Angry leaseholders protest against footing cladding bill outside Parliament April 20, 2022 Angry leaseholders and tenants have gathered outside Parliament to protest the Building Safety Bill which is being debated in the Commons today. The Bill aims to fix cladding on taller buildings which have been deemed a major fire risk, following the Grenfell disaster in 2017, but has handed leaseholders the responsibility to fund the fixes. [...]
Bulb Energy boss defends £250,000 salary as he apologises for firm’s collapse April 19, 2022 The co-founder and chief executive of collapsed supplier Bulb Energy (Bulb) has apologised for costing the taxpayers billions of pounds.
Wayne Rooney blames Candy Crush tycoon Mel Morris following Derby relegation April 19, 2022 Manager Wayne Rooney has pointed the finger at former Derby owner Mel Morris after the club’s relegation to the third tier was confirmed. The former English champions, who were penalised 21 points for financial infringements, can no longer avoid the drop following Monday’s defeat at Queen’s Park Rangers. Derby have played most of the season [...]
Oil prices rebound amid looming prospect of EU sanctions April 15, 2022 Oil prices have surged amid reports the European Union could finally phase in a ban on Russian oil imports.
Price of average UK home skyrockets to £276.7k as cost of living crunch clouds home ownership dreams April 13, 2022 The average price tag of a home in the UK hit £276,755 in February, according to government figures. Rising house prices come as Brits have been forced to tighten household purse strings amid historic levels of inflation. The annual price change for a property in the UK was 10.9 per cent. The average price of [...]
Stephen Pagliuca: Boston Celtics owner breaks silence, vowing to make ‘substantial’ Chelsea bid April 12, 2022 Potential Chelsea FC buyer Stephen Pagliuca says he will submit a “substantial and credible” bid for the European champions, while hinting at reducing his stake in Italian club Atalanta. In a statement reported first by Sky News, the co-owner of the Boston Celtics basketball team also pledged to support both the men’s and women’s teams [...]
How long can Russia withstand the sanctions? April 12, 2022 In response to its invasion of Ukraine, Russia has been targeted with severe economic sanctions. How impactful will they be? We have yet to see a serious, data-driven analysis. Some predict the embargo will initiate a Russian financial collapse very quickly, while others expect it will constitute more of a long and slow drag on [...]
Blend secures £120m boost for lending extra ‘muscle’ to UK property developers April 11, 2022 Property capital firm Blend Network has secured a record £120m boost to its lending of that extra “muscle” for UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a consortium of six large family offices “Obtaining a record £120m committed funding line from such a [...]
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, [...]
House prices jump to record £282,753 amid highest inflation since mid-2007 April 7, 2022 The average price of a home has jumped 11 per cent over the past year to a new record figure, according to the Halifax House Price Index. The average price of a house is now £282,753, a steep increase of £43,577 in just two years after the UK’s first Covid-19 lockdown. Prices have increased 1.4 [...]