London: Budget speculation surrounding mansion and wealth taxes has failed to dampen demand for prime central London residential property, says Liam Bailey, Head of Knight Frank’s Residential Research department. Property has taken centre stage in the run-up to the annual Budget, with a debate raging between political parties about a possible property tax on homes [...]

London: The British Government has today accepted the independent Low Pay Commission’s (LPC) recommendations for this year’s National Minimum Wage (NMW) rates. Effective from 1 October 2012, the adult rate will increase by 11p to £6.19 an hour. The rate for 18-20 year olds will remain at £4.98 an hour. The rate for 16-17 year [...]