Image copyright Getty Creative Expansion of the commonhold system of home ownership as an alternative to leasehold tenancies has been urged by the government’s law reform adviser. Commonhold – where people own their homes without an expiring lease – was introduced 14 years ago, but has been little-used. Meanwhile, there have been widespread complaints about …
Image copyright Creative Commons Image caption Interserve holds the contract for cleaning Network Rail stations Shares in Interserve – one of the UK’s largest providers of public services – have collapsed after it revealed it is seeking a rescue deal. The firm, which works in prisons, schools, hospitals and on the roads, has £500m of …
Could 5G connection speeds demonstrated by Nokia in Riga, Latvia, be replicated in the real world? Source by [author_name]
Image copyright Getty Images The pound has fallen to an 18-month low against the dollar amid mounting uncertainty about the terms of the UK’s exit from the EU. After reports that Theresa May is delaying Tuesday’s vote on her Brexit deal, the pound fell to $1.2656, its lowest level since June 2017. The pound slipped …
Image copyright Transport for London Image caption Crossrail – to be known as the Elizabeth Line – had an original budget set at £15.9bn in 2007, which was then cut to £14.8bn in 2010 A £1.4bn bailout has been announced for Crossrail, as Europe’s biggest infrastructure project is pushed back beyond its launch date of …
Image copyright AFP/Getty Indian business tycoon Vijay Mallya should be extradited from the UK to India where he faces fraud charges, a London court has ruled. The extradition ruling will be passed to the Home Secretary for approval. Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on …
Image copyright Reuters Image caption Rumours have been swirling around Mr Patel’s resignation for weeks The governor of India’s central bank, Urjit Patel, has resigned from his post citing “personal reasons”. His resignation comes amid reports of a rift between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government, This marks the …
Image copyright Reuters Image caption Vijay Mallya denies the allegations against him Indian drinks tycoon Vijay Mallya is due to find out whether or not he will be extradited from the UK to India, where he faces charges of fraud. Mr Mallya, who left India in March 2016 after defaulting on debts worth more than …
Image copyright Getty Images Growth in the UK’s economy has slowed as car sales fell and the manufacturing sector stalled, the Office for National Statistics (ONS) has said. The economy grew by 0.4% in the three months to October, slower than the 0.6% in the three months to September. “GDP growth slowed going into the …
Image copyright Reuters Image caption Vijay Mallya denies the allegations against him Controversial tycoon Vijay Mallya is waiting to learn whether he will be extradited to India to face charges of financial crimes. Once called the “King of Good Times” due to his extravagant lifestyle, the businessman has been embroiled in financial scandals since 2012 …