Peabody and Family Mosaic housing associations are merging December 7, 2016 Peabody and Family Mosaic housing associations are merging to create a new organisation with assets worth £6bn. The merged housing association, which will be named Peabody, will be responsible for 55,220 homes across London and the South East. Read more: Revealed: the luxury London properties with price cuts of over 30 per cent The new [...]
The SNP and the Lib Dems won’t back Theresa May’s Brexit amendment today December 7, 2016 More than 60 MPs are set to fight an amended motion backing the government's timetable for Brexit later today. The Lib Dems and the Scottish National Party have both said they will reject the motion in the House of Commons, which calls on the government to publish a Brexit plan ahead of the triggering of [...]
Leaked rail letter: Grayling said he wanted suburban rail “out of the clutches” of Labour December 7, 2016 The transport secretary has been criticised for "political point scoring" and faced calls to resign, after a leaked letter said he wanted to "keep suburban rail services out of the clutches of any future Labour mayor". Yesterday Chris Grayling rejected Sadiq Khan's bid to take over commuter routes, saying the mayor hadn't proved his alternative would [...]
The Liberal Democrats have been hit with the largest possible penalty over 2015 election spending December 7, 2016 The Liberal Democrats have been hit with a £20,000 fine by the UK's election watchdog. The fine is the maximum possible penalty the Electoral Commission can issue, with the watchdog claiming that more than 300 payments totaling £184,676 were excluded from party spending returns. The Lib Dems suffered from “systemic failures” during last year's General [...]
A man has been arrested for making racist threats against Gina Miller December 7, 2016 A 55-year-old man has been arrested on suspicion of making threats against anti-Brexit campaigner Gina Miller, it has been reported. The Metropolitan Police said officers from its Falcon Unit arrested the man after detectives were made aware of threats made against a 51-year-old woman from 3 November. Read more: Gina Miller condemns "disgraceful" media coverage [...]
Lufthansa names telecoms boss to lead expansion of its Ryanair rival Eurowings December 7, 2016 German airline Lufthansa has plumped for a telecoms boss to drive expansion at its budget airline Eurowings. The board appointed Thorsten Dirks, chief executive of Telefonica Deutschland, to take over from Karl Ulrich Garnadt who's retiring from the board on 30 April next year. Dirks will take charge of Eurowings from 1 May. The airline [...]
Vauxhall tries to pour cold water on Corsa fire risk claims after concerns raised over heater systems December 7, 2016 Vauxhall has made an effort to reassure customers by refuting claims models of its Corsa have a potential fire risk. An investigation by The Sun claimed heater wiring in Corsa Ds and Es built since 2006 is susceptible to heat damage. The newspaper commissioned a report by forensic investigation firm GBB, after several Corsa owners reported their [...]
The EU competition watchdog just fined HSBC, Credit Agricole and JP Morgan Chase €485m over Euribor December 7, 2016 HSBC is one of three banks fined a total of €485m (£412.4m) over their participation in a Euribor rigging cartel, the European Commission's antitrust watchdog said today. HSBC will pay €33.6m over its month-long participation in the cartel, which rigged euro interest rate derivatives, while Credit Agricole will pay €114.7m and JP Morgan willl pay €337.2m, both [...]
Sterling falls sharply as UK production falls at its fastest rate in four years December 7, 2016 The pound has fallen sharply against the dollar as a big fall in manufacturing production contributed to the biggest fall in UK production for more than four years. The decrease surprised analysts and could deal a blow to the nation's GDP growth expectations. Reduced output in the UK’s oil and gas industries also contributed to [...]
The London luxury properties that have had their prices slashed by over 30 per cent December 7, 2016 London's high-end homes are in crisis. House prices in prime central London have been falling since 2014, when former chancellor George Osborne slapped higher rates of stamp duty on homes worth over £1m. This year, he introduced a further three per cent hike for people buying second homes. Read more: This is how far house prices have fallen [...]