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According to a survey taken when the lockdown began, 45% property sellers had been questioned by buyers for reduction in sale prices, asking for 5 % to 10% drop. Despite buyers trying to strike a deal, not all sellers are willing to accept offer and that they would not sell as a price drop. London is most likely for buyers to ask for a price reduction where 70% sellers said they faced buyers asking to lower their property prices.
The US central bank continues to support US economy for several years, Most of the Federal Reserve leaders said they expected to keep interest rates around zero till at least 2023. Government aids for businesses and workers hurt by the lockdown and several bans had been extremely critical to a better recovery so far. Bank leaders expect the US economy to go down by 3.5% this year which is less than the 6.5% decline anticipated earlier this year.
£15m fine to be paid by Deloitte for failing Autonomy audit. Two of its now former partners, Richard Knights and Nigel Mercer, were investigated earlier in relation to their audit of Autonomy’s financial statements for 2009 and 2010. Deloitte, has agreed to provide a detailed analysis of the misconduct in its audits as to why the firm’s process did not prevent it and has been ordered to pay all costs claimed by the Financial Reporting Council for its investigation, which amounts to £5.6m.
