Autumn Statement: London is getting £3.15bn of funding for 90,000 affordable homes November 23, 2016 London is getting £3.15bn of funding for 90,000 affordable homes by 2020-21, chancellor Philip Hammond announced in the Autumn Statement today. The chancellor said in his first Autumn Statement today that housing remains unaffordable for too many in the UK and that London will be getting its share of the affordable housing budget. Read more: [...]
The City is a national asset with massive potential to address regional inequality December 12, 2016 One of the hardest parts of the lord mayor’s job is getting people to think of the financial City as more than just London. Our capital is certainly a vital part of the UK’s offer, but so are the many smaller towns and cities that lie beyond the M25 that, together, provide two thirds of the UK’s [...]
Have a free market solution to poverty? Then you could be £50,000 richer October 20, 2016 A top free market think tank has partnered with one of Britain’s most successful entrepreneurs to launch a nationwide competition in search of ways to reduce poverty. The “Breakthrough Prize” – launched today by The Institute of Economic Affairs and serial investor and multi-millionaire Richard Koch – is on the lookout for a single idea “that [...]
Why Paris is on the up: tourism, transport and Brexit September 21, 2017 As Global Cities bloggers and property investors, we track a whole range of factors when compiling the Schroders Global Cities index. Strong tourism and improving transport links are among the essential ingredients for improving a city’s prospects and therefore its attraction to commercial real estate investors. Paris, ranked 16th in the index, is worthy of [...]
Sadiq Khan unveils Brexit panel featuring Lord Mandelson and Santander chair to advise on getting “best deal” for London December 19, 2016 Sadiq Khan has recruited an assortment of business leaders, investors and academics in an effort to boost London's Brexit credentials. The mayor announced a new Brexit Expert Advisory panel to advise him on the risks, challenges and opportunities for the capital in the wake of June's vote to leave the European Union. Members include Sir George Iacobescu, [...]
Sadiq Khan is to blast the government for “shrugging off” the City’s Brexit fears October 27, 2016 London mayor Sadiq Khan will tomorrow hit out at the government's “blase” approach to Brexit for the City, and accuse Theresa May of “shrugging off” concerns on recruitment and passporting. Speaking at the City of London corporation dinner, Khan will say that Brexit represents the biggest impact on the City since the Big Bang, 30 [...]
The City must prepare for an £135bn per year Brexit boost August 21, 2017 IN 1553, London merchants funded a naval expedition to China via the North East passage. It got trapped in the ice in Russia’s White Sea and was forced to travel overland to Moscow where Ivan the Terrible granted it exclusive trading rights. The group returned to London to set up the Muscovy Company. This became [...]
Olympic Stadium Formula One plan revealed: Audacious proposal shows Grand Prix circuit snaking through East London July 14, 2017 An audacious plan to hold a Formula One Grand Prix in and around Stratford’s Olympic Park has been pitched to the mayor of London, rivalling a separate bid to host a race in the Docklands. Reports of the Docklands plan surfaced earlier this week after the owners of Silverstone triggered a break clause in their [...]
It’s official: A £90m Knightsbridge flat is the most expensive home on record August 31, 2017 The £90m purchase of an apartment in Knightsbridge is the most expensive residential property transaction ever recorded by the Land Registry, it turns out. Capital FM owner Ashley Tabor bought the massive four-bedroom penthouse flat at 199 Knightsbridge in April this year, with plans to knock it through into the apartment he owns next door [...]
Dress-down Friday? Dress-down every day. The City of London is becoming more casual, with bowler hats out and designer stubble in September 8, 2017 Goodbye bowler hats, brollies and polished black shoes – hello dress-down Fridays, jazzy colours and designer stubble. Dress codes appear to be falling out of fashion in the City of London. Around two-thirds of financial services employees will be allowed to travel into work in casualwear for dress-down Friday today, the results of a new [...]