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Prem Sikka

@premnsikka.bsky.social
53K followers 47K following 4.5K posts

Emeritus Professor. Member, UK House of Lords. If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.

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Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 15h
Dividends paid to UK citizens taxed at rates of 8.75% to 39.35%, lower rate than wages. Dividends mostly go to the top 1%. £6bn a year raised if dividends taxed at the same rate as wages. More if NIC levied. Unlike the US, France, Germany, no UK tax levied on dividends paid to foreign investors.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
8224113
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 17h
UK airlines to be banned from charging parents to sit with children. Some people charged up to £104 extra. Neoliberals routinely moan about regulation but are silent on customer rip-off schemes. If businesses were ethical we wouldn't need regulation.
theguardian.com
UK airlines to be banned from charging parents to sit with children
Planned rule change forms part of Burnham’s bid to crack down on the ‘little charges that add up’
21452149
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 18h
US private equity owner of Boots to sell it to a Canadian private equity firm for $9bn (£7bn). NHS prescriptions are a major money makers. Otherwise its prices are high. No UK tax levied on dividends paid by Boots to its foreign owners.
theguardian.com
Boots owner ‘closing in on sale to Canada’s Weston family for $9bn’
Deal would mark return of Canadian family to UK after it sold Selfridges department store for £4bn in 2022
18251157
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 18h
Millions of UK workers withdrawing from pension schemes to make ends meet Consequence of low wages and high cost of living forcing people into hardship choices - living now v income in retirement. They will have lower private pension in later life and state pension isn't enough even now.
bbc.co.uk
Why Gen Z are opting out of workplace pensions
A growing number of people are opting out of these schemes due to cost-of-living pressures.
28287146
Prem Sikka @premnsikka.bsky.social · 15h
Dividends paid to UK citizens taxed at rates of 8.75% to 39.35%, lower rate than wages. Dividends mostly go to the top 1%. £6bn a year raised if dividends taxed at the same rate as wages. More if NIC levied. Unlike the US, France, Germany, no UK tax levied on dividends paid to foreign investors.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
8224113
Prem Sikka @premnsikka.bsky.social · 17h
UK airlines to be banned from charging parents to sit with children. Some people charged up to £104 extra. Neoliberals routinely moan about regulation but are silent on customer rip-off schemes. If businesses were ethical we wouldn't need regulation.
theguardian.com
UK airlines to be banned from charging parents to sit with children
Planned rule change forms part of Burnham’s bid to crack down on the ‘little charges that add up’
21452149
Prem Sikka @premnsikka.bsky.social · 18h
US private equity owner of Boots to sell it to a Canadian private equity firm for $9bn (£7bn). NHS prescriptions are a major money makers. Otherwise its prices are high. No UK tax levied on dividends paid by Boots to its foreign owners.
theguardian.com
Boots owner ‘closing in on sale to Canada’s Weston family for $9bn’
Deal would mark return of Canadian family to UK after it sold Selfridges department store for £4bn in 2022
18251157
Prem Sikka @premnsikka.bsky.social · 18h
Millions of UK workers withdrawing from pension schemes to make ends meet Consequence of low wages and high cost of living forcing people into hardship choices - living now v income in retirement. They will have lower private pension in later life and state pension isn't enough even now.
bbc.co.uk
Why Gen Z are opting out of workplace pensions
A growing number of people are opting out of these schemes due to cost-of-living pressures.
28287146
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
Trump moves 9,000 troops to Middle East after threatening to hit Iran ‘very hard’. Distraction from Trump's economic failures, midterm blues, capitulation to China, court rebukes, tariff and press wars, self-aggrandizement, family fortunes from corruption Why does US Congress not check his abuses?
independent.co.uk
Trump moves 9,000 troops to Middle East after threatening to hit Iran - latest
The US president said the war will end ‘one way or another’
1818277
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
UK law firm partners collect record pay, up to £2.5m per equity partner. Partners treated as self-employed. Firms don't pay employer national insurance (ENI) on profit taken by partners. £150k ENI dodged for every £1m profit shared. Public purse deprived. Must end this tax perk. archive.ph/vJCIj
ft.com
Top UK law firm partners take home record pay
Spate of listings in Hong Kong boosted IPO work and related transactions
7207116
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
South West Water pleaded guilty to sewage dumping, fined £8m, a decade after the events. Yet govt introduced more deregulation. England's water industry controlled by organisations with criminal convictions. None has licence revoked. No exec prosecuted. Customers fleeced.
bbc.co.uk
South West Water fined almost £8m for sewage spills
South West Water previously entered guilty pleas to pollution offences spanning six years.
