Social care reform must do more than prop up of a broken system with a bottomless pit of money May 12, 2021 Cries of a missed opportunity for social care reform have been rife following the Queen’s Speech but let’s be honest, we knew it was coming. It doesn’t make the pill any easier to swallow. It’s more than a missed opportunity. It’s an absolute disgrace for a system that has borne the brunt of the catastrophic [...]
London rents fall to most affordable level in a decade May 12, 2021 London rents have fallen to their most affordable level in a decade due to a drop off in demand during the pandemic. While demand has ticked up since lockdown restrictions have lifted – by seven per cent in inner London – affordability is running at a ten-year high. Rental prices in London are down 9.4 [...]
City Corporation agrees let for the world’s very first ‘MONOPOLY LIFESIZED’ attraction May 11, 2021 The City of London Corporation has today (11 May) announced it will be hosting the world’s first ‘MONOPOLY LIFESIZED’ attraction within its building at 213-215 Tottenham Court Road. Hasbro, Inc and Gamepath (a new division of international theatre producer Selladoor Worldwide) have released the initial details of the ‘MONOPOLY LIFESIZED’ experience – which is due to open in London on 14 August 2021. The [...]
Myth-Busting: Money printing must create inflation May 11, 2021 London ranks ninth on the UBS Global Real Estate Bubble Index for residential properties. Like in many other countries, property prices in the United Kingdom reached an all-time high in 2020. A global pandemic with sudden mass unemployment should have forced UK citizens to sell their homes, but the furlough policies, stamp duty holidays, and record-low interest rates [...]
Landlords vs retailers: What the New Look legal case means for future of CVAs May 10, 2021 New Look today defeated a legal challenge to its restructuring plan by a group of its landlords in a landmark case that experts say will clear the way for other retailers to use Company Voluntary Arrangements to combat the impact of the pandemic. The ruling is likely to deepen tensions between tenants and landlords, as [...]
Wall Street closes lower on inflation jitters May 10, 2021 Wall Street closed lower on today as inflation fears drove investors away from market-leading growth stocks in favour of cyclicals, which stand to benefit most as the economy reopens. Industrial and healthcare shares limited the Dow’s decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing [...]
UK house prices hit new record high after growing at fastest rate in five years May 10, 2021 UK house prices grew at the fastest pace in five years last month as the stamp duty holiday continued to buoy the market. Average house prices in April reached a new record high of £258,204, an annual increase of 8.2 per cent and a monthly rise of 1.4 per cent. Almost £20,000 has been added [...]
London house prices could rise by a further £21,000 this year May 8, 2021 The house price boom caused by the introduction of the stamp duty holiday could see the average house price across England climb by another £23,000 before the end of the year, should current market trends continue. House prices are increasing at an average of 0.84 per cent a month across England, according to research by [...]
FTSE 250 closes at record high on recovery hopes May 7, 2021 The FTSE 250 mid-cap index closed at a record high this week as hopes of a stronger economic recovery lifted industrial and consumer discretionary stocks. The FTSE 250 index advanced 1.2 per cent, with industrial stocks, including Easyjet, IMI and Pagegroup, rising between 2.7 and 5.1 per cent. The FTSE 100 meanwhile rose 0.76 per cent, [...]
Labour’s credibility is hanging by a thread – the defeat in Hartlepool is just the beginning May 7, 2021 When Labour MP Mike Hill resigned his Hartlepool seat in March, many speculated that the by-election would pose a major challenge for Keir Starmer. Few would have believed the Conservatives would manage kind of landslide victory which was announced early on Friday morning. Just for a government to gain a seat in a by-election is [...]