Monthly Archives: March 2014

Russia is just the latest of more than 40 countries subject to sanctions since 2000, with 35 restrictions still in placeincluding a growing range of targeted measures.

Business users breathed a sigh of relief on Thursday after the UK’s statistics authorities announced they have decided against scrapping the 200-year-old census. They plan instead to replace paper forms mailed to households with an online questionnaire. Read more

Martin Stabe

Banks have paid more than $100bn in legal settlements with US regulators since the financial crisis, data compiled by FT reporters shows.

Update, August 7: Bank of America’s $16bn settlement over allegations of misselling mortgage-backed securities brings the total for the first eight months of 2014 to more than $50bn, exceeding the total collected in the whole of 2013. Read more

Emily Cadman

(c) Getty Images

Anyone who spends time in the capital, where flocks of cyclists are a feature of life, will nod in recognition at the news that the number of people cycling to work in London has doubled over the last decade.

But what’s less known is how far this increase has been driven by the gentrification of inner London. House prices have soared in London’s poorest urban boroughs as 20-somethings and families have stayed in London, rather than moving out to suburbia.

Local authority Change in average house price 2001-2011 Change in people cycling to work 2001-2011 IMD ranking (1=most deprived)
Tower Hamlets 76.5% 251.8% 1
Hackney 111.7% 231.8% 2
Southwark 97.6% 163.6% 3
Islington 95.5% 159.0% 6
Haringey 97.8% 147.5% 11

(Source: ONS, Land Registry) Read more

More millionaires migrated to the UK between 2003 and 2013 than to any other country worldwide, and London topped the rankings for millionaire residents in a single city.

A net flow of 114,100 dollar millionaires flocked to the UK over the decade in question, taking the country’s total to 815,000, or 13 people per 1,000 residents.

More than 60 per cent of millionaires moving to the UK since 2003 were from Europe, according to the report compiled by specialists in wealthy individuals, New World Wealth. The figures exclude the value of primary residences.

 Read more

The March 19 Budget will be delivered against a background of broad economic positivity, but that tone may not sit well with everyone. Since George Osborne’s speech this time last year, fortunes have been mixed: the labour market has been slow to pick up in the East Midlands, the north has been hit by job closures and production of transport equipment has fallen.