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Housing market in the East of England picking up after Brexit

House prices are rising again following a dip after Brexit. Credit: ITV News Anglia

The housing market's expected to pick up again across the east following a dip after Brexit.

The Royal Institute of Chartered Surveyors says house prices will increase by 3.3% per year on average for the next five years.

This marks the most confident prediction given in the survey since the referendum vote, although not as strong as predictions made closer to the start of the year, when surveyors predicted annual price growth of more than 4%.

East Anglia has seen the strongest growth in the UK with 30 % of surveyors reporting price rises.

"There are clear signs that the housing market is settling down after the initial surprise of the outcome to the EU referendum. Buyer enquiries did dip again in August but only modestly, and more significantly, sales expectations are beginning to edge upwards once again."

– Simon Rubinsohn, Rics chief economist

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Third of families in the East only one paycheque away from losing their home

The study found that many families in the East have no personal savings. Credit: ITV Anglia

One in three working families in East Anglia would not be able to pay their rent or mortgage for more than a month if they lost their job.

That's according to a study by the housing charity Shelter. The study also showed that most have little or no personal savings.

Bankers get £206 million from takeover of Cambridge firm

Technology firm Arm has been taken over. Credit: ITV News Anglia

Bankers are to celebrate a bumper pay day worth £206 million from the takeover of Cambridge technology firm Arm.

Documents released today (August 3) show that financial advisors like Goldman Sachs and Barclays will share the multi-million pound fees as part of the £24 billion deal by Japan's Softbank.

One firm of public relations advisors will get £6 million.

Softbank has pledged to double Arm's 3,000 strong workforce.

Ice bucket challenge to thank for MND breakthrough

Footballers also got involved in raising money for the charity. Credit: Ipswich Town Football Club

The global craze which saw celebrities and millions others doused in ice water to raise money for a Northampton based charity has been credited with funding a scientific breakthrough.

The Motor Neurone Disease association benefitted from some of the 75 million pounds raised through the ice bucket challenge - and now a gene which contributes to the disease has been identified, thanks to research paid for by fundraising.

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Cambridge based technology company set to be sold to Japanese company

A Cambridge based technology firm is likely to be sold to a Japanese company for 24 billion pounds.

ARM Holdings make microchips for various smartphones including those made by Apple and Samsung. SoftBank, who want to take it over, say it'll double the number of staff.

The Prime Minister has welcomed the investment but the local MP is more cautious.

Click below to watch a report by ITV News Anglia's David Wood.

ARM Holdings takeover: Founder says 'It's a sad day for technology in Britain'

Hermann Hauser is the founder of ARM Holdings Credit: Hermann Hauser

The founder of ARM Holdings says the takeover of the Cambridge company by a Japanese firm is a 'sad day for technology in Britain'.

Hermann Hauser says the creation of ARM Holdings has been the 'proudest moment' in his life.

The company makes chips for smartphone brands such as Apple and Samsung and employs 3,000 people in Cambridge at the Science Park.

ARM Holdings, Cambridge Science Park Credit: ITV News Anglia

"ARM has been the proudest achievement in my life and so it's a very sad day for me personally and for technology in Britain."

– Hermann Hauser, ARMS founder

Japanese internet giant SoftBank has said it will double the number of staff in the UK. While the Chancellor of the Exchequer Philip Hammond has welcomed the sale, calling it a 'vote of confidence' in Britain.

But the MP for Cambridge Daniel Zeichner is not convinced, raising concerns about what happens in the long term.

Watch a short clip with Hermann Hauser.

Cambridge MP cautious over ARM Holdings takeover

Daniel Zeichner MP, Cambridge, Labour Credit: ITV News Anglia

A technology company based in Cambridge is being bought by a Japanese firm for more than 23 billion pounds.

ARM Holdings, which makes chips for smartphone brands including Apple and Samsung, employs around 1,200 people in the city.

Its new owners, the Japanese internet giant SoftBank has said it will double the number of UK staff.

The Chancellor of the Exchequer, Philip Hammond, welcomed the sale calling it a "vote of confidence" in Britain.

However, the MP of Cambridge Daniel Zeichner isn't convinced.

ARM Holdings Credit: ITV News Anglia

"Well of course the promises are great, but how are those promises going to be guaranteed? Do we know what will happen in 6 months or a year? Do we know much about SoftBank? And they seem to be making some pretty big deals across the world. This is a Cambridge success story upon which the future of the United Kingdom is probably depends because this is what we're good at."

– Daniel Zeichner MP, Cambridge, Labour

Cambridge tech firm takeover could double UK workforce

The £24bn takeover of Cambridge technology company ARM Holdings could see its UK workforce doubled. Credit: Bay Area News Group/ABACA/PA Images

The £24bn takeover of Cambridge technology company ARM Holdings could see its UK workforce doubled. It employs more than 3,000 people in Cambridgeshire.

The British company is a major presence in mobile procession, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.

The deal has been welcomed by the new Chancellor of the Exchequer Philip Hammond who said it shows that Britain had lost "lost none of its allure to international investors" following Brexit.

The Chancellor Philip Hammond says the deal guarantees to double the number of jobs in the UK. Credit: Andrew Matthews/PA Wire

"This £24 billion investment would be the largest ever from Asia into the UK.

"It would guarantee to double the number of jobs in ARM in the UK over the next five years and turn this great British company into a global phenomenon.

"Britain is open for business - and open to foreign investment. Softbank's decision confirms that Britain remains one of the most attractive destinations globally for investors to create jobs and wealth. And as ARM's founders will testify, this is the greatest place in the world to start and grow a technology business."

– Philip Hammond, Chancellor
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