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London economic news, trends & insights

Oil rig in North Sea

Oil be damned: North Sea oil heading for the rocks as prices crash

Thu, 18 Dec 2014| By Harry Cockburn

The UK’s North Sea oil industry is in crisis as the price of oil has fallen below the cost of sucking it out of the earth.

Happy graduate jumping for joy university

Take that, Oxbridge! London universities dominate the research top 10

Thu, 18 Dec 2014| By Sophie Hobson

Oh, Universities of Oxford and Cambridge – you think you’re so clever, don’t you?

Job vacancies employment

Unemployment falls and wage growth overtakes inflation for first time in 6 years

Wed, 17 Dec 2014| By Harry Cockburn

Some good news as Advent reaches its giddy yuletide peak: levels of employment have risen.

Basket of goods inflation

Inflation falls to 12-year lowVideo

Tue, 16 Dec 2014| By Robyn Vinter

We could soon join our European neighbours in being at risk of deflation, after last month’s figures show inflation fell to just 1% - a 12-year low for the UK.

Saving the economy

These are Britain's fastest-growing private companies

Thu, 11 Dec 2014| By Shruti Tripathi Chopra

Britain’s top 100 fastest-growing private companies have increased their sales on average 71% year-on-year, and are now worth a combined £3.8bn, according to the 18th annual The Sunday Times Virgin Fast Track 100.

Storm lightning threat risk

The biggest risk to the economy

Thu, 11 Dec 2014| By Sophie Hobson

According to the head of the Office for Budget Responsibility

Wealth gap

OECD: The wealth gap has made the UK 20% poorer

Tue, 9 Dec 2014| By Robyn Vinter

The gap between the UK’s richest and poorest citizens has widened since the 1980s and continues to do so.

House of Lords 2013

Lords rejected cost-cutting measures over fears of worse champagne

Mon, 8 Dec 2014| By Harry Cockburn

It’s a hard life being a lord. All that responsibility, privilege and ermine. And don’t forget the champagne. You can’t lord it up properly without decent bubbly.

Bank of England

Half a million families would struggle to pay mortgages if base rate jumped to 2.5%

Mon, 8 Dec 2014| By Robyn Vinter

Almost half a million families could be at risk of falling behind with their mortgages if the Bank of England increases its base rate to 2.5%.

Scissors

One in five public sector workers to lose jobs under Osborne's plans - OBR

Thu, 4 Dec 2014| By Sophie Hobson

If the Conservatives win the general election in May, a further one million public sector workers will be sacked by early 2020.

£300m mansion in Knightsbridge

Estate agents stayed up all night last night as wealthy people panic-bought mansions. Seriously

Thu, 4 Dec 2014| By Robyn Vinter

Many of London’s estate agents and solicitors stayed open all night last night as wealthy people snapped up high-end property in the capital.

Charlie Mullins

Charlie Mullins: Stop moaning about the Autumn Statement

Wed, 3 Dec 2014

Osborne did a good job, says the Pimlico Plumbers founder

Rubber Stamp

Autumn Statement stamp duty changes – what do they mean?

Wed, 3 Dec 2014| By Harry Cockburn

A significant overhaul of how stamp duty will be charged was perhaps the biggest surprise in George Osborne’s Autumn Statement this afternoon.

Autumn leaves - red tree

How the Autumn Statement 2014 affects your business

Wed, 3 Dec 2014| By Sophie Hobson

Don’t fancy reading the full 108 pages? Our handy digest is for you

George Osborne funny eyes closed

11 reasons the Autumn Statement was disappointing

Wed, 3 Dec 2014| By Shruti Tripathi Chopra

The UK would be “into the black” by 2019-20, declared a jubilant George Osborne today.

Osborne in front of a door

Autumn Statement: £900m boost for small businesses

Wed, 3 Dec 2014| By Harry Cockburn

In today’s Autumn Statement, the chancellor will have to admit that not everything is going to be as rosy as he’d previously hoped.

Miliband pointing

“Joyless and payless” recovery cost UK £116bn says Miliband

Mon, 1 Dec 2014| By Harry Cockburn

It’s been a while coming, but Ed Miliband has finally said something assertive about the failings of the incumbent government.

Autumn leaves - short

Here comes the Autumn Statement. What bounty can we expect this year?

Mon, 1 Dec 2014| By Harry Cockburn

Insider insights ahead of Wednesday’s announcements

Border controls

Net migration grows 42% as Cameron miles off target

Thu, 27 Nov 2014| By Sophie Hobson

Net migration has grown in the past year, despite David Cameron’s aim to curb it.

George Osborne

7 things Osborne must do for the economy: Autumn StatementVideo

Thu, 27 Nov 2014

Entrepreneurs and business leaders on what they want from 3 December

money

9 facts about poverty in the UK

Mon, 24 Nov 2014| By Robyn Vinter

A record number of working families are living in poverty, with incomes of the poorest workers falling 10% in a decade, according to the Joseph Rowntree Foundation’s annual report.

Storm clouds over Cambridgeshire August 2014

Global business confidence at five-year low, but UK most upbeat

Mon, 24 Nov 2014| By Sophie Hobson

“Clouds are gathering,” says Markit

Fat Man

Obese people cost us £47bn? The Adam Smith Institute rips that to shreds in one comment

Thu, 20 Nov 2014| By Sophie Hobson

You will have by now seen the news that obesity is costing the UK each year more than war, or terror, or smoking.

Money Map UK

Bountiful Britain: UK net wealth rises to £7.6 trillion - that’s £119,000 per person

Thu, 20 Nov 2014| By Harry Cockburn

Good news everyone, you’re probably much richer than you realised.

UK border controls

Shock stats: a QUARTER of Brits think all immigrants should be forced to leave the UK

Thu, 20 Nov 2014| By Robyn Vinter

A quarter of British people said they thought all immigrants should be sent back to their home countries.

Union Jack flag on the ground

UK fails to make top 20 countries to do business in

Thu, 20 Nov 2014| By Sophie Hobson

Why? What makes us less attractive than Chile and Belgium?

UK electricty power

Infographic: As complaints rocket, could the big six energy firms lose their grip on the market?

Wed, 19 Nov 2014| By Harry Cockburn

Complaints against the big six energy suppliers are higher than ever according to energy watchdog Ofgem.

Women celebrating

Women actually earn MORE than men in their 20s and 30s – and other surprising stats about pay

Wed, 19 Nov 2014| By Robyn Vinter

Between the ages of 22 and 39 women on average earn more per hour than men.

Mark Carney hand

Carney: Slash bankers’ salaries for misconduct

Tue, 18 Nov 2014| By Harry Cockburn

The scandal-struck banking sector is going to have to do more to improve its image, Bank of England Governor Mark Carney has warned.

Cambridge University

Higher student fees costing government billions

Tue, 18 Nov 2014| By Harry Cockburn

The current university fees structure has been slammed as “unsustainable” by an independent study into higher education in the UK.

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