22388198
Prem Sikka @premnsikka.bsky.social · 01/10/2026
Trump moves 9,000 troops to Middle East after threatening to hit Iran ‘very hard’. Distraction from Trump's economic failures, midterm blues, capitulation to China, court rebukes, tariff and press wars, self-aggrandizement, family fortunes from corruption Why does US Congress not check his abuses?
independent.co.uk
Trump moves 9,000 troops to Middle East after threatening to hit Iran - latest
The US president said the war will end ‘one way or another’
1818277
Prem Sikka @premnsikka.bsky.social · 01/10/2026
US forces to leave Iraq despite fears Iran will exploit withdrawal. All over the world illegal US wars have killed millions, fermented instability, bitterness and possibilities of extremist regimes. Corporations profited. When will US and its allies realise that they can't rule the world?
news.sky.com
US forces to leave last bases in Iraq despite fears Iran will exploit withdrawal
Iraqi security experts have warned the departure could give Tehran and its allies free rein while also risking a comeback from ISIS.
912838
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
Capital gains taxed at lower rates than wages. 2024-25: 584000 people paid £24.2bn capital gains tax (CGT) on £127.3bn gains. 45% of CGT paid by those with gains of £5m+, less than 1% of CGT payers. Align CGT rates with tax rates on wages, generate £12bn-£14bn. More if NIC charged.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
7200100
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
UK public sector bodies spent £17bn with offshore-owned private equity firms last year. The same vultures received £31bn public sector contracts. Profiteering, low wages, tax dodging, asset-stripping is their business model. Enriched by public money. How many have politicians on payroll?
gmb.org.uk
£17 billion taxpayer cash went to offshore private equity last year
We need to buy British, GMB tells Labour conference
27577327
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
Super-rich UK energy/food magnates’ wealth skyrockets amid global crises Working-class face soaring prices, worsening climate impacts. Billionaires owning food/energy companies profit from hardship The same class funds political parties, uses tax havens, preaches low wages to workers.
theguardian.com
Super-rich UK energy and food magnates’ wealth skyrockets amid global crises
Analysis has shown the costs of daily essentials soaring in recent years, thanks in part to climate shocks, wars and geopolitical tensions
13356180
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 01/10/2026
9 years after Grenfell fire killed 72 people, Police pass files to the Crown Prosecution Service for possible charges against 54 individuals and 20 companies. How many will be prosecuted? Years of litigation will follow. Justice delayed is justice denied.
bbc.co.uk
Met Police submits Grenfell Tower fire investigation files to CPS
The force is seeking charges against 54 individuals and 20 companies over the 2017 tower block fire.
26482200
Prem Sikka @premnsikka.bsky.social · 01/10/2026
Capital gains taxed at lower rates than wages. 2024-25: 584000 people paid £24.2bn capital gains tax (CGT) on £127.3bn gains. 45% of CGT paid by those with gains of £5m+, less than 1% of CGT payers. Align CGT rates with tax rates on wages, generate £12bn-£14bn. More if NIC charged.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
7200100
Prem Sikka @premnsikka.bsky.social · 01/10/2026
UK law firm partners collect record pay, up to £2.5m per equity partner. Partners treated as self-employed. Firms don't pay employer national insurance (ENI) on profit taken by partners. £150k ENI dodged for every £1m profit shared. Public purse deprived. Must end this tax perk. archive.ph/vJCIj
ft.com
Top UK law firm partners take home record pay
Spate of listings in Hong Kong boosted IPO work and related transactions
7207116
Prem Sikka @premnsikka.bsky.social · 01/10/2026
South West Water pleaded guilty to sewage dumping, fined £8m, a decade after the events. Yet govt introduced more deregulation. England's water industry controlled by organisations with criminal convictions. None has licence revoked. No exec prosecuted. Customers fleeced.
bbc.co.uk
South West Water fined almost £8m for sewage spills
South West Water previously entered guilty pleas to pollution offences spanning six years.
