Aberdeen handed £250m government fund as oil price continues to fall January 28, 2016 One of the UK's most oil-focused cities has been handed a £250m fund by the government, as the price of oil continues to fall. This morning the government announced a £250m UK City Deal fund, which will support North Sea explorers to exploit reserves. The fund will also be put towards expanding Aberdeen harbour, meaning [...]
London house prices: Housebuilding hit its highest in eight years in 2015 – but new home registrations fell in London, says NHBC January 28, 2016 Londoners, hold on tight: the housing crisis is getting worse. Figures from the National House Building Council (NHBC) showed the number of new homes registered in the capital actually fell last year – despite a raft of government measures aimed at easing pressure on the housing market. The figures, published this morning, showed 25,994 new homes [...]
Japanese economy minister Akira Amari resigns after denying bribery allegations January 28, 2016 Japanese economy minister Akira Amari has stepped down after he was accused of receiving bribery from a construction company. The BBC reported Amari told a news conference: Japan is finally emerging from deflation … We need to pass legislation through parliament for steps to beat deflation and create a strong economy as soon as possible. Anything [...]
Number of people worried they’ll never be able to afford to retire increases January 27, 2016 We talk a lot about the amount of pressure the younger generation are under – but those nearing retirement age have it just as hard, it turns out. A new report suggests that the number of people who said they're worried they may never be able to completely retire has risen to 12 per cent of [...]
UK chip designer Arm hit by Apple results as share price slides January 27, 2016 Everyone's favourite Brit chip designer, Arm Holdings, has been hit by disappointing results from Apple, with shares sliding 2.3 per cent to 991.5p in early trading. The Silicon Valley giant is one of Arm's biggest customers, which makes its money by licencing designs for microchips to the likes of Apple and many of its rivals. Last night [...]
UK house prices: The number of homes on the market has halved in the past 10 years, say estate agents January 27, 2016 Attention househunters: it's about to get rough out there. The National Association of Estate Agents (NAEA) has said the number of homes available to buyers fell to 37 per estate agent branch in December, the lowest figure for 2015 – and half the number available at the same time in December 2005. The figures also showed the [...]
Science minister George Freeman: The City of London has to be at the centre of the fourth industrial revolution – funding breakthroughs in technology and biosciences January 27, 2016 You heard it at Davos, and in every boardroom in the City and Whitehall: what does the new model of 21st century innovation look like? How will the internet and bioscience revolutions – the "Fourth Industrial Revolution" – change our lives in the same way as the radio, automotive and aerospace sectors did over the last [...]
Nationwide house price index: Get set for an acceleration in UK house price growth January 27, 2016 Hold on to your hats: house price growth is "skewed towards a modest acceleration", a lender has warned, as it reported growth held steady in January, at 4.4 per cent on last year. In its monthly house price index, chief economist Robert Gardner said forward momentum in the labour market and record-low interest rates, which [...]
UK house prices: From London to Leeds, here are the UK’s cities, ranked from least to most affordable property January 26, 2016 House prices in the capital may be shooting up, but considering Londoners tend to earn a lot more than those living in, for instance, Glasgow, what does that actually mean? A new report ranks world cities by how much house prices are in comparison to locals' average salaries. And while London (unsurprisingly) is named one of the world's most [...]
