered Management Institute and XpertHR reveals that men are more likely than women to have been promoted into senior and higher paying management roles in the past year, with no progress made on reducing the 23% gender pay gap.  

Coca-Cola European Partners (CCEP) has pledged £14 million to its Northumberland operations.

Today the Building Societies Association (BSA) releases mortgage lending and savings figures for all 44 building societies for the second quarter of 2016.

New apprenticeship funding proposals announced today by the Government look like a ‘fair settlement for small employers’, according to the Federation of Master Builders (FMB). 

Investment in infrastructure could help mitigate the risks of Brexit, according to the Federation of Master Builders (FMB).

CMA’s final report into the retail banking market is a missed opportunity to create a competitive banking sector that better serves businesses and personal consumers

Former Labour Shadow Chief Secretary Rachel Reeves writes that today's CMA report into the retail banking market has not gone nearly far enough to tackle excessive charges faced by consumers.

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  Equity fund returns are 0.71% above index returns per annum, higher than the -1.59% underperformance expected based on charges and transaction costs, suggesting there are not hidden fees in funds

  
  


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  The average portfolio turnover rate in equity funds is 40%, which also brings the hidden-fees hysteria, and claims of fund manager overtrading, into doubt

  
  


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  Our forthcoming Disclosure Code will standardise fee disclosure including implicit cost estimates across all investment products

  
  

Innovate UK is making a new fund available to help small businesses expand overseas.

Commenting on the MPC decision to reduce the Bank Rate to 0.25%, BSA Chief Economist, Andrew Gall said:

The Bank of England’s Monetary Policy Committee has cut base interest rates from 0.5% to an historic low of 0.25%.

Theresa May announced the launch of a cabinet committee on economy and industrial strategy, which includes almost half the senior cabinet and will be chaired by the prime minister herself.

Recent analysis of the Labour Force Survey (LFS) by the Resolution Foundation noted that there has been a ‘fall in home ownership across England’. In response, Paul Broadhead, Head of Mortgage Policy at the BSA cites a larger-scale problem across the UK housing market. 

Rico Wojtulewicz, policy advisor for the House Builders Association (HBA), comments on the latest figures on homeownership  in Britain and argues that SME house builders can play a vital role in building a better Britain.

The Investment Association's monthly statistics of UK investor behaviour in June 2016 show:

With the dramatic political fallout following the EU Referendum, the Glass and Glazing Federation (GGF) has welcomed the changes to the cabinet and government departments. 

Institute leads work-stream into skills, materials and new technology in housing sector

MPA sales of mineral products in the second quarter of the year were better than expected, contrasting with official statistics showing a reduction in construction activity since the beginning of the year. 

Concerns over the rising costs of construction materials could be exacerbated by a weakening currency following the EU referendum result, the Federation of Master Builders (FMB) has warned.