Banking sector warns against irresponsible lending after PM’s low deposit mortgage pledge October 7, 2020 The banking sector has cautioned against irresponsible lending after the Prime Minister announced plans to help millions of potential buyers onto the housing ladder by allowing low deposit mortgages. Boris Johnson yesterday said he wants to turn “generation rent” into “generation buy” by allowing people to purchase homes with a five per cent deposit. The [...]
Billionaires’ wealth swells to record $10.2 trillion during pandemic October 7, 2020 The world’s billionaires got a whole lot richer during the pandemic, seeing their collective fortunes rocket to a record height of $10.2 trillion (£7.9 trillion) in the height of the coronavirus crisis. The super-rich cashed in on lockdown shopping trends and a V-shaped economic rebound to boost their wealth more than a quarter from April [...]
Investors target UK regional hotels amid staycation surge October 6, 2020 Investors are targeting hotel properties in staycation destinations such as Brighton as the coronavirus pandemic has led to more Britons going on holiday within the UK rather than risking international travel. Interest in coastal and country hotels has spiked due to the increase in holidaymakers deciding to book domestic trips this year, with some locations [...]
Boris Johnson calls on the private sector to rebuild Britain after Covid October 6, 2020 Boris Johnson has vowed a complete post-Covid transformation of Britain that will be driven by the private sector and the free market. The Prime Minister’s Conservative party conference speech outlined the government’s vision of a new Britain by emphasising improved infrastructure, fixing the country’s housing shortage, investing in wind power and increasing skills for young [...]
In full: PM Boris Johnson’s Tory conference speech in full October 6, 2020 Boris Johnson took the stage Tuesday for the Tories’ virtual party conference, announcing policies on 1:1 teaching and low-deposit mortgages, but also promising to unleash the private sector. Here’s the text in full. Good morning conference, I want to begin by thanking you for everything you did at the election, pounding the streets in the [...]
Boris Johnson reveals plans to cut deposits in bid to boost home ownership October 6, 2020 The Prime Minister has announced plans to help millions of Britons onto the housing ladder by allowing home-hunters to buy a property with a smaller deposit. Speaking at the Conservative Party conference today Boris Johnson said he wants to turn “generation rent” into “generation buy” by reforming the UK’s planning system. The government is planning [...]
London house prices: These capital commuter towns have seen the largest rises October 6, 2020 House prices in Greater London have edged higher in the past 12 months even as the outbreak of coronavirus posed fresh challenges for buying and selling property. Figures from Barclays Mortgages’ postcode property index have revealed the postcodes in the capital which have seen the fastest house price growth over the past 12 months. And [...]
Chanel snaps up Bond Street boutique for £310m October 5, 2020 French luxury fashion brand Chanel has reportedly bought its boutique store on Bond Street for £310m in a vote of confidence for the central London commercial property market. Reports that the designer firm will pay around £70m above the £240m asking price for the property cements Bond Street’s status as a “safe haven”, despite plummeting [...]
Leading business figures call on Sunak to slash taxes to return to 90s growth October 5, 2020 Leading business figures have backed calls from the Institute for Economic Affairs (IEA) for the government to implement similar policies to those that contributed to the best period of economic growth in recent history. These include slashing and streamlining taxes in order to build a “bright future”. Wetherspoons founder Tim Martin, JP Morgan VP Laurence [...]
Crypto AM shines its Spotlight on UCROWDME October 5, 2020 Fusing together $25 billion dollar industries within the innovation and consumer insights space could well be what global consumers and businesses really need and demand, says Greg Griffiths identifying what our team sees as ‘a huge gap in the market that impacts global progression’. It was back in early 2014 that the raw concept for [...]