London tops the UK as tourism hotspot, with tourists spending £36bn a year in the capital May 10, 2016 The tourism industry is worth more than £15bn to London’s economy, more than any other region in the UK, new figures from the Office for National Statistics (ONS) have shown. Foreign tourists in the capital on business and holidays, along with day-trippers from the rest of the UK spent more than £36bn in London in [...]
“Hazard zone” deployed around Leadenhall Market after explosion May 10, 2016 Leadenhall Market has been closed after an explosion, thought to be caused by an electrical fault, occurred this morning. A 20-metre hazard zone has been put in place around the City hub and it is not clear when the area will be reopened. We're dealing with a manhole cover fire at Leadenhall Market. We've put a [...]
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 [...]