@AndyMpolitics @joncstone @botzarelli the square mile does actually seem like that to me - steeped in complicated and unique history and myths - it is a realm (or "local authority") that is governed differently to the rest of the country
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There’s no real reason for most people to go Bank on a regular basis other than for work. It doesn’t particularly need to be a landmark that people like.
Jon Stone@joncstone
removing cars from Bank has turned it from a generic horrible junction to a landmark that people actually like. so many other spots in London could do with the same treatment
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Exclusive - in London private renters will get £400k from @MayorofLondon to help enforce their new rights and crack down on rogue landlords under Renters Rights Act from May - my write up @theipaper
inews.co.uk/news/renters-l…
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It’s clearly ridiculous rage-bait but I’m totally disarmed by that pretty American journalist. My simple brain can be easily manipulated.
The Telegraph@Telegraph
🚖 Black cab drivers say road restrictions, LTNs and 20mph limits are turning London into an impossible place to work, with some quitting the trade altogether So what is currently the fastest means to get around in the capital, walking or taking a taxi? We've put this to the test, and unpacked all the reasons the taxi drivers might be struggling here ⤵️ telegraph.co.uk/news/2026/03/2…
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@mongrelcelt @LouisaMetcalfe_ I thought magna carta restrained the king, but also empowered the barons by formalising the feudal system into law. Anyway, the legislation sounds like it fixes the future, but compromises around existing enforceable contracts. Not as good as the renters rights act is for renters
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@_CommonTreasury @LouisaMetcalfe_ Magna Carta decreed King & gov were not above law. Yet Freeholders seem exempt! A loophole in abolition of feudalism. The privileged rentier class have cast a voodoo spell, keeping their zombie tenure alive to cannibalise to economy. The spell needs to be broken, loophole closed
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Leasehold has crashed the LDN flats market. Labours laughable policy of only new build Commonholds will not un-crash it, bc almost all LDN flats are secondhand. No one wants LH; theres no price discovery for it
Meanwhile LH continues to divert disposable income away from economy
Louisa Metcalfe@LouisaMetcalfe_
Need to end leasehold first. Leasehold flats are 36% of London stock, LDN has 24% of UK market (£2.64tn), > the combined market cap of all FTSE 100 companies. Many millennials are in negative equity, will exasperate generational divides & damage economy & social mobility further
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@joncstone @botzarelli as well as improving the realm to make the area more pleasant for workers and visitors hosting meetings outside their office, there are plenty of interesting places for tourists - it is the square mile after all - like the bank of england museum, monument, loads of churches etc
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@botzarelli yeah why should anything be good. lets just live and work in a miserable shithole for no reason
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@mongrelcelt @LouisaMetcalfe_ I sympathise with leaseholders. But I guess they all signed enforceable contracts? - which poses a problem - any conversion of existing LH entails a massive wealth transfer - and those massive ruthless entities set to lose, will contest it indefinitely in the courts, won't they?
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@MatthewFine0 isn't part of the point that right now landlords receive market rate rent for freezing cold EPC-Z Victorian flats with knackered sash windows and no insulation, and the govt cannot permit that to continue in the 21st century private rented sector?
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Warning that buy to let is facing “EPC time bomb” - Ed Miliband doing to others what no other country is doing, I wouldn’t mind but what qualifications does he have for this type of work apart from the love of the lefties! lettingagenttoday.co.uk/breaking-news/…
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@TonyB_1997 @GShitsville @EssexPR @iamtomskinner he's a public schoolboy man of the people, like Farage
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@GShitsville @EssexPR @iamtomskinner He says he had a scholarship. But it’s also said he used to turn up in his father’s Lamborghini.
You certainly shouldn’t rely on everything you read on Twitter, so happy to see the record corrected if needed.
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Brilliant, I can’t wait to see the snobby left wing nut jobs lose their minds over this.
Go on mate @iamtomskinner 👏🏼
BBC Question Time@bbcquestiontime
On the panel this week, businessman and television personality Tom Skinner #bbcqt
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@katefaulkner @Victoria_Spratt Abolishment of s21 is opposed only by criminal and amateur landlords because they and their lenders profiteer from the threat of s21, whereas the financially sustainable models of the PLCs and compliant SME landlords who will emerge, don't need to keep a s21 in their back pocket.
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@_CommonTreasury @Victoria_Spratt Agree on ur first part, but to say all LL are criminal etc is factually incorrect. Less than 10% of tenants are asked to leave, most due to rent arrears, causing issues to neighbours or property. One thing we will learn from banning S21 is that most evictions were for a reason!
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I love being exactly the same age as Thatcher’s Housing Act 1988
Ben Twomey@BenTwomeyUK
38 years ago Section 21 evictions were born, leading to millions of renters being evicted with no reason given and through no fault of their own. In 38 days’ time, those evictions will be consigned to history. [1/4]
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@The_Landlord don't talk yourself down. you are as influential as samuel leeds.
