By Jack Peat, Editor of The London Economic The great London housing crisis is a potent example of how capitalist structures fail when left to their own devices. Mayor of London Boris Johnson believes we would be utterly nuts as a society if we "slammed the door" on wealthy foreigners ...
By Adam Walker, Economics Correspondent The Digital-Savvy Generation Rises To Power Facebook has acquired mobile phone messaging app WhatsApp for a total of $19 billion, giving them a bigger corporate value than giants such as American Airlines, Ralph Lauren and Tiffany. Launched in 2009 the app was based on a £0.79 subscription ...
By Haridos Apostolides, US Correspondent The only thing sadder than the shooting of two mall employees in Columbia, Maryland, is that it has become an unsurprising fixture in both American and worldwide news. On Saturday, in a suburb between Washington, DC and Baltimore, Darion Marcus Aguilar opened fire inside a Columbia Mall ...
Freedom of Information request reveals the cost of failed Boris Island plans. Despite extensive publicity and substantial resources, Boris Johnson’s grandiose hub island airport failed to land a spot on the Airports Commission’s shortlist for expanding UK airport capacity. The three options earmarked for further consideration included adding a third ...
By Joe Mellor, In house Reporter Sir John Major is front page news again, in a comeback as unlikely as a new Gary Glitter release topping itunes. The state-educated former prime minister, whose father Tom was a famous circus performer, had previously kept a low profile since leaving office in ...
By Rachel Wilson, Political Reporter On November 4 2013 the Living Wage rose by 25p to £8.80 an hour in London. Outside of London it rose from £7.45 to £7.65. Focused on stemming the rising tide of 'in-work poverty', the modern UK Living Wage campaign was launched by members of ...