Inside Mayfair’s ‘most luxurious’ rental home – yours for £30,000 a month September 27, 2019 A new-build apartment which has been dubbed Mayfair’s ‘most luxurious’ has just hit the market, and is available to rent for anyone who happens to have a spare £30,000 a month. The 1,593 sq ft Apartment 3.05 sits within Clarges Mayfair, a grand Portland Stone block overlooking Green Park which is collectively valued at £160m. [...]
Dominic Cummings: Anger at MPs ‘not surprising’ says Prime Minister’s adviser September 27, 2019 Boris Johnson’s special adviser has said that the abuse directed at MPs over Brexit is “not surprising”. Dominic Cummings, the former Vote Leave campaign director, said the threats and anger would stop if MPs were to “respect” the referendum result. Read more: Bank of England could cut interest rates if Brexit uncertainty persists, says MPC [...]
Wework sells former CEO Adam Neumann’s $60m private jet September 27, 2019 Wework is reportedly preparing to sell ex-chief executive Adam Neumann’s $60m private jet after the founder was this week forced to step down from the company. Some investors said the private plane was a sign of poor corporate governance in the lead up to the firm’s delayed initial public offering, Business Insider reported. Read more: [...]
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 [...]