London rents ended year 11 per cent higher than start of 2022 amid ‘imbalance’ between supply and demand in crowded capital January 17, 2023 Rents at the top end of the London market ended 2022 10.9 per cent higher than when the year started, according to an estate and lettings agent. Demand from tenants is continuing to significantly outweigh supply, Savills said. Jessica Tomlinson, research analyst at Savills, said: “The ongoing imbalance between demand and supply is expected to [...]
To withstand future recessions, the UK needs radical supply side reform January 17, 2023 When academics write essays, they begin with an abstract that captures the causes, effects and outcomes of the economic policy change they are examining. Boosting the supply side has a pretty simple argument. Either increasing the volume or productivity of resources used to produce things makes a country richer. That’s it. Let’s take a look [...]
Revolut builds ‘CultureLab’ to shake off workplace criticism January 16, 2023 Revolut is putting together an internal “CultureLab” to oversee its staff’s behaviour as it looks to win over regulators and address its reputation as a cut-throat workplace. The $33bn fintech firm has been beset by criticism over its poor corporate culture leading to a wave of staff exits over the past two years, including in [...]
David Carrick failures see the Met betray the trust of Londoners – again January 16, 2023 A failure of leadership? A broken culture? An abject lack of responsibility? All three seem evident at the Metropolitan Police – an organisation which has lost the trust of Londoners. Yesterday’s lurid details of the crimes of David Carrick – a serial rapist who used his warrant card to win the trust of his victims [...]
Pensions: Specialist insurer PIC strikes £400m Amey deal after £600m House of Fraser buy-in January 16, 2023 The specialist insurer that bought out House of Fraser’s pensions fund for £600m last year has completed a £400m deal to take over UK engineering firm Amey’s retirement scheme. Pension Insurance Corporation’s (PIC’s) deal will see the firm take responsibility for paying out 3,473 pensions, covering £400m worth of liabilities. Bulk purchase annuity (BPA) deals [...]
London-listed law firm Knights bolsters business with Meade King acquisition January 16, 2023 Knights today acquired commercial law firm Meade King for £2.1m as the London-listed law firm pushes forwards with plans to bolster its business via mergers and acquisitions. Under the terms of the deal, Knights – one of just six UK listed law firms – will take on 29 of Meade King’s lawyers, including four partners. [...]
US-China tensions, tariff hikes and Russia sanctions force firms to look at ‘onshore’ supply chains January 16, 2023 Logistics executives increasingly believe top companies should look to bring their supply chains closer to home to avoid being impacted by trade wars, sanctions and other global shocks, a new survey has found. Supply chain managers increasingly see ‘onshoring’ and ‘near-shoring’ as a means of hedging against disruption to global trade caused by the Covid-19 [...]
London’s streets aren’t paved with gold but we do help direct investment across the UK January 16, 2023 London is often seen as a sponge, taking up crucial state funding, but the capital has some of the highest levels of deprivation in the country, even if it does drive investment, writes Nicholas Lyons
The Electric Vehicle r(EV)olution January 15, 2023 As of 2022, electric vehicles account for more than one in six registrations in the UK. That’s more than the period between 2016 – 2020 combined. And EV’s are here to stay; by 2030, all new conventional petrol and diesel cars and vans are set to be banned from sale. What’s driving this change? In [...]
Rick and Morty creator Justin Roiland, charged with domestic violence, sent sexual, offensive Twitter messages to musician January 14, 2023 A day after Rick and Morty creator Justin Roiland was charged with domestic violence, American musician Allie Goertz tweeted a series of graphic, sexual and offensive private Twitter messages she received from the cartoon-maker. One undated message read: “Can you write a song about 9 dicks of different sizes and ethnic origins hanging over your [...]