Property deposits for first-time buyers swell over 50 per cent in last decade April 11, 2022 The average deposit for first-time buyers has rocketed more than 50 per cent over the last 10 years – even after adjusting for inflation, according to a new study. As homeownership falls further out of reach for first timers, those trying to get on the property ladder must have a deposit of more than £45,500, [...]
Letter to Boris: Sunak calls for independent advisors amid wife’s non-dom status April 11, 2022 Rishi Sunak has written to the Prime Minister this evening asking him to refer his ministerial declarations to the Independent Advisor on Ministers’ Interests.
Audioboom revels in record quarter revenues with robust advertising growth April 11, 2022 Audioboom has sounded off its first quarter with record revenues of $19.7m - up 107 per cent year-on-year amid robust advertising growth.
Tortilla enjoys record revenue jump as it opens new site in Gatwick Airport April 11, 2022 Mexican restaurant chain Tortilla has secured a record revenue for the past 12-months, despite kicking off the year with Covid-19 closures. The retailer enjoyed a nearly 80 per cent jump in revenue to £48.1m in the year to 2 January, up from £35.4m prior to the pandemic. Tortilla, an on-the-go retailer, debuted on the London [...]
Rent roll soars for Sirius Real Estate in wake of BizSpace takeover April 11, 2022 Industrial park operator Sirius Real Estate has said its rent roll hit €167m last year after snapping up BizSpace in the UK. The real estate owner said the acquisition of BizSpace in November 2021 had provided the firm with “geographic diversification.” Andrew Coombs, chief executive officer of Sirius Real Estate said the established operating platform [...]
Rishi stole the crypto thunder with an NFT as Whitehall fights to go digital April 11, 2022 Last week, away from the grinding tragedy of the war in Ukraine and the ongoing fears over rising costs of living, Rishi Sunak unveiled an eye-catching plan. The Royal Mint is set to launch its own non-fungible token (NFT), marking the beginning of the government’s plans to wade into the cryptocurrency sector. NFTs have been [...]
We need green jobs to build bridges between net zero and the cost of living crisis April 11, 2022 London urgently needs a larger specialist workforce to decarbonise its commercial buildings and meet net zero targets. And there is growing evidence that employees in the capital’s built environment industry itself believe that the sector’s workforce lacks the skills required to achieve the UK’s ambitious climate goals. With concern over a widening “green skills gap”, [...]
London cost of living soars as firms raise prices amid inflation crunch April 11, 2022 Londoners’ cost of living is rising rapidly driven by the capital’s firms hiking prices at the quickest pace ever to stay afloat amid swelling costs, reveals a closely watched survey released today. Businesses across the capital and the UK are being stung by a higher tax burden and swelling operating costs on top of trying [...]
National insurance hike sparks wave of job cuts April 11, 2022 Businesses have unleashed a wave of job cuts to cope with being hit by the national insurance hike, reveals fresh research released today. The pipeline of redundancies has taken off in the last month alone, triggered by firms scrambling to protect their bottom lines ahead of a series of damaging tax rises. The number of [...]
Global economies distracted by crypto must be alive to advanced security threats April 11, 2022 Cyber security isn’t just about somebody reading your email; it has nation-sized implications. Before Russia’s invasion began, a wave of cyberattacks hit Ukraine’s banks and government departments. Now, the US is modelling how it would respond to escalations, including major cyberattacks on financial institutions, according to the New York Times. It’s clear that cyberattacks are [...]
