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The Boxing Day sales got off to a flying start with shops reporting a surge in business during the first hour of trading.Read the full story ›
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Shoppers are expected to have spent £150m this weekend in the West End alone.
And retailers expect to take up to £300m before Christmas, according to the New West End Company.
Footfall has also risen by 6.7 % from 2013, it said.
Tuesday between 1-2 pm is set to be the busiest hour on the busiest shopping day across Britain, according to the credit card provider Visa.
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.
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".
Londoners are expected to spend around £150 million this weekend beginning on 'panic Saturday' as shopping days before Christmas dwindle.
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 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.
The five biggest earners in the UK were all London authorities.Read the full story ›