London house prices: As the average property price soars to £600,000, Osborne’s measures to tackle the UK’s housing problem could risk making the problem worse December 10, 2015 For those hoping to get on the housing ladder, it's clear that not enough is being done to address the issue of ever-unattainable prices. While there is some evidence to suggest growth in London at least is slowing, figures out today show that the average price of a property in London has reached £600,000. Last week [...]
Twitter will show ads to people who don’t even use Twitter December 10, 2015 Twitter is testing out a new way to advertise by showing promoted tweets to people who are not logged in to the site in a bid to expand its sources of revenue. Apparently 500m people visit Twitter pages every month with out logging in, many via results which appear in Google search, and that's 500m eyeballs [...]
Which countries are London companies hiring tech talent from? San Francisco, even with the capital’s 37 per cent smaller salaries December 10, 2015 London's search for the top tech talent goes beyond the capital, and even the country, with a quarter of jobs filled by someone from outside the UK. Candidates in San Francisco, the epicentre of technology and home to Silicon Valley giants such as Google and Facebook, received more offers from London companies than those in any other location. [...]
Global law firm Pinsent Masons warns that proposed tax avoidance rules for large businesses could make HMRC “judge, jury and executioner” December 10, 2015 A global law firm has today criticised HM Revenue & Customs’s (HMRC) recently announced plans for cracking down on tax avoidance by businesses, saying that parts of the proposals would make HMRC the “judge, jury and executioner.” Further details on legislation that would allow the UK tax authority to place large businesses under special measures if [...]
Peer-to-peer lender MarketInvoice is lending £14,700 a minute as small businesses turn to alternative sources of finance December 10, 2015 More small business are turning to non-traditional forms of finance as they shun expensive overdrafts and bank loans. One peer-to-peer lender, MarketInvoice, which collects cash from individuals and lends it to small and medium-sized enterprises (SMEs) against invoices, had its busiest ever morning today. Between 9am and 12 noon it lent £2.65m to SMEs, around £14,700 per minute, [...]
New best friends: What people are making of the new alliance between Katie Hopkins and Donald Trump December 10, 2015 Republican Presidential hopeful Donald Trump has courted much criticism for his recent remarks, stating Muslims should be banned from entering the US and that there are areas in London and Paris where police are too scared to go to due to radicalisation. In Britain alone this sparked a wide range of responses, including a petition [...]
The UK economy could gain almost 4,000 new jobs and £1.75bn worth of development if business rates were cut December 10, 2015 Cutting business rates could unlock around £1.75bn worth of development over the next five years, which is more than the development value of the Shard, Walkie Talkie and Cheesegrater combined. According to a report published today by the British Property Federation (BPF), British Council of Shopping Centers and British Council for Offices, reassessing how rates are applied would [...]
Terror alert in Geneva: Police hunt suspects with terrorism links December 10, 2015 Police in Geneva are searching for suspects with links to terrorism and have raised the alert level in the Swiss city, but there is no information connecting the search with Paris. Swiss authorities are searching for four people believed to be in or near Geneva, a UN security guard told Reuters. A Swiss federal police spokeswoman said [...]
Bank of England votes eight to one to hold interest rates as oil prices are expected to weigh further on inflation in the coming months December 10, 2015 The Bank of England will be in no mood to lift interest rates any time soon as it said today there was a high chance that inflation will remain near zero in the coming months due to a renewed fall in oil prices. The Bank’s monetary policy committee (MPC) also warned about uncertainty over the market [...]
Donald Trump: UK politicians should be thanking him instead of “pandering to political correctness” December 10, 2015 Donald Trump has hit back at a campaign to have him banned from entering Britain, saying UK politicians "should be thanking" him instead of "pandering to political correctness". More than 400,000 people have signed a petition to ban the controversial real estate developer and US presidential hopeful from entering the UK after he said that he would [...]