House prices “under greatest pressure” in London and south east as rate hikes take their toll May 9, 2023 The average price of a home dipped slightly by 0.3 per cent in April but homes in the South of England and London remain "under the greatest pressure” as they face the most expensive property prices and borrowing costs.
Green push: Canary Wharf to get its own private windfarm May 9, 2023 Real estate titan Canary Wharf Group has teamed up with Brookfield, to support a new wind farm in the UK and procure clean energy.
Minister under fire for Hong Kong trade trip May 9, 2023 A leading Hong Kong rights activist, exiled in London, has described the first visit of a UK minister to the territory since 2018 as “unimaginable”. Dominic Johnson, a business minister, was in Hong Kong this weekend “as part of [his] mission to promote the UK as a leading destination for investment and trade”. “Hong Kong [...]
Return to sender: Royal Mail boss ‘set to quit’ after bruising strike battle May 9, 2023 The embattled Simon Thompson's departure from Royal Mail could be announced as soon as this week, according to City sources
As the middle classes rush to degree apprenticeships, poorer British kids miss out May 9, 2023 Degree apprenticeships create a rare species of child - an economically independent 21-year-old, but as middle class parents discover this, they become harder to access for poor British kids, writes Eliza Filby.
The advance of India ahead of China offers new ground for a Global Britain May 9, 2023 As India overtakes China as the most populous country, the UK should make the most of its historical ties to have influence as Delhi starts to throw Beijing's power off-kilter, writes Eliot Wilson.
Morning in the City: News and market updates, live May 9, 2023 Good morning and welcome to City A.M.’s live blog as the Square Mile returns to work after the Coronation weekend.
Why you should never, ever bet against UK house prices May 9, 2023 Remember the start of the year? “UK house prices have gone into sharp reverse over recent months. And we expect that elevated mortgage rates will result in at least a 12 per cent price correction,” so said Capital Economics at the time. This is from building society Nationwide last week: “While annual house price growth [...]
City needs a whole ecosystem to attract the best and brightest May 9, 2023 Soft power success or waste of time and money? We’re more inclined to side with the Lord Mayor than some on Twitter when it comes to the weekend’s festivities. Clearly, the coronation was always going to kick off an almighty debate on the role of the Royal Family in the twenty-first century; but regardless of [...]
The pomp and spectacle of the Coronation is a display of our soft power to the world May 9, 2023 Major events like the Coronation create unity at home and boost our soft power abroad - and so does our monarchy, with its strong link with the City of London, writes Nicholas Lyons
