Richard Butler Creagh: How are the UK’s talks with the EU going?

Here is the latest news from Richard Butler Creagh.

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EU officials say the UK is “dancing around the issues” in talks in Brussels on a Brexit deal. Boris Johnson’s government is seeking to renegotiate the withdrawal deal agreed by his predecessor, Theresa May, but discussions so far have been at a very general level. The EU maintains the text of the withdrawal agreement is closed but it is still listening.

“The UK wants a less involved relationship,” says one EU source close to the talks, “but it’s not clear what that means in practice.” The prime minister’s Brexit envoy, David Frost, is back in Brussels this week for further talks but time is running short. UK officials say criticism of their approach, from the EU side, is unfair.

“We’re having conversations this week which pick up on last week’s discussions,” one official says, “and we’ve agreed where to focus talks in the future.” That means the focus is still in Brussels.

So far this week, the UK side says it has presented ideas on customs and manufactured goods, while there has been further discussion on the non-binding political declaration which sits alongside the withdrawal agreement and outlines the future relationship between the two sides. But while the government says progress is being made, the EU insists no formal proposals have been tabled.

Clock ticking

There is also a sense from those involved in the talks the UK’s desire for a looser relationship involves not just economic issues but defence and security too. All of this exasperates the EU. There is plenty of churn behind the scenes but little certainty about anything.

Philip Rycroft, who was until recently the permanent secretary at the Department for Exiting the European Union, says it will be very difficult to get a deal done by mid-October.

If the EU were to shift position on any issue, it would want some degree of confidence a new deal could win the approval of the UK Parliament. That could mean waiting for a general election – but if anything is going to be achieved in these talks, it is going to have to happen pretty quickly.

Future relationship

As well as replacing the backstop, Boris Johnson wants a clearer path to what he calls a “best-in-class” Canada-style free-trade agreement with the EU in the future.

But it has been made clear during the talks in Brussels that this would involve the UK getting rid of many “level playing field” elements – promises agreed by Theresa May to stick close to EU rules on things such as subsidies for business, workers’ rights and environmental rules.

Richard Butler Creagh is the founder of Henley Finance and has been one of the first people in the UK to identify the need for reliable and fast bridging finance. In all its forms, Richard Butler Creagh also designed this blog for readers who want to know what’s going on in the British news helping you to keep abreast of events and form your own opinion of the latest issues. Richard Butler Creagh also gathers and reflects on news as it happens, adding depth and context to breaking stories on the Richard Butler Creagh Twitter page here. Keep up to date with what’s happening on the Richard Butler Creagh Linkedin page here.

Richard Butler Creagh: Investing in technology

Investing in new green technologies has never been as important as today, and yet many of us believe that these efforts are doomed to failure. It may be one of the safe havens of todays threat of recession.

The rapid technological progress in the United States means that next generation solar panels will be thinner, cheaper and more efficient. Maybe they won’t even be made of silicone. Companies are looking for even more effective ways of obtaining solar energy, for example using long parabolic mirrors that focus light on thin tubes filled with liquid, which – when heated to a sufficiently high temperature – can drive a steam turbine and generate electricity. Spanish and German companies are setting up large solar power plants of this kind in North Africa, Spain and southwestern North America. In California, on a warm summer afternoon, solar power plants are already competing with coal. Europe could obtain most of its energy from power plants operating in the Sahara desert. A new extensive transmission network would be needed.

During certain periods of the past year, wind farms supplied nearly 40 percent of the energy used in Spain. In some regions of northern Germany, wind energy is more than needed. Northern Scotland, where winds reach one of the highest speeds in Europe, could easily meet 10 or even 15 percent of Britain’s energy demand – at a cost that would match today’s fossil fuel prices.

The discontinuous nature of the energy obtained from the wind (once it blows strong, sometimes weaker) means that the energy system would have to be shaped in a different way. To ensure continuity of supply, Europe needs to build a better energy network between regions and countries. Countries with surplus energy from wind easily exported it to places where it doesn’t blow so much. Great Britain should invest in transmission networks, probably underwater, through which the energy generated in Scottish wind farms would reach the south-eastern regions of England and further to France and the Netherlands. If we want maximum energy security, the energy distribution system would have to cover the whole of Europe.

You should also invest in energy storage. There is talk of the development of “intelligent systems” that encourage consumers to save energy when wind speed slows down. In many countries, acquiring wind energy is already financially profitable today and will soon stand – because turbines will be increasing and producers will reduce costs. According to some forecasts that wind farms can meet energy demand by up to 30 percent, turbine production and installation will also become a significant source of employment.

