Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Halifax house price index: House prices hit new record – but activity remains ‘soft’ | City A.M. August 7, 2018 House prices rose by 3.3 per cent in the second quarter of the year, hitting a new record of £230,280 – but caution still reigns over the property market. Prices rose 1.4 per cent in July, according to the Halifax house price index, up 1.3 per cent on a quarterly basis. Russell Galley, managing director [...]
3 reasons why the world economy is slowing August 6, 2018 Losing momentum Although near-term activity indicators remain stable, growth has been less synchronised in 2018 than it was in 2017 when major regions were all accelerating. Asia and Europe appear to be slowing, and Friday's jobs data in the US suggests that the world economy is entering a soft patch. We see three main factors [...]
Cast away: divorced men responsible for rising tide of houseboat demand August 5, 2018 The blazing summer has added to attractions of life on the water, and enabled houseboat sales to escape the wider slump in the capital’s residential property. “It’s been a bumper year for houseboats,” said Lana Wrightman, spokesperson for London’s largest waterside property estate agent, Riverhomes. “It’s like musical chairs trying to keep up with demand. [...]
Failure is at the core of Apple’s success August 3, 2018 IT’S OFTEN SAID that, while success is celebrated in the US, in the UK it’s only done out of a churlish sense of wanting that person to subsequently fail. As a regular commuter to the States – I spent last week meeting with clients in New York, and I’m writing this in Soho House [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
International Beer Day: How to get a free beer in London | City A.M. August 3, 2018 It’s International Beer Day, and just in time for Friday we’ve tracked down the deals you need to know to celebrate in style. Pints on the house There are few things in life better than a free beer, and thanks to Old Blue Last you can end the week on a high with just that. [...]
Jaguar XK150 Drophead Coupe review: A classic that’s been upgraded for contemporary tastes | City A.M. July 30, 2018 The Jaguar XK150 is basking, roof-down in front of a Mayfair mews house, all voluptuous curves and glinting chrome. It’s a perfect London postcard – but not, it seems, for the well-spoken chap who walks into JD Classics’ Mount Street showroom. “My fantasy car is an E-Type,” he tells me, “preferably in red.” Launched in [...]
New homes: Here are the new developments going on sale in London this weekend | City A.M. July 27, 2018 Our pick of the new developments on sale now Bishops Gate, Fulham From £625,000 A gated mews development next to Bishop’s Park is on sale, with a three bedroom duplex apartment for prospective buyers to peruse. The nine hectare green space is home to Fulham Palace, tennis courts and gardens and is also the setting [...]
How much does it cost to live near Richmond Park? | City A.M. July 23, 2018 It’s little wonder that Richmond continually tops ‘best places to live’ lists. With a Royal Park that’s so big it accounts for nearly half of the total area of all London’s Royal Parks, beautiful Georgian family housing, some of the best river frontage in the capital and a thriving community-led high street, it’s difficult not [...]
Two years on: how Brexit has affected the UK economy July 22, 2018 The UK economy was supposed to plunge into recession soon after the vote to leave the EU, but the majority of forecasters were wrong. Consumer confidence remained positive, encouraging increased spending, despite a slowdown in almost every other sector of the economy. As household consumption is a large contributor to GDP growth, it more than [...]