The Notebook: Doom spending, girl math, and the impact of financial social media trends December 10, 2024 Many of us have heard the term ‘doom scrolling’ – where you feel like you’re mindlessly scrolling through social media, and I think we can all agree that you never feel better after it. But I hadn’t heard of the term ‘doom spending’ until recently. It’s a newer trend on social media which essentially glamorises [...]
London house prices reach ‘unaffordable’ levels – even for top earners December 9, 2024 Even the richest people in London are being priced out of the property market as house prices reach record levels, the Office for National Statistics has found. “In London, the average home was not affordable for any household income decile,” the statistics watchdog said in its latest Housing Purchase Affordability index, using 2023 data. The [...]
Pubs boss: ‘We cannot allow the government to destroy family companies’ December 8, 2024 The boss of a seventh-generation pub and brewing giant has argued that “we cannot allow the government to destroy family companies” as they are the “bedrock of the UK economy”. In a post on LinkedIn William Lees-Jones, who owns and runs Manchester-based JW Lees, which has produced real ale since 1828, reiterated his opposition to the changes [...]
UK house prices reach record levels with demand set to continue December 6, 2024 House prices have now reached record levels as lower mortgage rates have helped improve buyer confidence for the fifth month in a row. According to the Halifax House Price Index, UK house prices rose 1.3 per cent in November, the biggest increase this year. November’s increase pushed the annual growth rate up 4.8 per cent, [...]
Budget to dent prime property market December 5, 2024 Measures introduced in the October Budget will weigh on the UK’s prime property market next year, with the value of prime central London (PCL) homes in line for a four per cent hit, a forecast has shown. Fresh analysis by Savills said that changes to the stamp duty charged on second homes, VAT on school [...]
Hedge fund managers could buy land, MPs told, as Tories fail to scrap ‘farm tax’ December 4, 2024 Hedge fund managers could buy up farmland if UK farmers sell up to avoid the inheritance levy, MPs were told, as the Tories brought a vote on the so-called ‘family farms tax’. Conservative MPs used an opposition day debate on Wednesday to bring a Commons vote on Labour’s Budget measure which would see farmers pay [...]
Investors pile into UK equities after pre-Budget selling December 4, 2024 UK equity funds ended a 41-month streak of outflows last month as investors piled back into the market following Rachel Reeves’s tax-raiding Budget. After suffering their worst month on record before in the run up to the October fiscal plans, fund flows reversed sharply as investors poured money back into the market, with buying for [...]
How Games Workshop worked its magic to join the giants of the FTSE 100 December 4, 2024 Games Workshop is officially set to battle its way into the FTSE 100 later this month for the first time in its history, cementing its place as a titan of the City. The Warhammer maker is now the 85th biggest listed company in the UK, guaranteeing its spot in London’s main index and eclipsing household [...]
Meet the 10 London scaleups you need to know in 2025 December 3, 2024 This content was paid for by Grow London Global, and produced in partnership with the City AM Commercial department. London’s rich talent, progressive sectors, and diverse customer base has made the UK capital the city of choice to launch a tech startup, to scale it, and to take it global. Since launching in Spring 2023, Grow [...]
Yours for just £35m: Prices at London’s most expensive development revealed December 3, 2024 Luxury apartments at London’s most expensive residential property development ever will hit the market for £35m or more and have already racked up a waiting list of over 600 super-rich buyers. 1 Mayfair, the £2bn super-luxury scheme being ring-led by the Phones4u billionaire John Caudwell, is set for completion in spring of 2026 when it [...]