LONDON (Reuters) - Britain’s inflation rate picked up in July for the first time this year, leaving many British households feeling squeezed by prices that are rising at about the same pace as their salaries. FILE PHOTO: Shoppers are seen on Oxford Street in London, Britain December 19, 2017. REUTERS/Simon Dawson/File Photo Official data also underscored the weakness in the property market since the 2016 Brexit vote, with prices in London falling at their fastest pace since 2009. Overall, consumer price inflation rose at an annual rate of 2.5 percent in July after holding at 2.4 percent in the previous three months, the Office for National Statistics said, in line with economists’ forecasts in a Reuters poll. It was the first time since November that inflation gained pace, slowing the recovery in spending power for many households, even if inflation is expected to fall back in the coming months. “These figures show that the cost of living squeeze is not … [Read more...] about UK inflation rises for first time in 2018, London house prices fall
London house removals
LONDON, Aug 15 (Reuters) - Britain’s inflation rate picked up for the first time this year in July, leaving many British households still feeling squeezed by prices that are still rising at about the same pace as their salaries. FILE PHOTO: Shoppers are seen on Oxford Street in London, Britain December 19, 2017. REUTERS/Simon Dawson/File Photo Official data also underscored the weakness seen in the country’s property market since the 2016 Brexit vote with house prices rising at their slowest pace in almost five years while prices in London fell at their fastest pace since 2009. Overall consumer price inflation rose an annual rate of 2.5 percent in July after holding at 2.4 percent in each of the previous three months, the Office for National Statistics said, in line with economists’ forecasts in a Reuters poll. It was the first time since November last year that inflation gained pace in annual terms, showing how slow the recovery in spending power is for … [Read more...] about UK inflation rises for first time in 2018, London house prices…
Questions remain over the Houses of Parliament attack in London, which left three people injured and a suspect in custody. As Britain remains on high alert for terrorism, here’s what is known about Tuesday’s incident so far. The attack At around 7:40am on Tuesday, a silver Ford Fiesta rammed into a number of pedestrians and cyclists before crashing into steel barriers outside the Houses of Parliament. According to witnesses, the car was soon surrounded by armed police. Footage posted on social media showed the suspect being taken from the vehicle before being handcuffed. “The car drove at speed and towards the barriers. I was walking on the other side [of the road],” said eyewitness Ewalina Ochab. “I heard some noise and someone screamed. “I turned around and I saw a silver car driving very fast close to the railings, maybe even on the pavement. The person driving did not go out of the vehicle.” READ MORE: VIDEO of Houses of … [Read more...] about London Houses of Parliament attack: What do we know so far?
London house prices are on course for their first annual fall since the financial crisis as Brexit bites in the capital’s property market, industry experts warned on Wednesday. A poll of 30 specialists predicted that average house prices in London will slide around 1% this year, registering a decline for the first time since 2009 and far behind a 1.7% rise nationally. The pound is down around 10% against the dollar since Britain voted to leave the European Union two years ago, making properties cheaper for overseas investors. But doubts over the outcome of protracted divorce talks have made buyers wary, alongside stamp duty rises and the removal of tax breaks for buy-to-let investors. The Reuters poll follows figures from the Office for National Statistics which show that the average value of a home in the capital fell 0.7% in the year to March at £471,944, down around £3500. That was the second consecutive month of declines and the biggest annual fall since September … [Read more...] about Brexit puts London house prices in danger of first fall since 2009
PUBLISHED: 17:33 03 April 2018 | UPDATED: 17:33 03 April 2018 Abels boss Philip Pertoldi. Picture: Ian Burt Whether it be the man with a van or team with a lorry, the removals industry has played an important part in people’s lives for many decades. Philip Hunt and Son house removals in the 1970s. Picture: Archant Library But the business is changing as our moving habits and lifestyles evolve and some firms have been left behind. Shipdham-based Britannia Neave went out of business after 30 years last month, taking 20 jobs with it. But others in the industry insist there is still plenty of life in it. Philip Pertoldi is managing director of Brandon-based movers Abels, which conducts 60% of its business around greater London. Removals firm Loads4Less has diversified by opening an upcycling store. Director Adam Soall and Wayne Grady Picture: Nick Butcher It focuses on larger moves and holds a Royal Warrant for its continuing work with the family, having helped to move … [Read more...] about Are times moving on in the removals game?