Green investment surges as UK bosses sound alarm on climate change March 25, 2021 The majority of UK bosses intend to increase their long-term investments in sustainability initiatives as they grow concerned about the impact of climate change. A PwC survey of UK chief executives reveals 70 per cent are concerned about the impact of climate change, with almost a third “extremely concerned” about the issue. But climate change [...]
Manufacturing output on track for spring surge March 23, 2021 Manufacturing output hit its highest level in nearly two years in the three months to March in the clearest sign that a revival could be on the cards for the sector. Although still flat, the CBI’s monthly order book balance rose to -5 in March, the highest reading since April 2019 and up from -24 [...]
UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]
Crest Nicholson hikes profit expectations as UK housing market remains ‘resilient’ March 23, 2021 Crest Nicholson has hiked its profit expectations for the year, saying the UK housing market has remained “resilient” to the impact of Covid-19. The UK housebuilder said profit before tax for the year ended 31 October 2021 is expected to be around £85m, up from previous expectations of £74.3m. Crest Nicholson’s share price jumped 4.1 [...]
London needs a transport shake-up, with cheaper rail prices, e-scooters and new funding systems for TfL March 20, 2021 One year into the pandemic and London is on the brink of a transport revolution. For many the only obvious step change has been a retrograde one. Londoners continue to avoid public transport with almost the same zeal with which we once crammed ourselves onto tube carriages. Driving cars, while not quite back in vogue [...]
Roadmap out of lockdown sends consumer confidence to near 12-month high March 19, 2021 Roadmap out of lockdown sends consumer confidence to near 12-month high
Analysts: Inflation in focus as BoE delivers monetary policy verdict March 18, 2021 The Bank of England is expected to focus on inflation when it publishes its latest monetary policy decisions at noon, according to analysts. Barret Kupelian, senior economist at PwC, said that vaccine rollouts, GDP data and positive Budget measures will “tilt the balance of risks to the UK economy towards the upside”. “As a result, [...]
House price boom continues in March as buyer demand hits record levels March 15, 2021 Record levels of buyer demand pushed the average price of new properties coming to market up 0.8 per cent last month, new research shows. According to Rightmove, the current excess of demand is the highest it has been for a decade, pushing prices up £2,484 in March. The number of potential buyers enquiring about each [...]
Sadiq Khan rules out driverless trains as a part of next TfL bailout March 4, 2021 Sadiq Khan has said today that the government will not try to force Transport for London (TfL) to implement driverless trains as a part of current bailout negotiations. Khan told a group of reporters at his re-election campaign launch that the government had dropped any request to bring in driverless trains, after initially asking for [...]
Sadiq Khan pledges to spend more on London economy in election campaign launch March 4, 2021 Sadiq Khan will today launch his re-election campaign by promising to spend more of his £16bn City Hall Budget on the capital’s economic recovery, including creating a new fund to get people back to London’s West End. Khan will say in a speech later this afternoon that he will focus on “jobs, jobs, jobs” if [...]