This one graph explains the horrors of London house prices – and why London renters are trapped February 22, 2017 If thinking about the London housing market is likely to give you a brain haemorrhage, do not read this. New figures from the Office for National Statistics (ONS) show just how ridiculous house price rises have been in the capital over the last six years, and why London renters are also being screwed. Read more: [...]
Lloyds Bank bumps up its bonus pool on healthy pre-tax profits February 22, 2017 Lloyds Banking Group has boosted its bonus pool, after reporting its statutory pre-tax profits had more than doubled for 2016. The bank's bonus outcome rose to £392.9m for 2016, up from £353.7m in 2015. However, Lloyds' bankers could have been in line for more – the lender also revealed today it had skimmed 19 per [...]
The only direct flight between London Heathrow and Barbados will take off this year February 22, 2017 Virgin Atlantic has announced it will launch the only direct flight between London Heathrow and Barbados later this year. The twice weekly service, operating on Tuesdays and Saturdays, will start from 12 December 2017 to tempt those eyeing up Christmas in the Caribbean. Flights go on sale from this Saturday 25 February. The airline's codeshare with [...]
A severe weather warning has been issued for London as Storm Doris heads towards the UK February 22, 2017 All good things must come to an end – and it seems like the weather is happy to oblige. After experiencing the warmest day of the year on Monday, the Met Office has issued a severe weather warning as Storm Doris heads towards the capital. Strong winds are on their way as temperatures start to [...]
Bring on the robots: We should welcome the demise of the human machine February 22, 2017 In decades to come, people will reflect on the present day with bewilderment and say: “they had humans doing what?” In the blizzard of noise around a looming acceleration in technological unemployment we need to balance our fears of the rise of the robots with excitement around the impending demise of the human machine. The [...]
BBC to launch new TV channel for Scotland with £30m budget February 22, 2017 The BBC has announced plans to launch a new TV channel for Scotland, with a budget equivalent to that of BBC4. Director general Tony Hall said today that the channel would launch in the autumn of 2018. Read more: Fake news and echo chambers help BBC Radio 4's Today hit audience record It will have [...]
Sadiq Khan is on track to have “the worst strikes record” of any London mayor, say GLA Conservatives February 22, 2017 The mayor is on track for the "worst strikes record of any mayor", Greater London Authority Conservatives said today. In the latest clash between Conservative London Assembly members and Sadiq Khan, Keith Prince, the deputy chair of the Assembly's Transport Committee, said today's walkout on the Central and Waterloo & City Lines will by the fourth strike in [...]
City chaos on the cards: Here’s what you need to know about today’s Tube strike February 22, 2017 Yes, City workers, it is time to brace yourselves, after the RMT union announced a fresh walkout which will cause heavy travel disruption in the capital throughout today. Here's what you need to know about the action… Read more: Every route from Waterloo station to Bank, ranked When will the strike take place? Drivers walked out [...]
Hays’ shares fall as global operations compensate for contracting UK market February 22, 2017 Recruiter Hays' share price fell over three per cent this morning despite posting double-digit percentage growth in its half-year figures. The figures Net fees for the first six months of the firm's financial year increased by 17 per cent to £466m with operating profit increasing by 16 per cent to £100m. Figures were given a [...]
London home buyers down three per cent in fourth quarter of 2016, CML says February 22, 2017 The number of home buyers in London dropped to a four-year low last year, according to new data from the Council of Mortgage Lenders (CML). Home buyers in London borrowed £24.5bn for house purchase, down 0.4 per cent on 2015, and took out 75,800 loans, down seven per cent compared to the year before. The CML [...]