Number of homes put on market tumbles as survey nears three-year low May 9, 2019 More surveyors reported a drop rather than a rise in new houses being put up for sale last month than in any other poll since June 2016, according to the Royal Institution of Chartered Surveyors (Rics). Read more: London Marathon property prices revealed ahead of this year's race Waning appetite from new buyers and uncertainty [...]
London sees sharpest fall in permanent jobs in almost three years in April, survey shows May 9, 2019 The number of people starting permanent jobs in London fell at its sharpest rate for almost three years in April, new analysis has revealed, in a sign that the capital’s jobs boom may be slowing. Read more: UK employment hits record high as wages grow again Starting salary inflation for permanent positions cooled to a [...]
Theresa May to hold meeting with top Conservative committee over her departure timetable May 8, 2019 Theresa May has agreed to a crunch meeting with a powerful group of Tory MPs who have the authority to change party rules and force her from office. The Conservative leader will address the executive members of the backbench 1922 committee next Wednesday as pressure grows on her to resign from office. She will be [...]
Chris Grayling could be forced to take the stand as Stagecoach launches legal action over franchise snubs May 8, 2019 Beleaguered transport secretary Chris Grayling could be called to the stand to defend the government after Stagecoach formally launched legal action over its decision to disqualify it from three rail franchises. After weeks of tension, Stagecoach formally launched legal action against the Department for Transport (DfT) over its decision to disqualify the firm from the [...]
No change to Theresa May’s plan to stay as Prime Minister until Brexit deal passed, Downing Street confirms May 8, 2019 Theresa May will not quit as Prime Minister until the Brexit deal is passed by MPs, Downing Street confirmed today amid growing pressure for her to step down. The Prime Minister told her MPs in March she would resign as party leader once phase one of the Brexit negotiations are completed, leaving her successor to thrash [...]
Sterling slips as UK prepares to take part in European elections May 8, 2019 The pound slipped 0.23 per cent this morning from $1.307 to $1.304 following yesterday's confirmation that the UK will take part in the EU elections. The 0.23 per cent drop comes after the government repeatedly said it did not want the UK to take part in the elections to the European Parliament later this month. [...]
UK house prices: Experts warn of ‘volatile’ UK housing market after sharp April growth May 8, 2019 Experts today warned that volatility is affecting the UK housing market as Halifax recorded a sharp annual jump in house prices in April. Read more: UK house prices suffer fifth month of Brexit-hit growth UK homes are now worth an average £236,619 following the stark five per cent rise for the three months to April, [...]
US secretary of state Mike Pompeo to issue Huawei warning during UK visit May 8, 2019 US secretary of state Mike Pompeo is expected to warn Prime Minister Theresa May against allowing Huawei to build the UK’s 5G network during a meeting in London today. Pompeo is holding talks with May and foreign secretary Jeremy Hunt, and will make a speech on foreign policy ahead of US President Donald Trump’s state [...]
Warm-weather pub trips boost tepid consumer spending growth in April May 8, 2019 Consumer spending growth slowed in April but was boosted by last month’s sunshine, resulting in double-digit growth in the amount spent at restaurants and pubs, according to the latest data from Barclaycard. Read more: Confidence hits new low but spending climbs amid sunny weather Overall consumer spending grew 2.5 per cent in April compared to [...]
London’s commercial courts hear record number of cases despite competition from overseas rivals May 7, 2019 London’s commercial courts heard a record 258 cases in 2018-19, up 63 per cent on the previous year. There was also a 54 per cent increase in the number of litigants using the courts in the year to March, with litigants coming from 78 countries, a report published today by Portland Communications shows. Read more: [...]