UK house prices: Country property prices are much higher than those in the city September 30, 2017 Rural house prices are a fifth more expensive those in cities outside London, according to the Halifax. The average country house price is £263,050, compared with the average urban price of £218,596. The biggest difference is in the West Midlands, where prices are almost 50 per cent more. “Homeowners looking to escape to the country [...]
Brexit: Foreign Secretary Boris Johnson outlines his four ‘red lines’ September 30, 2017 Foreign Secretary Boris Johnson has piped up once again on the thorny subject of Brexit, setting out four “red lines”. Ahead of the Conservative Party conference, Johnson told the Sun that the UK’s post-Brexit transition period must not last “a second more” than two years. “There can be no monkeying around,” he said. Am I [...]
The Lake House, a self-built eco-retreat in Sussex, has ample grounds for entertaining and even has its own helipad September 29, 2017 Dreaming of having a great house is one thing, but those with real ambition dream of a great house with land. And boy, has this house got land. With 21 acres, this self-built five bedroom country home in the village of Plaistow in West Sussex is a fisherman’s dream. It has a three-acre rainbow trout [...]
Former Tesco executives “misled” the stock market, court told in fraud trial September 29, 2017 The stock market was “misled” by the actions of three former Tesco executives on trial for fraud, prosecutors told a court earlier today. Christopher Bush, Carl Rogberg, and John Scouler, who all held senior positions at the retailer, are on trial for charges of fraud and false accounting. In opening arguments today, lead prosecutor Sasha [...]
3D printing could wipe out a quarter of world trade by allowing us to make things at home September 29, 2017 Squabbling between Whitehall and Brussels over how post-Brexit trading will play out may actually be pointless after all. What will negate all that, apparently, is 3D printing. A report by Dutch bank ING has concluded that almost a quarter of world trade will be wiped out by 2060 as firms use 3D printers to manufacture [...]
Lloyd’s of London insurer Beazley hit by $275m bill for Harvey, Irma, Maria and earthquakes September 29, 2017 One of Lloyd’s of London’s best-known insurers today revealed a series of natural catastrophes are to cost the firm up to $275m (£206m). London-listed Beazley estimated the fall-out of hurricanes Harvey, Irma and Maria alongside earthquakes in Mexico would reduce bottom line earnings by $150m. However, it added: “Currently there is significant uncertainty surrounding the [...]
SpaceX CEO Elon Musk unveils plans to send humans to the moon and Mars by 2024 at the International Astronautical Congress September 29, 2017 It’s official: not content with pioneering reusable rockets and re-stocking the International Space Agency, Elon Musk now wants to use SpaceX to let people travel to the moon and start colonising Mars. During a 40-minute presentation at the International Astronautical Congress in Adelaide this morning, it was revealed that SpaceX will start making smaller rockets [...]
Addison Lee is on the hunt for hundreds more drivers in London after Uber’s licence loss September 29, 2017 With Uber battling to secure a change of mind from Transport for London over the loss of its London licence, other taxi rivals have been quick to report rising app downloads and increased interest. And today, Addison Lee announced it is on the hunt for 1,000 extra drivers due to a rise in demand. The [...]
Business investment in the UK went up in the second quarter September 29, 2017 Business investment in the UK increased between April and June this year, the latest Office for National Statistics data shows. Compared to the same period last year, business investment rose 2.5 per cent to £45.6bn, meaning firms bought more non-financial assets like machinery and property than they did last year. It also edged up on [...]
Bank of England governor Mark Carney: An interest rate rise is coming September 29, 2017 Bank of England governor Mark Carney has reiterated his expectation that the bank will raise interest rates soon. In an interview with the BBC’s Today programme, Carney used typically vague language, saying if the economy continues along its current trajectory, the rate-setting monetary policy committee may raise rates for the first time in over a [...]