This week in our roundup we bring news of more support for the EU Remain camp, as well as rallying European shares. We also find buy-to-let investments have increased in popularity across the UK over the past few years. But it's not all good news - one study has found that tough economic conditions mean more young people than ever will struggle to move out of their family homes over the next ten years.
Top bosses back EU Remain campaign
Some of the biggest businesses in Europe have called for the UK to remain in the European Union ahead of the upcoming referendum in June.
Some 51 leading chief executives and chairmen from firms in the European Round Table of Industrials yesterday issued a letter in support of the EU, warning that a Brexit would seriously affect prosperity for Europe and the UK alike.
"Investment and job creation benefit from a united Europe," the letter stated. "And, while respecting the decision of the people in the United Kingdom, we believe that a Europe without the UK would be weaker, just as the UK itself would be weaker outside Europe."
While the business chiefs accepted that the EU "certainly needs to be improved", they said that "no one member state can tackle these challenges alone".
Among the signatories were Ian Davis, chairman of Rolls-Royce; Carl-Henric Svanberg, chairman of BP; and Jean-Paul Agon, chairman and chief executive of L'Oreal.
European shares set for bumper month
Europe's stock markets are set for their best monthly performance since October 2015, according to experts.
Reuters yesterday stated that the Euro's weakness on currency markets propped up export-driven companies, while the STOXX 600 and FTSEurofirst 300 indexes were on track for their third successive month of gains.
The news source reported that British financial trading and betting company IG was one of the best-performing stocks in Europe, rising 2% after the firm revealed its full-year earnings are expected to come in ahead of initial market forecasts.
Surge in buy-to-let investments recorded
The number of people investing in buy-to-let mortgages in the UK rose by at least 7% in 2013-14.
According to figures from HMRC, analysed by estate agent ludlowthompson, there were 1.75 million Britons recorded as being buy-to-let landlords at the end of 2014, with those numbers expected to have increased significantly since.
The study also showed that buy-to-let landlords had made a combined £14.2 billion in net income, up from £13.1 billion the year before.
Investors have found buy-to-let lending particularly appealing as a result of cheap mortgages, rising rents and low savings rates.
1 million more young adults to live with parents over next 10 years
New research from Aviva has suggested that up to one million more young people will have to live at home with their parents over the next decade.
According to the study, 3.8 million people aged between 21 and 34 - an increase of one-third from the current figures - will live at home in 2025 if house prices continue to rise at the same rate as they have over the last ten years.
In addition, the company forecast that the number of households in the UK containing two or more families to rise by almost one million - from 1.5 million to 2.2 million.
This blog is a summary of recent developments. It should not be regarded as a substitute for advice in any particular case. Equilibrium is not responsible for the content of external websites.