Elephant & Castle scheme and East Village site merged to create £1.4bn private rented sector venture April 4, 2016 The owners of the East Village residential neighbourhood on the Olympic site and the first phase of redevelopment at Elephant & Castle town centre have agreed to merge the schemes to create a vast £1.4bn private rented sector estate. Qatari Diar Real Estate Investment Company, Delancey’s flagship client fund, DV4, and the Dutch pension fund asset manager, APG, [...]
The Queen’s Speech 2016: Here’s everything announced today May 18, 2016 Today's Queen's Speech was announced as a “one nation” effort by Prime Minister David Cameron, and was set around three principles – the economy, increasing chances for the disadvantaged and security. The economy – digital, transport, planning and jobs The Queen laid out plans to modernise Britain's climate for business through a Digital Economy Bill, [...]
Budget 2016: Institute of Fiscal Studies’ Paul Johnson says budget cuts may not materialise March 14, 2016 Chancellor George Osborne has indicated he will announce more cuts in his Budget, but these cuts may never materialise, director of the Institute of Fiscal Studies Paul Johnson has said. Yesterday the chancellor indicated be may have to announce cuts worth up to £4bn by the end of this parliament when he delivers his Budget [...]
EU referendum: Ignore the scare stories – Brexit could offer school-leavers a rare opportunity to get better jobs and wages or build their own business March 14, 2016 We are all trying to work out just what a Brexit would mean for us, whether we are concerned about our pension, how we run a business or the perennial issue of house prices. But there is one group that may not have a voice come 23 June whose world could really be changed – the school-leaver. [...]
Mortgage approvals dip in November – but are still 25 per cent higher than the same period last year December 24, 2015 It may be hours before the great Christmas getaway begins, but the British Bankers' Association (BBA) hasn't let that get in the way of bringing you Serious News. This morning the organisation said the number of loans dished out to homebuyers has dipped, falling to 44,960 in November, down from 45,463 in October. No festive frivolities there… The [...]
High house prices and strong rent growth lift landlord returns February 19, 2016 Landlords' annual returns have reached their highest for over a year, according to figures released this morning. Considering both the growth in rents and increases in property prices, landlords’ annual rate of return in January was 12 per cent. The figures, from estate agents Your Move and Reeds Rains, show that the average landlord in [...]
Britain needs an industrial house-building revolution to tackle housing market failure January 14, 2016 The world is moving from uncertainty to instability. Economic, political and social “flashpoints” include the United States, EU, China, North Korea and the Middle East. While the UK has sensible economic goals – 2.5 per cent growth, 2 per cent inflation, £1 trillion of exports by 2020 and improved public finances – progress is mixed. [...]
Labour MP Anna Turley and steel workers union Community call for Business Minister Anna Soubry to oppose China’s bid for market economy status January 18, 2016 A trade union and a Labour MP today urged the government to oppose China's bid to become a market economy in the light of the damage it could cause to the UK's steel industry. The Labour MP for Redcar, Anna Turley, whose constituency has been affected by the job losses in the steel industry, told City A.M. [...]
Millienials want to invest for good – but what is impact investing and how do you get involved? February 11, 2016 Impact investing is moving into the mainstream. The companies on the Social Stock Exchange – the UK’s main market for impact investing – have a total combined market value of £2bn and last year raised in excess of £400m. We also saw the first LSE Main Market and Social Stock Exchange dual listing with Menhaden [...]
Vice Media to launch new Viceland TV channel on Sky and Now TV in September March 9, 2016 Vice Media, the group behind the millennials' favourite website Vice News, will launch a 24-hour television channel called Viceland on Sky and Sky's online streaming service Now TV this September. The 24-hour channel will be programmed, developed and produced in-house by Vice's creative team and will be available for all Sky TV customers in their [...]