McColl’s looks to throw away newspapers in food store focus October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]
TfL to sell off land for 10,000 London homes October 20, 2015 Transport for London’s development project is to provide an extra 10,000 homes across the capital. More than 300 acres of TfL land across the city has been brought forward for 10m square feet of development over the next 10 years – with 67 per cent of the sites within zones one and two. TfL, one [...]
Londoners face further rental rate increases October 20, 2015 There is no slowing down for rental rates in the capital, with the average cost per month for a one-bed flat coming in at over £1,000 in three quarters of boroughs. Only nine London boroughs have average rents for one-bed flats below £1,000 per month now, according to the monthly Landbay Rental Index. This is [...]
Businesses run from British homes undertake £32bn of global trade October 20, 2015 More Britons are setting up international businesses from home, new figures revealed yesterday. Post Office International Payments (POIP) estimates that £32bn of goods have been traded with overseas buyers and sellers from so-called spare room traders, who will utilise websites such as eBay. Approximately 70 per cent of all new businesses start off at home [...]
Young Workers Index: German-style training could boost UK GDP October 20, 2015 If the UK could bring down the number of young people not in work or education to German levels, the economy would be boosted by around £55bn, according to PwC’s Young Workers Index. The index measures the labour market impact of workers aged between 20 and 24 across Organisation for Economic Co-operation and Development (OECD) [...]
IFS: Pensioners earning more than workers October 20, 2015 PENSIONERS are better off than ever before, earning more on average than people of working age, according to new research from the Institute for Fiscal Studies (IFS). IFS director Paul Johnson said last night that his research suggests pensioners’ incomes will continue to rise for at least the next decade – but it is unlikely [...]
George Osborne faces more tax credit pressure October 20, 2015 Pressure is building on chancellor George Osborne to reconsider his plans to slash tax credits, with Labour and Conservative MPs alike attacking the proposals ahead of an expected “fatal motion” in the House of Lords. MPs debated the tax credit cuts in the House of Commons yesterday, with new Tory MP Heidi Allen drawing attention [...]
Britain eyes the east as the economic way forward October 20, 2015 The British are a pragmatic nation, if attitudes to China are anything to go by. We Brits believe that China is the great emerging economic superpower, and despite recent wobbles – a slowdown and a stock market crash – that’s not going to change. We see China as overtaking the European Union as our main [...]
Mark Carney plays down potential controversy of Bank’s Brexit report October 20, 2015 BANK OF ENGLAND governor Mark Carney has played down the Bank’s analysis of a UK exit from the EU, telling an influential group of MPs it is “a bit of a yawner”. The Bank is due to publish its findings today after investigating the potential impact a UK exit from the EU would have on its ability [...]
Education tech group launches in London to promote sector growth October 20, 2015 A new body aimed at promoting the education technology sector, Edtech UK, launches in London today. The organisation, along with London & Partners, estimates that the global education technology industry is worth £45bn, and could reach £129bn by 2020. The sector is one of the fastest growing tech markets in the UK, with more than [...]
