New homes: Our pick of the new builds going on sale in London this weekend February 8, 2019 New developments on the market this week Kidbrooke Village, Greenwich From £567,500 for a two bed with two bathrooms First time buyers can get on the ladder – and be part of a £1bn regeneration project – on the outskirts of Blackheath with the launch of these new Help to Buy homes. The interior design [...]
British Steel buyer set for £120m government support package December 19, 2019 The Chinese takeover of failed manufacturer British Steel has been bolstered by reports the government is in the process of finalising a £120m package to help protect jobs in the area. Business secretary Andrea Leadsom and minister Nadhim Zahawi met executives from Jingye Group on Wednesday to discuss completing the purchase. Read more: British Steel [...]
London house prices: Mayor of London Sadiq Khan invests £25m in Pocket Living to build homes for first-time buyers August 15, 2017 Mayor of London Sadiq Khan is investing £25m into Pocket Living, a developer which uses modular construction to build affordable homes. The investment will help Pocket create 1,059 new one- and two-bed flats for first-time buyers. It sells its homes at 20 per cent below the market rate to first-time buyers living in the borough. [...]
UK house prices grow at fastest rate for 18 months in February February 28, 2020 UK house prices grew at their fastest rate since July 2018 in February, according to Nationwide figures released today. February’s annual rise of 2.3 per cent, up from 1.9 per cent in January, was UK house prices’ strongest rate of growth in 18 months. That left the average UK house price at £216,092, up from [...]
Nationwide profits fall as it warns IT investment will continue to weigh down earnings February 8, 2019 Profits fell in Nationwide’s third quarter as the building society was hit by a £167m write-off charge as well as an ongoing technology investment, it revealed today, warning profit pressure will remain in the fourth quarter. The figures Pre-tax profits dropped a staggering 20 per cent year on year to £703m for the last three [...]
Fast Ford icon: Rare Sierra RS Cosworth heads to auction July 18, 2020 “A working class hero is something to be,” declared John Lennon. Anyone who grew up idolising the Ford Sierra RS Cosworth would surely agree. With its wide wheelarches and whale tail wing, the ‘Cossie’ looked brilliant on a bedroom wall. And its 204hp turbocharged engine offered Porsche-baiting pace: 0-62mph in 6.5 seconds and a top [...]
Chancellor’s Budget on 11 March – to tax or not to tax January 17, 2020 Having inadvertently set a record by having a year without a Budget, the first time this has happened since the introduction of income tax, the Chancellor’s choice of Wednesday 11 March, rather than “February” as stated in the election campaign, gives the busy Treasury a little more time to work up the ideas that were [...]
How vertical farming can future-proof our food supply chain to withstand crises March 31, 2020 The spread of Covid-19 across the globe has brought to light many new challenges, from insufficiencies in healthcare to the stability of the global economy. Equally as important, but less talked about, is whether our global food supply chain is able to withstand the impact of pandemics — now and in the future. It is [...]
Scrap stamp duty for pensioners to free up homes for youngsters, says thinktank December 3, 2018 A UK thinktank has called for the government to scrap stamp duty for pensioners to encourage downsizing and free up homes for younger families. Policy Exchange’s new report reveals that 1.1m homes in England with two or more spare bedrooms are lived in by a single person aged over 65. The report says the lower stamp [...]
New mortgages hit 10-year high as lending activity grows September 11, 2018 Mortgage lending picked up in the second quarter of the year, with new commitments hitting their highest level in more than a decade amid a bump in the number of first-time buyers coming onto the property market. Read more: London house prices set to hit lowest growth levels since financial crash The value of new [...]