Banks and building societies create more than one-in-10 jobs in five locations across the UK February 23, 2017 The importance of the banking sector in the UK's jobs market has been laid bare by new figures from the British Bankers' Association (BBA). A jobs report from the BBA shows that banks and building societies represent more than 10 per cent of local jobs in five parliamentary constituencies, four of which are outside London. Two [...]
Storm Doris leads to train delays as tree falls on rail tracks – travellers are advised to avoid Euston station February 23, 2017 Storm Doris is wreaking travel chaos across the country today, with rail service disruptions set to continue all day. All west coast services out of Euston have been cancelled, and Transport for London has advised travellers to avoid the station if possible. https://twitter.com/victorialine/status/834759837208760320 London Thameslink services are severely disrupted, and there will be no direct service [...]
Prices on the rise: What next for inflation? February 23, 2017 Inflation is waking up Most of the major central banks are predicting rises in inflation. Price pressure was already beginning to build in 2016 as the world economy showed signs of improvement. Now the policies of a new Trump administration – lower taxes and increased government spending – could increase that pressure. The expectation among [...]
Gale force winds from Storm Doris are set to cause travel disruption across Southern rail routes today February 23, 2017 A storm is brewing on Southern rail. An actual storm. No, it's not fed-up passengers staging an intervention, but a warning that Storm Doris is going to cause some significant troubles on the network today. Passengers have been advised to check before travelling today as gale force winds from Storm Doris have prompted Network Rail [...]
Scrap the utopian net migration target (among other things) to reconcile traditionalists and liberals on immigration February 23, 2017 Across the West, we are experiencing a growing cultural clash between liberals and traditionalists. It was encapsulated by Clinton versus Trump, and now by Macron against Le Pen in France. Former Prime Minister Tony Blair recognised this 10 years ago, saying: “The real dividing line to think of in modern politics has less to do with [...]
Globalworth buys mammoth Renault site in deal worth €42.5m February 22, 2017 An Aim-quoted real estate firm is set to be the new landlord of one of carmaker Renault's largest distribution centres. Globalworth Real Estate Investments has agreed to pay €42.5m (£35.7m) for a Romanian warehouse that Renault currently leases to subsidiary Dacia. Read more: French is the sexiest accent in the world, according to Renault The site covers approximately 68,000 square [...]
A London estate agent has demanded Sadiq Khan offers firms a Crossrail levy holiday as the business rates row continues February 22, 2017 Sadiq Khan's comments on business rate rises in the capital clearly haven't gone down well with some… The mayor said yesterday he was "shocked" by business rate rises set to hit the capital – but a boss at estate agent and consultancy Colliers International has said the mayor can take action himself, and called on Khan to do more. [...]
Our overly centralised tax system has exacerbated the business rates debacle February 22, 2017 Business rates may not be the most captivating subject for most City A.M. readers. But the impact of a delayed revaluation on our shops, pubs and cafes might well be. Changes affecting the £25bn a year tax that ultimately goes to pay for social care, schools, Tube trains and roads are due to come into [...]
Property groups warn £20bn of development finance at risk from government’s finance bill February 21, 2017 The property industry is calling on the government to change its finance bill, warning that measures to clampdown on multinational tax avoidance will also put £20bn of finance for UK developments at risk. The UK government is cracking down on tax avoidance in its annual finance bill by limiting companies claiming interest as a tax-deductable [...]
In full: The letter Sadiq Khan sent to chancellor Philip Hammond on business rates February 21, 2017 London mayor Sadiq Khan has joined forces with a host of business groups to write to chancellor Philip Hammond, warning him about how business rate changes will hit the capital. Business rates changes will come into effect on 1 April, and the new taxes are tied to rents across the UK. As rents have jumped [...]