UK house prices: What effect does the unemployment rate have on the cost of a home? May 17, 2015 Average house prices in the twenty local authorities with the highest rate of unemployment have risen by just £4,100 since 2009, while low unemployment areas have risen by an average of £65,000, according to analysis from Lloyds. The figures The raw numbers translate to increases of 25 per cent for the areas with the lowest [...]
The truth about rickshaws in London: Here’s why Boris Johnson’s crusade to ban them might be pointless May 15, 2015 Boris Johnson renewed his crusade against rickshaws, aka pedicabs this afternoon, the announcing he wanted to ban them on London's streets to "ease congestion". His gripes are twofold. Firstly, the lack of regulation for rickshaws means no one is entirely sure how many there are and how to control numbers or the safety of passengers. [...]
When will there be another recession in the UK? Don’t panic quite yet but one might be due sooner than you think May 15, 2015 It’s been six years since the UK economy was last in recession, but could another one be on the horizon? Severe recessions like the one in 2008 are a fairly rare occurrence – they happen about once every 70 to 80 years – but there have been seven in the 60 years since 1955, so [...]
Rail workers to strike, disrupting trains for 48 hours on 25th of May bank holiday after latest Network Rail offer falls short of RMT union expectations May 15, 2015 Network Rail workers will strike for 48 hours on bank holiday Monday, the Rail, Maritime and Transport (RMT) union said today. The strike has been looming since 80 per cent of members voted in favour of industrial action earlier this week. Network Rail's latest pay deal – a one-off £500 payment to staff and three years [...]
UK house prices in charts: Growth in London is beaten by other regions for the first time in 53 months May 14, 2015 London has been knocked off its perch as the region with the fastest-growing house prices for the first time in 53 consecutive months, or nearly four and a half years. Annual house prices, on average, grew by 6.8 per cent in the three months to the end of April, falling behind both the south east (7.1 per cent) and [...]
UK house prices: Are low deposit mortgages propping up the housing market? May 14, 2015 The number of people buying houses with low-value deposits has risen by 7.3 per cent in the last year, according to data analysis by chartered surveyors e.surv. The figures Lending to borrowers who have only small deposits (15 per cent or less of the property’s value) accounted for 16.3 per cent of house purchases in April, [...]
UK house price growth means regional rents are now rising faster than in London May 14, 2015 London’s rental prices are no longer the fastest growing in the country. Other regions have outstripped the capital, with the south west the leader with a whopping 15.5 per cent growth in the last year. The figures According to Homelet, UK rental prices for the three months to April rose by 10 per cent, and [...]
Talk Talk share price rises after jump in financial forecasts May 14, 2015 TalkTalk has told investors they can expect a bumper year in 2017, after it raised its financial outlook expectations. Its share price rose around 2.5 per cent in early trading. The figures Talk Talk’s revenue for the full year to 31 March was up 4.2 per cent to £1.8bn, but there was no real move [...]
