EXCL – Renters and homeowners go head to head: Tenants want price controls while landlords feel penalised December 21, 2022 While landlords say there is too much regulation in the private rental sector, a majority of tenants in the UK say that there is not enough, according to new research shared exclusively with City A.M. today. Almost three in four tenants say that the rental market needs tighter regulation to protect renters, but over three [...]
Britain’s workaholics: Meet the Hackney fishmonger who is up earlier than the milkman December 21, 2022 Britain’s small business owners are among the hardest working people in the country with many up before the milkman and still going long after the DJ has played their final song. Nearly half of bosses work more than 50 hours per week while a third start work before 5am – a time better known to [...]
Best London areas to live: From schools to roads and care, this is where council tax takes you the furthest December 21, 2022 As the cost of living crisis rages, energy bills are rising and inflation is biting harder than ever, the council tax rebate scheme was introduced to lift some burden off Brits’ shoulders. However, with it still a significant cost, where in London and across the UK are residents getting the most in return for their council tax? [...]
Older Brits in need of cash return to work in droves as cost of living chaos destroys budgets December 19, 2022 Money is a key motivator for older workers returning to work as the merciless cost-of-living crisis increasingly bites, it has emerged. The Office for National Statistics has published experimental data on the motivations for the over 50s to return to work. Money is an important motivation to return to work for all groups, particularly younger groups, with 69 per [...]
Despite Britain’s Brexit borders, immigration at record 1m a year to become ‘new normal’ in UK December 19, 2022 Britain must prepare for a new era of high immigration caused by UK domestic need and changes in global economics and politics, a new think-tank paper said today. The post-pandemic immigration rate of 1.1m arrivals a year could be the start of a trend towards historically high migration levels in the coming decades, according to [...]
End of the road for London’s largest African restaurant as Camden Town favourite Shaka Zulu shuts down December 19, 2022 The management of one of London’s best-known restaurant, Shaka Zulu, confirmed to City A.M. this morning that the establishment will close in the next few weeks. After more than 12 years in businesses, building a loyal clientele comprising of Londoners, business diners and tourists, London’s largest South African restaurant said “it is with great sadness [...]
Mini budget drama: UK banks face wave of ‘exotic’ forex derivatives claims after collapse of Pound December 15, 2022 Legal disputes between banks and their business customers are expected following the collapse in the value of sterling against the U.S. Dollar and the volatility of other currencies. The dramatic volatility of currencies over the last few months will have led to many businesses facing substantial losses from complex Forex derivatives contracts they had entered [...]
EXCL – UK investors abandon Sunak and Hunt as only one in four have faith in Tory economic policy December 15, 2022 Just over one in four UK investors have faith in Tory economic policy, with the majority concerned about slowing economic growth, according to new research shared exclusively with City A.M. today. In fact, less than a third believe Jeremy Hunt is the right person to be chancellor. Just 27 per cent have confidence in the [...]
‘At last!’: City cheers signs of UK inflation passing its peak December 14, 2022 The City has cheered fresh figures out today that revealed this year’s historic inflation surge may have finally turned a corner. Prices accelerated 10.7 per cent over the year to November, down from a 41-year high rate of 11.1 per cent in the previous month, according to the Office for National Statistics (ONS). The fall [...]
Nairobi expat community puzzled by missing Brit found four days later drinking ‘keg’ in local slum bar December 13, 2022 There is widespread disbelief and somewhat bemusement among expats and locals in the Kenyan capital of Nairobi, after a British national went missing but was found four days later drinking in a slum bar on the city’s outskirts. Last Tuesday, friends of 22-year old Nelson Newbery, originally from London, sounded the alarm after the young [...]
