How normal are your spending habits? UK household expenditure reveals what Britons spend most money on December 10, 2015 Do you spend more or less money on wine than the average Briton? How about takeaway coffees? You probably already know that that daily vanilla latte you buy to get you through the morning commute tallies up to astronomical sums over the course of the year. But if you’re worried, or perhaps just curious, about [...]
London financial services job market slows down ahead of Christmas, as available roles drop by 32 per cent in November December 10, 2015 Available financial services jobs in London plummeted to 6,405 in November, a 32 per cent decline compared to October, when there were 9,480 jobs on offer. According to the figures released today by professional services recruiter Morgan McKinley, the number of London professionals seeking new roles also dropped to 10,492, down 27 per cent from [...]
London to grow quicker than other UK regions until 2018 December 10, 2015 London is still expected to be the fastest growing region in the UK over the next few years, according to a report out today from accounting giant EY. The capital is expected to rack up an average forecast Gross Value Added (GVA) of three per cent a year to 2018. This year London GVA is [...]
Londoners opt to stay home following Paris attacks December 10, 2015 Concerns about potential attacks on London have supposedly kept Londoners from dining out in November, according to industry sales barometer, the Coffer Peach Business Tracker. Pubs and restaurants recorded a 1.5 per cent decline in like-for-like sales in the capital, with chain restaurants feeling the biggest impact. In October sales were up 3.5 per cent [...]
With the Bank of England set to keep interest rates at record low City A.M.’s shadow MPC votes six-three to hold December 10, 2015 A renewed drop in oil prices to below $40 a barrel has led many of the members of City A.M.’s shadow monetary policy committee to vote to keep interest rates at their record lows this month. Inflation remained in negative territory in October, well below the Bank of England’s two per cent target. While a [...]
Bubble fears as average London property hits £600,000 with outer boroughs seeing highest rises December 10, 2015 The average price of a London property is now just shy of £600,000, reigniting fears of a bubble and prompting talk of a market correction. The average London house price was £598,173 in October, 5.6 per cent higher than the same month last year, according to figures released today by estate agents Your Move and Reeds [...]
Commodity prices stabilise following two day rout December 9, 2015 The price of hard commodities plateaued yesterday, following a two day retreat that spooked investors and caused huge sell offs of oil and mining stocks. The oil price also managed to stabilise, hovering just above the $40 mark for most of the day, despite dipping below the line briefly for the second day. Oil did [...]
HMRC publishes draft legislation designed to extend tax evasion offences to companies who failed to prevent it happening December 9, 2015 HM Revenue & Customs (HMRC) today published the results of its consultation, alongside draft legislation, for a proposed criminal offence for companies which fail to prevent the facilitation of tax evasion. The draft legislation lays down provisions for a criminal offence where somebody who is performing services on behalf of a company commits tax evasion. [...]
End of austerity? Not according to Cambridge Dictionaries’ people’s word of the year 2015 December 9, 2015 If you thought it was the end of austerity, think again. It's the word people searched for most often and most regularly on Cambridge Dictionaries online and has been crowned "people's" word of the year by their researchers. It was apparently the "clear front runner", appearing on its weekly most searched list at five separate times throughout [...]
Brazil’s inflation hits 12-year high as food prices climb December 9, 2015 Brazil’s annual inflation rose to 10.5 per cent for November, marking a 12-year high on the back of a spike in food prices and the rising cost of electricity. This higher-than-expected figure for consumer prices marks an increase from October, when the country's inflation stood at 9.9 per cent, and September, when it was 9.5 per cent. Brazil's [...]