Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
Women now have the means to invest, so why aren’t they? March 6, 2024 Susannah Streeter takes the Notebook pen ahead of this year's International Women's Day to talk about the gender investment gap.
London’s Big Law hires near record level despite recession March 5, 2024 Law firm partner hires in the first two months of 2024 ran at the second highest pace on record. According to data provided by legal recruiter, Edwards Gibson, there were 101 law firm partner moves in the first two months of this year, an increase of 7 per cent on the number of hires the [...]
Hundreds of ‘erroneous’ Companies House filings reveal widespread misinformation on big firms March 5, 2024 Hundreds of "erroneous" filings made at Companies House have raised fears over a sophisticated fraud targeted at banks and other financial providers.
Treasury has no way of recording value for money on borrowing, MPs find March 5, 2024 Government borrowing has ballooned since the early 2000s as a result of a succession of crises, rising from around £300bn in 2003 to as much as £2.5trn last year.
London is crying out for more homes –here’s how the next mayor can build them March 5, 2024 It will take a young couple on a normal income 30 years to save a deposit to buy the average property in London, but there is a way to change that, writes Sam Richards London is in a housing crisis. The boom the city has experienced over the past three decades has seen the number [...]
Bank of England had 28 ‘major’ compliance breaches in a year but ‘good progress’ made March 4, 2024 The public spending watchdog has found dozens of "major" compliance breaches at the Bank of England over the course of a year, despite it taking steps to address shortcomings.
The hidden infrastructure holding back the housing market March 4, 2024 Politicians of all stripes are promising to help more people onto the housing ladder, but behind the headline-grabbing policies, the elephant in the room is whether the mortgage and conveyancing market can cope with a spike in transactions, says Joe Pepper The housing market will be a key battleground in the forthcoming election, and we [...]
More misery for retail as footfall slips to lowest level since pandemic on wet weather and strikes March 1, 2024 Unpredictable British weather has yet again been blamed for hurting trade on UK high streets. According to a report by the British Retail Consortium (BRC), footfall recorded in February slumped to the lowest since the pandemic, falling 9.3 per cent against a 2.3 per cent decline the prior month. Some 23mm of rain fell across [...]
Clare Lombardelli appointed deputy governor at the Bank of England February 29, 2024 Clare Lombardelli has been appointed as the next deputy governor for monetary policy at the Bank of England, replacing Ben Broadbent.