London rents hit record high July 21, 2023 Average asking rents in London have hit record highs of £2,567 per month, new data shows, with tenants in the capital now paying a third more than they were pre-pandemic. Renters in the capital are forking out £559 more every month compared to the same period in 2019, a new study by Rightmove shows, as [...]
Brits finally sober up to high inflation and interest rate hikes as confidence slides July 21, 2023 Brits have finally sobered up to the damaging impact high inflation and the Bank of England’s interest rate hikes to tame it is having on their finances, a closely watched survey out today shows. Consumer confidence has dropped for the first time since January, down six points to minus 30 in July, according to research [...]
The Alzheimer’s ‘wonder drug’ isn’t the miracle we want it to be July 21, 2023 This week, a new miracle drug for Alzheimer's has raised the hopes for millions of families, but it might have done so with false promise, writes Michael Young.
À la Parisienne: we need to make space for more al fresco dining – and less cars – in our cities July 21, 2023 Demand for al fresco dining in London is strong, but there's no space for restaurants to spread out on the streets. But we should be following this demand, like they do in France, writes Max Pearson-Smith
Natwest boss apologises to Nigel Farage over Coutts account closures July 20, 2023 Dame Alison Rose, chief executive of Natwest, has apologised to former UKIP leader Nigel Farage for “deeply inappropriate comments” made about him in official papers and has ordered a review of Coutts processes after the bank closed his accounts. “I believe very strongly that freedom of expression and access to banking are fundamental to our [...]
A new ‘thing’ on the block? July 20, 2023 With 'fleeting' positivity, lawyer Charlotte Tregunna believes the crypto industry is hearing the right noises over regulation.
Virgin Money to shut 39 bank branches with 255 staff facing redundancy July 20, 2023 Virgin Money is to shut almost a third of its bank branches, with 255 workers facing potential redundancy. The high street banking business said it will shut 39 local banks due to changing customer demand, which has seen fewer people go into banks in favour of online services. The sites affected have seen the number [...]
Investment research review plots a positive path forward July 20, 2023 Lord Holmes details an expert review of the state of investment research he believes will open greater opportunities for London.
Number of fraud cases falls from pandemic highs but remains sky high at 3.5m July 20, 2023 Fraud levels have returned to pre-pandemic levels but remain sky high, according to estimates from the Crime Survey for England and Wales (CSEW). The CSEW estimated that there were 3.5m cases of fraud in the year to March. This was roughly equivalent to pre-pandemic levels, with the CSEW arguing the pandemic fraud spike was not [...]
FTSE 100 close: Dovish Bank of England interest rate bets extend London gains July 20, 2023 London’s FTSE 100 extended gains today as traders continued to cheer signs that UK inflation may have finally turned a corner. The capital’s premier index hopped 0.76 per cent to 7,646.05 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly unchanged at 19,311.73 [...]
