Britain is now being taxed so much that the pips are squeaking February 6, 2014 BRITAIN has become dangerously reliant on a small-number of highly paid and wealthy individuals for its tax receipts. If these people decide to leave the UK, or for some reason suddenly earn or spend less money, the public finances would suffer disproportionately. That is one of the conclusions I draw from a fascinating report published [...]
Britain is now being taxed so much that the pips are squeaking February 5, 2014 BRITAIN has become dangerously reliant on a small-number of highly paid and wealthy individuals for its tax receipts. If these people decide to leave the UK, or for some reason suddenly earn or spend less money, the public finances would suffer disproportionately. That is one of the conclusions I draw from a fascinating report published [...]
Everything revealed in the Budget March 19, 2014 Apparently this a budget for makers, doers, and savers. But enough of the buzzwords, onto the substance. GrowthThe UK grew by three times as much as the OBR predicted at the budget last year. Now the OBR has revised its growth forecasts up. 2014 should see growth of 2.7 per cent, up from the 2.4 [...]
City Moves for 11 February 2014 | Who’s switching jobs February 10, 2014 IFDS The outsourcing and technology firm has appointed Simon Moorhead as global chief information officer. He joins from the Bank of England, where he was chief information officer. Moorhead has also held roles at Reuters, Ernst & Young, Cap Gemini and HSBC. Coutts Arne Hassel has been appointed head of investments at the private bank. [...]
Canary Wharf sets its sights on becoming residential landlord July 24, 2014 The boss of Canary Wharf Group said yesterday that government attempts to pour cold water on the housing market would do little to ease the UK’s housing crisis as the group prepares to make a push into residential. Sir George Iacobescu said that while the Bank of England had “tightened the screws on finance…it doesn’t [...]
Gerald Ronson sells Heron Plaza site to Singapore’s UOL for £97m August 13, 2014 SINGAPOREAN property group UOL has made its first foray into Europe after buying Gerald Ronson’s Heron Plaza development site in the City for £93m. The property tycoon won planning consent in 2011 to build a 43-storey Four Seasons hotel and residential complex next to the Heron Tower on Bishopsgate. His firm Heron International was originally [...]
Chinese services PMI at its lowest since records began August 5, 2014 The Chinese services purchasing managers' index came in at 50.0 for July, its lowest reading since data collation began in November 2005. According to research by HSBC and Markit, the sector was stagnant as a result of slowing market conditions in the property sector. Any reading above 50.0 indicates growth, and this is the first [...]
London’s empire state of mind: New York warehouse conversion inspiration comes to Islington, Clapham, Stratford and Wapping October 30, 2014 Globalisation, it seems, is not only changing our work, life and shopping habits, it’s also changing our living arrangements. Industrial warehouse conversions, originally found in the meat-packing districts of New York, have crossed the Atlantic and found a new popularity on our shores. Old textile factories in north east London in particular have become [...]
CNBC Comment: Why Germany risks a property bubble August 18, 2014 HEAR the words “London property”, and “bubble” is rarely far behind. House prices in the capital rose by 20 per cent in the year to May – although last week’s Rics indicator showed that the market is now pausing for breath, as it responds to warnings over tougher mortgage standards and the expectation of higher [...]
Cost of a London home climbs to over £400,000 January 29, 2014 THE AVERAGE price of a London home broke through the £400,000 mark at the end of last year according to official figures published yesterday, while prices across the country continued to grow this month. Two separate surveys – released by the Land Registry and Nationwide – told a familiar story for the residential property market, with [...]