Good news for commuters (at last): Rail fares could rise by the second-lowest level in 20 years November 5, 2015 Next year could be the first time wage growth outpaces rail fares since 2002, if forecasts for retail price index (RPI) are on the mark. Economists spoken to by City A.M. tipped the inflation measure to be around one per cent for July – the month which regulated rail fares are set by. That [...]
Bank of England interest rates: Why the MPC must raise the UK’s interest rates, instead of continuing to twiddle their thumbs November 5, 2015 Today, to the surprise of no one, the Bank of England Monetary Policy Committee (MPC) left interest rates at their current level of 0.5 per cent, its view justified by headline inflation that is, to all intent and purpose, zero per cent. This may appear sensible on the face of it – after all, why should [...]
Police arrest protesters against Egyptian President Abdel Fatah al Sisi outside Downing Street November 5, 2015 Metropolitan Police have arrested five demonstrators outside Downing Street, who were protesting against the arrival of Egyptian President Abdel Fatah al Sisi. Protestors were up in arms that al Sisi – who has been denounced by many including Labour leader Jeremy Corbyn as a "coup leader" who overthrew a democratically elected president – was receiving [...]
Collins Word of the Year 2015: Binge-watch beats clean-eating, manspreading and dadbod November 5, 2015 If you decided to binge on box-sets rather than food this year, you might have inadvertently helped determine the Collins Word of the Year. Binge-watching has been named the word for 2015 after lexicographers saw a 200 per cent increase in its usage, which describes watching "a large number of television programmes (especially all the [...]
London property prices: Here’s how many houses have sold for £1m in the last five years – and where is seeing the biggest growth November 5, 2015 Here's a million-dollar question for you: how many £1m-houses does London have, and which boroughs are seeing the fastest growth? Over the past decade, nearly 54,000 £1m (or more) homes have been sold – and Kensington & Chelsea accounts for more than 10,000 – almost a fifth of the total. But this borough appears to be slowing – perhaps as [...]
Bank station is going to be getting a major overhaul (but there’ll be some travel headaches along the way) November 5, 2015 Transport for London has some good news and bad news for commuters going through Bank Tube station. The good news is that the major interchange is about to get a major facelift that TfL says will "significantly reduce congestion", particularly for Waterloo & City Line users, where two new lifts, four escalators and a new [...]
Sinai plane crash: Philip Hammond says Isis involvement in Metrojet A231 flight 7K9268 crash a “significant possibilty” November 5, 2015 The UK's foreign secretary Philip Hammond has said there is a "significant possibility" that Isis was responsible for destroying the Metrojet A231 flight 7K9268, killing all 224 people on board. Hammond was speaking ahead of a second Cobra meeting, which will be chaired by David Cameron later today, after the Prime Minister suspended all flights out [...]
Remembrance Sunday: These are the services taking place at Cenotaph and throughout London on 8 November November 5, 2015 Remembrance Sunday will take place on 8 November this year, with the main service taking place at the Cenotaph in Whitehall, central London. The service to commemorate British and Commonwealth servicemen and women from the two World Wars and subsequent conflicts will start at 11am. The Queen will pay tribute alongside Cabinet members, opposition party leaders – [...]
SuperGroup sales up 22.4 per cent – but chief executive Euan Sutherland warns over Christmas November 5, 2015 SuperDry parent company SuperGroup has reported a strong first half, but warned that Christmas could be a challenge with strong comparatives to beat. The figures The business has performed well in the first half to 24 October, with sales up 22.4 per cent across the group. The retail division drove much of the growth, up 30.9 per [...]
Morrisons share price falls as interims show profits plummet 35 per cent; chief executive David Potts admits turnaround will be “a long journey” November 5, 2015 Morrisons' share price fell this morning after the supermarket revealed yet another set of bad results, with underlying profits down more than a third. The figures The troubled supermarket, which yesterday sold off its convenience stores arm, said underlying pre-tax profits had tumbled 35 per cent to £117m, while turnover had dropped 5.1 per cent [...]
