Knight Frank’s chairman calls for a reversal of changes to stamp duty tax October 10, 2016 Chairman of the estate agents Knight Frank has called on the UK government to reverse changes to stamp duty taxes. Former Chancellor George Osborne increased the rate of stamp duty of second homes, a change that came into effect at the beginning of April, leading many buy to let landlords to flee the property market. [...]
Uber on the Night Tube: We’re still here, don’t forget us October 7, 2016 Uber has released statistics today showing how its number of rides has been affected by the introduction of the Night Tube. The Jubilee Line will start running 24-hour weekend services from tonight (and we've put together a list of the best ways to make the most of it), and Sadiq Khan confirmed this morning that the Northern [...]
Northern Line night tube launch date confirmed as 18 November October 7, 2016 The mayor of London has confirmed that the Night Tube will launch on the Northern line next month. With Night Tube services beginning on the Jubilee Line tonight, Sadiq Khan announced today that 24-hour weekend services will begin on the Northern Line on 18 November, confirming reports from last month. Northern Line night trains will run from [...]
Sadiq Khan’s plan for one new East London road crossing just isn’t enough October 4, 2016 After years of lobbying for more fixed river crossings east of Tower Bridge, Sadiq Khan’s announcement yesterday that the Silvertown tunnel, along with a DLR extension from Gallions Reach towards Thamesmead and a cycle bridge between Rotherhithe and Canary Wharf, will get the go-ahead is hugely welcome news for London. But he must not stop [...]
“No question” government will address the City’s fears over Brexit says David Davis October 4, 2016 Brexit secretary David Davis has vowed to “resolve” fears from the City over the loss of access to European markets in the aftermath of leaving the EU. Speaking at the Conservative party conference in Birmingham, Davis said the government was working to minimise risks to the financial services sector. London mayor Sadiq Khan has been [...]
Here are Sadiq Khan’s new plans for East London river crossings October 4, 2016 The Mayor of London has unveiled new plans for river crossings to be built over the next five to ten years, across East and South East London. Sadiq Khan said he hopes the crossings will improve travel across the capital, as well as supporting new affordable homes and business opportunities in East London. There are [...]
Value growth for properties in the Nine Elms development set to fall dramatically by 2020 October 3, 2016 Value growth for residential properties in the Nine Elms development is set to fall dramatically over the next three years. According to JLL, average value growth for residential property across Nine Elms was nearly 35 per cent between 2011 and the end of 2015. However, this is set to drop to growth of just six [...]
Housebuilder share prices climb on chancellor’s £5bn stimulus package for the industry October 3, 2016 Housebuilders' share prices have been climbing today after chancellor Philip Hammond announced he would be providing a £5bn stimulus package for the industry. Hammond will be setting aside £3bn to help build 25,000 homes during the parliament and a further £2bn to encourage developers to build on surplus public land. At time of writing, Persimmon's [...]
TfL signs £79.7m five year deal with Serco to upgrade the capital’s thousands of Boris bikes October 3, 2016 Transport for London (TfL) has signed a deal with Serco to develop the next generation of London’s cycle hire scheme, Santander Cycles. The five year contract is valued at £79.7m and Serco will distribute and maintain the hire scheme, while the upgraded bike will be made by Pashley Cycles, a Stratford-upon-Avon firm which celebrated its [...]
LinkedIn warns of Brexit talent block (and these three sectors could be worst hit) September 30, 2016 LinkedIn has warned that Brexit could stop UK business from accessing the best and the brightest talent from Europe, with professional services, technology and finance likely to be the hardest hit. Leaving the EU could put at risk access to top talent from across the region which accounts for 40 per cent of professional migration to the UK, [...]