Business and Economics

This isn’t sour grapes, if I inherited £9bn I would be dead within the hour, I couldn’t be trusted with that amount of money, to be honest I am not sure who can. Well one young man, 25-year-old Hugh Grosvenor, has just been handed his late father’s (the Duke of Westminster) legacy of £9bn. Firstly, he must still be grieving at his father’s sudden death and certain groups have laid into him quite harshly. It isn’t his fault his father...

A host of local businesses have been given a platform at the soon-to-open Deptford Market Yard. Some of the best start-ups and independents from Deptford’s buzzing creative and entrepreneurial community will take residence within the renovated historical railway arches next to Deptford station, building on the already thriving local market and retail scene. Many of the new businesses are local start-ups who will have their first permanent, physical space in the outlet. Previously they’ve run street food trucks, pop up shops and market stalls in the...

London’s 24 hour economy could be worth nearly £30 billion to the capital each year by the start of 2030, according to new research. It is currently worth up to £26.3 billion annually, around eight per cent of London’s gross domestic product, and directly supports one in eight jobs – a figure of 723,000 workers. The report suggests this could rise to 790,000 in less than 15 years. The research, undertaken by London First – the membership group for London...

New data has come to light that indicates that businesses in the South East and London have suffered the most since the decision to leave the European Union. Companies in the region have had a negative impact on the service and manufacturing sectors. Output has contracted for the first time in almost four years as the uncertainty of what will happen in a post-Brexit UK has decreased demand. It appears business are very cautious about investing when they have no...

City bosses have seen another huge yearly income rise, which will further anger the general population who are struggling by on stagnant wages. The news also comes as a recent study found that increased pay for businesses bosses does not necessarily improve the companies performance. This recent study, by the High Pay Centre, has revealed that chief execs of FTSE 100 firms saw their average income increase by ten per cent in 2015. Shockingly, median pay rose to almost four...

Options trading is a fast paced, fascinating and potentially highly rewarding form of financial trading that allows individuals to invest and trade in options - also known as binary options trading and digital options.  TheLondonEconomic.com introduce EzTrader, the options trading platform. What does it involve? An option essentially describes a financial contract, giving the owner the right to buy or sell an asset at a fixed price, before or on a certain date. Although the owner has the right to...

By Charles Hibbert  It is well known around the markets and economy that expansions don’t last long, they don’t die of old age, but that doesn’t mean they can’t get still get slightly weary and last a little longer. In the eighth year of the current bull market, recent stocks have risen to an all time high, which makes this the second-longest lasting market in history. However, despite this success, Jonathan Gilonna head of US equity strategy research at Barclays...

A group of prominent economists have submitted an open letter to the Guardian, in which they claim literally handing out cash to British citizens will boost the economy. The academics believe that this is the best method to bring life back into the UK economy, which is in real danger of sliding into another recession. Mark Carney, has just dropped interest rates to a historically low 0.25 per cent, but these economists think that their theory would boost the economy...

The Bank of England has cut interest rates to 0.25 per cent and hinted at further cuts in the next few months. Interest rates haven't been cut since the financial crisis took hold in 2009 and now stand at a record low. The Bank also announced the biggest cut to its growth forecasts since it started making them in 1983 on the back of the economic uncertainty caused by Brexit. It has reduced its growth prediction for 2017 from the...