Hospitality bears brunt of job losses since October budget as costs rocket August 25, 2025 Over half of all job losses in the UK since last October’s budget have been in hospitality as the sector struggles under the weight of rising costs, according to new data. Of the 164,641 job losses in the UK since the Budget last October, almost 89,000 have been lost in hospitality. The scale of job losses [...]
My favourite Nasdaq-listed, Chinese-owned, Cayman-incorporated Scottish castle August 22, 2025 A question: what’s the fastest-growing hotel group in Britain? You might opt for Premier Inn, the Whitbred-owned budget chain that’s set to open more than 1,000 new rooms this year. A wildcard choice might be Yotel, the group set up by Yo! Sushi man Simon Woodroffe that’s ballooned from a single site in 2007 to two dozen [...]
Shared Ownership Week – Interview with Angela Barry, Sales Manager at SNG August 22, 2025 To mark Shared Ownership Week in City AM, we sat down with Angela Barry, Sales Manager at Sovereign Network Group, to get her views on Shared Ownership in the current market. Why is 2025 the right time to try shared ownership? At the moment, Shared Ownership is one of the only options for buyers that [...]
Commuter Convenience Without The Price Tag Three-stop tube journey delivers huge property price savings at Stories Wharf August 22, 2025 Just three stops from Canary Wharf, Stories Wharf by Hyde New Homes is challenging London’s sky-high property prices with quality, value-for-money riverside living in Newham. Located in an area set to benefit from the impressive Royal Docks regeneration plan—delivering a vibrant new neighbourhood and dynamic business hub—this striking new development offers shared ownership homes at [...]
New property tax will mean more over-65s living in family homes they don’t need August 21, 2025 More than half of Brits living in homes too big for them. We need incentives for over-65s to downsize, not punitive property taxes.
Week in Business: Will Reeves Launch a Massive Tax Raid on Property and Pensions? August 21, 2025 Christian May interrupts your holiday with grim news on another punishing round of tax hikes coming in the Autumn.
One in ten London homes would be hit by ‘mansion tax’ August 20, 2025 A tenth of houses in London would be hit by a ‘mansion tax’ on the sale of houses above £1.5m, according to new data. In London, 10.9 per cent of houses are worth over £1.9m, according to Rightmove, compared to just 1.6 per cent of houses outside the capital, with prices ballooning in the last [...]
House prices recover after stamp duty hit August 20, 2025 House prices are rebounding from a post-April decline caused by Chancellor Rachel Reeves’ hike to stamp duty, official data has shown. The official house price index rose by 3.7 per cent in the year to June, according to the Office for National Statistics (ONS), which was higher than 2.7 per cent growth seen in May. [...]
Reeves warned tax reform would be ‘rushed’ and lead to snags August 20, 2025 Chancellor Rachel Reeves’ efforts to fast-track tax reforms in the three months leading to this year’s Autumn Budget risk being “rushed” and putting Britons at a disadvantage, senior tax advisers have warned. Treasury officials are reportedly “racing” to find tax reforms to ease the burden on businesses and individuals while improving productivity forecasts from the [...]
BGC: Reeves making a mockery of growth strategy with gambling tax August 20, 2025 The Government would be “making a mockery of their growth strategy” if they introduce a mulled gambling tax, the chief of the Betting and Gaming Council has said. Grainne Hurst insists that plans by Chancellor Rachel Reeves and the Treasury that could hit bookies with tax rises and potentially drive punters away from popular sites [...]