Generation Rent is fleeing London as housing costs soar January 15, 2016 Is London bracing for a mass exodus of millennials? The capital’s exorbitant housing costs are hardly news, but a new survey suggests that the situation is getting so bad that more than 80 per cent of London’s twenty-somethings may be sent packing to other parts of the UK. At £1,507, the average monthly rent for [...]
Labour MP John Mann wants to charge £1000 membership fee to Labour party members who own houses worth more than £1m January 14, 2016 A leading Labour MP is proposing a so-called wealth tax to "save the Labour Party" from financial ruin. John Mann, the MP for Bassetlaw, said in a blog post on his website today that Labour should charge party members with properties valued at over £1m a "Labour wealth tax of £1,000 a year". "It will raise significant money and [...]
EU migrant crisis: Europe can turn the current human disaster into an economic opportunity January 13, 2016 This quarter’s CFO Global Business Outlook Survey – the quarterly survey of over a thousand global Chief Financial Officers – reveals that optimism is now stabilising at levels compatible with low but positive economic growth. On the other hand, European and US CFOs list the difficulty in attracting and retaining qualified employees as one of [...]
Think tanks urge people to be able to choose for themselves on sugar January 13, 2016 Controversial sugar tax proposals have been slammed by an economic think tank, following hints by Prime Minister David Cameron last week that the government could introduce a tax on sugary drinks this year. The Institute of Economic Affairs (IEA) has today published a report sharply criticising the plans, labelling them “regressive, inefficient and unpopular”. Lobby [...]
London house prices: Rethinking high rise estate regeneration could create 360,000 more new homes January 11, 2016 We may have been doing regeneration wrong this whole time. There's a much better way to redevelop London's high rise housing estates that would increase the number of homes in the capital by several hundred thousand, a new report has found – all but solving the housing crisis. More than a quarter of a million extra homes [...]
London must build on low quality green belt spaces to solve its housing crisis, according to the Adam Smith Institute January 8, 2016 London should build on low quality green belt spaces to solve the housing crisis, according to new research from free market think tank the Adam Smith Institute. The think tank said one million new homes will be needed in the next 10 years and that low quality spaces around existing commuter infrastructure must be built on to meet housing [...]
Prime Minister David Cameron says he will not rule out imposing a new tax on sugary drinks January 7, 2016 Prime Minister David Cameron has left the door open to putting a new tax on sugary drinks, telling reporters this afternoon that he would not be "in the business of ruling things out" when it comes to tackling obesity. At a press conference in Hungary, Cameron said that while he would like to avoid imposing any [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
It’s time for radical solutions to address London’s housing crisis December 17, 2015 As MP since 2001 for the most central London constituency, I cannot recall a time when housing issues have not dominated my postbag. No surprise, perhaps, when UK buyers compete for a limited supply of homes with a global citizenry seeking its own slice of prime London. But I have also witnessed how the polarisation [...]
How to dramatically reduce the flow of refugees to Europe – at a minimal cost December 17, 2015 It's now very clear there is no way that Europe is able to accommodate the huge numbers of refugees attempting to enter. Let’s be realistic: most people are fleeing not because they want freedom and democracy, but to ensure the safety and future of themselves and their families. The only way to deal with the [...]