Galliford Try awarded £360m Silvertown Way development to build 1,100 homes in Canning Town June 30, 2015 Galliford Try has been awarded a contract by the Greater London Authority to build the £360m Silvertown Way development in Canning Town. The project, which will be delivered through its joint venture with Thames Valley Housing Association, will see Galliford Try build more than 1,100 homes, making it the largest standalone housing scheme the company [...]
UK on track to be the G7’s fastest growing economy again in 2015 June 30, 2015 CHANCELLOR George Osborne may be able to claim the UK economy is the fastest growing in the G7 again this year, new figures reveal. The economy grew by three per cent in 2014, up from earlier estimates of 2.8 per cent, the Office for National Statistics said yesterday. In the first three months of the year the [...]
Haldane cautions against early rate rise June 30, 2015 BANK of England chief economist Andy Haldane has given another sharp warning against an early interest rate rise, saying any such move could be “self-defeating.” Speaking yesterday at the Open University, Haldane said that recent strong wage data had not changed his view about the dangers of tightening policy too soon. According to the most-recent [...]
Sir Hector Sants’ next big move June 30, 2015 FORMER top watchdog Sir Hector Sants will be chairman of Swiss bank Julius Baer’s London unit. The ex-boss of the Financial Services Authority replaces Gian Rossi, who served as chairman for nine years. Sants will remain vice chairman of Oliver Wyman.
London brings out deckchairs for Wimbledon June 30, 2015 WIMBLEDON: it’s the most British time of the year, but you’re stuck at work like it’s not even summer. Never fear, there are loads of places in central London to watch a spot of lunchtime rallying this month. As part of Broadgate’s Summer Live Season, matches are being screened at Exchange Square until late most [...]
Button ditches the fast lane to promote life on two wheels June 30, 2015 Formula One hopeful Jenson Button took a spin around the Science Museum yesterday, not in his F1 McLaren Honda, but on a Boris bike. He was launching the Summer of Cycling festival promoted by new city bike sponsors Santander. Riders are encouraged to use two-wheels to experience the bank’s once-in-a-lifetime events. These include the museum, [...]
Tories to hold open primary vote for Mayor June 30, 2015 The Conservative party’s candidate for mayor of London will be selected in an open election this September, City A.M. has learned. London voters who have been registered as Tories for at least three months will be able to participate in an online ballot, while non-Tory voters will also be able to take part if they [...]
Labour will stop pushing for 50p tax rate says shadow chancellor June 30, 2015 Labour is letting go of the 50p tax rate, the shadow chancellor has indicated. In the last government, former Labour leader Ed Miliband proposed raising the top rate of tax to 50p for people earning more than £150,000 per year. But in a speech in Canary Wharf yesterday, shadow chancellor Chris Leslie said that the party [...]
Londoners paying more in taxes than any other region in the UK June 30, 2015 LONDON households pay more taxes, on average, than their counterparts in any other region of the country, according to a new report out this week. The average London household pays £16,202 in direct and indirect taxes, while receiving £13,598 in total benefits, according to analysis of ONS data from the Centre for Policy Studies (CPS), a [...]
Mind the gap: Commuter belt’s confidence poses problem for the chancellor – Brand Index June 30, 2015 AWEEK from today, George Osborne will deliver his post-election Budget. It will be just over five years since he stood at the despatch box and delivered his first financial statement when he stated one of the aims was to “give confidence to our economy.” But has the chancellor succeeded? In simplistic terms, he has. The [...]
