House prices: Growth rates surge across UK, with London homes averaging £509,000 June 29, 2021 UK house prices: Growth rates surge across UK, with London homes averaging £509,000
Consumer credit borrowing exceeds repayments for first time since August June 29, 2021 Households borrowed more in consumer credit than they repaid in May for the first time since August, according to Bank of England data published on Tuesday. Net consumer credit was £280m in May, reversing a trend seen throughout the majority of the pandemic as households reined in spending whilst the economy was shuttered. The positive [...]
Cost of buying first home in London more than doubles over last half century June 26, 2021 Today’s first-time-buyers in London have to pay two and a half times as much for their first home as they did five decades ago, according to new research. A report published by the Resolution Foundation today shows the cost of purchasing a first home with a mortgage in the capital was £212,000 in 1974 – [...]
Renegade wine made in Bethnal Green – with YOUR face on it June 24, 2021 Warwick Smith is Bethnal Green’s first and so far only winemaker, and probably the only one that puts his customers’ faces on the bottle. “We ask people to put themselves forward every year and we pick a selection. The idea is that the wines stay with the people. If we make the same wine in [...]
Channel 4 privatisation risks pulling the plug on UK production June 23, 2021 When Thatcher’s government set up Channel 4 back in 1982 as the boisterous youth-focused challenger to the BBC behemoth, it was a radical shake-up of Britain’s fusty broadcasting landscape. Now, almost four decades later, that same landscape is unrecognisable, its skyline dominated by the giants of the internet and streaming age. It’s in this context [...]
Property transactions fall in May as end of stamp duty holiday cools market June 22, 2021 UK residential property transactions fell in May, with buying and selling in the coming months likely to reduce further as the stamp duty holiday ends. There were 114,940 residential property transactions in May, according to ONS figures, some 3.9 per cent lower than in April 2021. House prices have boomed in the last year due [...]
Rosé Prosecco: Why this once-banned drink was the star of 2020 June 18, 2021 I think we can all agree that 2020 had few highlights but let me put this forward as a big hitter… Pink Prosecco. Yes, you heard correctly, rosé Prosecco was only legalised in 2020 which means last year marks the first harvest and creation of an entirely new type of wine. History was made and [...]
New Porsche 911 GT3 Touring is a more subtle supercar June 17, 2021 Out goes the gigantic rear wing, in comes a leather-lined interior – meet the new Porsche 911 GT3 Touring Pack. We want one already.
The vaccine rollout has been a success but it has still fallen prey to Whitehall inefficiency June 17, 2021 Dominic Cummings has yet again attempted a forced exorcism of Matt Hancock from the government. To the ex-special adviser, the Health Secretary represents everything wrong with Whitehall and its bureaucracy: a failure to innovate, to find creative solutions or to ensure pinch points of stasis in existing symptoms do not become endemic. In this, at [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 16, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. CBRE board bags ex-BlackRock real estate lead A former head of global real estate at investment heavyweight BlackRock is set to join real estate services firm CBRE in June. Marcus Sperber [...]