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Richard Butler Creagh is the founder of Henley Finance and has a very triumphant career in property development. Hes goal is to assist anyone working in a small business make smart decisions about finance, products, services and ideas. Whether it’s a food truck or a fashion line, a coffee shop or a consulting firm, Richard Butler Creagh brings you concise, actionable  information you can use to make the daily decisions required to grow your business.  You can also read more about Richard Butler Creagh here.

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Is this technology safe?

The blockchain as a transaction book with the current technology and computing power of computers cannot be created. It is estimated that a computing power equal to half the Internet is needed to break a blockchain network. However, the introduction of quantum computers will require the implementation of new cryptographic security features according to Forbes. Blockchain transactions in the blockchain are irreversible. Attempting to change one block involves changing the entire blockchain following it. In the event that someone tries to cheat, change or enter an unauthorized transaction, the blockchain nodes in the verification and reconciliation process will discover that one of the copies of the book has a transaction that is incompatible with the records in the network and refuses to include it in the blockchain. Data, transactions and their order are resistant to counterfeiting and all kinds of manipulations. The blockchain philosophy, advanced mathematical methods, and cryptographic security allow us to trust the data contained in the accounting books of the transaction. On the other hand, is the chain because can’t get any point because of nature it works, the entire block needs to be rewritten or scrapped but for this happens this is to be identified. It is difficult to identify it the chain is many many many blocks away.

The financial industry was the first to recognize the potential of blockchain, but also the risk for its status quo that this technology brings. Since 2014, we have seen a huge flood of start-ups, which develop crypt-based technology for block-based currencies. A new industry is emerging, named for finance and technology in the FinTech industry, and in the insurance industry Insurance Tech (or InsurTech). There is a lot going on in the traditional financial industry. In 2015, a consortium of Banks and FinTech was established with the aim of developing blockchains. The consortium for September 2016 included, among others, Citi, Bank of America, Morgan Stanley, Societe Generale, Deutche Bank, HSBC, Barclays, Credit Suisse, Goldman Sachs, JP Morgan, and ING. In July 2016, Citi announced that it had developed its own crypto-currency, which he named Citicoin. FinTech start-up Chain.com received on October 30 million USD co-financing (from Nasdaq, Visa, CapitalOne, Orange and Citigroup) in order to build a solution that will allow you to send various valuable assets in the network (loyalty points, shares, vouchers and various financial instruments).

Learn more about Richard Butler Creagh, the founder of Henley Finance here. Read more about Henley Finance which is a bridging lender company that invests in UK property here.

London house prices: is slump coming to an end?

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh helps clients find the right financial packages for their needs. Richard Butler Creagh and his team bring a consultative approach that quickly solves financial challenges. In today’s post, we talk about the slowing price growth of UK property making it harder for speculators to turn a profit.

The number of homes in England and Wales that were bought and sold twice within a year came to 17,120 in 2018 — down 11 percent from the latest peak two years earlier, and 70 percent below the high point of “flipping” in 2004, according to the estate agents.

Speculative homebuying in London almost halved in the past four years, with 1,107 homes flipped last year, as the housing market in the capital — which had led the post-crisis surge in prices — weakened. Of £3.9bn of homes flipped in the UK past year, £600m were in London. Price growth has slowed, and this combined with tax changes has meant that generally, it’s harder for flippers to make as much of a return as before.

The annual rate of house price growth across the UK in 2018 was at its slowest in five years and the slowing trend has continued since, with prices across the UK up 1.4 per cent in the year to April, while in London prices dropped 1.2 per cent.

In 2018, flippers sold homes for an average £30,150 more than they paid — although this figure does not take account of stamp duty, estate agent fees or any renovation costs. According to an online estate agent, buying and selling a home worth about £200,000 can cost as much as £20,000 in total, meaning flippers must choose carefully to ensure a profit.

The latest peak for flipping was in 2016, when some 19,180 homes in England and Wales worth £4.2bn changed hands twice in a year. National house price growth began to slow that year, after coming in at 8.3 per cent in the year to March. But that paled in comparison with the boom of the early 2000s, when 56,560 homes, worth a total of £8.2bn, were flipped as house prices shot up by 20 per cent in 2004.

The capital of rapid buying and selling for the past three years has been Burnley in Lancashire, where more than one in 10 homes that changed hands were flipped in 2018. Burnley has some of the lowest house prices in England. This allows flippers to buy properties worth more than £125,000 that do not incur basic stamp duty, although they may still be liable for the 3 per cent surcharge applied to second and additional homes.

