Redrow touts ‘record’ order book as revenue climbs towards pre-Covid levels September 15, 2021 Revenue at housebuilder Redrow has begun climbing towards pre-pandemic levels, as it touts a “record” order book after reinstating a dividend for loyal shareholders. Revenue hit £1.94bn in the year to 27 June, just eight per cent behind 2019, after it soared 45 per cent from 2020’s supressed figure. Profit before tax surged 124 per [...]
London house prices increase 2.2 per cent September 15, 2021 London has marked the lowest annual house prices growth across the UK while UK average prices returned to levels seen earlier this year. Figures from the Office for National Statistics show that average prices in the capital increased by 2.2 per cent over the year to July 2021, down from 5.1 per cent in June. [...]
London Luton summer passenger numbers down two-thirds on 2019 September 14, 2021 Just 1.2m passengers used London Luton airport over the summer months, a fall of two-thirds compared to pre-pandemic levels. As a result of the UK’s ever-changing travel restrictions, the airport said that this was 4.0 per cent than the number in 2020. It called on the government to give the sector more support in order [...]
Home sales drop for second month in a row September 9, 2021 Home sales have fallen for a second month in a row as fewer homeowners are listing their properties for sale. The pace of house price growth is just starting to ease as the government’s stamp duty holiday is tapered out, according to the RICS UK Residential Market Survey for August 2021. New buyer enquiries dropped [...]
Give your business a boost and ‘move on up’ to North East England September 8, 2021 The coronavirus pandemic has seen organisations in all sectors find new, innovative ways of working. From remote and hybrid offices, to the adoption of new digital technologies like video conferencing and cloud computing; the pace of change has been unprecedented. Another significant trend – one that was well established before the pandemic but has continued [...]
London’s rental crash bottoms out as landlords see first signs of recovery September 8, 2021 The decline in London’s residential rent market appears to have bottomed out, with the latest average rent figures suggesting a return to positive territory in the near future. The average London rent was tracking as low as -9.4 per cent year-on-year in January, but that figure has now recovered to just -3.8 per cent. And [...]
Could you have lost out on a job because of your politics? Almost definitely September 8, 2021 Being part of a group is central to how humans survive, and once we have found ours, it fundamentally shapes how we behave. Under pressure, this tendency to group – for all its benefits – can lead us to double down on who we see as “us” and who becomes a disliked “them”. Feelings become [...]
Tax hikes pull London markets down September 7, 2021 Sliding financial stocks pulled London markets down today after prime minister Boris Johnson announced a hike to dividend taxes and national insurance. The capital’s premier index fell, the FTSE 100, slipped 0.48 per cent to 7,152.75 points, while the mid-cap FTSE 250 had 0.62 per cent shaved off its value to fall to 24,097.48 points. [...]
PM hikes National Insurance and dividends tax by 1.25 per cent to pay for NHS and social care reform September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]
Government breaches another manifesto pledge by denying full triple lock uplift September 7, 2021 The government has breached another manifesto pledge and scrapped the normal functioning of the state pension triple lock, it announced today. In a statement delivered to the House of Commons today, secretary of state for work and pensions Thérèse Coffey announced the government will employ a triple lock lite, denying millions of pensioners an uplift [...]