A visitor rides the Skyslide on the 69th and 70th floors of the US Bank Tower in Los Angeles. (Photo: Lucy Nicholson / Reuters)

There are some weeks when finding interesting news stories for The Weekly can be a challenge. This is definitely not one of them! The only question is what to focus on? The continued fall-out from the Referendum is an obvious one, as is Nigel Farage's outrageous speech in the European Parliament. “None of you have ever done a proper job in your lives" is an unusual start to negotiations, after all. But how about how the UK's leading politicians have finally confirmed what we probably knew already, that they are hard to admire and impossible to trust. Labour has descended further into chaos with resignations and growing uncertainty over a potential leadership contest. The Conservatives have had the apparent knifing of Boris Johnson by Michael Gove, who, in the blink of an eye, then decided that he wanted to be Prime Minister. This from the man who has repeatedly refuted any such ambition, stating only three weeks ago that 'there are lots of talented people who could be PM…but count me out.’ What should we believe anymore? The UK needs a functioning Government and an effective Opposition to contend with the myriad of challenges that lie ahead. 
 
So with over a week now passed since the Referendum result, are we any clearer as to what this means for the UK property industry? Probably not if the truth be told. 10 Year Government bonds have fallen to a record low (0.78%) and an interest rate cut is now expected in August, both making property increasingly attractive in comparison to the other asset classes. Remaining positive, international investors are already eyeing up opportunities here to capitalise on the cheap pound whilst UK buyers are looking to identify which sectors might actually benefit from the Brexit decision. But on the negative side, a number of investment deals have fallen out of bed or been put on ice as investors take stock, shares in listed property companies with exposure to the London office market have taken a battering, and a number of open-ended property retail funds have already cut their prices citing less conviction with current valuations. More outflows are expected in the coming weeks and some valuers are now having to provide updates on a weekly instead of a monthly basis. Uncertainty will inevitably bring opportunities. But who will be brave enough to take them?
 
If there was ever a chance for The Weekly to lambast the English national football team then this is it. Their 'performance' on Monday evening in their embarrassing 2-1 defeat to a supermarket (Iceland) proves just what a sorry state our national game is in. We would have probably forgiven them had they gone out on penalties to Germany in the semi-final. We have got accustomed to that after all. But to be out-fought and out-thought by a country whose manager is a part-time dentist, which doesn't have a professional football league and where there are more volcanoes than professional players is nothing short of a disgrace. Euro-2016’s best paid coach, Roy Hodgson, resigned immediately after the match and quite rightly so. In the press conference he attended on Tuesday he said that 'he didn't know what he was doing there'. Given he clearly didn’t know what he was doing on a football pitch either, you would normally safely assume that his prospects of finding future employment in the short-term would be slim. But this is football, the sport which appears to reward failure. So expect Roy to be managing again well before Christmas, trying to prove he's not a footballing dinosaur whose career in any other industry would safely be extinct.

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