Findlay are proud to present new works by YiMiao Shih in our office on Broadway Market ’till 10th of August. There will be a preview on 3rd of July, pop in to see YiMiao’s work and have a drink!
The London Evening Standard reports that the announcement in America that interest rates are expected to be held at their current level until 2015 is reassuring for mortgage borrowers in the UK. If the US keeps rates low, the Bank of England will have to follow. Read more here.
The venerated National Geographic has a feature on East London in this months issue. This caption appeared beneath a photo of some trendies on Broadway Market “On Saturdays, East London’s newest arrivals—the young and affluent—linger in trendy cafés and trawl the stalls of Broadway Market. Formerly a locus of garden-variety fruit and veg stands, the market now offers eco-friendly bamboo socks, loin of venison, and hand-sliced smoked salmon.” Click image to go to gallery.
Trendies on Broadway Market
The good people at Tropolis have put together an excellent guide to east London during the Olympics. Written by someone in the know and well worth a browse, click the image below to go directly to their site…
Click to go to Tropolis
The Evening Standard reports that the majority of the capital’s population now lives east of Blackfriars Bridge. This remarkable demographic shift to just beyond the Square Mile’s ancient walls is largely due to new transport links — the Jubilee line and the East London line extensions among them — that have combined with riverbank regeneration to revitalise City fringe districts, now bursting with dot.commerce businesses and new cultural and leisure attractions.
Truman Brewery Brick Lane
The Econmist this week has a special report on London. This is London’s year. London has resisted Britain’s relative decline. Globalisation is distilled and concentrated in London, making it the world’s most international city. New York has as many foreign-born people as London—a bit more than a third—but its businesses look to America, whereas London’s look out to the world. Read more here or watch the video.
Fascinating stuff.
A majority of Londoners who rent their home say they have been priced out of property ownership forever.
London Councils, which represents all local authorities in London, commissioned Ipsos MORI to survey Londoners on the capital’s housing stock and market.
The poll found that six in ten renters and half of all private sector renters do not expect to ever be able to buy their own home.
The London Evening Standard reports that thousands of new homes for rent are being built in London aimed at young people who have made a lifestyle choice to be tenants, says David Spittles
London’s resurgent rentals sector is leading a nationwide boom in private lettings that will change the face of the property market over the next decade.
Private renting now accounts for 27 per cent of all homes in the capital and has overtaken social renting, which accounts for 24 per cent.
The London Evening Standard reports from the fringes of the park-cum-outdoor catwalk that is London Fields. Unfortunately nobody from Team Findlay caught the photographers eye.
Click image below to go to gallery:
Click to go to gallery
From the FT: The International Monetary Fund has called on the Bank of England to cut interest rates and resume printing money to boost demand in the economy. It has also asked the UK government to prepare a Plan B for deficit reduction if these measures do not work.
In a tough assessment of the UK’s economic prospects, the fund said the economy had not responded as it had hoped and risks of continued stagnation were high.
It said “further monetary easing is required” and should happen with more quantitative easing and a cut in the 0.5 per cent interest rate.
Click image to go to FT story