Budget 2017: Government told to show restraint on EIS tax relief for startup investment in Patient Capital Review October 22, 2017 The government has been warned not to crack down on tax breaks for investors betting on early stage companies amid a major review into funding. The Enterprise Investment Scheme (EIS) faces an uncertain future as the Treasury is reportedly considering clamping down on the tax-relief scheme which is designed to encourage investment in startups. Read [...]
Bitcoin price falls back below $6,000 and off all-time highs October 22, 2017 The price of Bitcoin has fallen back from the all-time highs it hit on Saturday and back under the $6,000 mark. It smashed through that figure for the first time on Friday, just over a month after it first broke $5,000, and pushing the total market capitalisation above $100bn. Bitcoin has fallen back from highs, [...]
Sainsbury’s suits up: Supermarket to sell smart mens clothing range October 22, 2017 Discerning gentleman will now be able to pick up this season’s smartest suits with their weekly supermarket shop. Sainsbury’s is making a move on Saville Row with a new range of suits from its fashion brand Tu. Two ranges Tu Formal and Tu Premium will launch online and in 250 stores across the UK with [...]
The end of gazumping? Government plans a house-buying shake-up to make it less stressful October 22, 2017 House-buyers are being promised new assurances that could speed up the process of purchasing a home and end gazumping. Communities secretary Sajid Javid has launched a new review seeking feedback from across the industry on a shake-up to the home-buying process. It could include “lock-up agreements” preventing sellers from ditching an offer for a higher [...]
Bitcoin surge continues as $6,100 mark left behind for new record high October 21, 2017 The US dollar value of bitcoin flew past $6,100 (£4,600) today to hit a new record high as the astonishing acceleration of the cryptocurrency continued. Bitcoin only broke through the $6,000 mark for the first time on Friday afternoon, but a surge of buying quickly pushed its value almost as high as $6,200. One bitcoin [...]
Bitcoin just broke past the $6,000 mark after reports China is rolling back on cryptocurrency ban October 20, 2017 Bitcoin has surged past the $6,000 mark. A tweet by Swiss blogger @Russian_Market attributed the increase to the fact that China has published no further ban on the cryptocurrency. Bitcoin is surging after no further ban published in China— Russian Market (@russian_market) October 20, 2017 The news comes a month after China clamped down on [...]
Driverless cars are coming to the streets of Britain following £51m of government funding October 20, 2017 Get ready for the autonomous revolution – driverless cars are set to hit the UK’s streets in the next two years. The government has awarded four projects a total of £51m in funding to create the environments needed to test connected and autonomous vehicle (CAV) technology. The projects were the first to be funded from [...]
London’s office market is “highly overvalued” and set for a correction, ratings agency Fitch says October 20, 2017 A leading ratings agency has said London’s overvalued office market is set for a correction next year due to Brexit uncertainty. Fitch Ratings said the core London office market had cooled since the Brexit vote last year, but it remains “highly overvalued”. “Tight office supply has supported prices to some extent, while sterling’s weakness has [...]
Holiday Homes in Porto, Portugal: We scout out the bargains October 20, 2017 The snaking queues of tourists outside Porto’s 19th century Livraria Lello bookstore are not people seeking a good read. They’re tourists wanting to glimpse the second floor café where JK Rowling wrote Harry Potter and the Philosopher’s Stone while raising her daughter and teaching English in the City. Potter fans believe the shop’s spiral art [...]
Childcare costs in London are rising seven times faster than wages, according to Trades Union Congress October 20, 2017 Childcare costs have risen up to seven times faster than wages since 2008, according to new research. The average cost of childcare in England for parents of a one-year-old rose 48 per cent between 2008 and 2016, with a wage increase of only 12 per cent in cash terms over this time. London took the [...]