Stamp duty cut set to boost property market as analyst ‘highly sceptical’ of demand-side push September 26, 2022 Cuts to stamp duty are set to give the UK property market a boost of more than 25 per cent as thousands of Brits look to cash in. Research from Barrows and Forrester suggests – based on previous stamp duty holidays – that up to a million homes could be sold due to the cut. [...]
Flagship £450m green energy boiler scheme needs urgent reform to prevent it failing, Lords committee warns February 22, 2023 The government’s boiler upgrade scheme is failing to deliver on its objectives, warned the environment and climate change committee.
Fastest annual increase since 2004: House prices climb by 13.2 per cent August 18, 2021 House prices rose by 13.2 per cent over the year to June, the fastest annual increase since 2004, according to official figures. Across the UK, the average house price in June was a record £266,000. It increased from £255,000 in May and beat the former £256,000 record which was set in March, the Office for [...]
Inflation reaches 7 per cent as Brits fear cost of living crisis April 13, 2022 The Consumer Prices Index (CPI) rose seven per cent in the year to March, with Brits braced for sky-high price hikes across essential bills this spring. According to figures published by the Office for National Statistics (ONS) today, the largest contributions to the increase came from motor fuels, with no large offsetting downward contributions. The [...]
Q&A: Fintech boss Janine Hirt on how London can stay ahead of EU rivals January 26, 2023 Fintech is an increasingly vital part of the UK’s financial ecosystem – so it’s high time to chat with Janine Hirt, the CEO of industry body Innovate Finance, on the challenges that come with keeping the UK out in front of Europe While the UK has historically been a global leader in FinTech – receiving [...]
Lettuce remember: One year on from Liz Truss’ disastrous mini-budget September 22, 2023 One year on from the mini-budget, City A.M. takes a look at the fallout and asks whether Truss still has the ability to influence the Conservative Party going forward.
PM declares end of high tax and spend as he says govt will ‘get out of the way’ June 9, 2022 Boris Johnson has indicated a major reset in the direction of his government, with the Prime Minister declaring the end of Covid-era “corporate welfare” and that now is the time to “stop spending and start cutting taxes and cutting regulation”. Johnson said “the overall burden of taxation is now very high”, after himself increasing the [...]
Investors reach for the bottle as inflation soars August 9, 2022 Nervous investors are turning to wine as a steady store of value as inflation climbs.
The Square Mile and Me: James Ashton on Occupy London, the City’s history, and Balfour’s oysters March 16, 2023 Each week we ask the City’s great and good to delve down memory lane. This week, it’s James Ashton, the chief executive of the Quoted Companies Alliance, representing small- and mid-cap listed firms, and a former newspaper journalist What was your first job in the City? I wrote about advertising and media for Reuters, based [...]
Prime central London house price growth to stay flat until 2021, thanks to stamp duty and Brexit October 11, 2018 Homeowners hoping to see a recovery in London’s high-end housing market may find themselves waiting a little longer, according to new Savills analysis that suggests growth will not return to the capital’s most expensive properties until 2021. Brexit uncertainty and a newly proposed stamp duty surcharge on foreigners is likely to “temper recovery”, with Savills [...]