Labour Sees Potential U.K. House-Price Bubble

Eighty-two percent of 200 investors and analysts polled expect the economy to improve over the next 12 months, up from 69 percent a year earlier, London-based Capital Spreads said today. The survey also showed that 62 percent view the recovery as sustainable and not built on an artificial housing boom. The Bank of England said last week that the recovery is taking hold and increased its growth forecast for this quarter to 0.7 percent from 0.5 percent. The nine-member Monetary Policy Committee unanimously agreed at its meeting this month that the economy currently requires no more stimulus, and policy maker Ben Broadbent said yesterday recent data has been strong. Investors are beginning to see some light at the end of what has been a very long and jet-black tunnel, said Nick Lewis, head of trading and market risk at Capital Spreads. It remains to be seen whether this is more than a housing bubble, but the City seems cautiously optimistic. Government initiatives to boost mortgage availability have drawn criticism for potentially stoking the property market too much. A gauge of house prices by the Royal Institution of Chartered Surveyors rose to the highest in almost seven years in August. In a sign that some investors remain cautious, 30 percent of those polled said the U.K. economy is a bubble based on a housing boom, though they expect it to grow for the foreseeable future. Of the 200 respondents, 6 percent forecast that the economy will weaken over the coming 12 months, down from 8 percent a year earlier. The poll was conducted by Populus from Sept. 3 to Sept.

Fourth Plinth Commission

— London Fletcher finally made a concession to his age. Thats why the Washington Redskins linebacker talked with coaches about having Nick Barnett replace him at times during games. Fletcher Barnett played eight snaps over two series for Fletcher in Sundays 27-20 loss to the Detroit Lions . Its something to keep me fresher, said Fletcher, 38. They rotate running backs, so we decided to rotate middle linebackers. I thought it helped me during the course of the game. Fletcher finished with eight tackles, one sack and two tackles for loss. He did not come off the field in the first two games, but struggled to get off blocks at Green Bay. As others have said, every player succumbs to age at some point. We dont want to overwork him, especially with the offenses we go against nowadays, Redskins coach Mike Shanahan said. Id like to give him a few more plays off to not just wear him down. Were trying to keep him 100 percent. We feel very good about London. We want to keep him healthy and we think Nick is doing a good job, too. The Redskins were hurt in the preseason when second-year linebacker Keenan Robinson tore his pectoral muscle and was lost for the season. He was Fletchers backup and, potentially, his eventual replacement.

Imran Farooq murder: London police extends suspect’s bail

Currently on display is Katharina Fritschs Hahn/Cock, a blue rooster symbolizing male-dominated Britain. The next two winners will be announced early next year, and their work will appear on the plinth in 2015 and 2016 respectively, organizers said. Moon Mask The other artists shortlisted for the plinth are: Ugo Rondinone, with Moon Mask, a haunting mask cast in aluminum with square cavities for eyes; Marcus Coates, whose primitively shaped stone work is called Unmade Monument; and Mark Leckey, whose Larger Squat Afar is an anagram of Trafalgar Square and a mishmash of elements borrowed from the squares other sculptures. The plinths previous occupant was artist duo Elmgreen & Dragsets bronze effigy of a boy on a rocking horse. Powerless Structures Fig. 101 went up in 2012, the year of the London Olympic Games . In 2009, sculptor Antony Gormley had 2,400 volunteers appear on the platform for 100 days as part of his project One & Other. Muse highlights include Martin Gayford on art and Hephzibah Anderson on books. To contact the writer on the story: Farah Nayeri in London at farahn@bloomberg.net . To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net . Fourth Plinth Commission Mayor of London, courtesy of the artist and Stephen Friedman Gallery, London. “Really Good” by David Shigley is a 10-meter-high thumbs-up cast in a dark patina.

London Fletcher gets needed rest

The 52-year old man, a British citizen of Pakistani origin, was arrested in June from Londonas Heathrow Airport. The man had just arrived in Britain from Canada before the police arrested him. After his arrest, he was taken to a west London police station for questioning before being released on bail two days later which was to last until a date in September. The extension in his bail comes days after the London police said that the slain politicianas wish to launch a new political party before his death remained a key line of probe in the murder investigation. The MQM subsequently said the idea that Farooq was seeking to form a new political party was simply unimaginable. MQM leader Dr Imran Farooq, aged 50, was on his way home from work when he was attacked in Green Lane on Sept 16, 2010 outside his London home. A post-mortem examination found that he died from multiple stab wounds and blunt trauma to the head. The 52-year-old manas was the first arrest carried out by London Police in relation to Farooqas killing and has so far been the most significant progress in the case in over a year. Farooq, one of the founding members of the MQM, then known as the Mohajir Qaumi Movement, had been living in self-imposed exile in London since 1999. The party later transformed into the Muttahida Qaumi Movement and became the fourth largest political force in parliament, and is the largest political party in Karachi.