London property prices: Business bears the cost of the government’s housing failures October 20, 2015 London's housing crisis is a human tragedy. The London Poverty Profile, released today, shows that housing costs are the major driver of a big increase in the number of Londoners who are in work but still living in poverty. But the housing crisis is also an economic tragedy. It is damaging the competitiveness of businesses, [...]
2015 Orionid Meteor Shower: When is it, what is it and where can I see it? October 20, 2015 The Orionid meteor shower happens every year and is connected with Halley’s Comet; it's the debris from its most recent passage, back in 1986, hitting the Earth’s atmosphere. The meteors are the debris left behind by Halley's Comet, which last whizzed past the Earth in 1986, and are the particles from that last passage that slammed against the [...]
Jinping Kerching: David Cameron and Chinese President expected to announce several deals October 19, 2015 Prime Minister David Cameron and Chinese President Xi Jinping are hailing a “golden era” of Sino-British relations on the eve of Jingping’s four-day state visit to the UK, as investors await confirmation of billions of pounds worth of trade and investment deals. Among the expected announcements is a multibillion pound deal to build the controversial new nuclear [...]
Public finance numbers could be back on track – London Report October 18, 2015 THE LATEST public finance figures, due out on Wednesday, are expected to have seen renewed year-on-year improvement in September after a particularly disappointing August. An improved September performance would help get the public finances back on track to reach George Osborne’s targets after taking a hit the previous month. Economists expect public sector net borrowing [...]
Christopher Bailey’s sky high pay is hard to justify as Burberry’s profits sink October 16, 2015 Burberry, the luxury fashion brand popular with Romeo Beckham and Yanis Varoufakis, must be getting pretty bored with criticism over the size of its executives’ pack packages. Annual eight-figure payments to former boss Angela Ahrendts attracted attention in the wake of the global financial crisis, while current chief Christopher Bailey faced a shareholder revolt before [...]
Is the tech industry pushing up property prices in London? October 15, 2015 Residents in San Francisco have fallen out of love with the tech sector. They blame its success for driving up house prices and rents. Tensions are rising amid claims of a gentrification led by tech workers. Yet right now, London is in love with tech. Google has committed to King’s Cross, while around Silicon Roundabout [...]
Manchester United legend Gary Neville details post-football business ambitions: Salford City in the Premier League is “the dream” October 15, 2015 Gary Neville has spoken of his ambition to take Salford City FC from the eighth tier of English football to the Premier League in a discussion about his post-playing business career. Read more: Class of ‘92 buy Salford City The former Manchester United defender, Sky Sports pundit and current England coach has engaged in a number [...]
London’s skyscrapers have the highest rental growth in the world as low vacancy rates push commercial rates sky-high October 15, 2015 London’s skyscrapers are reaching for the sky in more ways than one, after it turned out the capital’s high rises have the highest rental growth in the world. Skyrocketing demand for office space in the UK capital is pushing commercial rents up, up, up: estate agent Knight Frank found in its Global Cities Report that [...]
Eagle-eyed view of London, taking in St Paul’s Cathedral, the Walkie Talkie and Trafalgar Square shot for Assassins Creed game October 15, 2015 Ever wondered how London looks from the sky? Then you might want to check out this footage shot by a bald eagle flying over some of the capital's most iconic buildings in Europe with a 4K camera attached to its back. Launch points used included the Sky Garden at the Walkie Talkie, otherwise known as 20 Fenchurch Street, Sushi Samba at The Heron [...]
EU referendum: Downing street denies scaling back on renegotiating terms of EU membership October 11, 2015 Number 10 has denied reports that the government is backing down on some key tenants of its attempted EU renegotiation. Reports over the weekend suggested Prime Minister David Cameron had watered down his demands, including restricting benefits to EU migrants, the Guardian reported. Read more: Treasury Select Committee to review UK's EU membership Downing street said [...]