Second warning raised this week on banking red tape deadlines August 31, 2016 G20 leaders have received their second warning in a week that some jurisdictions may miss deadlines for implementing new banking rules. Today's report by the Financial Stability Board (FSB), which is chaired by Bank of England governor Mark Carney, notes issues which have been raised with rolling out rules, in particular, those still left to [...]
The UK will leave the Single Market as free movement must stop, former chancellor Lord Nigel Lawson says August 31, 2016 The free movement of people throughout the European Union to the United Kingdom should be stopped even if it entails leaving the Single Market, Lord Nigel Lawson has said. Lawson said that people voted in large part for Brexit due to immigration, and as such the UK must move away from the doctrine of free [...]
10 London startups named the hottest in Europe August 31, 2016 Dinner delivery startup Deliveroo and and an artificial intelligence company acquired by Twitter have both been named among the hottest startups in Europe to emerge from London. Top entrepreneurs and investors from across Europe have chosen the startups, along with a further eight, to compile a top 10 list of the capital's newest tech companies making a name for themselves, [...]
Ouch: Eurozone inflation misses expectations as unemployment sticks at five-year low August 31, 2016 We're not angry, we're just disappointed. Eurozone inflation stayed decidedly flat in August, rising just 0.2 per cent during the month – missing expectations of a rise to 0.3 per cent. It's a mark of quite how quiet the City is that it had almost no effect on the euro, which held steady at $1.1147 [...]
UK family disposable incomes reached new high in month after Brexit vote August 31, 2016 Average disposable income across the UK reached a new high in July, helping families "shrug off much of the post-Brexit concern that has plagued businesses and financial markets". Families have experienced a 1.9 per cent increase in earnings since July last year, with disposable income reaching £202 a week, according to Asda’s Income Tracker. However, Asda [...]
These are London’s best postcodes for quality of life August 31, 2016 If you're looking for a better quality of life, look no further than SE1, according to new research, which suggests Bermondsey is the capital's most desirable postcode. According to the research, by Banda Property, Bermondsey is top of the postcode pops because of its "elusive London village feel". Read more: House price growth is driving [...]
Here’s why government spending isn’t fixing the housing crisis, according to Shelter August 31, 2016 The government is pouring money into schemes that boost demand for properties – but is failing to put enough cash into house building, according to research from housing charity Shelter. The current parliament has spent two thirds of its housing money – £28.7bn – on programmes such as the Lifetime ISA and Help to Buy, which [...]
The BBC iPlayer loophole is closing tomorrow: Here’s what you need to know August 31, 2016 The law around the licence fee is changing tomorrow. It is now illegal to watch BBC programmes on demand, including on the iPlayer, without paying the £145.50 annual fee. Here is what you need to know: Do I need to do anything if I already have a licence? No. If your household is already covered [...]
Watch out Uber, now Google’s getting into ride-sharing August 31, 2016 Google is getting in on the ride-sharing action with the expansion of a pilot feature helping commuters catch a ride from a driver heading in the same direction and who has a spare seat. Google will use Waze, a real-time mapping and navigation startup it snapped three years ago, to connect those driving in San Francisco with potential passengers. The tech company has already been testing [...]