For all the talk of a ‘working from home’ revolution, it seems there’s just as much demand for office space in London and the City as ever, borne out by a very unscientific drive-by survey on my last visit to The Smoke. It’s also interesting that there’s little evidence of a Brexit business exodus; perhaps our capital still has some pulling power, despite everything. Another headline this week, however, was ‘Quatar reviews London assets’. It seems they’re not happy with the bad World Cup PR, and are not likely to add more of our prime real estate to their portfolio. They already, however, own Harrods, The Shard, Chelsea Barracks (!), Grosvenor House, half of Canary Wharf, 20% of Heathrow and 14% of Sainsburys. Who knew?
“The true impact of inflation on cash savings and pensions”
Leaving your money in the bank or building society has always meant that its ‘real value’ after inflation will go down. Although rates go up to, supposedly, control inflation, any chart you look at will show that, apart from a few very short-term blips (N Lamont, I’m looking at you) they are never more than inflation.