Holloway prison to be turned into 1,000 homes after £81.5m deal with housing association Peabody March 9, 2019 Holloway prison in north London has been sold to housing association Peabody in a £81.5m deal and will now have more than 1,000 homes built on the site. The former women's jail occupies a 10-acre site and previously held murderers Myra Hindley and Rose West. Read more: Countrywide losses deepen amid housing market slowdown Peabody [...]
Theresa May is a home secretary dressed up as Prime Minister March 8, 2019 The UK is facing a violent crime crisis. Fatal stabbings are at their highest since 1946, with 27 knife deaths so far in 2019. Police numbers in England and Wales are down more than 20,000 since 2010. Other crime-reducing initiatives, from youth outreach to social services, have also seen drastic funding cuts in that time. [...]
MPs demand estate agents be monitored as part of dirty-money crackdown March 8, 2019 Britain must urgently review its “fragmented” anti-money laundering system and supercharge the UK’s companies registry, a powerful body of MPs has said. The Treasury Select Committee report on economic crime, released today, also said HMRC should begin registering estate agents for anti-money laundering purposes, to prevent ill-gotten gains from being “stashed” in the UK property [...]
A market cap is the quickest way to inject some competition into audit March 7, 2019 As you read this, the Kingman review, the Competition and Markets Authority review, the Brydon review, and the Business, Energy and Industrial Strategy Select Committee are all scrutinising the audit profession following a series of high-profile scandals. Failures such as Carillion, BHS, and Patisserie Valerie present very different problems, but each case rightly led to [...]
Runway East plugs £1m into 1,000-person startup hub in London Bridge March 7, 2019 London startup workspace provider Runway East has announced plans to double the size of its existing South London hub to accommodate 1,000 workers. Read more: London startup space Tech Hub grabs new Shoreditch venue in City expansion The firm told City A.M. it will spend £1m on the expansion, in response to high demand from [...]
DEBATE: Are cuts to police numbers the main factor behind the rise in London knife crime? March 6, 2019 Are cuts to police numbers the main factor behind the rise in London knife crime? Ken Marsh, chairman of the Metropolitan Police Federation, says YES. There is most definitely a correlation between rising crime and falling police numbers – to say otherwise is absurd. In 2010, there were 143,734 police officers in England and Wales. There [...]
Londoners face the biggest rise in council tax bills as rates set to rise from April March 5, 2019 Council tax bills across England are set to rise by an average of 4.5 per cent from April, with the steepest hike coming in London, new research suggests. From the start of the financial year in April, households across Britain will see an average increase of £75.60 in the yearly Band D council tax bill, [...]
New London skyscrapers set to break record in 2019 March 5, 2019 The number of skyscrapers being completed in the capital is set to smash records this year, with demand for housing space driving a surge in new towers joining London’s skyline. Construction on 76 tall buildings is expected to be finished during the course of 2019, marking a three-fold increase on the previous year. Read more: What the [...]
Sadiq Khan’s junk food advertising ban will hurt TfL and marketers, but fail to fight childhood obesity March 4, 2019 Last week, a divisive political leader brought an end to a scourge that threatened our everyday society. No, I’m not talking about Donald Trump, whose summit with Kim Jong-un unfortunately failed to achieve the denuclearisation of North Korea. I’m talking instead about London mayor Sadiq Khan, whose ban on junk food advertising on the Transport [...]
Looking for space for homes in the capital? Build over rail lines March 4, 2019 A new survey of housebuilders published last week by construction consulting and design agency McBains is depressing reading for Londoners looking to get a foot on the housing ladder. Although two thirds of housebuilders in London reported that they had built more homes over the last 12 months, those that stated a decrease cited a [...]