London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
London house prices fall but still almost double national average according to Halifax property index March 7, 2023 London house prices have fallen by almost one per cent from January, but property in the capital still costs £240,000 more than the national average. Halifax’s latest house price index for February showed the rate of annual national growth slowed across the UK, with the average property now sitting at £285,476. In the capital however, [...]
Coronavirus: Calls for price controls dismissed as ‘economically illiterate’ April 10, 2020 Economists have hit back at Which? after the consumer watchdog said that the government should enforce price controls on certain items to prevent so-called “price gouging” during the coronavirus pandemic. The calls came after the consumer group said it had found that items such as handwash, cleaning products, and baby formula were selling at vastly [...]
Business travel rebound at risk as travel chaos plays out on our screens June 16, 2022 Stephen Hammond is the Conservative MP for Wimbledon and the chair of the all party parliamentary group on business travel The pandemic had a dramatic impact on aviation. Airports closed their doors. Airlines went bust. Staff were let go. Britain was well and truly grounded. Fast forward to this Easter, and the situation couldn’t be [...]
Shapps echoes Sunak saying Christmas gifts will be available October 16, 2021 Transport secretary Grant Shapps has echoed Chancellor Rishi Sunak and said that Christmas gifts will be available despite the backlogs witnessed at UK ports. “People will be able to get things for Christmas,” he told Sky News. “When I talk to the ports they said it is a busy picture, but if you compared us [...]
London Stock Exchange boss Julia Hoggett: We’ll fight for everything September 4, 2023 The London Stock Exchange has had a tough couple of years. The bourse's boss Julia Hoggett reckons she can turn it around.
Accès interdit: France introduces tougher restrictions for UK travellers December 16, 2021 The French Government has toughened restrictions for UK travellers. The Prime Minister’s office has announced that from 12am Saturday (CET) all those travelling from the UK will be required to show a negative Covid test – either PCR or antigen – taken less than 24 hours, as opposed to the current time of 48 hours. [...]
Messages from central bankers suggest persistent inflation concerns are rising September 29, 2021 European markets had a poor day yesterday, all of them down over 2 per cent, with the notable exception of the FTSE100 which was helped in no small part by its hefty energy component, and a sinking pound, which helped to keep it above the 7,000 level. “Once again it is fears about surging energy [...]
Drinks sales boosted by office return as bars slowly recover from Omicron hit February 3, 2022 Drinks sold at pubs and bars in Britain edged closer to pre-pandemic levels, in levels not seen since last November. Average drinks sales by value in managed pubs, bars and restaurants for the week to Saturday 29 January were eight per cent below the same period in 2020. This was the first time the weekly [...]
UK firms slash borrowing to reduce swelling debt burden December 13, 2021 British businesses are set to slash borrowing this year as firms repay debt to repair the damage inflicted on them by the Covid-19 crisis, according to a new report released today. A return to normal patterns of economic activity after the disruption caused by the pandemic will drive a sharp pull back in business borrowing, [...]