Revised version of the Pubs Code due in July, but industry is “disappointed” it won’t be backdated to original enforcement date June 15, 2016 A revised version of the Pubs Code is set to come into force in July, but pub organisations are “disappointed” that the government has refused to make the legislation apply retrospectively. The British Pub Confederation has claimed the failure to backdate the Code to its original launch date of 26 May could leave over 400 pub [...]
Production company behind BBC’s “steamy” Versailles plans UK expansion July 10, 2016 If you were you among those outraged by the BBC Two series Versailles – described by one Mail Online report as “the steamiest series on television” – you might want to stop reading. Newen, the French production company behind the series, is in talks with the BBC, ITV and Netflix over programming – and is [...]
The whole UK will suffer if London loses out in the Brexit aftermath July 25, 2016 Just over a month on from the EU referendum and some semblance of order appears to be returning to Whitehall. We have a new Prime Minister and Cabinet. Ministers have started talking about things other than Brexit – such as transport policy and defence. Debt markets look calmer for now. But Brexit is clearly going [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]
John McDonnell attacks George Osborne’s economic policy as an “absolute failure” June 1, 2016 The shadow chancellor John McDonnell has launched a stinging attack on George Osborne’s economic policy after the Organisation for Economic Co-operation and Development (OECD) slashed its growth forecasts for the UK economy. The OECD said it now expects the UK to grow by 1.7 per cent this year, down from a prediction of 2.1 per cent [...]
Why Build to Rent is the answer to London’s housing shortage April 14, 2016 Every week, City A.M. invites an industry professional to write about an emerging trend in the property market. Build to Rent represents a new way of living at a time when people are struggling with affordability and poor rental accommodation. And it could be the answer to the UK’s housing shortage providing large numbers of [...]
London house prices broke the £600k barrier for the first time in April, according to the latest House Price Index from Your Move and Reed Rains May 12, 2016 London house prices broke through the £600,000 barrier for the first time in April, while the value of homes in the capital has almost doubled over the past seven years. Property prices in London have risen 11 per cent (£59,605) since this time last year, surpassing all other regions of England and Wales, according to the latest House [...]
Now London must “take back control”, says London mayor Sadiq Khan June 28, 2016 Following the UK's vote to leave the EU, Sadiq Khan has said that the capital needs to "take back control" to protect "jobs, wealth and prosperity". Speaking among business leaders to demand more autonomy for London, Khan said that further devolution would be to the benefit of the whole country. "As much as I might like the [...]
Kitted-out office sector to be worth £126bn within 10 years June 13, 2016 The UK market for fully-kitted out offices could rise in value to a whopping £126bn in under 10 years, a new report has revealed. Currently valued at around £16bn, the so-called serviced office sector is projected to increase in value significantly by 2025, to £62bn on conservative projections and £126bn on more optimistic forecasts. Economic [...]
UK house prices: Hundreds of thousands of homeowners who bought in 2007 are still stuck in negative equity April 25, 2016 Average house prices in more than half of UK towns and cities are still below 2007 levels, new research has claimed, trapping hundreds of thousands of people who bought at the top of the market in negative equity. Around 1.5 million property transactions were completed at the top of the market before the banking collapse [...]