Here’s how stamp duty changes affected landlords’ returns in March May 10, 2016 The chancellor's stamp duty hike may have been aimed at quelling the nation's frenzy for buy to let homes – but it seems property remains a great provider. That's according to new research by Property Partner, anyway, which has suggested total returns on residential property rose to 9.6 per cent in the year to March. In the [...]
Bernie Ecclestone reckons a £100m F1 race could hit London’s streets next year May 10, 2016 Could London’s streets be ringing to the sound of Formula 1 cars as soon as next year? The sport’s boss, Bernie Ecclestone, reckons so. Ecclestone has told ITV News there’s only one “small technical issue” is preventing the capital from hosting its own version of the Monaco Grand Prix, in which F1 cars use the City’s [...]
Londoners are right to oppose Brexit: Our security is more important than our sovereignty May 10, 2016 Londoners chose Sadiq Khan as their mayor over Zac Goldsmith on Thursday. Sadiq is a declared In-er and Zac is an Out-er. All the expert pollsters – who can get things wrong – point to London being a three-quarters In city. As both a businessman and London’s first deputy mayor for policing and crime for [...]
Then and now: These ghostly images contrasts London’s darkest days during the Blitz with how the capital looks now May 9, 2016 Wednesday marks the 75th anniversary of the end of the Blitz in London. The Blitz, shortened from the German term "blitzkrieg" (lightning war), struck the capital over a sustained period between September 1940 and May 1941. During the nine month German bombing campaign more than half of the 40,000 civilians who lost their lives in [...]
Brexit: London employers are most likely across the UK to vote to remain in the UK May 9, 2016 More than two-thirds of London's employers are likely to vote to stay in the EU, according to new research from online employment platform Reed. In a survey of 1,700 employers across the UK, 71 per cent of those based in London said they would vote remain when the referendum polls open on 23 June, while [...]
This giant credit rating agency has just issued a warning about Sadiq Khan’s plans to freeze TfL fares May 9, 2016 Hmm. Looks like things aren't getting off to a great start for London's new mayor, Sadiq Khan, after one of the world's largest credit ratings agencies warned his central pledge may hurt Transport for London (TfL). That didn't take long… In a statement that was as brief as it was punchy, this morning Moody's warned [...]
Sadiq Khan’s legacy as mayor will hinge on how he responds to these key challenges May 9, 2016 Now that the London mayoral election race is over, the real work begins for Sadiq Khan. First, though, I want to offer my congratulations to him and convey the message that the City of London looks forward to working closely with him and his team in the coming years. London is a truly unique and [...]
Parking mad: London parking spaces sold for over £200,000 May 8, 2016 LONDON is one of the world’s most expensive places to pay for parking space. On Brewer Street in Soho, for example, you could spend over £50 on just three hours of parking. That may be why some mysterious buyers have forked out as much as much as half a million pounds to buy a parking [...]
How much will Sadiq Khan earn as mayor of London? May 8, 2016 He may come from humble beginnings but Sadiq Khan is now set to earn some serious dosh. His punchline for his mayoral campaign was “I’m the son of a bus driver”. The Tooting MP, whose parents are Pakistani immigrants, grew up in a modest south London housing estate with his seven siblings. He slept in [...]
Fitness chain Pure Gym in good health as turnover hits £99.5m May 8, 2016 Pure Gym, Britain’s biggest gym operator, has seen its turnover soar from £68.6m to £99.5m following a 50 per cent increase in membership. However profits for the budget chain dropped from £7.5m to £2.6m thanks to exceptional expenses, the latest accounts filed for 2015 showed. The Leeds-based fitness operator, that has 160 gyms across the [...]