Post-pandemic rental yields climbing with SE17, NW3 and E7 leading: ‘Naive to think renters would reject London’ May 7, 2022 London rental yields are still on the rise after a temporary pandemic slump, with southern areas providing particularly strong opportunities for buy-to-let landlords. While much of the nation’s property market enjoyed a boom during the pandemic, London’s market was hit by a dip in demand as people prioritised green, open space over urban living. This, [...]
Retail reality check: High Streets have too many shops which cannot all be saved, says retail guru Sir John Timpson May 7, 2022 Retail giant Sir John Timpson said there are too many shops in most towns and there needs to be more variety on the high street. Sir John, the chairman and owner of Timpson, a UK shoe repair chain with over 2,000 outlets, called for more choice in town centres. “We’ve got to look to the [...]
What’s Your ‘Worth It’ Equation When It Comes To Work? May 6, 2022 Depending on how super-organised we are (or how much we really, really love Excel), we’ve all got a list somewhere, either in our heads or in an aforementioned spreadsheet, of the things we want and need when it comes to work. Those can be a competitive salary, flexible working hours that can be a mix [...]
Thanks, Bank of England: Households will pay £858m more in interest after yesterday’s rate rise May 6, 2022 With the Bank of England Monetary Policy Committee confirming yesterday that its base rate will rise by 0.25 per cent to 1 per cent, UK households face an immediate increase in interest payments of around £858m. Analysis of Bank of England data shows UK households are currently paying £18.3bn annually in interest payments on floating rate [...]
UK retail investors hold their nerve despite rising inflation, commodities and Ukraine war raging on May 5, 2022 UK retail investors have remained composed in the face of the Russia-Ukraine conflict, despite significant concerns about future implications of the crisis on the financial markets, international relations, and the environment. Only 14 per cent of investors monitor the conflict between Russia and Ukraine when thinking about their investment strategy. The same number said they [...]
Today’s interest rate hike may hit mortgage holders hard, warns IFS director ahead of BoE announcement May 5, 2022 Paul Johnson, director of the Institute For Fiscal Studies, warned this morning of the impact on people’s mortgages of an expected interest rates hike by the Bank of England on Thursday. “We are still at historically staggeringly low levels of interest rates,” he told Radio 4’s Today programme. “So you look at it that way [...]
Recruiters in overdrive as number of job adverts skyrockets: 1.8m vacancies now up for grabs May 5, 2022 The number of job adverts continues to increase, showing how firms are “eager” to hire new staff, according to data shared with City A.M. this morning. There were 1.8m vacancies advertised in the week to May 1, around 15 per cent more than the same period last month. The Recruitment and Employment Confederation (REC) said [...]
Half of all staff may leave: Apple braces for exodus of workers as return-to-office order does not fly well May 5, 2022 Staff at iPhone and laptop giant Apple are reportedly so unhappy with the company’s return-to-office policy that half of all workers is considering to leave. In March, Apple informed most of its employees they would be expected to return to the office on 11 April, and the company made clear it expects its staff to [...]
Take the Brexit bus: Brits living in Spain no longer allowed to drive after deal collapses May 4, 2022 Tens of thousands of British nationals living in Spain are no longer able to use their current licence as the UK and Spain have failed to reach a post-Brexit deal on the use of British driving licences. From 1 May, British expats in Spain are hit by a driving ban as they are no longer [...]
Revealed: From Ronaldo’s £12m to Lukaku’s £8m, here is how much the Premier League’s best-paid stars stump up in UK tax May 4, 2022 While some might consider Premier League footballers to be overpaid prima donnas, they make contributions that would make the average taxpayer’s eyes water. New research shared with City A.M. today reveals how much tax is paid by the League’s biggest stars. The highest paid footballer in The Premier League is Manchester United striker Cristiano Ronaldo. [...]
