Diane Abbott is rubbish at maths – but not compared to the rest of the country May 17, 2017 Diane Abbott’s car crash of an interview on LBC radio last week hit the headlines. Asked politely but firmly for the numbers and costings of Labour’s plans on the police, her answers varied wildly from sentence to sentence. Of course, being charitable, it was always open to Labour’s shadow home secretary to spend a few [...]
UK house price growth drops to 4.1 per cent in March as slowdown in London continues , according to data from the Office for National Statistics May 16, 2017 Average UK house prices increased 4.1 per cent in the year to March 2017, down from 5.6 per cent in the year to February 2017. New data from the Office for National Statistics shows the general slowdown in the annual growth rate seen since mid-2016 continues. House prices in London recorded the second-lowest annual growth [...]
Crossrail’s coming: House prices near these Elizabeth Line stations are still relatively affordable May 16, 2017 After a decade in the making, the first trains run on the Elizabeth Line, nee Crossrail, this month. But the line won’t just benefit commuters: homeowners along the route will also celebrate, with prices of homes around many stops having more than doubled since it was first approved by planners. Research by Emoov showed prices [...]
Labour’s Robin Hood tax plans: Pensioners will suffer as levy erodes retirement pots, says asset manager May 15, 2017 Pensioners will be hit hardest by Labour plans to introduce a Robin Hood tax, one of the UK’s leading asset managers has said. On Sunday the Labour party revealed plans to raise £4.7bn by changing stamp duty levels on shares and introducing a levy on other financial instruments such as derivatives. Today the chief investment [...]
As the bitcoin rally continues, are we witnessing a bubble? May 15, 2017 Dr Garrick Hileman, research fellow at the Cambridge Centre for Alternative Finance, Judge Business School, says Yes. It’s unclear whether the recent ransomware attacks and stories of preemptive bitcoin stockpiling have had a significant impact on its price, which has more than tripled over the past twelve months. Regardless, is it true we are witnessing [...]
Meet the six tech startups working with Transport for London to make the capital a smart city in Nitrous accelerator’s first cohort May 15, 2017 Six star startups have been chosen to delve into Transport for London’s troves of data to help transform the capital into a so-called smart city. Entrepreneurs working to reduce congestion on the trains, buses and roads of London as well as pollution will join the first Nitrous accelerator, designed to connect up-and-coming tech companies with [...]
WannaCry ransomware NHS cyber attack: A final warning for banks and fintech May 15, 2017 It was the most high profile cyber attack in some time, and one of the largest ever carried out. Governments, hospitals, companies and universities in over 150 countries were affected by the recent ‘WannaCry’ cyber attack, which affected more than 230,000 computers with ransomware and demanded bitcoin payments. Media coverage in the UK focused on [...]
Sir James Dyson to spend £130m on The Village commercial buildings in London May 15, 2017 Vaccum cleaner king Sir James Dyson is in pole position to snap up a £130m portfolio of commercial buildings in London. The billionaire’s bid will likely beat rivals’ offers for a portfolio of 13 buildings in Fitzrovia known as The Village, according to the Sunday Times. The properties are currently owned by the LCH Group. [...]
London house price growth grinds to a halt as the capital becomes the second slowest region in England and Wales May 15, 2017 London was the region with the second slowest house price growth in England and Wales last month, a survey out today shows. Although up 1.4 per cent annually, average house prices in Greater London fell 0.1 per cent month-on-month in April. Prices decreased by £750 to £610,418, according to the latest England and Wales House [...]
Kim soars to win Players Championship as Poulter returns to form May 15, 2017 South Korea’s Kim Si-woo kept his nerve to claim a second PGA Tour title with a three-shot victory over England’s Ian Poulter and Louis Oosthuizen of South Africa at The Players Championship at Sawgrass. The 21-year-old was calmness personified as he finished on 10-under par after a flawless final round, keeping Poulter, his main rival [...]