UK coronavirus: Government warns Brits not to move house March 27, 2020 The government has told people not to move house amid the UK coronavirus crisis as the housing market enters a standstill. Last night the government said: “We urge parties involved in home moving to adapt and be flexible to alter their usual processes. “There is no need to pull out of transactions, but we all [...]
House prices rise but annual growth slows to 7.6 per cent as ‘steadier period’ predicted August 6, 2021 Houses prices rose again in July but slower annual growth suggests the market may be ‘cooling’, according to Halifax House Price Index data published today. The average cost of a property in the UK is now £261,221, up 0.4 per cent from June, adding £1,122 to the price of an average house. Annual growth fell [...]
UK consumer confidence falls into negative territory for first time since 2020 September 15, 2022 Confidence among UK consumers has fallen into negative territory for the first time since June 2020, according to a survey. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (Cebr) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages of the pandemic. [...]
Thousands more homeowners to be refunded after ground rents doubled August 24, 2022 Press Association Thousands more homeowners who paid a doubled ground rent on their property will receive a refund after the competition watchdog cracked down on “unfair” leasehold practices. More than 5,000 households in the UK will be compensated after being caught in contracts that saw their ground rents double in price every 10 years. Many [...]
Government dinner: Capital’s leaders call for end of “anti-London” rhetoric in keynote speeches May 31, 2022 London’s most high-profile leaders last night called for a reset of relations with central government in speeches at the Mansion House. The City’s elected chief – the Lord Mayor of London Vincent Keavney – told business and political leaders at the London Government Dinner that the words “metropolitan” and “London” have been used “as though [...]
Brexit: EU finance lobby calls for extension to UK clearing house access : CityAM September 16, 2021 A trio of major lobby groups for Europe’s financial services sector have called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to the European Commission today, warning “there is a significant risk of market disruption for EU clearing members and their clients” if the [...]
North Sea body backs easing climate rules for oil and gas amid green fury September 27, 2022 Offshore Energies UK has supported the scrapping of scope three emissions requirements for new oil and gas exploration.
Building Riverside Studios from Scratch: An Epic Journey in Creativity, Laughter, and Heartfelt Stories in Just One Year August 23, 2023 In the heart of the bustling city at City AM’s HQ on the riverfront, where dreams are spun, I embarked on a journey that was equal parts comedy and triumph. Riverside Studios, a dream brought to life from scratch, became not just a studio, but a testament to the power of perseverance and the thrill [...]
Polestar 5: new electric Porsche-rival is being developed in Britain February 21, 2022 Polestar has a new R&D division in Coventry to mastermind its EVs, starting with the Polestar 5 – a competitor for the Porsche Taycan.
Londoners most at risk of being among the 350,000 UK borrowers who will struggle to repay their mortgage, regulator warns March 10, 2023 An extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000 mortgage borrowers could become financially stretched by the end of June 2024, [...]