UK house prices: Growth hits seven-year low as London house prices plunge amid Brexit uncertainty April 17, 2019 UK house prices grew at their slowest rate in seven years early in 2019 as London house prices plunged, according to data published today. Read more: London house prices: How Brexit has hit prices in your borough UK properties only grew by 0.6 per cent in February compared to the same month last year, the [...]
SMMT: New UK car sales rise 11 per cent post-lockdown August 5, 2020 New UK car sales rose for the first time this year in July as dealerships enjoyed their first full month of trading since reopening after lockdown. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), registrations rose 11.3 per cent last month as pent-up demand and special offers tempted consumers to [...]
House prices return to pre-financial crisis levels February 26, 2020 House prices across English cities have risen above pre-Financial Crisis peaks for the first time since 2007, the latest research has found. Property in Central London recovered to pre-crisis levels in just 2.3 years, the fastest of all UK cities, as overseas buyers entered the market attracted by a weaker pound. Oxford and Cambridge followed [...]
London house prices: Mayor of London Sadiq Khan invests £25m in Pocket Living to build homes for first-time buyers August 15, 2017 Mayor of London Sadiq Khan is investing £25m into Pocket Living, a developer which uses modular construction to build affordable homes. The investment will help Pocket create 1,059 new one- and two-bed flats for first-time buyers. It sells its homes at 20 per cent below the market rate to first-time buyers living in the borough. [...]
Inside Zenvo: the supercar company from Denmark December 29, 2020 If you have seven figures to spare, Zenvo will hand-build you a hypercar that makes Ferraris and Lamborghinis seem ordinary.
Your road map to the Isa universe: Make the most of your tax-free allowance March 10, 2020 There are just 27 days to go before the tax year ends on 5 April. For savers and investors, that means there are only a few weeks left to make use of their Individual Savings Account (Isa) allowance. Introduced in 1999, Isas allow people to invest up to £20,000 into savings each tax year, and [...]
Profits plunge at retirement housebuilder McCarthy & Stone April 10, 2019 Retirement housebuilder McCarthy & Stone’s profits decreased by two-thirds in the first half of 2019 as it undertook a strategic shift to deal with a weak second-hand housing market. Read more: UK house prices drop in March after shock rise, says Halifax The company said it had increasingly turned to discounting and other incentives as [...]
Credit card lending fell for the first time in March May 1, 2020 UK consumers’ credit card debt fell for the first time since records began in March, as lockdown measures froze spending. The annual growth rate of credit card lending fell to minus 0.3 per cent, the first negative annual growth since the Bank of England (BoE) started tracking the data. The annual growth rate of other [...]
British Steel deal could fall through as Chinese buyer Jingye ‘falters’ December 15, 2019 The takeover of British Steel by Chinese giant Jingye is said to be in jeopardy, as the government lines up alternative buyers. If the talks between the Official Receiver and Jingye collapse, it will be the second time the government’s chosen buyer for the stricken firm falls through. Read more: Jingye Group promises to save thousands [...]
UK house prices: Brexit clouds lift, but coronavirus threat looms March 6, 2020 UK house prices rose 2.8 per cent in February compared to the same month last year, Halifax data showed today. Homes’ values increased 0.3 per cent month on month and 2.9 per cent on a quarterly basis, Halifax’s House Price Index found. That left the average UK house price at £240,677 in February. But while [...]