Live updates

Advertisement

£5 million boost for London museum

The Natural History Museum is one of the city's most loved attractions Credit: Kirsty Wigglesworth/PA

The Natural History Museum is set to receive a £5 million pound donation today.

The figure is the largest ever donated from an individual in the museum's 133 year history.

The donation has been made by Sir Michael Hintze and his wife, Lady Hintze.

House prices 'at strongest level' for years

House prices have been rising over the past few years Credit: REUTERS/Andrew Winning

Surveyors have reported that house sales have lifted to their strongest levels in six years.

The report, from the Royal Institution of Chartered Surveyors, comes with expectations that property prices are set to life even higher across the country.

However, there are also signs the pace of house price growth seen in London could cool later in the year.

Londoners say UK needs more homes

A new survey has found that Londoners see the greatest need for house building in the UK.

68% agree that more new homes are required - a higher proportion than the national average of 56% and those in the North where only 52% agreed.

Londoners want more house building in the UK Credit: Reuters

The findings form part of a nationwide study by financial firm Genworth highlighting the difficulties Britons face trying to get a foot on the property ladder.

It showed that 81% of British adults feel that saving for a deposit remains the key obstacle to owning a home.

Half of Londoners now think renting is 'the norm'

Londoners are becoming increasingly pessimistic about getting on the property ladder, with 50% saying Britain is becoming more like other places in Europe where renting is 'the norm'.

Renting in the capital is becoming 'the norm' according to a large proportion of Londonders Credit: Reuters

A new report by Halifax also found that 83% of potential homeowners in the capital are unwilling to sacrifice the quality of accommodation they currently live in order to save up for a deposit.

The report also found that one in five young people aged 23 to 27 still have no desire to own their own home, despite the introduction of the Government's Help to Buy scheme. The scheme has previously struggled with uptake in the capital, where the average house price is now £458,000.

Advertisement

Islington revealed as personal debt hotspot

Islington is one of the UK's personal debt hotspots, new figures have revealed. Credit: PA Wire

Islington has one of the highest levels of personal loan debt per head in Britain, according to new figures.

The postcode sector of EC1V 2 in London, which covers Islington in north London, has the second highest level of personal debt per head at £2,188 putting it just behind Bath in the list.

The figures, released jointly by the British Bankers' Association (BBA) and the Council of Mortgage Lenders (CML), also revealed that one quarter of Britain's £897 billion mortgage debt is owed by people in London.

Renters in the capital face a financial crisis

A new survey has shown that 2 in 5 private renters in London have to cut back on food and heat in order to pay their rent. According to campaign Generation Rent 42% said they had to limit their heating while 41% cut back on food.

London has 2 million private renters. 1.5 million people, almost 75% said that they rent because they cannot afford afford to buy their own property. Despite high costs conditions remain poor for many renters. 31% are living in properties with unacceptable dampness.

Landlords are often unsupportive of their tenants with 40% of renters saying their landlord does not care about their living standards.

Load more updates