22388198
Prem Sikka @premnsikka.bsky.social · 01/10/2026
UK public sector bodies spent £17bn with offshore-owned private equity firms last year. The same vultures received £31bn public sector contracts. Profiteering, low wages, tax dodging, asset-stripping is their business model. Enriched by public money. How many have politicians on payroll?
gmb.org.uk
£17 billion taxpayer cash went to offshore private equity last year
We need to buy British, GMB tells Labour conference
27577327
Prem Sikka @premnsikka.bsky.social · 01/10/2026
Super-rich UK energy/food magnates’ wealth skyrockets amid global crises Working-class face soaring prices, worsening climate impacts. Billionaires owning food/energy companies profit from hardship The same class funds political parties, uses tax havens, preaches low wages to workers.
theguardian.com
Super-rich UK energy and food magnates’ wealth skyrockets amid global crises
Analysis has shown the costs of daily essentials soaring in recent years, thanks in part to climate shocks, wars and geopolitical tensions
13356180
Prem Sikka @premnsikka.bsky.social · 01/10/2026
9 years after Grenfell fire killed 72 people, Police pass files to the Crown Prosecution Service for possible charges against 54 individuals and 20 companies. How many will be prosecuted? Years of litigation will follow. Justice delayed is justice denied.
bbc.co.uk
Met Police submits Grenfell Tower fire investigation files to CPS
The force is seeking charges against 54 individuals and 20 companies over the 2017 tower block fire.
26482200
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Comparison of state pension in G7 shows that the UK state pension is the least generous. Countries have wide variance in how retirement incomes are funded and how returns are calculated. Purists might want more nuanced data but this is what we have. www.independent.co.uk/news/uk/home...
9201109
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Burnham could change tax relief on pension contributions for his projects. Gross tax relief in 2024-2025 was £83.9bn. 71% went to 7.7m additional & higher rate taxpayers. 29% to 30.4m basic rate taxpayers. Giving relief to all at 20% leaves £14.5bn spare for social care. But equality/equity?
9266118
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Richest 1% of Britons owns more wealth than the bottom 70% of the population combined. 50 richest families hold more wealth than the poorest half of the population combined. The concentration of wealth in fewer hands has not provided the necessary economic stimulus. Need redistribution.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
981881703
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 30/09/2026
UK household energy bills forecast to rise 16%, or £276, in January. Household energy debt expected to hit £7bn soon. Heating v Eating dilemma. 120,000 a year die in poverty. Companies profiteer, fuelling costs, inflation, poverty. Public ownership gives govt more policy options.
bbc.co.uk
Household energy bills forecast to see biggest rise in four years
A typical household faces an annual gas and electricity bill of £1,999 from January, based on a key forecast.
19290155
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Deloitte paid its UK-based partners £1.125m. Firm has 784 equity partners. Due to self-employed status of partners, employer national insurance (ENI) is not paid on profits shared. 150,000 ENI avoided on every £1m of profits shared. Billions lost across the country. Must end this privilege.
cityam.com
Deloitte UK advisory arm rebounds to growth as new boss insists AI 'can’t replace lived experience'
Big Four giant Deloitte's new UK boss, Darren Graves, insisted AI “can’t replace lived experience” as the firm's advisory arms return to growth.
18580258
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Comparison of state pension in G7 shows that the UK state pension is the least generous. Countries have wide variance in how retirement incomes are funded and how returns are calculated. Purists might want more nuanced data but this is what we have. www.independent.co.uk/news/uk/home...
9201109
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Richest 1% of Britons owns more wealth than the bottom 70% of the population combined. 50 richest families hold more wealth than the poorest half of the population combined. The concentration of wealth in fewer hands has not provided the necessary economic stimulus. Need redistribution.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
981881703
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Burnham could change tax relief on pension contributions for his projects. Gross tax relief in 2024-2025 was £83.9bn. 71% went to 7.7m additional & higher rate taxpayers. 29% to 30.4m basic rate taxpayers. Giving relief to all at 20% leaves £14.5bn spare for social care. But equality/equity?
