Black Friday will have a black mark to its name if it ignores the climate question November 24, 2022 If you are walking past a colleague’s desk tomorrow, and their screen is full, not of the task due yesterday, but of Black Friday sales, they are one of the 76 per cent of customers hunting for discount deals. For some, the day of mega sales can be traced back to a Wall Street stock [...]
Exclusive: Millions of London tenants should brace themselves for rent increase of £1,000+ this year April 27, 2022 Millions of Londoners who currently rent in the capital face an increase in their housing costs of more than £1k this year. As energy bills climb and the cost of living crisis rages, London remains by far the least affordable region of the UK rental market, with the average tenant currently paying £21,140 per year. [...]
House prices: Zoopla says UK property market is off to ‘slow burn start’ with London flats in most demand January 30, 2023 The housing market in the UK has got off to a slow in 2023 with demand for cheaper, smaller properties on the rise as recession fears continue to wobble the market, according to estate agent Zoopla. Zoopla’s house price index appeared to show that buyers were holding off from entering the market and were biding [...]
Brexit: UK lays foundation to scrap hundreds of EU financial services rules July 20, 2022 Ministers have today tabled landmark post-Brexit legislation in parliament that will lay the foundation to scrap hundreds of retained EU rules on financial services. The long-awaited Financial Services and Markets Bill sets up a mechanism to bin EU financial services regulations one-at-a-time and either replace them with completely new rules or with none at all. [...]
Cost of living crunch to derail UK economy in bruising day for living standards February 3, 2022 A double whammy of bad news today laid bare the scale of the blow the cost of living crisis will deal the British economic recovery, with the energy price cap set to spike by 54 per cent and GDP forecasts slashed by the Bank of England. Ratesetters at Threadneedle Street hiked the interest rate to [...]
Deliveroo hits the streets with West End grocery store October 3, 2022 Online delivery app Deliveroo has opened the doors of its first brick and mortar grocery store on New Oxford St. Shoppers will be able to order groceries through digital kiosks, via the Deliveroo app for collection or home delivery. The Deliveroo HOP shop will be open from 8am to 11pm. The range of 1,750 products [...]
Number of takeovers and mergers halved in 2022 but ‘bargain basement prices’ to turn tide in 2023 December 27, 2022 The number of big takeovers and mergers involving UK-listed companies nearly halved this year as investors were deterred by market volatility, political instability and recession fears. But the tide is set to turn in 2023, with buyers eyeing up quality British companies trading at “bargain prices”, experts said. There were 49 bids for London-listed firms [...]
UK mortgage debt swells to £7bn as interest rates rise May 4, 2022 Mortgage debt swelled in March, according to Bank of England data, with net borrowing climbing from £4.6bn to £7bn in March as interest rates rise. House purchase mortgage approvals slipped to 70.7k in March from 71.0k in February, slightly ahead of consensus but moving towards their 2015 to 2019 average of 66.5k – which analysts [...]
Britain needs to run in circles, especially when we buy new clothes and other goods January 23, 2023 It might not make a dent in the cost-of-living crisis, but soon people will be able to get a small cash sum for every plastic bottle they recycle. The scheme, lauded by environmental campaigners, was finally approved last Friday. A rare slice of positive news, however, was overshadowed by a familiar problem in this Broken [...]
Boris Johnson pockets £150k in 30 mins as former PM skips crucial Commons vote to jet off to Colorado October 13, 2022 Former prime minister Boris Johnson touched down in the USA on Tuesday as the ex-Tory leader gave a speech to an insurance industry group on Tuesday afternoon, thereby reportedly collecting around £150,000 for a 30 mins speech. Johnson addressed conference delegates in Colorado Springs, roughly at the same time while the House of Commons was [...]