Tugendhat: UK must block Russian access to the City to help stop Ukraine war January 28, 2022 The UK must get tough and block Russia from the City of London’s vast web of financial services if it is to help stop an invasion of Ukraine, senior Tory Tom Tugendhat has said. The Foreign Affairs Committee chair writes in City A.M. today that Boris Johnson should “close down the options that allow” Vladimir [...]
As Moscow muscles in on Ukraine, Russian money still poisons our shores January 28, 2022 It is on the borders that you see the threads coming apart. In Ukraine and Bosnia the danger unravelling in Europe feels urgent as agreements that have kept us safe and peaceful are being challenged. With 100,000 Russian troops massed on the border it’s easy to focus on them, but it’s not just tanks that [...]
Industry experts call for consumers to adapt energy habits to mitigate rising prices January 26, 2022 The habits of energy consumers need to be adapted to minimise the pain from rising household prices this year.
Ukraine: Starmer calls for UK to block Russian access to City of London January 25, 2022 The UK must block Russia from the City of London’s web of financial services firms if it invades Ukraine, Sir Keir Starmer has said. The Labour leader said Boris Johnson must make “tough decisions” when drawing up potential sanctions against the Kremlin, including “cutting Russian access to the international financial system” and stopping the “illicit [...]
Exclusive: More than 9m Britons hope to acquire their first home or buy a new property this year January 22, 2022 One in five UK adults plan to buy a property in 2022, according to a new study that was exclusively shared with City A.M. this morning. new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this [...]
December home transactions show ‘strong end to frenzied year’ as markets expected to slow January 21, 2022 According to HMRC data, the provisional seasonally adjusted estimate of UK residential transactions in December 2021 was 100,110. This marks a 20 per cent dip on December 2020 but a 7.6 per cent spike on the prior month. Last year also saw a record level of home transactions of almost 1.5m, the highest since 2007, [...]
Getting on the property ladder: Here are the most affordable places in Britain for first-time home buyers January 21, 2022 In London, Bromley is the most affordable borough for first-time buyers, while Kensington is unaffordable for those trying to get onto the property ladder. Nationwide, Scotland remains the cheapest place to snap up a property. First-time buyers face spending at least six times their annual wages to get on the property ladder in nearly half [...]
On The Market anticipates full-year profits following rebranding January 21, 2022 Property portal service On The Market has announced that its adjusted operating profit for the full-year is currently ahead of expectations.
Stratford and Nine Elms enjoy rental market bounceback amid stock lows January 21, 2022 London areas to have enjoyed an especially strong post-pandemic comeback include Battersea/Nine Elms and Canary Wharf. Alongside Kensington, Stratford and the City of London, these areas have marked 7.5% average growth in rental prices. Growth from pre-pandemic levels has ranged from 5.8 per cent to 8.8 per cent, according to research from JLL. The research [...]
£12m in remortgages and drawdowns every single day: Homeowners release record £4.4bn in property wealth January 19, 2022 Older homeowners released a record £4.4 billion in property wealth last year at a rate of more than £12 million a day as customers helped family and secured their own finances by repaying debt or remortgaging existing borrowing, according to new data. Around one in five equity release plans (19 per cent) taken out in [...]