Saving British Steel leaves taxpayers with £900m bill June 25, 2025 The government’s decision to take emergency control of British Steel is poised to cost the taxpayer just short of £1bn, according to initial government estimates, sparking warnings from opposition politicians that the Chancellor’s narrow fiscal headroom is in jeopardy. The Office for National Statistics (ONS) expects the public finances to suffer a £900m hit from [...]
FCA reviewing bank risk appetite to boost home ownership June 24, 2025 The Financial Conduct Authority has said it will review lenders’ risk-taking in its bid to boost home ownership. The City watchdog said it was seeking a “public conversation” on the “future of the mortgage market” as it looks to support economic growth through an overhaul on mortgage rules. An update to “responding lending rules” was [...]
London won’t come close to 88,000 homes a year by 2029 June 24, 2025 London’s housing crisis exists on a spectrum, from the weary resignation of young professionals, first-time buyers and university students – to an acute, impossible state of affairs for those stuck in mouldy homes or unable to pay rent. Few disagree that a housing crisis exists, and few can find good reasons to lament the government’s [...]
John Textor plans to buy another English club after £175m Crystal Palace sale June 23, 2025 Crystal Palace co-owner John Textor plans to buy another English club after agreeing to sell his stake in the Premier League side to fellow American Woody Johnson. Textor has signed a legally binding deal to sell his 43 per cent stake in Crystal Palace to Johnson, the former US ambassador to the UK who owns [...]
Lord Darzi: Tech and global collaboration could save the NHS’s ‘critical condition’ June 20, 2025 The NHS is in ‘critical condition’ and in urgent need of reform, but technology and international partnerships, particularly with India, could hold the key to its recovery, said Lord Ara Darzi. “We have a lot to learn from our colleagues in India”, Darzi announced on Thursday at the India Global Forum. “They’ve done some really [...]
House prices slump in April: ‘Supply is beginning to outweigh demand’ June 18, 2025 UK house prices fell in April as affordability issues constrain demand following the end of the stamp duty holiday in March. House prices fell 2.7 per cent month on month in April, according to the Office for National Statistics (ONS). Prices increased by 3.5 per cent to £265,000 in the 12 months to April 2025, [...]
UK house prices drop as motivated sellers slash asking prices June 16, 2025 UK house prices dipped in June amid a jump in the number of homes coming to the market. New asking prices fell by 0.3 per cent to £378,240 in June amid a “decade-high” competition to secure buyers, according to Rightmove’s latest house price index. Prices are now 0.8 per cent ahead of this time last [...]
Will lower stress tests for mortgages fuel a first-time buyer boom? June 13, 2025 Easier access to mortgages might replace the stamp duty holiday as fuel for the starter homes market, with prices forecast to soar if affordability improves. The average price paid by a first-time buyer grew by 2.1 per cent in the first quarter and by 7.1 per cent year on year, according to government data. While [...]
London Tech Week day 3: Let’s use that NHS budget on tech June 11, 2025 From NHS waiting lists to global warming, if we get it right we can use technology to address our biggest challenges, writes Russ Shaw.
I’ve dealt with gangsters and petrol bombs, but Nimbys are a bigger threat to nightlife June 11, 2025 As founder of the world’s biggest nightclub and a festival for 80,000 punters, Manchester’s night time economy advisor Sacha Lord has dealt with guns and petrol bombs. But he says the biggest threat he’s encountered is Nimbys trying to shut down festivals like Brockwell Live What qualifies me to write about Nimbys being nightlife’s biggest [...]