Pound staggers as Bank of England hints at interest rate cut September 27, 2019 Sterling fell today as a top official at the Bank of England flagged a possible interest rate cut to offset continued Brexit uncertainty. The pound fell to its lowest value against the dollar in almost three weeks as BoE official Michael Saunders said the Bank may lower interest rates. “Quite why this is moving the [...]
Bank of England could cut interest rates if Brexit uncertainty persists, says MPC member September 27, 2019 The Bank of England may need to cut interest rates even if a no-deal Brexit is avoided, according to a member of the monetary policy committee (MPC), which sets the rates. Michael Saunders has said that the Bank may have to cut rates if the “slow puncture” effect on the economy from Brexit uncertainty persists. [...]
Civil Aviation Authority has flown back 40 per cent of stranded Thomas Cook holidaymakers September 27, 2019 A total of 61,000 Thomas Cook customers have now been flown back to the UK by the Civil Aviation Authority (CAA). On Thursday it used 69 flights to bring home a further 15,000 people, taking the total of those returned to the UK following Thomas Cook’s collapse to 40 per cent. Read more: MPs launch [...]
GoodWaste: The graduate designers creating unique homewares from scavenged marble September 27, 2019 Sometimes success comes knocking at a young person’s door, and they are so prepared that they already have their coat and shoes on. This is the story of how three dynamic Royal College of Art MA product design students had a bloody good idea for their degree show – and a few weeks after graduating [...]
EU’s Juncker says Britain to blame if stalemate ends in no-deal Brexit September 27, 2019 European Commission president Jean-Claude Juncker has said the blame will lie with Britain if it leaves the EU in a no-deal Brexit. Juncker said he and chief EU negotiator Michel Barnier were doing their utmost to secure a Brexit deal, but the bloc would not accept any blame if efforts end in failure. Read more: [...]
Focus on Wapping: First-time home buyers are taking advantage of City connections and ‘sensible’ prices September 27, 2019 Located on the north bank of the Thames just to the east of Tower Bridge, Wapping is one of the few remaining postcodes where you can snap up a flat within walking distance of the City without a completely eye-watering price tag. Formerly the domain of dock workers, large swathes of the area have been [...]
How can online-only banks win over cautious consumers? September 27, 2019 The direction of travel for banking is clear – we’re moving away from highstreets and onto smartphones. But tech should not outpace consumer confidence, and lessons on how to do that can be drawn from the payments industry. This week Which? reported that a third of UK bank branches have closed in the last five [...]
Property of the week: A colourful Cuban home for the well-heeled September 27, 2019 As the nights draw in, what better way to liven up those long, dark evenings than coming home to a place that is bursting with colour and warmth? That is exactly what you will get if you move into this maisonette at 212 Kensington Park Road in Notting Hill, which has just come on the [...]
New builds: Homes on the market in London this week, from a former quarry to flats overlooking the Houses of Parliament September 27, 2019 Ridgeway Views, Mill Hill From £93,125 for a 25 per cent share of a one-bed Buyers looking for a leafy, suburban location on a budget will want to check out L&Q’s Ridgeway Views, launching this Saturday. The shared ownership homes are located in Mill Hill, close to the 35-acre Mill Hill Park, Arrandene Open Space [...]
Blame the Fixed-term Parliaments Act for this utter chaos in Westminster September 27, 2019 The BBC podcast series The Political Butterfly Effect explores the theory that even the tiniest of events can have vast and unintended consequences. If you’re curious how a bar fight may have caused Brexit, or what the meat extract product Bovril has to do with keeping Britain out of the euro, it’s worth a listen. [...]