The trade deficit narrowed in October for the first time since the Brexit vote – but not because of weak sterling December 9, 2016 The trade deficit narrowed to £2bn in October, new figures have shown – although it's unlikely it was thanks to the weak pound. The figure, published by the Office for National Statistics (ONS) this morning, was down from £3.8bn in September last year – and driven by exports, which rose £2bn, while imports fell by [...]
Revealed: The “deeply worrying” decline of buy-to-let sales after the government’s “war on landlords” December 9, 2016 Sales of buy-to-let homes have plummeted more than half in the last 12 months, after the government launched a "war on landlords". Figures by estate agent Haart showed the number of properties sold as rental homes in England and Wales fell 63.7 per cent in the year to November, while the number of landlords registering [...]
The Waterloo & City line is suspended after a signal failure in the middle of the morning rush hour December 9, 2016 In a week of transport misery for Londoners, City workers faced even more misery this morning when the Waterloo & City Line was suspended. The line was suspended in the middle of the morning rush hour, just after 8am, because of a signal failure at Bank, Transport for London (TfL) said. https://twitter.com/wlooandcityline/status/807135825884549121 Read more: Every route [...]
A new Tesla dealership is opening in West London today December 9, 2016 Tesla fans, take note: a new dealership will be launched in Chiswick today. The new dealership, on Hogarth roundabout, will have both the Model S and the Model X on show – although not yet the much-anticipated Model 3, which was unveiled by the company in April but has yet to roll off the production line. [...]
The FCA is cracking down on peer-to-peer lending and crowdfunding (again) December 9, 2016 It seems like only yesterday the Financial Conduct Authority (FCA) was telling peer-to-peer lenders they must behave more like banks. Now the financial watchdog has proposed tough new rules, which will force crowdfunding and peer-to-peer lending platforms to comply with the same rules as major lenders on mortgage lending, restrict cross-platform investment and make them [...]
Who said millennials don’t want to climb the property ladder? December 9, 2016 In the 1960s and 1970s architects designed a maze of gigantic housing estates stretching from Elephant and Castle to Peckham. When the buildings were complete, you could walk from the Aylesbury Estate near Elephant and Castle to the North Peckham estate via the Elmington Estate in Camberwell using elevated pedestrian walkways without ever touching the [...]
Millennials don’t want build to rent. They want to buy homes like everyone else December 9, 2016 In the 1960s and 1970s architects designed a maze of gigantic housing estates stretching from Elephant and Castle to Peckham. When the buildings were complete, you could walk from the Aylesbury Estate near Elephant and Castle to the North Peckham estate via the Elmington Estate in Camberwell using elevated pedestrian walkways without ever touching the [...]
Conservatives keep a firm hold in the Sleaford by-election as Labour says: “This was not the result we hoped for” December 9, 2016 Well, this is awkward. The Conservatives have kept their grip on the Lincolnshire seat of Sleaford and North Hykeham, after the constituency's original MP resigned over "irreconcilable policy differences". Caroline Johnson held on to the seat for the party, with more than 53 per cent of the vote, while Ukip came second, with 13.5 per [...]
Mulberry profits hit by weak sterling December 8, 2016 Revenues were up in the first half of the year for luxury handbag brand Mulberry – but profits were dented by the weak pound, it said today. The Somerset-based manufacturer said revenues rose 10 per cent to £74.5m in the 26 weeks to the end of September, up from £67.8m the year before – but it [...]
Major UK banks are in advanced talks to move to Paris, the head of the French financial regulator reckons December 8, 2016 Some of the UK's largest lenders are in "advanced" talks to move to Paris, the head of France's financial regulator has said. In a move which could lead to scores of UK-based banking roles moving to the French capital, Benoit de Juvigny told the BBC's Newsnight "large international banks" were already in the process of doing due [...]