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Richard Butler Creagh is the founder of Henley Finance. With decades of experience and deep knowledge of the financial sector, Richard can help clients find the right financial packages for their needs. See what Richard Butler Creagh can do for you here. Check out Richard Butler Creagh ‘s Pinterest page here for more information you need to succeed financially. Whether debt, mezzanine financing or equity, the Richard Butler Creagh has the resources to help you to keep your business moving forward.

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Richard Butler Creagh: Luxury Goods

Welcome to the Richard Butler Creagh Blog. Richard Butler Creagh provides bridge loan funding for a wide array of commercial and personal requirements.  In today’s post, we talk about the key trends shaping the luxury market. Read on to find out more.

An in-depth knowledge of the culture and realities prevailing in a given country combined with the knowledge of the local language can be a unique asset when thinking about your own business. Nothing prevents me from checking what market niches are in other countries or what popular product in one of them could make a sensation in the other. One thing to consider is that the natives probably know their own market better than you however perhaps not the product.

Richard Butler Creagh

Italian pizza, French cheese, Swiss watches or German chemistry is a clear message for the customer that the offered product is of the highest quality. However, if someone intends to base their business on such a pillar, they should gain knowledge why a particular product is the best from this particular country, learn about traditional methods of its production and culture related to its consumption, use, sale, etc. Each entrepreneur will make it more credible in the eyes of consumers. However, often businesses outside of the well-known location register to be able to have the fame of quality on their side.

Of course, you do not necessarily have to focus on offering products that are synonymous with their place of origin. Because although everyone knows that Italy is the homeland of pizza, there are thousands willing to run a pizzeria, so the competition will be huge in this case. An investment based on the distribution of a traditional commodity for a given country, in the absence of recipients’ knowledge about it, requires more effort in marketing and education, but it also gives the chance to gain a pioneer in the market.

Until recently, yerba mate was known to a few South American lovers and connoisseurs of tea drinks. The brew prepared from the leaves of Paraguay holly has become more popular in European recent years thanks to travel programs. Both journalists, talking about Latin American cultures, repeatedly presented themselves to the viewers with matero and bombilla in hand (a vessel and straw used to consume a drink).

From the KPMG report shows that by 2017 the value of the home luxury clothing market will increase. This means that it will still be the second largest segment of luxury goods in the country, right after luxury and premium cars. This high demand for luxurious goods created diversification within the market for high luxury and low luxury goods. The results of the report also indicate worth emphasizing that the brands of luxury clothing and accessories from Italy and France play the most important role.

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Learn more about Richard Butler Creagh online here. Go to Richard Butler Creagh‘s Facebook page for more news, videos, and the latest top stories in the world of finance, luxury lifestyle and more. Be the first to know about Richard Butler Creagh‘s breaking news and special reports here.

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Real Estate VS Stocks – Which is a Better Investment?

Richard Butler Creagh on Properties vs. Stocks

Welcome to the Richard Butler Creagh blog. Today we’ll talk real estate VS stocks. But before investing in real estate or stocks, you need to know that there is no perfect investment; they both have their advantages and disadvantages. Thus, your preferences and capability to keep up with risks should affect your decision. Read on to find out more.

Based on history, we can conclude that in the long-term investing in the stock market brings at least three times higher rates of return than the real estate market. The added value that such an investment can bring to the portfolio is a weak correlation with the stock market. It is, therefore, a good proposition for large investors, for whom security is just as important as the rate of return. In such cases, adding real estate to the portfolio will significantly smooth out the capital curve. In the long term, however, it will be at the expense of the final rate of return.

Pros and cons of investing in the stock market. The biggest advantage of investing in the stock market is a higher average rate of return on investment. Unfortunately, as usually happens, it is also burdened with higher risk In the case of index investment one should not forget about the simplicity and the fact that we can start our investments from small amounts. The biggest advantage of the stock market is, however, that it includes depreciation in its valuations.

Pros and cons of investing in real estate. In the case of investing in real estate, actually, the only plus is the lower volatility of prices, although it is less liquid because it is more difficult to withdraw from investment, especially physical investment. The downside to investing in real estate is certainly the lower rate of return than on the stock exchange. With such volumes, it is practically senseless to even invest small amounts in real estate market funds, because the management fee will pay us all profits. Therefore, the only alternative is the independent purchase of the real estate, where the downside is the large initial value of the investment.

