London mayoral election 2016: Sadiq Khan wins City Hall for Labour as turnout surpasses 2008 high May 6, 2016 Sadiq Khan stormed to victory as London mayor this evening. With all 14 constituencies declared the mayoral election recorded the highest ever turnout at 45.6 per cent. The previous high was 2008, when turnout was 45.3 per cent. Khan's victoy makes him the third directly elected mayor of London. Goldsmith got off to a good start as the Conservatives secured an early [...]
London Fields craft brewery is up for sale for £1m after founder Jules Whiteway-Wilkinson charged with fraud March 20, 2016 Craft brewers are hot property right now. First Meantime in Greenwich was snapped up by SABMiller and then Asahi, while AB Inbev tapped Camden Town Brewery last year and there has been huge demand from investors wanting to dip their toe in via crowdfunding. Now on the market is Hackney’s London Fields craft brewery, creator of the Hackney [...]
UK weather: Rising levels of surface water flooding put success of Flood Re insurance scheme at risk, warn academics February 8, 2016 The success of a reinsurance scheme designed to cut insurance costs for households with a high risk of flooding is in jeopardy thanks to rising levels of surface water flooding, academics have warned. According to a paper published today by Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change [...]
Extended right to buy scheme could cost London councils just shy of £50m each May 4, 2016 Councils in London will need to fork out £49m a year on average to fund government’s planned extensions to the right to buy scheme, a report out today by Shelter has warned. Under the right to buy extension, local authorities will be forced to sell off a proportion of their vacant council house stock on the open [...]
Craft beer’s reputation as a “luxury” and “aspirational” item makes a successful brew in London March 29, 2016 The number of new breweries opening in London reached a new high in 2015, jumping 24 per cent from 29 new openings in 2014 to 36 last year due to its status as a "luxury" product. The boom in new openings in London contrasts with a slight slowdown across the rest of the UK, which decreased by [...]
London mayoral election 2016: Who are each of the record 12 candidates in this year’s race to City Hall? May 5, 2016 This year's London mayoral election has a record 12 runners as parties and individuals vie for City Hall. Officials at London Elects announced 12 candidates are competing to replace Boris Johnson, compared to seven back in 2012. While it already looks set for a one-on-one battle between Tory Zac Goldsmith and Labour Sadiq Khan, they are joined [...]
The gin-aissance: Number of distilleries in England jumped by a third in 2015, according to UHY Hacker Young April 25, 2016 The increasing demand for boutique spirits pushed the number of new distilleries in England up by a third last year. Dubbed the "gin-aissance", the spirits boom led to 28 new distilleries opening in England 2015, up from 21 in 2014, according to research from accountancy firm UHY Hacker Young. Across the UK, 56 artisan distilleries [...]
Highest London house prices dip: Kensington and Chelsea, Camden and Richmond fall as bottom end gets boost from first-time buyers July 19, 2015 Some of the capital’s most expensive residential areas saw house prices drop sharply this month, according to data released today, with high demand supporting the lower end of the market. In Kensington and Chelsea, London’s most expensive borough to buy in, prices dropped 7.2 per cent from June to July, according to Rightmove. [...]
Mapped: The London areas best (and worst) at managing money based on the credit score of every borough March 14, 2016 Londoners are better at managing their finances than the rest of the country, but some areas are better than others. Residents of Kingston rack up the best credit score in the capital and 13 per cent higher than the city average of 386 and more than 14 per cent higher than the national average of [...]
Crowdfunding platform named UK’s most active investor in private companies May 18, 2016 A crowdfunding platform has been named as the UK’s most active investor in private companies by a new report. In the first quarter of 2016, Seedrs made 37 investment deals. It was followed in second place by fellow crowdfunder, Crowdcube, which was involved in 30 deals. The Business Growth Fund was the next most active, [...]