Gumtree, the go-to website for students looking for a cheap room, seems to be moving into the luxury home business!
Average levels of pay have fallen in London over the last 12 months, partly down to the drop in bonuses paid in The City.
Properties in London are taking an average of 3.6 weeks to sell, and most get the full asking price.
Only four people regularly use the Emirates cable cars, which connect Greenwich Peninsula and the Royal Docks. That's down from 16 last year. The figures were obtained under the Freedom of Information Act by 'The Scoop'.
A huge tunnelling machine has finally completed its18 month journey beneath the streets of London from Royal Oak to Farringdon. It has created the first tunnel that will be used by Crossrail. Piers Hopkirk shows us what London's east-to-west route will look like when it finally opens in 5 years.
Boris Johnson said: "The completion of the first section of Crossrail tunnel is a fantastic achievement for everyone involved in delivering this landmark infrastructure project."
The first completed tunnel in the £14.8 billion cross-London Crossrail project has been unveiled. Tunnel machine Phyllis bored 4.25 miles between Royal Oak and Farringdon in the city of London in an 18-month operation.
Crossrail's seven giant tunnelling machines have completed more than nine miles of the 26 miles of new train tunnels that will link east and west London. Another 8.75 miles of new passenger, platform and service tunnels are being constructed below the new Crossrail stations.
It was part of the Olympic legacy to provide new affordable housing for east London. But no-one has moved into the flats that housed the London 2012 athletes, because of delays. So families have been left with nowhere to live and no explanation. Our Political Correspondent Simon Harris reports.
Triathlon Homes has issued a statement saying it eagerly awaits the handover of homes from the ODA which it expects any day now. And the first residents could move in within a couple of days.
– Ben Rogers, Director of Centre for London
The time has come for the creation of a London statutory minimum wage. While the US federal government sets a national minimum, many US states and cities, including San Francisco and New York State, now set their own higher minimum wage adapted to their particular circumstance. We should follow their example.
The Centre for London think-tank and Trust for London charity said the capital's economy could support a rate of £6.75 an hour for working adults; 7% higher than the statutory figure of £6.31.
The higher rate would increase the pay of around 175,000 workers by up to £800 a year, said the report.."
The national minimum wage, set by The Low PayCommission, does not take into consideration regional variations in theeconomy. The report argues that whereas low-paid workers in the rest of thecountry have benefitted from its introduction, those in London have not to thesame extent.
The report suggests that the very differentnature of the capital's economy means London employers could afford to pay ahigher minimum wage than they currently do, without causing job losses.
The successful staging of the London 2012 Olympics has led to other countries turning to Britain to help deliver their own events, according to a government official.
Reacting to news that the UK had met its four-year target of raising £11 billion worth of economic benefit from the Games in 12 months, Trade and Investment Minister Lord Green said:
"The delivery of London 2012 on time and on budget led to hosting nations turning to the UK to help deliver their own events with supply opportunities running into the billions.
"UK Trade & Investment has played a key role in helping British companies maximise these opportunities and the result is a £11.06 billion boost to the UK economy from the Games, reaching our four-year target in just over a year."
A four-year target of raising £11 billion worth of economic benefit from the London Olympics has been met in 12 months, the Government has announced.
The country has benefited from new foreign investment, additional sales and firms winning contracts since last summer's events, according to a report.
The total includes £130 million of contracts won by UK companies for next year's soccer World Cup in Brazil, and the next Olympic Games, in Rio in 2016.
A plan backed by Boris Johnson to replace Heathrow and move the airport east could be thrown off course. A £3 billion flaw has emerged in the Mayor's ambition to build an estuary airport on the Isle of Grain.
The site is currently used to supply a fifth of Britain's energy needs and moving that elsewhere would come with a huge price tag
ITV London Political Correspondent, Simon Harris reports: