Week ahead: UK January borrowing bill to hit £5bn to pay for cost of living support, experts predict February 19, 2023 Britain is expected to have borrowed around £5bn last month, largely to pay for household energy support, new figures out from the Office for National Statistics (ONS) this week are poised to show. The difference between what the government spends and takes in tax revenue – the deficit – is likely to have been kept [...]
Size doesn’t matter: Why the ‘race for space’ in London property is over February 17, 2023 The pandemic had some strange effects on the London housing market. Being cooped up made people realise the importance of having space, both indoor and outdoor, which led to the so-called “race for space” and a minor London exodus. More than 100,000 Londoners exited the city in 2021, many taking up homes in the surrounding [...]
EDF UK rakes in £1.1bn profits powered by record electricity prices February 17, 2023 EDF UK has raked in hefty profits, with soaring electricity prices powering its rebound from last year's losses.
Brexit: Sunak holding urgent talks with Northern Ireland’s leaders amid speculation protocol deal is close February 17, 2023 Prime Minister Rishi Sunak is holding talks with Stormont leaders as speculation mounts that a deal on the Northern Ireland Protocol could be close. Sunak and Northern Ireland Secretary Chris Heaton-Harris are meeting the politicians near Belfast to discuss the contentious post-Brexit trading arrangements. Following his visit to Northern Ireland, Sunak is set to join [...]
The Square Mile and Me: PwC chair Kevin Ellis on favourite city haunts and the pub he started his career in February 16, 2023 This week PwC’s chair and senior partner Kevin Ellis tells us the stories of his beloved City haunts, including the pub where he started his career and the spots he uses to lift his spirits. What was your first job? My first job was delivering double-glazing leaflets around Chingford in East London where I grew [...]
London is being hollowed out of clever 20-year-olds refusing rent hikes February 16, 2023 Young, talented people are leaving London in flocks because they can't afford the record spike in rents. It risks making the capital a place for the super wealthy only, writes Elena Siniscalco
FTSE 100 close: London index breaches 8,000 mark for first time ever despite Barclays tumbling February 15, 2023 London’s FTSE 100 today breached the 8,000 point mark for the first time ever despite Britain’s biggest banks tanking after Barclays posted a big profits drop. Today’s move higher crystalises the premier index’s bullish start to 2023 that has seen it surged more than seven per cent. The new year rally builds on advances that [...]
Eighth British national dies in Ukraine as Nato leaders meet to discuss giving Kyiv more fighter jets February 15, 2023 A man has become the eighth British national to die in Ukraine since the start of Russia’s invasion. The identity of the individual, who the BBC reported was a man, is not yet known but the Foreign Office said their family has been informed. A Foreign Office spokesperson said: “We are supporting the family of [...]
Rail and postal strikes ‘decimated’ festive trade with worst impact for a decade February 14, 2023 London’s festive economy was “decimated” by rail and postal strikes, as new figures revealed the disruption caused by walkouts was the worst month on record since 2011. Around 843,000 working days were lost to strike action in December – the highest for more than a decade – according to official figures from the Office for [...]
Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments February 14, 2023 Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.