UK economy: ‘Consumers see dark days ahead’ January 24, 2025 GfK's overall consumer confidence index fell to -22, which was down five points on December and put confidence at its lowest level since the end of 2023.
The UK’s housing crisis is creating a generation of broke retirees January 24, 2025 The affordability crisis in the UK housing market is creating a generation who will still face monthly mortgage or rent payments well into retirement, according to a new study. With deposits increasingly hard to save up for and mortgages increasingly burdensome, few people will be free of housing costs by 2050, unless something changes. A [...]
No noise LA fires could impact 2028 Olympic Games, UK broadcaster says January 23, 2025 LA Olympics broadcaster Warner Bros. Discovery doesn’t believe recent Los Angeles fires will impact the 2028 Games. Wild fires have swept across swathes of California in recent months, causing huge amounts of damage and forcing mass evacuations. The city is set to host the next summer Olympics, in 2028, following on from Paris last year. [...]
Capital Economics: Consumers to be ‘key driver’ of growth for UK economy January 23, 2025 The economic consultancy predicts that consumer spending will rise by 1.4 per cent in 2025 and 2.0 per cent in 2026.
Six Nations investors CVC Capital Partners table Oval Invincibles bid January 23, 2025 Private equity giant CVC Capital Partners have reportedly tabled a bid for Hundred franchise Oval Invincibles. It comes as the eight teams are being asked by the England and Wales Cricket Board to shortlist three or four preferred bidders to take through to the next stage of the auction. The ECB is selling each of [...]
Bank of England policymaker: ‘Dragons of market discipline are alive and well’ January 23, 2025 "There have been spikes in yields in a number of individual countries in recent years, including the UK, that indicate the dragons of market discipline are alive and well," she said.
Clear and simple calendars like NFL, not tennis, should be applauded in sport January 23, 2025 The NFL, unlike tennis, should be applauded for its clear and simple sport calendar that sees athletes thrive, writes Ed Warner. Naomi Osaka, Gael Monfils, Jack Draper. Each retired from the Australian Open mid-match. No substitutes bench in tennis, so the ultimate anticlimax for spectators. Injuries are an occupational hazard, but across sport the sheer [...]
UK economy: Consumers catch ‘January blues’ as confidence slumps January 23, 2025 Confidence in the health of the economy fell to its lowest level since the BRC started collecting data on the topic in March 2024.
Could the Bank of England push the UK into recession? January 23, 2025 As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option. Launched in 2009 to save a collapsing financial system, it was supercharged during the pandemic, [...]
London terrace conversion brings colour and fun to Victorian flat January 22, 2025 The Hot Property team love nothing more than a London conversion that takes the awkward spaces of a period flat and turns them into something modern and fun. This conversion of a first floor Victorian terrace located within the Cobourg Conservation Area next to Burgess Park in Southwark, manages to accentuate the period details of [...]