GLA

GLA is an acronym for gross leasable area

Fiscal Tightening

Tightening is a form of monetary policy whereby central banks such as the Bank of England attempt to slow down overheated economic growth, to constrict spending in an economy that is seen to be accelerating too quickly, or to curb inflation when it is rising too fast.

LDI

LDI is an acronym of Liability Driven Investing. The idea is that pension schemes use LDI to match their investments with their long-term pension liabilities. Many went about that by buying leveraged portfolios of government bonds. Famously, in September 2023, the Liz Truss/Kwasi Kwarteng budget crashed the UK government bond market and LDI magnified the […]

Fabry disease

Fabry disease is a rare genetic disorder caused by a defective gene (the GLA gene) in the body. In most cases, the defect in the gene causes a deficient quantity of the enzyme alpha-galactosidase A. This enzyme is necessary for the daily breakdown (metabolism) of a lipid (fatty substance) in the body called globotriaosylceramide abbreviated GL-3 […]

congenital adrenal hyperplasia

congenital adrenal hyperplasia – is a condition present at birth where the adrenal glands are enlarged. The knock-on effects are production of an excess of androgen (male hormones) and problems producing cortisol – this is better explained here

SONIA

SONIA is the abbreviation for the Bank Of England’s Sterling Overnight Index Average and was first introduced in March 1997. SONIA is a widely used interest rate benchmark and the reference rate for sterling Overnight Indexed Swaps (OIS). The Bank of England became its administrator in April 2016, and introduced a series of reforms of the benchmark in April […]

STP

STP is an abbreviation of Sustainability and transformation partnerships. The NHS and local councils have formed partnerships in 44 areas covering all of England, to improve health and care. Each area has developed proposals built around the needs of the whole population in the area, not just those of individual organisations. You can access a […]

Quantitative easing

Quantitative Easing, often abbreviated to QE, is a term used to describe the purchase of debt, usually government debt, by central banks (such as the Bank of England, the European Central Bank (ECB) and the Federal Reserve). The idea is that, buy buying this debt from commercial banks, this frees up the commercial bank’s balance […]

DDA

DDA is an abbreviation for the Disability Discrimination Act. For buildings that are used to provide a service or employment, the Disability Discrimination Act 2005 gives disabled people important rights of access to everyday services. Everyday services include services provided by local councils, doctors’ surgeries, hotels, banks, pubs, theatres, hairdressers, places of worship, courts, voluntary […]

Renewables Obligation Certificates

Renewables Obligation Certificates or ROCs – these are the UK government’s support mechanism for renewable energy projects in the UK (except for small schemes which are supported by Feed-in Tariffs). The scheme started in 2002 in England, Wales and Scotland and 2005 in Northern Ireland. Renewables Obligation Certificates are tradeable. They get awarded to operators of […]

Benchmark

A way of measuring how well the company is doing – benchmarks can be indices (e.g. the FTSE 100 index), a level of return (e.g. the Bank of England base rate) or the performance of other competing companies. Investment Managers often use the Benchmark as a reference point for the amount that they hold in stock in their […]

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GLA