The government is cautious about crypto – but I think we’ll get there April 21, 2021 Lord Holmes of Richmond reflects on hundreds of hours of debate over the Financial Services Bill passed in the House of Lords.
Investing in undervalued care sector is complex and challenging, warns Advinia’s chairman April 21, 2021 Over the past decade, investors and private equity firms have piled into private health and social care, sensing the potential for high returns. However, as the sector is beset with financial stress brought on by the global financial crisis following the pandemic, a range of healthcare providers, including HC-One, the UK’s largest, have started to [...]
UK house prices rise at fastest rate since 2014 April 21, 2021 UK house prices soared in February at the highest growth rate recorded in more than six years – but London lagged behind the rest of the country. Average house prices across the UK increased 8.6 per cent in the year to February, up from eight per cent in January. This is the highest house price [...]
Post-Brexit law change: Cashback without purchase to be allowed across UK April 21, 2021 Corner shops, pubs and cafes will soon be able to offer cashback without people having to make a purchase first. The move comes after the government agreed changes in the House of Lords to the Financial Services Bill, which has almost completed its passage through Parliament. Hailing it as a “welcome step towards protecting access [...]
Vast Italian market Eataly set to open in the heart of the City April 20, 2021 The Square Mile will soon be home to vast Italian market Eataly, which has already seen success in cities including New York, Boston, Los Angeles and Chicago. Broadgate Market, London’s largest pedestrianised neighbourhood, will host the 42,000 sq ft venture, which will include take-away, retail, and terrace dining. Eataly is slated to open on 29 [...]
UK to hike emissions cut plans ahead of US climate summit April 20, 2021 The UK has announced a hike in its pledged fossil fuel emission cuts in a year that ends with its hosting of the COP26 climate summit. Boris Johnson has today made a new commitment to cutting emissions by 78 per cent by 2035 compared to 1990 levels, up from 68 per cent in 2030. Johnson [...]
Lloyd’s of London to set up Manchester hub April 20, 2021 Lloyd’s of London plans to set up a Manchester ‘hub’ that will house a number of digital roles, locally sourced from Manchester’s talent pool. The insurer said the new hub should be up and running by January 2022, and those working in Manchester will be offered flexible working. The hub will focus on enhancing Lloyd’s [...]
Nationwide to lend first-time buyers five times their income on long-term mortgage April 20, 2021 First-time buyers with deposits as low as 10 per cent will be able to borrow five and a half times their income when taking out a longer-term mortgage, the UK’s biggest building society said this morning. Nationwide Building Society said that under its “helping hand” initiative, first-time buyers across the UK will have the option [...]
UK banks launch new low-deposit mortgage scheme April 19, 2021 High street banks will today begin offering mortgages with a deposit of just five per cent under a new government-backed scheme. The scheme, first announced in the Budget, is designed to make home ownership more affordable for first-time buyers. Borrowers will be able to secure a mortgage with just a five per cent deposit on [...]
Home buyers face highest-ever price tags as house prices jump by £7,000 in just four weeks April 19, 2021 Spring home buyers are facing the highest ever prices demanded by sellers, with the average price tag on a home having jumped by nearly £7,000 in the space of just a month. Across Britain, the increase of £6,733 or 2.1 per cent month-on-month pushed average seller asking prices to a new record high of £327,797 [...]