And here is the argument that we can take an apartment for a loan and rent it, and the tenant will repay part or all of the loan. Of course, for some investments, this kind of strategy may work, just like the stock market can go to buy LPP on debut and stick for many years. On the scale of the entire financial market, such inefficiency on the real estate market may, however, last only for a certain period of time. Long-term assumptions should not be counted on. In the long-term, this effect will be neutralized by growing interest rates or falling rental prices.

The biggest downside of investing in real estate is the fact that depreciation and maintenance costs are not included in the prices. Over the years, the property requires investment in the form of repairs and repairs. In the case of an exchange of this kind, the problem does not exist.

Real estate or stock exchange? Objectively looking at this moment, the capital market seems to be the most attractive place to invest its financial surpluses. Low-interest rates combined with the dividend policy of the growing number of companies means that in the long term it is the only direction that should ensure returns on capital. The only downside is actually the relatively large variability of valuations. In the long term, however, it compensates for a higher rate of return on investment. So when I combine investing in real estate and the stock market, I personally choose the latter solution.

So, real estate vs. stocks – which would you prefer?

Richard Butler Creagh is the founder of Henley Finance. Find out more about getting the right finance for you on the Henley Finance website.

Watch this video to find out more about Richard Butler Creagh and property investment.

 

How to use bridging finance

Richard Butler Creagh On Bridging Finance

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh is a financial consultant providing clients with specialized financial, property and investment guidance. In today’s blog, we’re talking about what bridging finance is. Read on to find out more.

Bridging financing is a great way to provide our company with financial liquidity at a difficult time between the start of an investment and the reimbursement of its costs or obtaining a payment The use of this form of assistance can significantly reduce the risk of company bankruptcy, which is why this form of support is very popular among entrepreneurs.

Bridging financing allows you to maintain financial liquidity in the period between covering the project implementation costs and their reimbursement, allows for patching the budget hole, ensures continuity of investment financing and funds for current expenses of the enterprise. By undertaking this type of commitment, we significantly reduce the risk of losing financial liquidity at the time of large expenditures on selected investments.

Investing in innovation and improving the company’s services is an indispensable task for every entrepreneur. It is in this way that he can provide his brand with a competitive advantage, strengthen its position on the market or gain the trust of customers. Unfortunately, investing almost always means considerable expenses that can undermine a delicate financial balance of the company – at that moment, bridging financing comes to our aid.

Bridging financing is a type of commitment that allows our company to obtain the funds necessary to maintain financial balance. We reach for such a solution especially when we undertake investments that require large financial outlays. Even if the invested funds are to be refunded to us, the process of receiving the necessary money may drag on and thus expose the company to financial difficulties. Bridging financing allows us to avoid this because it ensures financial stability even when large investment costs are incurred. In this way, we can devote additional cash, gained through bridging financing, to current expenses when we spend our own funds on a specific investment goal.

The market offers a wide variety of opportunities to take advantage of bridging support. Most often it takes the form of bridging loans, advances granted from the entity reimbursement of a given investment, bridging loans and loans granted by other entrepreneurs. Choosing the right commitment is a very important issue that can affect the fate of our company. When making decisions, one should take into account the credibility and reliability of the company in which we want to obtain financial support, and then compare its terms with the offers of other lenders. It is also worth considering a few different offers and choosing the one most suitable for the financial situation of our company. The obligation that will help us to keep our financial liquidity in the face of large investment expenditures can be obtained at a bank, in a large enterprise or in a non-bank institution.

Bridging financing and non-bank market.  The non-banking sector more and more often sees its chance in offering not only financial obligations for individual clients but also loans adapted to the needs of entrepreneurs. For consumers, non-bank loans for companies are a great alternative to bank liabilities, mainly due to the limited amount of formalities and accelerated time to obtain access to cash, as well as a competitive price.

The number of non-bank offers is increasing all over the world, targeted at business owners who need financial support. The attitude of entrepreneurs to this type of solutions is also dynamically changing – initially, they approached them with reserve, but nowadays they are more willing to reach for this form of additional financing. Bridging loans are a great alternative for people who have been refused at the bank or lack of funds to complete their investments.

“We make sure our investors are protected so that no one project can affect another. The borrower gets protection on the basis that we don’t take anything on unless it has stood up to our due diligence process and is viable. We are rigorous but in the end everyone benefits. Our aim is to help all sides of the project thrive.” Richard Butler-Creagh, 2017

Richard Butler Creagh established Henley Finance in 2013, a short-term bridging finance company that specializes in loans.  Read more about Richard Butler Creagh on his official website and learn more about Bridging and Commercial app here. Connect with Richard Butler Creagh  Linkedin page here.

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