Breaking EU up will take time to do: Brexit will go on for years January 25, 2017 As expected, the Supreme Court has told the Prime Minister that she needs to get the authority of Parliament before moving forward to remove the rights of EU citizenship from the British people in line with the referendum result. She should have done this from day one. Even the most devoted of Theresa May’s fans [...]
Public borrowing could overrun by £100bn over the next five years November 15, 2016 Philip Hammond could be on track to overshoot previous public borrowing forecasts by £100bn in total by 2021, a report out today has warned. PwC also found that, if the new chancellor opts to keep the status quo on spending despite June's referendum result, this year's public sector net borrowing will come in at £67bn, around £10bn [...]
The EU Commission has opened an in-depth probe into the massive London Stock Exchange – Deutsche Borse merger September 28, 2016 The European Commission has opened an in-depth investigation in to whether the planned £21bn merger between Deutsche Borse AG (DB) and London Stock Exchange Group (LSE) would reduce competition in financial markets. The proposed merger would combine the exchanges of Germany, the UK and Italy, as well as several of the largest European clearing houses, and create by [...]
Claudio Silvestrin, architect to Kanye West and Calvin Klein, unveils his newest project in Hampstead, north London November 23, 2016 This brand new, ultra-contemporary mansion looks like it belongs in the sunny peaks of the Hollywood Hills. In fact, it’s nestled away in a quiet, exclusive corner of Hampstead, but its starry aesthetic is the creation of an award-winning architect who’s used to bringing the lavish home-stylings of the rich and famous to life. Claudio [...]
The tech revolution – not Brexit – will reshape the face of London December 16, 2016 London's office market will change more in the next five years than in the 15 years since the 2001 dot-com crash, as a combination of factors much bigger than Britain’s exit from the EU come into play across the capital. While there has been so much discussion on the future of London’s banking cluster since [...]
Clamour for a quick-fire Brexit will grow if Trump abolishes Dodd-Frank December 13, 2016 Worryingly the spirit of the age is to characterise diplomatic relations as some sort of zero-sum game. As a consequence the UK urgently needs to avoid the temptation of pitching our national interest against global goals as we extricate ourselves from the EU. Ongoing harmony and goodwill between the UK and the remaining EU 27 will [...]
Step inside: Visa opens doors to its biggest ever innovation centre in London February 21, 2017 Visa has launched a fresh bid to boost its reputation for innovation with the launch of a new centre in London to "build the future of payments" – from banking via voice assistant to shopping in virtual reality. The 1,000 sq ft centre at its headquarters in Paddington will foster collaboration between Visa and its clients, partners and [...]
As the government gives the go-ahead to expand Heathrow, should it have approved Gatwick too? October 25, 2016 Paul Wait, chief executive of the Guild of Travel Management Companies, says Yes. There is a simple but solid economic argument that a runway at Gatwick should be approved alongside one at Heathrow. Increased capacity at both airports would offer greater connectivity for passengers travelling to both short haul and long haul destinations, and offer businesses [...]
Housebuilder Persimmon shrugs off Brexit vote but says it’s staying cautious November 2, 2016 Housebuilders' shares were among the hardest hit after the Brexit vote – but it seems investors may have been over-cautious, after Persimmon reported a 19 per cent jump in sales. The figures In a trading statement this morning Persimmon, the UK's biggest housebuilder, said since it reported its half-year results at the end of August, sales have [...]
Prices for central London’s luxury homes are falling – but outer areas are becoming less affordable September 21, 2016 London's luxury homes are set to have their prices cut by nearly 10 per cent this year, but prices in the capital's outer boroughs will continue to become less affordable, according to new research. Property services giant Savills has predicted prices on high-end homes in central London will drop by nine per cent this year and won't return to growth [...]