Live updates

Boats worth millions carefully hoisted into Excel

Yachts and powerboats worth millions of pounds have been painstakingly lifted into place ahead of next month's CWM FX London Boat Show at the ExCel.

The 61st annual London Boat show, will run from January 9 - 18.

There will be almost 400 boats on display, including these yachts which were precariously lifted out of the Thames earlier this week by a team of engineers.

A full range of vessels will be on display from £300 boats right up to £4.7million luxury yachts, ranging from a tiny 8ft Ribeye TL240 up to the colossal Sunseeker yacht which measures 92ft.

Crowds fill the capital for 'Panic Saturday' buying

Shoppers have battled crowds across central London in the hunt for late Christmas bargains on a day when £1.2 billion was expected to be spent on Britain's high streets.

Sales on Bond Street, Oxford Street and Regent Street alone was tipped to surpass £150 million during the vast consumer spend, which has been branded "Panic Saturday".

Shoppers looked for Christmas presents under the bright lights of Carnaby Street. Credit: Dominic Lipinski/PA Wire
Oxford Street thronged with shoppers on the final weekend before Christmas. Credit: Dominic Lipinski/PA Wire
The heavy footfall - estimated to be up 7.1% in the early hours - meant busy crowds at the capital's Christmas markets, including the South Bank. Credit: Stefan Rousseau/PA Wire


West End shoppers to blow £150m this weekend

Londoners are expected to spend around £150 million this weekend beginning on 'panic Saturday' as shopping days before Christmas dwindle.

West End shoppers to blow £150m this weekend. Credit: PA

The New West End Company predicted the retail takings, and said that footfall in the West End this morning was up 7.1% year on year.

House price growth slows in London

House prices in five UK cities have been rising faster than in the capital.

Findings by Hometrack found house price growth in London slowed by two-thirds in the last quarter to 0.5%. That is compared to 1.4% three months ago.

Meanwhile property in Edinburgh, Glasgow, Southampton, Bristol and Birmingham rose at a faster pace in the three months to November.

Edinburgh (1.8%) and Glasgow (0.9%) registered the fastest house price inflation in the last quarter, as demand fed back into the market post-referendum.

The greatest reversal was seen in Aberdeen (-0.4%) and Cambridge (-0.2%), but Oxford (0.3%), Cardiff (0.2%) and Bournemouth (0.1%) also showed pronounced slowdowns.


Call to improve internships in London

London has a major problem with unpaid internships- according to The London Assembly Committee. It's calling on the Mayor to make internships more accessible to young people- AND financially viable. One third of young adults in London have been or currently are an intern- but fewer than 40% are paid the minimum wage. The committee believes unpaid internships are bad for young people, and business. It recommends any internship lasting longer than 4 weeks should preferably be paid the London Living Wage.

Committee calling on Boris Johnson Credit: PA

Jenny Jones AM, Chair of the Economy Committee said:

"Internships should be fair and accessible to all, and they deserve to be paid.

The cost of living is much higher in London and unpaid internships are a big problem, especially in sectors like the media, politics and the fashion industry, where London leads the world.

Internships are often not paid at all Credit: PA

The letter makes a number of recommendations to the Mayor, including:

-Promote good quality paid internships in London - any internship lasting longer than four weeks should be paid at least the National Minimum Wage, and preferably the London Living Wage.

-Be part of an awareness-raising campaign on the rights of interns and make clear to business the legal requirements and benefits of paying interns.

-Address the lack of data and commission more research to understand the role of internships in London and to target further interventions.

Thousands of older job seekers returning to work

Thousands of older jobseekers have returned to work in the last few years Credit: PA

Official figures released today have shown that over 100,000 job seekers over the age of 50 have found new jobs in the last five years.

The city's jobcentres have particularly been focusing on providing back-to-work support for older workers, but the government says employers can still do more.

Billion pound boost for London's motorways

The government money will go towards making road improvements across London and the South East Credit: Steve Parsons/PA Archive

Plans to unveil a two billion pound boost to improve roads across London and the South East will be unveiled by the government later today.

The money will go towards expanding junctions on the M25 as well as building a new bypass on the A27.

Load more updates