July Budget 2015: From the pensions expert to the PwC economist, reactions to the chancellor’s statement July 9, 2015 THE BUSINESS GROUP Confederation of British Industry director general John Cridland Firms will welcome measures to boost investment but will be worried about paying living wage. “This is a double edged Budget for business. Firms will welcome measures to balance the books and boost investment, but they will be concerned by legislating for wage increases [...]
July Budget 2015 – changes to mortgage tax relief: Here’s what to do now if you’re a buy-to-let landlord July 8, 2015 A major shake-up of the buy-to-let housing market could be about to take place, after chancellor George Osborne announced plans to change mortgage tax relief for landlords. In his Budget speech today, the chancellor said the relief will be cut to 20 per cent, from 40 to 45 per cent, in an effort to "level [...]
Knight Frank warns that homeowners will be hit July 1, 2015 THE PROPOSED scheme for paying back hundreds of homeowners who would be forced out of their homes by runway expansion at Heathrow airport is “seriously lacking,” according to Knight Frank. The Airports Commission has recommended that Heathrow airport compensate the 783 homeowners who would lose their properties at “full unblighted market value plus an additional [...]
Stamp duty replaces mansion tax as Central London house buyers’ worst fear as sales of homes worth £1.1m plus fall June 29, 2015 Mansion tax is so pre-election, darling – these days, the UK's high earners are worrying about one thing: stamp duty. That's according to a new report by upmarket estate agent Knight Frank, which has found the new tax has dented sales of homes worth £1.1m plus. Read more: The average brick in Kensington and Chelsea [...]
City Moves for 29 June 2015 | Who’s switching jobs June 28, 2015 Deloitte Richard Wood has been appointed senior adviser in the professional services firm’s private client and family office team. He was most recently head of real estate within UBS’s wealth management division. Wood has also held roles at Knight Frank, Cazenove and Arbuthnot Securities. Berenberg The private bank has appointed Dr Manfred Schlumberger as chief [...]
Dell Park in Englefield Green is a polo fanatic’s dream on part of the Candy brothers’ former estate in Surrey June 25, 2015 The British polo season has got off to a galloping start, but for some fans of the equestrian sport, viewing it from the sidelines just isn’t good enough. That was certainly the case for the private European owner of Dell Park in Englefield Green, Surrey, who set out 10 years ago to build a contemporary [...]
London space race takes off: City firms scramble for offices as demand hits highest level since 2000 June 18, 2015 Demand for office space in the capital has boomed to levels not seen in 15 years, new figures show, as companies, spurred on by the improving economic environment and stability following the General Election, pick up their search for space. The amount of space under offer in central London leapt by 25 per cent [...]
Walkie Talkie to smash City office records as top floor goes under offer June 18, 2015 The top floor of the City's towering 20 Fenchurch Street – nicknamed the Walkie Talkie – is believed to have smashed new rental records, after it went under offer to a mystery firm, City A.M. can reveal. Read more: A storey-by-storey breakdown of everything in the Shard The highest rent achieved in the [...]
City Moves for 18 June 2015 | Who’s switching jobs June 17, 2015 BNP Paribas Investment Partners The asset management firm has appointed Matt Joyce as a portfolio manager within its multi asset solutions group. He joins from Schroders Investment Management, where he was a multi asset analyst and fund manager. Joyce has 12 years’ investment experience, and has also worked as an analyst and fund manager at [...]
World Naked Bike Ride reaches London: “The finish area will not be a venue for prolonged naked socialising” June 12, 2015 Get ready to avert your eyes: London is going to be overrun with naked cyclists tomorrow as the World Naked Bike Ride reaches the UK capital. The annual event is expected to cause disruption throughout London's roads – it is aimed at raising awareness of the safety of cyclists, an issue which is close [...]