I cannot see buy-to-let working anywhere on gross yields of less than 7.5% post RRA
those buying tenanted property currently target 10% gross on single family homes and 15%+ for HMOs
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@_CommonTreasury You think I can move markets? Well, I guess that's flattering.
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There will be people sidelined once again because of increased mortgage rates.
Don't listen to influencers, and don't try to time a perfect entry.
The last 6 months seemed like good buying conditions, but many paused because they believed they can predict markets.
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@katefaulkner @Victoria_Spratt Thatcher should have de-regulated planning simultaneously, to permit the growth of a professional, institutionally funded PRS, to accommodate the return to cities. Her failure permitted the wild-west amateur & criminal sector we have today, which will rightly be reset on 1st May.
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@Victoria_Spratt 38 years ago there was hardly a PRS The Act was partly to house those on benefits as Conservatives didnt wanted social housing. One of the biggest disasters for our economy and those in need. The PRS houses 1mn of the 1.4mn on housing waiting lists & LL are vilified for doing it!
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@financial_shaw Hi Lewis, what rates are on offer for a 50% LTV buy to let fix right now please?
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Pack up shop at this point.
GIF
Rachel Dixon@rhdixon1
I have a feeling house purchase may well slow down completely . Virgin at 90% up by 0.70%. Crazy increases .
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Years ago in Word, if you clicked on a word it would tell you (eg) “word 10,000 out of 20,000”. Now you can only get that stat if you highlight a big chunk of text. Not really practical if you have a very long document. Is there a hack?
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@Adespoto3 @ChaponaBike123 pickups are always driven by psycopaths
Ford Rangers the very worst of the psychos
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@ChaponaBike123 They don't let you drive a pick up without your Emotionally Unstable Certificate.
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Nice long video. To waste 4 minutes of a troll's life is always good, but classic MGIF and odd driving.
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@kickingmustang @Victoria_Spratt @John_Stepek it is a perfect storm for the UK already
if Trump does not step back god knows what will transpire
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@_CommonTreasury @Victoria_Spratt @John_Stepek Covid should have been the reckoning, instead they juiced the economy even more. There’s no juice left, this house of cards is coming down…
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This - the problem is that there is no real safety net for an economic disruption this significant. That's why Britain's govt must keep making it clear they're talking about how to help consumers, etc.
John Stepek@John_Stepek
The fundamental problem for markets right now is that in the Iran war, they've finally run up against a problem that emergency monetary policy can’t fix. There is no Greenspan put in this situation. (And TACO is a poor substitute).
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@kickingmustang @Victoria_Spratt @John_Stepek exactly. there is quite a lot of protection for the overly indebted already - their mortgages are heavily regulated consumer products - they can flip onto interest only. Renters are arguably due special protection from eviction where LLs default on (commercial!) buy-to-let loans
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Mortgage relief? Funded how? By who? You do realise that would cause bonds to fall and IR would increase? It would be shooting yourself in the foot. Dumb think.
Let the market play out. They need to hold their hands up & admit they didn't fix the roof while the sun was shining.
Only the creative destruction of wealth can heal the world now.
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@hewantswealth you get relief at 20%
you should petition the govt to keep hold of that, they clearly want amateur sole trader landlords to sell up
they are right, amateur landlords are a bunch of spivs and penny-pinching boomers. you should sell up - to tenants or pro-landlords who aren't skint
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Please can you sign this petition to help landlords have their mortgage interest deducted when calculating taxable rental income?! Thanks in advance…
petition.parliament.uk/petitions/7578…
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Rumours circulating of the Personal Tax Allowance increasing from £12,570 to £20,070 🤯
After YEARS of frozen thresholds…this feels like a breakthrough.
More money in your pocket.
More breathing room.
More opportunity to actually get ahead.
A monumental shift…🚀
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@TonyB_1997 @TiceRichard @reformparty_uk A Reform victory is not priced in. If it were, we would already be negotiating with the IMF.
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@TiceRichard @reformparty_uk If the markets thought you’d come along in 3 years and do any better then that would be priced in.
If they thought you’d come along in 3 years and fuck it up even more, that too would be priced in.
Are they pricing in success, or failure of your future Reform government?
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Markets are applying massive “moron premium” to Labour ruining UK economy
1yr gilt yield is higher than Mexico & Brazil….
Only @reformparty_uk can save Britain
Wilfred Frost@WilfredFrost
UK 10 yr gilt yield at 5% is really quite striking. Up from 4.3% at start of March. Perhaps more striking is 1 yr yield at 4.5%, up from 3.5% at start of March, whilst BoE rate still at 3.75%. Our finances always put us in vulnerable position to any shock, especially energy one.
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