UK house prices: Growth slows again, falling to a six-year low in September as London sees prices plummet October 19, 2018 UK house price growth slowed again in September, down to its lowest annual rate in six and a half years at 0.9 per cent. The south east became the first region to report negative annual growth, with house prices dropping a modest 0.1 per cent year on year, according to Your Move’s House Price Index. [...]
Hit the road: MPs urge government to ban diesel and petrol cars by 2032 October 19, 2018 Calls to scrap petrol and diesel cars in just 14 years time are “impossible to achieve”, according to the car industry. The Business, Energy and Industrial Strategy (Beis) committee has urged the government to bring forward its 2040 target to stop selling cars running on petrol and diesel fuels to 2032. Read more: Car industry [...]
TfL is building tiny, affordable one-bed flats around London for priced-out first-time buyers October 18, 2018 A series of “genuinely affordable” but tiny one-bedroom homes are set to pop up around the capital, marketed at buyers priced out of the housing market. Single people or couples buying one of the 125 flats would own the entire property from day one, said Transport for London (TfL), which has partnered with private developer [...]
Brexit: Theresa May is losing the confidence of colleagues as negotiations stall, says ex-minister October 18, 2018 Prime Minister Theresa May is losing Cabinet members’ trust in her ability to reach a Brexit agreement, a former minister claimed today, accusing both the UK and EU of secretly hoping for a no-deal scenario. May and her EU counterparts are running down the clock towards a no-deal Brexit, said Tory MP Nick Boles, who [...]
Sales drop at Rank Group’s Grosvenor Casinos and Mecca Bingo chains October 18, 2018 Rank Group’s latest sales have fallen almost five per cent year-on-year as it took a hit from high rollers ditching its casinos, it said in a trading update today. Takings at the company’s venues fell 6.1 per cent for the four weeks to mid-October, with its chain of Grosvenor Casinos seeing a drop in like-for-like [...]
Tube delays: Severe delays hit Metropolitan Line and District Line amid travel disruption October 17, 2018 Severe delays are affecting the Metropolitan Line and District Line this morning, with minor delays hitting four other Tube lines. The entire track of the Met line is affected due to a faulty train at Finchley Road earlier today, with Transport for London (TfL) telling commuters that their tickets will be accepted on local bus [...]
Pearson tells investors it expects to return to growth as it swaps textbooks for online classes October 17, 2018 Education publishing business Pearson said it is on track to return to growth this year, despite declining US demand weighing down on its finances. The education publishing business today said it is “set up well for the future” as it anticipates a return to underlying profit growth for 2018, sending shares up four per cent [...]
Paddington travel chaos: Commuters told to avoid station as power line failure leaves train services suspended October 17, 2018 Commuters faced a travel nightmare this morning, with Paddington station plunged into chaos after a Hitachi train reportedly caused damage to 500m of electrical power lines during a test last night. The Heathrow Express service from Paddington and trains to and from Reading are not running due to faults with the overhead power lines near [...]
UK wage growth accelerates at fastest rate since financial crisis October 16, 2018 Employees received a bumper pay rise in the three months to the end of August, data from the Office for National Statistics (ONS) revealed today, showing wages have grown at their fastest rate since the financial crisis. Employees’ average weekly earnings received a bumper year-on-year rise of 3.1 per cent excluding bonuses, or 2.7 per [...]
Shopping spree: Aldi and Lidl gain market share at expense of big three supermarkets October 16, 2018 The UK's biggest supermarkets lost ground to their budget rivals in the three months into the start of October, as the return of chilly weather marked the end of a bumper summer of growth. Tesco, Sainsbury's and Asda all lost market share to Aldi and Lidl, with Tesco shedding 0.6 percentage points and Sainsbury's losing 0.4 percentage points [...]
