Government moves to ban controversial ‘no-fault’ evictions April 15, 2019 The government will ban landlords from evicting tenants at short notice without providing a reason, it announced today, as it continues its shake-up of the private rental sector. Read more: Private Rented Sector investment to hit £75bn by 2025 The move was applauded by campaign groups for giving renters security and a ban has cross-party support, but landlords [...]
The new 26-30 railcards have saved millennials over £3.4m since they launched in January February 5, 2019 Cash-strapped millennials have saved over £3.4m since the hotly anticipated 26-30 railcard launched at the beginning of this year. Between 2 January and 2 February this year, 440,863 journeys were made with the railcard, producing savings of £3,421,028. If this trajectory continues, customers will save on average a total of £281 a year. The 26-30 railcard, [...]
Waitrose and Morrisons to crack down on plastics in recycling boom January 28, 2019 Two of the UK’s largest food retailers, Morrisons and Waitrose & Partners, will today announce new measures to tackle high quantities of plastic pollution and waste both within stores and nationwide. Waitrose has established a £1m grant fund, raised through 5p carrier bag sales, for organisations pursuing projects designed to reduce unnecessary plastic waste and [...]
UK house prices suffered their biggest drop month-on-month since 2012 in August August 31, 2018 In August UK house prices suffered their greatest month-on-month fall since July 2012, according to new data released today. Building society Nationwide's house price index showed prices fell by half a per cent in August, as annual house price growth slowed to two per cent. The average price of a house slipped to £214,745 in [...]
House sales fell in 85 per cent of London boroughs in 2018 January 11, 2019 House sales slumped in 85 per cent of London boroughs in 2018 amid a difficult time for the UK’s property market, new data revealed today. London fared worse than the rest of the country in terms of the number of transactions, with a 6.5 per cent overall year-on-year drop compared to a 4.9 per cent fall [...]
London startup backed by the Mayor and National Grid launches embedded car charging points January 29, 2019 Connected Kerb has today launched its first series of electric car charging points fully embedded into the road's curbside. Built into Borough Road in Southwark, the launch was supported by Southwark Council, Virgin Media and National Grid. The move comes after the London startup won the Mayor's Award for Urban Innovation last year. Users of electric cars [...]
Sadiq Khan to warn that leaving the single market will damage London ‘for decades to come’ February 13, 2019 London mayor Sadiq Khan will today warn that leaving the single market will damage London and the UK “for decades to come” as the exit date for leaving the bloc draws ever closer. Khan, a staunch Remainer, will say that leaving the single market and customs union would lead to a “lost decade” in which 87,000 [...]
City Moves for 19 February – who’s switching jobs at Deloitte, Personal Group and BNP Paribas? February 19, 2019 Who’s on the move today? Deloitte Deloitte has appointed Chris Bostock as a director in its financial crime practice. With over 15 years’ experience, he joins from the economic crime team at the National Crime Agency (NCA) where he was the threat lead for money laundering. He led the joint money laundering intelligence taskforce, a [...]
Ground to a halt: Climate change protesters smash windows at Shell’s London HQ as blockades continue April 15, 2019 Climate change protesters have attacked the London base of Shell, smashing doors and defacing the property as thousands of activists took to the streets in central London today. Read more: The cheek of it: Climate activists strip off in parliament Demonstrators graffitied the oil giant’s headquarters near Waterloo and several appeared to have glued their [...]
UK betting stocks hit after US Justice Department makes online gambling U-turn January 15, 2019 UK betting stocks have fallen sharply after the US justice department performed a U-turn on its opinion of online gambling laws. The US Department of Justice (DOJ) has reversed its December 2011 opinion that the 1961 Wire Act, banning certain forms of betting across state borders, only applied to online sports betting. UK firms which have [...]