To Rent! A characterful and freshly refurbished one bedroom ground floor apartment, situated in a quiet gated development with a communal outdoor area and access to Regent’s Canal. Take a video tour below…
After a brief break, rents are rising once again, according to LSL Property Services, up 0.1% in January (the first ever January rent rise since they’ve been keeping records). In London, the rise was 0.8% (leaving the average rent up 6.3% on the year).
Unemployment in the UK was largely flat at 2.67m in the three months to December, raising hopes that the deterioration in the economy and the labour market may be slowing down.
The figure was up by 48,000 on the previous quarter – half the rate of increase seen in recent months – but down slightly on the 2.68m in the September-November period.
With the number of job vacancies rising to 476,000 in the three months to January, economists suggested the worsening employment outlook had eased.
The CBI has predicted the UK will avoid a double dip recession, but two other surveys suggest the economy may worsen.
The employers’ organisation, the CBI, said it expected growth of 0.9% in 2012 and 2% next year.
The Bank of England has agreed to extend its quantitative easing (QE) programme by £50bn to give a further boost to the UK economy.
The Bank’s Monetary Policy Committee (MPC) also said it would keep interest rates at their record low of 0.5%.
UK interest rates have been held at that level since March 2009.
Jonathan Freedland compares today’s Crossrail project with the first Thames tunnel built by Marc Brunel in 1825.
Click image to listen
The Long View - Crossrail
Interest rates will stay on hold at their record low until 2016 according to the Centre for Economics and Business Research. Growth under or around 1% for years to come will force the Bank of England to keep the base rate at 0.5%, cut to that level in March 2009, for another four years, the CEBR predicts.
Channel 4 ran an interesting story yesterday investigating the potential legacy of the Olympic Games on local businesses, it looks like international corporations stand to gain much more than local businesses.
A controversial new high-speed rail line between London and Birmingham is approved by the government, which says it will bring major economic benefits.
The first phase of the project would cut London-Birmingham journey times, on 225mph trains, to 49 minutes, Ms Greening said.
This would be followed by a second phase of Y-shaped track reaching Manchester and Leeds by about 2033.
Connections to existing lines should then cut journey times between London, and Edinburgh and Glasgow, to three-and-a-half hours.
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Merry Christmas and Happy New Year.
