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?
“Bank of England warns of longest recession in 100 years as it raises rates to 3%”
Remember the good old days, when growth was king, tax cuts and not tax rises were the order of the day, there was no talk of recession and the help we going to get with our energy bills would have sorted out inflation.