9266118
Prem Sikka @premnsikka.bsky.social · 30/09/2026
UK household energy bills forecast to rise 16%, or £276, in January. Household energy debt expected to hit £7bn soon. Heating v Eating dilemma. 120,000 a year die in poverty. Companies profiteer, fuelling costs, inflation, poverty. Public ownership gives govt more policy options.
bbc.co.uk
Household energy bills forecast to see biggest rise in four years
A typical household faces an annual gas and electricity bill of £1,999 from January, based on a key forecast.
19290155
Prem Sikka @premnsikka.bsky.social · 30/09/2026
Deloitte paid its UK-based partners £1.125m. Firm has 784 equity partners. Due to self-employed status of partners, employer national insurance (ENI) is not paid on profits shared. 150,000 ENI avoided on every £1m of profits shared. Billions lost across the country. Must end this privilege.
cityam.com
Deloitte UK advisory arm rebounds to growth as new boss insists AI 'can’t replace lived experience'
Big Four giant Deloitte's new UK boss, Darren Graves, insisted AI “can’t replace lived experience” as the firm's advisory arms return to growth.
18580258
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 29/09/2026
Andy Burnham announces end of triple-lock on the state pension from 2030. It will be replaced by double-lock, slower growth in state pension. Full state pension is already less than 50%of the minimum wage. Poverty awaits future retirees. £500bn of taxes not collected by HMRC since 2010.
55455264
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 29/09/2026
In 2021, UK income tax personal allowance frozen at £12,570, 26.6m paid income tax at the basic rate of 20%. 2026-27: 31.4m liable to pay income tax at 20%. In 2021, 6.47m pensioners paid income tax. 2026-27: 9.58m pensioners liable to income tax. Govt must relieve poverty. End stealth tax.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
14234106
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 29/09/2026
Warning more homes will be uninsurable due to flood risk. 6.3m homes & businesses in England at risk of flooding. 115,000 new homes will be built in flood zones in the next decade People will struggle to sell/insure property. Problems for years to come. Sue builders and planners.
bbc.co.uk
Aviva boss warns more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.
23235117
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 29/09/2026
Schools forced to shut amid burst Thames Water pipe ‘leaking 750 litres a second. TW infrastructure has average age of 79 years. Industry average is 56 years. 40% of TW assets are over 100 years old. Profits siphoned-off, investment neglected, execs rewarded, customers fleeced
theguardian.com
Schools forced to shut amid burst Thames Water pipe ‘leaking 750 litres a second’
Leak causes outages and low pressure in parts of London and Surrey, affecting 6,000 properties and leaving some without water
33430236
Prem Sikka @premnsikka.bsky.social · 29/09/2026
Andy Burnham announces end of triple-lock on the state pension from 2030. It will be replaced by double-lock, slower growth in state pension. Full state pension is already less than 50%of the minimum wage. Poverty awaits future retirees. £500bn of taxes not collected by HMRC since 2010.
55455264
Prem Sikka @premnsikka.bsky.social · 29/09/2026
In 2021, UK income tax personal allowance frozen at £12,570, 26.6m paid income tax at the basic rate of 20%. 2026-27: 31.4m liable to pay income tax at 20%. In 2021, 6.47m pensioners paid income tax. 2026-27: 9.58m pensioners liable to income tax. Govt must relieve poverty. End stealth tax.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
14234106
Prem Sikka @premnsikka.bsky.social · 29/09/2026
Warning more homes will be uninsurable due to flood risk. 6.3m homes & businesses in England at risk of flooding. 115,000 new homes will be built in flood zones in the next decade People will struggle to sell/insure property. Problems for years to come. Sue builders and planners.
bbc.co.uk
Aviva boss warns more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.
