From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy
Home buyers face stamp duty of up to 881 per cent higher after Covid-inspired tax holiday March 24, 2022 Since the pandemic-inspired stamp duty holiday came to an end, the amount of SD the average homebuyer in England is now required to pay is 84 per cent higher than it was before the tax break was introduced, and some areas have seen this cost increase by as much as 881 per cent, according to [...]
Ed Warner: Does it really matter if Chelsea buyers are true Blues fans? March 24, 2022 Who are the wannabe owners of Chelsea trying to impress when they flaunt their fandom? Investment bank the Raine Group is only likely to give a jot when someone first stood in the Shed, or how long they’ve sat in the same seat in the Matthew Harding Stand, if this matters to HM Treasury. If [...]
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
Home transactions up with market for pricey properties booming compared to pre-Covid levels March 22, 2022 Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]
Trading in Russian bonds resumes, but yields fly higher March 21, 2022 Yields on Russian bonds soared today after authorities un-froze trading in government debt for the first time since the day after the Kremlin invaded Ukraine. Investors dumped OFZ Treasury bonds – the acronym for Russian government loan obligations – on fears Moscow will be unable or unwilling to pay its debts due to Western sanctions. [...]
UK house prices surge above £350,000 as demand outstrips supply March 21, 2022 The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
Gazprom chases buyers amid mass exodus March 20, 2022 The British arm of Kremlin-backed gas giant Gazprom is scrambling to find buyers to prevent its collapse with customers fleeing the company.
Pupil sells verified NFTs of real homes with proptech eyeing total revenue opportunity of $70m March 19, 2022 Spatial data firm Pupil has sold what it says are the first-ever verified NFTs of real-life properties. The London based proptech has launched a new class of NFT which involves very detailed digitisations of real life properties. Speaking exclusively to CityA.M., the company confirmed it has already garnered buyers across residential and commercial real estate. [...]
Today’s crypto investors will rule the booming NFT market March 18, 2022 Nigel Green says cryptocurrencies and NFTs are shaking up the global financial architecture as they increase in dominance.
England must treat French game like World Cup final, says Dallaglio March 18, 2022 Former England captain Lawrence Dallaglio has urged Eddie Jones’s team to treat tomorrow’s Super Saturday Six Nations match with France as a World Cup final. England cannot win the title in Paris but do have a chance to end a disappointing championship on a high and deny one of the in-form international sides their first [...]