Westfield unveils updated plans for £1.3bn White City residential scheme April 26, 2021 Westfield has revised its planning application for a £1.3bn residential scheme in White City, adding several hundred new homes to the proposals. The proposed scheme will include up to 1,760 new homes, up from the 1,093 granted planning permission in 2017, and will also involve the construction of a 1.4 acre public space and new [...]
Crypto markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich April 26, 2021 Cryptocurrency markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich.
Boost for first-time buyers as more ultra-low deposit mortgages hit the market April 24, 2021 In a further boost to first-time buyers, more lenders are bringing 5 per cent deposit mortgages onto the market. New deals announced by Metro Bank and Cambridge Building Society are not part of a new government-backed mortgage guarantee scheme which was launched this week to increase the availability of 5 per cent deposit loans. Major [...]
Balls to Britpop, Britbox and Britcoin! April 23, 2021 Monty Munford has had it with Britcoin. Oh, and he's still quite annoyed about Britpop and Britbox too...
Biden pledges to cut emissions by 52 per cent by 2030 April 22, 2021 US President Joe Biden administration has today pledged to slash US greenhouse gas emissions by 50 per cent – 52 per cent from 2005 levels by 2030. The new target was unveiled ahead of a two-day climate summit featuring the world’s biggest economies. Before the summit began, Biden tweeted: “No nation can solve this crisis on its [...]
One in five aspiring first-time buyers lives with family or friends to save cash April 22, 2021 More than a fifth of aspiring first-time buyers have moved in with family or friends since the coronavirus crisis started, according to research published this morning. Some 22 per cent of people hoping to buy their first home in the next two years have moved in with parents, in-laws or friends since March 2020, Halifax [...]
Top-end homes in Mayfair and St James’s offloaded at 20 per cent below asking price April 22, 2021 Several prime central London postcodes are seeing homes sell at a considerable discount of up to 20 per cent per square foot, according to new data shared with City A.M. this morning. In many areas there is a notable difference between the expectations of home sellers and the price that buyers are willing to pay, [...]
Liz Truss must keep import tariffs on steel – or risk losing the industry in the UK for good April 22, 2021 In decades past, import tariffs were regarded as nothing but a protectionist relic of resistance to free trade. But in recent years, those of us who believe in fair competition have had to learn that tariffs are an essential safeguard in a global trading system where some countries will not play by the rules. The [...]
FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
Bitcoin could pull back to $20,000 – claims global investment boss April 21, 2021 The global chief investment officer of one of the world’s largest investment firms says a major correction is incoming on the price of Bitcoin.