Tottenham Hotspur Stadium: Why don’t Spurs have a naming rights deal? | City A.M. July 26, 2018 Back in October 2008, when Tottenham’s new stadium project was still in its infancy, chairman Daniel Levy addressed the opportunity to sell the naming rights to their proposed new ground. “It’s a necessary and critical component of financing a modern football stadium,” he said. Yet six weeks out from the £850m venue’s official opening, Spurs [...]
European car makers gain after Donald Trump’s EU ‘trade deal’ promises removal of tariff threat | City A.M. July 26, 2018 Shares in European car makers jumped this morning after President Donald Trump said the trade relationship between the EU and the US was “back on track”, soothing fears of punitive tariffs on vehicle exports. Renault, Volkswagen, Peugeot and BMW all saw their share prices rise by as much as two per cent, while Fiat Chrysler [...]
Number of landlords hiking rents reaches 10-month high in June | City A.M. July 26, 2018 Renters, look away now, as it’s been revealed that the number of tenants who experienced a rent hike reached a ten-month high in June. Arla Propertymark said the number of tenants who reported a rent rise went up by 35 per cent in June, from 28 per cent in May. That’s the largest rate since [...]
First-time buyers in London struggle to keep up as north east offers most affordable house prices | City A.M. July 25, 2018 London has been the least affordable region for hopeful first-time buyers in 14 of the last 19 years, according to new statistics out today. Buyers looking to get onto the property ladder in the capital last year could have expected to spend 13 times their earnings on property. However, that stands in stark contrast to [...]
How much does it cost to live near Richmond Park? | City A.M. July 23, 2018 It’s little wonder that Richmond continually tops ‘best places to live’ lists. With a Royal Park that’s so big it accounts for nearly half of the total area of all London’s Royal Parks, beautiful Georgian family housing, some of the best river frontage in the capital and a thriving community-led high street, it’s difficult not [...]
Cowardice over the housing crisis is pushing young Brits towards the spectre of 1970s socialism July 23, 2018 As the government creaks alarmingly under the weight of Brexit, it may seem odd – if not downright contrarian – to kickstart a discussion about the housing crisis. For many Brexiteers such as myself, Brexit is not a moment in time or a destination in itself. It is not a chance to relive the past, [...]
Government aims for full fibre broadband coverage across UK by 2033 | City A.M. July 23, 2018 The government has outlined its ambition to bring full fibre to the entire of the UK by 2033 as it released its Future Telecoms Infrastructure Review (FTIR). The Department for Culture, Media and Sport also said it would be pushing to make super fast full fibre broadband installed as standard in new properties. Part of [...]
‘Natural income’ vs ‘decumulation’: what’s the best way to take income from my investments? July 23, 2018 The goal of many investors is to build a portfolio that can generate sufficient income to replace traditional sources, but this isn’t as straightforward as it may seem. It is essential to understand the different methods of extracting money from your investments. How money is withdrawn can dramatically affect the length of time until that [...]
Property of the Week: Crime queen PD James’ house in Holland Park is on the market for £4.95m July 20, 2018 If you’re finding inspiration hard to come by, you could do worse than take up residence in the home of one of the most famous crime writers in the world. Holland Park Avenue, Holland Park, £4.95m “Appointed OBE in 1983 and Baroness James of Holland Park nine years later, PD James lived at the address [...]
Last Week in the City: August rate rise now less likely July 20, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (16 to 20 July 2018). The chances of an interest rate rise at the Bank of England’s August meeting appeared to recede this week after inflation data was more subdued than expected and retail sales data [...]