23235117
Prem Sikka @premnsikka.bsky.social · 29/09/2026
Schools forced to shut amid burst Thames Water pipe ‘leaking 750 litres a second. TW infrastructure has average age of 79 years. Industry average is 56 years. 40% of TW assets are over 100 years old. Profits siphoned-off, investment neglected, execs rewarded, customers fleeced
theguardian.com
Schools forced to shut amid burst Thames Water pipe ‘leaking 750 litres a second’
Leak causes outages and low pressure in parts of London and Surrey, affecting 6,000 properties and leaving some without water
33430236
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Reform UK's Suella Braverman promises ‘consequences’ if pupils don’t sing Christian hymns. That would be policed. So what happens to atheists, agnostics, non-believers and other religious denominations. Will they be persecuted, imprisoned? Reform UK getting desperate and bizarre.
humanists.uk
Reform UK Braverman promises 'consequences' if pupils don't sing hymns
Reform UK has said schools will face ‘consequences’ if they fail to make pupils regularly sing hymns and the national anthem under a Reform government. The party’s education spokesperson, Suella Brave...
182719256
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Swiss private equity firm and UK investor buy 1,570-bed student accommodation. Another sector taken over by PE, loaded with debt, high rents, profiteering. Rents outstrip govt maintenance loans. No UK tax charged on dividends paid to foreign investors.
living.insidehousing.co.uk
Swiss private equity firm and UK investor buy 1,570-bed student housing portfolio
A Swiss private equity firm and UK investor have bought a 1,570-bed student housing portfolio for £165m.
31404231
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Thames Water: Andy Burnham should nationalise this failed monopoly. The entire water industry has failed. Must be nationalised. It is similar story in the energy sector. Profiteering, low investment. Privatisation has deepened cost of living crisis.
theguardian.com
The Guardian view on Thames Water: Andy Burnham should nationalise this failed monopoly | Editorial
Editorial: Bill payers should not fund another rescue for financiers of the water industry. Public ownership can end the cycle of extraction and failure
19496189
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 28/09/2026
UK median pay of employee is £31884 a year, net £26476. Working-age adult needs to earn £31500 to reach minimum income standard . Lone parent with 2 children needs £67600. Couple with 2 children needs £77400. Can't get growth without redistribution. Chancellor must cut tax on the poorest 50%.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
14301109
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Houses can be built on floodplains despite failing safety test, says UK high court. Profitable for developers, misery for buyers/residents. Problems with insurance, reselling, quality of life. Too many defective homes built. Get a private survey before buying a new home. Must change laws.
theguardian.com
Houses can be built on floodplains despite failing safety test, says high court
Decision to allow 190 controversial new homes in north Somerset sparks campaign for change in the law
35298130
Reposted by Prem Sikka
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Business groups urge John Healey to show restraint on raising UK’s minimum wage. They claim lifting people out of poverty is inflationary. Can't recall millionaires restraining on profiteering, exec pay, dividends, share buybacks. Have they tried living on minimum wage? archive.ph/h0pVc
ft.com
Business groups urge John Healey to show restraint on raising UK’s minimum wage
Companies warn that a steep rise in labour costs will fuel inflation and cut jobs for young people
45613226
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Reform UK's Suella Braverman promises ‘consequences’ if pupils don’t sing Christian hymns. That would be policed. So what happens to atheists, agnostics, non-believers and other religious denominations. Will they be persecuted, imprisoned? Reform UK getting desperate and bizarre.
humanists.uk
Reform UK Braverman promises 'consequences' if pupils don't sing hymns
Reform UK has said schools will face ‘consequences’ if they fail to make pupils regularly sing hymns and the national anthem under a Reform government. The party’s education spokesperson, Suella Brave...
182719256
Prem Sikka @premnsikka.bsky.social · 28/09/2026
UK median pay of employee is £31884 a year, net £26476. Working-age adult needs to earn £31500 to reach minimum income standard . Lone parent with 2 children needs £67600. Couple with 2 children needs £77400. Can't get growth without redistribution. Chancellor must cut tax on the poorest 50%.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
14301109
Prem Sikka @premnsikka.bsky.social · 28/09/2026
Swiss private equity firm and UK investor buy 1,570-bed student accommodation. Another sector taken over by PE, loaded with debt, high rents, profiteering. Rents outstrip govt maintenance loans. No UK tax charged on dividends paid to foreign investors.
living.insidehousing.co.uk
Swiss private equity firm and UK investor buy 1,570-bed student housing portfolio
A Swiss private equity firm and UK investor have bought a 1,570-bed student housing portfolio for £165m.
31404231