Surging rents ‘fanning the flames of cost of living crisis’ February 9, 2022 Rents have surged 8.3 per cent in a year, to the highest level they have been in 13 years. London rents have risen 11 per cent in a year as office workers have returned to the capital. Monthly rents are up £62 since the start of the pandemic, hitting an average of £969 a month, [...]
Why UK and Ireland want Euro 2028 bid instead of 2030 World Cup February 7, 2022 The UK and Ireland have abandoned plans to bid to host football’s 2030 World Cup almost a year after Prime Minister Boris Johnson trumpeted the project. Instead the football associations of England, Wales, Scotland, Northern Ireland and the Republic of Ireland favour bidding to stage the 2028 European Championship. So why has the World Cup [...]
Focus on: Why magic Marylebone is the new prime hotspot February 5, 2022 Marylebone, known for its Georgian architecture, is an area that has carefully preserved its past. But how has the area changed over the last decade? “The Portman Estate has played a large part in the transformation of the area,” says Priya Black, head of Baker Street new homes at Knight Frank. “Marylebone has a broad [...]
Women’s Ashes: Australia win series with victory in first ODI February 3, 2022 England’s Women this morning failed to stay in Ashes contention as they collapsed against Australia. The touring side were in the difficult position of needing to no lose every one of the remaining three matches following a drawn Test. Australia set a under-par first innings of 206 largely thanks to Beth Mooney’s knock of 73 [...]
Borrowers ‘needn’t panic just yet’ after interest rates hike February 3, 2022 Real estate experts have said a rise in interest rates is “unlikely to dampen motivation to move” despite warnings that the news signals higher mortgage costs down the line. The Bank of England has hiked rates at successive meetings for the first time since 2004, with a majority of the Bank’s rate setters voting to [...]
Openreach chief pulls out of Ofcom chair race February 1, 2022 Chairman of Openreach, BT Group's broadband infrastructure arm, has pulled out of the race to lead Ofcom according to Whitehall sources.
City Moves: Who’s switching jobs in the Square Mile this week? February 1, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Knight Frank has posted a new head of London offices to its UK commercial business. Philip Hobley, who has been co-chair of London offices at the property consultancy since 2016, brings over 25 years of experience to the [...]
Women’s Ashes: Series goes to final stages after amazing Test January 30, 2022 It was quite simply a Test match England’s women couldn’t lose. A win or draw would have kept their hopes of regaining cricket’s coveted Ashes alive but a loss would have ended any prospect of a series victory. So in the shortened four-day Test match – the only long form match in this year’s series [...]
Recruitment for Ofcom Chair ‘would put a reality TV series to shame’ says Tory MP January 27, 2022 Department for Digital, Culture, Media and Sport Committee Chair Julian Knight MP has called the recruitment process for the next Chair of Ofcom a "shambles", as the process lingers on following Paul Dacre controversy.
US economy smashes Wall Street expectations as GDP accelerates at quickest pace since 1980s January 27, 2022 The US economy is powering faster than Wall Street can keep up with as the recovery across the pond continues to gather momentum. Stateside GDP growth came in at 6.9 per cent in the final three months of last year, the US Commerce Department said today. Experts had been pencilling in a 5.5 per cent [...]