Jonathan Prynn is the Evening Standard’s award winning Associate Editor, Business, covering a huge range of news stories from property, retail and the economy, to restaurants and travel. He has previously worked at The Times and the Sunday Telegraph and has lived in London since the late Eighties with spells in Islington, Wandsworth, Holland Park and Hammersmith....
Jonathan Prynn is the Evening Standard’s award winning Associate Editor, Business, covering a huge range of news stories from property, retail and the economy, to restaurants and travel. He has previously worked at The Times and the Sunday Telegraph and has lived in London since the late Eighties with spells in Islington, Wandsworth, Holland Park and Hammersmith.
Average two-year mortgage interest rate hits 6% in rate surge
The average 2-year fixed rate mortgage rate climbed to 6.01% on Monday in a fresh blow to homeowners and first-time buyers
Glastonbury’s favourite welly falls victim to a sales drought
Exclusive: Lack of rain blamed as Hunter Boot sales dry up
Caution is still the word on inflation
City Comment: “Early signs” and “starting to ease” do not smack of a huge breakthrough
Sunshine, the Ashes and the Great British WFH bunk-off
London’s pubs — already experiencing a heatwave boost — were expecting crowds of early drinkers as play between England and Australia started at 11am
Banks raise rates again in further mortgage pain
Further rises come at the end of a chaotic week in the mortgage market
Mortgage mayhem: London homeowners feel pain as repayments soar
Analysis for the Standard shows London homeowners face annual mortgage payments sky-rocketing by as much as £8,000
Apple opens new store at Battersea Power Station
Outlet is first in Europe of a “next generation” format with high levels of sustainablity and accessiblity
Fundamentals need fixing to save the IPO revival
City comment: Global confidence in UK capital markets remains low
High street growing as people head to pubs and restaurants
GDP was up 0.2 per cent in April, in line with City forecasts
Cheapest square on Monopoly board gets New York style overhaul
First apartments in Manhattan inspired Old Kent Road development go on sale from £440,000
This gilt crisis isn’t like last year. There’s no easy fix anymore
City comment: Getting rid of the Chancellor or Prime Minister won’t calm the markets this time
Rising wages stoke fears of more interest rate hikes for home owners
The latest wages data comes amid turmoil in the gilts and mortgage markets
Fears of fresh mortgage chaos as gilt yields top mini-Budget levels
The latest surge in yields to 4.8% was triggered by stronger than expected jobs data
Enjoy the weather this week - we can look at economic forecasts later
City Comment: There’s a summer to enjoy
Santander to withdraw its mortgage deals this evening
A new range of products will be launched on Wednesday says the Spanish owned bank
London rebounds as Tube use and dining out recover
But there was also a fresh warning that the capital could do even better if the Government restored tax- free shopping for foreign tourists
UK ‘to avoid recession’ as stronger growth forecast
The UK economy will re-enter growth territory in the second half of this year, the CBI forecasts
Workers will return to offices if commute is made a bit less miserable
City Comment: It is now up to the train companies to raise their game
Mortgage panic leads purchases to fall through as HSBC pulls loans
Yesterday afternoon HSBC became the latest top player to pull its loans
Latest floats are good news, but London’s IPO sector isn’t back yet
City Comment: Even two swallows do not make a summer
London house prices see annual fall for first time since 2012
The Halifax research showed some of the biggest price falls were in London and the South East