Digital challenger bank Mondo just got its banking licence August 11, 2016 Another new challenger bank has been given the green light by the financial regulator in an attempt to give the big banks a run for their money. Digital challenger Mondo, a smartphone-only app, has been granted a banking licence which gives it free-reign to offer customers the full range of services offered by the traditional high street banks – although it [...]
London’s night-time economy could be worth £43bn and an extra 115,000 jobs August 11, 2016 Unlocking London’s night-time economy will deliver a £3bn boost to the capital and help protect London from the economic shock of Brexit, a new report has argued. Research published today said the introduction of the Night Tube, along with a relaxation of licensing laws and other tweaks to help Londoners make the most of the capital [...]
Falling ill on holiday could cost you as much as a house, the Association of British Insurers warns August 11, 2016 The high cost of overseas medical bills means falling ill abroad could cost double the amount of an average UK house. Insurers are now processing claims from more than 3,000 British travellers per week who require emergency medical care while abroad, according to the Association of British Insurers (ABI). While the average travel insurance claim [...]
Government urged to lift ban and allow Premier League clubs to introduce safe standing August 11, 2016 Sport Minister Tracey Crouch has come under renewed pressure on the eve of the new Premier League season to allow England’s leading clubs to reintroduce standing areas at their stadia. A report published today by think tank the Adam Smith Institute (ASI) says the use of “safe standing” sections is backed by most top-flight teams [...]
Global investors increasingly drawn to English football’s booming bargain bin August 11, 2016 Wealthy Premier League clubs and extravagant transfers such as Manchester United’s world record deal for Paul Pogba may hog the limelight, but canny investors are increasingly taken by England’s less glamorous teams. Four in 10 clubs in the three divisions below the top flight fielded approaches from potential investors in the last year, and that [...]
Theresa May given overwhelming support for leader of the UK in latest poll August 11, 2016 An overwhelming plurality of people back Theresa May for Prime Minister over Jeremy Corbyn, according to the latest poll. A TNS BMRB poll found 44 per cent of people think May is a better leader for Britain than her Labour counterpart, who garnered just 16 per cent of support. The poll gives the Conservatives a [...]
Watch this stunning captain’s-eye view of landing a plane in London August 11, 2016 Every time you think you've seen the capital from every possible angle – whether it's from space, or from the perspective of someone jumping from one of its skyscrapers – a new view comes along, putting London in an entirely new perspective. The latest comes in the form of a video which puts you in the cockpit [...]
Will Mark Carney’s corporate bond-buying help UK companies? August 11, 2016 Companies across the UK are bracing themselves for a shake-up to the way they raise cash on the corporate finance market as the Bank of England prepares to start buying private sector debt. Threadneedle Street will buy around £10bn of top-quality corporate bonds as part of its mission to help the UK avoid a recession [...]
Businesses went berserk for office space in central London after the Brexit vote August 11, 2016 Businesses flooded back into central London after the Brexit vote, new research has suggested – with the amount of new office space leased by firms jumping by 24 per cent. Research by CBRE suggested businesses leased 980,400 sq ft of office space in July, a quarter more than in June and the strongest monthly average [...]