Pandora Papers leak: Putin, Tory donors and the King of Jordan among the rich and powerful with financial secrets exposed October 3, 2021 The secret deals and hidden assets of the world’s most powerful politicians and billionaires have been revealed in the biggest leak of financial offshore data in history. More than 100 billionaires, 30 world leaders and 300 public officials’ undercover dealings have been exposed in a joint investigation by BBC Panorama with the Guardian and other [...]
With S&P 500 down 4.8 per cent, September counted the worst losses since March 2020 October 1, 2021 September counted the worst monthly losses since the beginning of the pandemic, with stocks on Wall Street falling broadly yesterday. The S&P 500 ended the month 4.8 per cent lower, its first monthly drop since January and the biggest since March 2020, when the viral outbreak rattled markets as it wreaked havoc with the global [...]
Spoilt for choice: Mortgage deals below 1 per cent skyrocket 400 per cent in just three months September 29, 2021 Mortgage deals with rates below 1 per cent have skyrocketed by more than 400 per in the last three months, according to new research. In June, just 10 deals with rates below 1 per cent were available, MoneySuperMarket found. But by September, there were 50 mortgage products on the market with rates below 1 per [...]
Low-paid workers could be priced out of tourist hotspots September 28, 2021 Some workers could be priced out of their tourist communities as house prices and rents soar in seaside locations. There have been concerns an exodus of workers from costly coastal and rural areas could exacerbate shortages in tourism and hospitality sectors. House prices rose at three times the national rate in some rural and coastal [...]
Exclusive: Study reveals 42 per cent drop in pre-owned private jets for sale as demand increases during pandemic September 27, 2021 There are only around 142 pre-owned private jets for sale in Europe at the moment, which is 42 per cent lower than in December 2019, when there were 243 pre-owned private jets on the market, and 31 per cent lower than December 2020, with 207 pre-owned jets up for sale then. Germany, The Isle of [...]
Labour promises to grant first-time buyers exclusive rights to new-builds September 24, 2021 Labour has promised to give first-time buyers “first dibs” on new-builds for six months. The party said it would prevent properties being sold off-plan to developers before locals can buy them, under plans to be set out at its annual conference. It will also state a government led by Keir Starmer would cap the amount [...]
Bitcoin on road to recovery, but options expiry on Friday looms large September 23, 2021 The cryptocurrency market continues to recover this morning, with Bitcoin (BTC) rising around four per cent in price over the last 24 hours to just below the $44k mark.
London property: First-time buyers make a comeback September 20, 2021 Nearly three in every ten home sales went to first-time buyers last month, the highest proportion in over a year, according to new data from various large estate agents. It marks the highest percentage since June 2020, when 29 per cent sales went to people getting on the property ladder, according to estate agents’ body [...]
Buyers face hot competition as average house price hits all-time high September 20, 2021 The national average price of property coming to market has hit an all-time high after rising 0.3 per cent this month, to £338,462. This new record high is only £15 higher than the previous record set in July, suggesting a stabilising prices, according to Rightmove’s house price index. Buyers are facing fierce competition to buy [...]
Hop growers, breweries and Tesco team up for ‘fruitier’ IPA-style beers to counter US imports September 16, 2021 A Worcestershire hop grower has teamed up with a Derbyshire brewery and retailer Tesco on the first of a series of “all-British grown” IPA-style beers aimed at halting the charge of imported ingredients from America. Newland-based hop factor and merchant Charles Faram has been on a 10-year mission to modernise the flavour of British hops [...]