Fair prices at Leadenhall fair July 5, 2015 Need some artistic inspiration for your desk? Leadenhall Market is having an arts fair this week, providing the City with affordable paintings and sculptures to brighten up the office. Now in its eighth year, Elevated Art Fair will see “affordable art” (£4,000 and under) on sale, along with live art and DJ sets. Makes a [...]
July Budget 2015: George Osborne to cut housing welfare for higher earners July 5, 2015 George Osborne plans to cut housing welfare for those earning higher wages in a move that is expected to raise £250m a year for the Treasury. Those earning more than £30,000, or £40,000 in London, and living in Local Authority or Housing Association properties will have to pay the going market rent, the chancellor will [...]
UK house prices: First-time home buyers priced out of market July 2, 2015 Annual house price growth has slowed to a two-year low, according to a major mortgage provider. But months of fast growth has left first-time buyers struggling to put deposits together, despite government programmes to help them. House prices were 3.3 per cent higher in June than in the same month last year, Nationwide said. It [...]
George Osborne’s challenge: Will he make his mark as a tax reformer? July 2, 2015 Next week’s Budget is a big opportunity for George Osborne – now he’s able to shape public spending and tax policy free of the constraints of coalition politics. One of his Budget themes should be tax reform. In the 70 years since the end of the Second World War, there have been 22 chancellors of [...]
UK house prices: Surprise drop in house price growth sends annual rate to two-year low, according to Nationwide house price index July 2, 2015 House price growth has dropped to a two-year low on the back of declines in June, according to Nationwide's latest report. Prices have dropped a surprise 0.2 per cent in June – halting increases in both May and April – causing the annual rate of increase to drop to just 3.3 per cent. One [...]
Sirius soars on go ahead from York planners July 1, 2015 SHARES in mining firm Sirius Minerals shot up yesterday after the company revealed that it is one step closer to going ahead with its plans for a potash project in the North York Moors. The company’s shares were up by over 60 per cent by lunchtime yesterday, and closed up by 43.33 per cent, at [...]
Knight Frank warns that homeowners will be hit July 1, 2015 THE PROPOSED scheme for paying back hundreds of homeowners who would be forced out of their homes by runway expansion at Heathrow airport is “seriously lacking,” according to Knight Frank. The Airports Commission has recommended that Heathrow airport compensate the 783 homeowners who would lose their properties at “full unblighted market value plus an additional [...]
US stocks fall amid Greece and oil drags – New York Report July 1, 2015 US STOCKS closed higher yesterday but were down from earlier highs as energy stocks declined and Greece’s debt crisis showed no clear signs of resolution. The benchmark S&P 500’s energy sector was dragged down by the biggest slide in oil prices since April after traders were surprised by a report that showed US crude stockpiles [...]
Pensions: How investment trusts can boost your retirement savings June 30, 2015 Pensions savers need to focus on making as much money as possible over a long time frame – anywhere from 10 to 40 years. With the government and many companies pulling back from generous pension plans, the onus for retirement security is being placed on the individual. But to build a good pot, retirement [...]
Microsoft sells display advertising business to AOL and map technology to Uber June 30, 2015 Microsoft has sold its mobile and video advertising businesses to AOL in the US, UK and seven other key markets as it looks to focus on search advertising. Read more: Verizon swoops for AOL in $4bn bid to boost ads AOL, recently purchased by US telecoms giant Verizon, will take control of all display advertising on [...]