Flagstone doubles assets under administration as UK savers chase better rates August 19, 2024 Flagstone has more than doubled its assets under administration in 18 months as the fintech savings platform cashes in on UK savers chasing better interest rates.
Why Lord’s Cricket Ground and Wembley Stadium are the best areas for buy-to-let in London August 19, 2024 Buy-to-lets in London are, famously, quite a good idea – if you have the money to spend on them. But rental yields – defined as the return on your investment after accounting for costs like mortgages and taxes – have been hammered by high interest rates lately, making it crucial to buy in the right [...]
PMQs sketch: All the fun of the fair for Sunak and Starmer June 14, 2023 In the wake of Boris Johnson’s seemingly endless headline generating abilities being demonstrated again this week, it’s unsurprising Keir Starmer launched into what should have been a brutal takedown of a government fiddling while Frome (oh no, that’s already gone independent…) Stoke-on-Trent – majority of just 670 – burns. It’s just a shame the criticism [...]
London rents surge to record high of more than £2,500 as experts warn of no let up in sight April 28, 2023 London rents have surged to their highest level on record and experts have warned there is little sign of the capital’s housing market improving any time soon, fresh figures out today reveal. The cost per month of renting a property in London climbed 14 per cent over the last year to £2,501, according to search [...]
Bank of England chief Andrew Bailey ‘looking forward’ to serving for another four years August 4, 2024 Andrew Bailey has vowed to stay on for the duration of his eight-year term despite several calls for his resignation.
Higher-for-longer London rents and bumped-up property prices leaves Foxtons optimistic for 2024 January 25, 2024 Estate agents Foxtons has said rent hikes and demand for tenants to get on the property ladder helped drive its revenue to £147m, for the full year.
Lloyds Bank profit slides as interest rate boom slows July 25, 2024 Lloyds Banking Group recorded a slide in profit in the first half of the year after a surge in costs and a slowdown in the amount of cash it was making on the back of interest rates. The group – which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – reported a pretax [...]
Jeremy Hunt promises tax cuts as he cites Nigel Lawson January 21, 2024 Jeremy Hunt has promised to cut more taxes as he compared his policies to those of Nigel Lawson’s efforts to boost the City of London in the 1980s.
High interest rates and the election dampened London prime property market July 12, 2024 It was a slow June for London prime property, with transactions down 17 per cent compared to the same month last year. Analysts have blamed the general election for the dip in demand, as buyers waited for certainty and stability before investing in property. “A lot of buyers postponed plans due to a combination of [...]
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.