The UK government on Tuesday said it would ban builders from selling new homes as leasehold and was considering cutting ground rents to zero to curb a growing national scandal that has seen new property buyers exploited.
Markets in Asia were mostly lower on Tuesday after a mixed session in the US overnight, as traders looked towards the upcoming Federal Open Market Committee meeting for cues as to the direction the US central bank is heading.
UK industrial production in recent months increased at the fastest pace since the mid 1990s, the CBI has found, although its headline balance of total orders was lower than forecast.
London stocks were set for a weaker open on Monday ahead of a busy week of earnings, as investors digested news that the International Monetary Fund has cut its forecasts for UK and US economic growth this year.
London's share indices remained in the red by midday on Monday, with the pound on the up and ahead of the busiest week of the UK results season.
London stocks pushed higher in early trade on Tuesday as investors sifted through some corporate news and looked ahead to the start of the Federal Reserve's two-day policy meeting.
UK trade representatives have arrived in Washington in order to discuss a post-Brexit trade deal with their US counterparts.
London stocks were set for a firmer open on Tuesday, recovering from the previous session's losses as investors eyed the start of the Federal Reserve's two-day policy meeting.
The International Monetary Fund has cut its growth forecast for the UK and US economies after soft performances in the first quarter of the year.
Markets in Asia were mixed on Monday, as traders turned their attention to the upcoming two-day policy meeting of the Federal Reserve in the US.