Rightmove: Cheapest boroughs fuel 11 per cent rise in London house prices as one agent warns it now takes 46 years to save for a deposit March 21, 2016 London house prices have climbed 11 per cent over the last 12 months, with the cheapest boroughs rising at the most rapid rate. The fastest growth was in Barking and Dagenham, according to the data published today by property website Rightmove. Asking prices in the borough, the capital’s cheapest, are 23.5 per cent higher this [...]
PwC: Brexit would cost the UK one million jobs, but most are destined for immigrants March 21, 2016 A vote to leave the EU could cost the UK nearly a million jobs by 2020, a financial services giant has warned. However, the figure is mainly due to a fall in inward migration. In the report from PwC for the Confederation of British Industry (CBI), the number of people in work is expected to [...]
The so-called flat white economy has overtaken finance and retail March 21, 2016 The UK's digital economy, which has made a home for itself in East London is driving the country’s economic growth, according to new research published today by a think tank. The so-called flat white economy of media, internet and creative businesses is now the second largest business sector in the UK. It accounts for 8.7 per [...]
HMRC in £1.6bn cigarette and alcohol duty crackdown March 21, 2016 HMRC raked in £1.63bn over the past 12 months from investigations into underpaid cigarette and alcohol taxes, new data shows today. Revenues from investigations into so-called sin taxes are up six per cent on the year ending March 2015, according to figures retrieved by accountants UHY Hacker Young. The UK’s black market in cigarettes and alcohol [...]
Twitter 10-year birthday: A short history of Twitter and where is right now at 10 March 20, 2016 There have been uprisings (the Arab Spring), numerous faux pas (hello Ed Balls), and global events (World Cup anyone?) experienced together, but it was only 10 years ago when Jack Dorsey, Twitter co-founder and current chief executive, published the first ever tweet that changed the way we communicate – "Just setting up my Twttr". Since [...]
Rolls-Royce set to announce 350 new jobs at its Derby operation March 20, 2016 Rolls-Royce is set to announce that it will add 350 new jobs in the UK over the next year. The engineering company's chief exec Warren East is meeting with MPs this week and will tell them the company aims to increase its workforce, a source said. The extra roles will predominantly be based at the [...]
Not all banks on board with pay equality scheme ahead of Tuesday announcement at the Bank of England March 20, 2016 The Treasury is scrambling to sign up remaining banks ahead of radical proposals on gender balance set to be unveiled by the chief executive of Virgin Money Jayne-Anne Gadhia at the Bank of England on Tuesday. The challenger bank boss has been carrying out a nine month investigation into gender equality in the banking industry and [...]
BT plays catch up to Sky over on-demand TV March 20, 2016 Telecoms giant BT is looking into gaining further control over on-demand TV service YouView from TalkTalk in an attempt to build up its market share of the premium TV industry and catch leader Sky. BT has held informal talks with TalkTalk over the future of the joint business venture, which would allow BT to pour [...]
Wentworth golfers declare victory as owner Reignwood scraps a proposed £100,000 joining fee, but the club’s tennis captain and mining grandee Kirill Klip is still on the warpath March 20, 2016 Golfers may have declared victory in the battle for Wentworth Golf Club after Chinese owner Reignwood scrapped plans to charge members £100,000 to rejoin, but the club's tennis captain and resident mining boss is still on the warpath. Following months of discussions, Reignwood announced on Friday it was backing down on a number of proposed measures [...]
Ryanair slams French air traffic controller unions as “selfish” for striking and calls for ban on industrial action March 20, 2016 Budget airline Ryanair has hit out at French air traffic controller (ATC) unions over strikes that have seen hundreds of flights cancelled across Europe. The company released a statement this evening repeating its call on the French government and EU Commission to "take action to prevent European consumers regularly being held to ransom by tiny numbers of [...]