Second homeowners who flipped holiday home set to pocket £191m despite upcoming crackdown January 17, 2022 About £191m of new pandemic grants from the Government is coming to second homeowners’ pockets, for those who flipped their holiday homes into letting businesses. The revelations come despite a new crackdown, announced at the end of last week. Councils across England have started distributing £635m in grants to businesses affected by the Government’s Plan [...]
Big Yellow Group plots return to normal with 30 per cent revenue boost as pandemic conditions ease January 17, 2022 Self-storage specialists Big Yellow Group have reported a 30 per cent revenue boost in its third quarter update.
Taylor Wimpey’s order book hits £2.5bn amid strong demand for homes January 17, 2022 Home builder Taylor Wimpey ended the 2021 financial year in a strong position with an order book valued at £2.5bn.
Millions of Brits to be plunged into ‘fuel stress’ as experts downgrade UK economic forecasts January 17, 2022 Millions of Brits are set to be plunged into fuel stress when the energy watchdog hoists the cap on bills, reveals a new study published today. The number of households languishing in fuel stress will treble overnight to 6.3m when the new energy price cap takes effect on April 1, research carried out by the [...]
Square Mile defies downbeat post-Brexit worker exodus forecasts January 17, 2022 The City is smashing downbeat forecasts that Brexit would ignite a mass exodus of workers from the Square Mile to the Continent, reveals a fresh study released today. London’s top banks, brokers and fund managers are launching a recruitment offensive as the spectre of the pandemic over the capital recedes. In the final three months [...]
Brits shrug off cost of living squeeze and rush to snap up homes January 17, 2022 Brits are shrugging off the cost of living crisis and higher mortgage costs and are rushing to snap up homes, reveals a new study published today. A housing market frenzy in 2021 triggered by the pandemic engineering a mass shift in housing preferences and the stamp duty holiday has bled into the new year. The [...]
Covid is ‘crashing’ as Omicron increasingly acts as a natural vaccine: Mild or no coronavirus symptoms yet all the antibodies January 17, 2022 Covid scientist are increasingly convinced the Omicron variant is acting as a natural vaccine for tens of millions of people around the world as most infected people have no or very mild symptoms, yet their bodies do produce full antibodies. Many countries are currently seeing record numbers of infections, including the UK, US, most of [...]
City chiefs draw up plans to create new market in post-Brexit tech drive January 16, 2022 City chiefs are drawing up plans to shake up the capital’s listing structure to attract fast-growing tech companies, according to reports. The London Stock Exchange (LSE) has tabled proposals to erode the normal lines between public and private companies. Private firms would be given access to a special market to allow them trade shares on [...]
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
UK farmers face bankruptcies and closures as £1.8bn in EU cash stops with MPs warning ‘blind Brexit optimism’ may lead to higher food prices January 16, 2022 Direct agriculture funds of around £1.8bn per year will be cut by half in 2025 and completely dry up by 2027, under new government plans. As the EU’s Common Agricultural Policy (CAP) no longer applies to British farmers following the UK’s departure from the EU, MPs warn in a new report for ‘blind Brexit optimism’ [...]