Alcohol industries call for duty freezes in Autumn Statement to distill Brexit fears November 18, 2016 The beer and spirit industries are hopeful for another year of duty freezes, while the wine sector looks for a levelled playing field ahead of Philip Hammond’s Autumn Statement. Earlier this year, George Osborne froze the duty rates on beer, spirits and most ciders, but most wines and higher strength sparkling cider were set to go up, [...]
Meet the man making 10,000 luxury watches a year in Britain February 20, 2017 It takes two years to make a Bremont watch. It takes seven years to train the person who makes it. “We tend to mop up the area when we hire,” says Giles English, one half of the fraternal founders of Bremont, the luxury watch company. “We can’t just rock up and ask for a watchmaker [...]
London housing crisis may be fuelled by long-term Airbnb letting, landlords body suggests September 2, 2016 London's housing shortage is being fuelled by a rise in long-term letting via sites such as Airbnb, a new report has suggested. Airbnb has hit back at the research, describing it as "misleading". The Residential Landlords Association (RLA) research in June found that 61 per cent of entire homes and apartments listed on Airbnb are available [...]
New architecture tour of the National Theatre celebrates 40 years of Brutalism on the banks of the Thames November 17, 2016 “This is a public building, so you’re welcome to come up whenever you’re passing,” is the repeated refrain of our tour guide for the evening at the National Theatre. And it’s worth repeating as it’s a fact we often forget about many of London’s most famous landmarks. We’re uncommonly lucky to live in a city [...]
Spectre and the Rugby World Cup boost leisure spending in Britain to £5.4bn in October November 25, 2015 British households spent an average of £206 each on leisure activities in October, up nine per cent, or £18, from this time last year, but down one per cent from September 2015. That equates to a total spend on leisure activities of £5.4bn in Britain last month. Wetter weather in October held back monthly spending slightly, although [...]
Blockchain chief executive Peter Smith talks smart contracts, homelessness and starting the world’s largest bitcoin wallet December 12, 2016 When I speak to Peter Smith, he is mid-juggling three events in as many days: a board meeting, moving his entire London team to new offices, and the office Christmas party. “We haven’t even had the office opening yet, but it’s all been fine,” he reflects. The first of these requires a day trip to [...]
Optimism is a precious commodity October 31, 2016 It’s been a tough few years for the mining industry but the future is promising, says Jeffrey Couch. London is currently hosting much of the world’s metals community at LME Week, the industry’s most important gathering. This year’s event comes against a backdrop of significant change, whether at a global economic and geopolitical level or [...]
Sterling soars as UK inflation hits 20-month high after Brexit vote August 16, 2016 The pound has jumped this morning after figures showed prices in the UK are rising at their fastest rate since the end of 2014. Inflation came in at 0.6 per cent in July on the consumer prices index (CPI), ahead of expectations and up from a rate of 0.5 per cent in June. Sterling charged [...]
Retail and manufacturing slowdown hits the logistics industry June 7, 2016 Logistics firms are being squeezed by a higher cost of doing business and increasing pressure from struggling retailers and manufacturers, according to a new report. Barclays found 49 per cent of businesses said trading conditions had become more difficult over the last six months, as its measure of confidence hit its lowest level since the [...]
Trump follies should make Britain count its Brexit blessings October 10, 2016 Investors can breathe a sigh of relief that the biggest Black Swan is treading water. Thanks to one lewd recording – dating back a decade – Donald J Trump’s race to the White House could be in serious jeopardy. The diminishing chances of a Trump presidency have put Europe back in the market’s crosshairs, as [...]