Latest News and Stories

06
London Underground Stations to get Free Wi-Fi Services

London Transport and Virgin Media have named first 80 busiest and major underground stations in London which are all set to receive Wi-Fi services for the Olympics season. Destinations including London Bridge, Oxford Circus, Leicester Square, Mile End, Tower Hill, Tufnell Park, Goodge Street, King’s Cross, Oval, Borough and Victoria are on the list to turn into accessible Wi-Fi hotspots.

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25
The UK is now in recession and much closer to a double-dip recession

The UK economy shrank for the last three months of 2011 - BCC predicts that growth will be flat this year , with one quarter of contraction, but says a full-blown recession is not inevitable if the government acts. It showed that in October, the service sector contracted by (a revised) 0.6%, while in November it grew by 0.6%.

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17
First Past Times in trouble and now Peacocks clothes firm plan to call in administrators.

Peacocks chief executive expected to lodge rescue offer for stricken fashion chain, while Past Times is closing 46 stores with the loss of 574 jobs. Peacock employs more than 400 at its Cardiff HQ and nearly 10,000 more across the UK.

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17
House prices show a fall by 1.3% in 2011

Halifax index also shows a 0.9% decline in December 2011 and predicts a broadly stable 2012 … providing the UK can avoid the recession. The price of the average house in the UK is now just over £160,000, said the bank, thanks to a 0.9% fall in prices in December 2011 and a 1.3% drop over the whole of the year.

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10
German Vision Prevails as Leaders Agree on Fiscal Pact whilst UK walks out

Europe’s worst financial crisis in generations is forging a new European Union, pushing Britain to the sidelines and creating a more integrated, fiscally disciplined core of nations under the auspices of a resurgent Germany.

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08
UK interest rates have been held at a record low of 0.5% by the Bank of England's Monetary Policy Committee.
With a lot of Concerns about the strength of the economic recovery and the eurozone debt crisis meant that economists had expected rates to remain unchanged. Interest rates have been kept at 0.5% since March 2009.

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16
Bank of England governor Sir Mervyn King- Britain's economy could stagnate until the middle of 2012

The Bank has cut its 2011 and 2012 growth predictions to about 1%, warning the global economic outlook had "worsened". The rate of Consumer Prices Index (CPI) inflation in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.

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14
UK property rents set to rise as running out of homes to rent

Rising demand from those unable to buy their own homes and those reluctant to commit in the current market means that rents will rise significantly more than house prices in the UK over the next five years, according to international real estate adviser, Savills.

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15
Pears family comes out of the property shadows

William Pears Group is one of Britain's biggest property companies, but few have heard of it. And for good reason. In spite of controlling a £6bn property empire centred on London and the South East, Pears has managed to keep itself under the radar for the best part of the last 60 years.

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15
UK's most expensive street

A new league table of Britain's most expensive streets has shown that a home in the most desirable road now costs nearly £20m. A single square foot of land in the London borough of Kensington now costs £1,193, figures show. A home in the borough costs an average £1,735,484.

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Other News

London Transport and Virgin Media have named first 80 busiest and major underground stations in London which are all set to receive Wi-Fi services for the Olympics season. Destinations including London Bridge, Oxford Circus, Leicester Square, Mile End, Tower Hill, Tufnell Park, Goodge Street, King’s Cross, Oval, Borough and Victoria are on the list to turn into accessible Wi-Fi hotspots.

The UK economy shrank for the last three months of 2011 - BCC predicts that growth will be flat this year , with one quarter of contraction, but says a full-blown recession is not inevitable if the government acts. It showed that in October, the service sector contracted by (a revised) 0.6%, while in November it grew by 0.6%.

Peacocks chief executive expected to lodge rescue offer for stricken fashion chain, while Past Times is closing 46 stores with the loss of 574 jobs. Peacock employs more than 400 at its Cardiff HQ and nearly 10,000 more across the UK.

Halifax index also shows a 0.9% decline in December 2011 and predicts a broadly stable 2012 … providing the UK can avoid the recession. The price of the average house in the UK is now just over £160,000, said the bank, thanks to a 0.9% fall in prices in December 2011 and a 1.3% drop over the whole of the year.

Europe’s worst financial crisis in generations is forging a new European Union, pushing Britain to the sidelines and creating a more integrated, fiscally disciplined core of nations under the auspices of a resurgent Germany.

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