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UK housebuilding
UK sends Canary Wharf landlord first cladding bill under new powers
...Michael Gove has launched a legal action to force the landlord of a Canary Wharf apartment complex to pay £20.5mn towards building safety works, as the UK government increases efforts to pursue the owners...
March 28, 2024
UK housebuilding
Housing developments axed as Tory planning reforms take effect
...The reforms to the National Planning Policy Framework (NPPF) introduced by Michael Gove at the Department for Levelling Up, Housing and Communities removed mandatory house building targets and reduced the...
March 21, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
UK housebuilding
Housebuilders throw support behind Labour as Tories ‘bow to Nimbyism’
...Levelling-up secretary Michael Gove has had to compromise with anti-development backbenchers by making local housing targets “advisory” for councils....
January 28, 2024
Labour Party UK
Labour pledges to tighten right-to-buy as part of UK housing overhaul
...the power to lift council tax on second homes to 300 per cent of the usual levy, following a similar move in Wales and building on the 200 per cent threshold recently imposed by levelling up secretary Michael...
December 27, 2023
City of London
Michael Gove pauses City of London plan to demolish old Museum of London
...A contentious plan to demolish the former Museum of London to make way for new offices has been placed on hold by Michael Gove, even as the City of London backed the scheme....
April 17, 2024
UK property
Ministers move to delay end of ‘no fault’ evictions in England
...Michael Gove’s housing department has watered down key measures in the long-delayed renters reform bill, including a plan to end “no fault” evictions in England....
March 28, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
UK housebuilding
Michael Gove lays out plans to boost housebuilding on used land in England
...Michael Gove has outlined new policies intended to increase the supply of homes on used land in big cities in England, as the government faces political pressure over its failure to reach its housing targets...
February 13, 2024
UK politics
Gove forced to dilute plans to cap ground rents in England and Wales
...Michael Gove has been forced to water down plans to cap ground rents on millions of leasehold homes in England and Wales after lobbying by pension and investment managers who benefit from these payments....
March 25, 2024
UK housebuilding
Michael Gove’s push to convert shops risks surge of poor quality homes, experts say
...Michael Gove’s push to convert shops and offices into thousands of new homes in England risks a surge in poor quality housing, industry experts and campaign groups have warned....
February 14, 2024
InterviewProperty sector
From strip club to luxury towers: the developer looking to transform Miami
...Marc Roberts bellowed, sounding more like a general surveying the field of battle than a Florida property developer riding a golf cart through a building site....
January 30, 2024
FT News Briefing podcast12 min listen
Israel debates retaliation against Iran
...Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez....
April 15, 2024
Property sector
Brooklyn’s super-tall ‘Sauron’ tower in clouds of uncertainty
...Two years ago the developer Michael Stern toasted his super-tall tower at 9 DeKalb Street as “a symbol of Brooklyn’s unceasing drive and ambition”....
April 8, 2024
UK housebuilding
How many homes does England really need to build?
...Levelling up secretary Michael Gove has stuck with the government’s commitment, despite criticism that proposed reforms to boost house building will fail to address shortages....
February 21, 2024
The Weekend Essay
What crypto (still) gets wrong
...Jay Gatsby, Albert Einstein, Frodo Baggins, John Pierpont Morgan, Michael Jordan, Bill Gates, Elon Musk, Mark Zuckerberg, Warren Buffett, Michael Milken, Bernard Madoff, Charles Ponzi — the list of people...
March 16, 2024
UK housebuilding
Michael Gove insists he has not ‘abandoned’ local housing targets
...Michael Gove on Tuesday insisted he had not “abandoned” housing targets following criticism over new planning policies that would give local authorities latitude to build fewer homes than official calculations...
December 19, 2023
FT Live
Global Banking Summit
The world's top gathering of leaders in finance
Tuesday, 3 DecemberLondon, UK
FT Magazine
‘We’re all maggots’: an audience with Jim Riswold, the copywriter behind some of Nike’s greatest adverts
...One featured Lee’s character “blabbing about Michael, the man”, while the other was “about Jordan, the shoe”....
March 9, 2024
UK politics
Michael Gove’s ground rent reforms risk backlash from UK investors
...Michael Gove’s plans to cap ground rents in England and Wales risks leaving the government open to a multibillion-pound compensation claim from institutional investors, a trade body has warned....
December 6, 2023
UK politics
Tories wrestle with failure to fix Britain’s housing crisis
...Sunak, chancellor Jeremy Hunt and housing secretary Michael Gove have at times been at odds over what policies to bring forward to try to boost home ownership levels, as the government prepares for the Budget...
March 3, 2024
UK Budget 2024
Property capital gains cut aims to raise revenue
...Michael Gove, levelling up secretary, last month pushed ahead with other policy changes to crack down on holiday lets, which he blames for hoovering up housing supply in tourist areas....
March 6, 2024
Evercore
How M&A boutique Evercore became ‘Goldman North’
...Last year, it hired the ex-Goldman partner and tech banker Nick Pomponi, Michael Tarulli, previously Goldman’s global head of aerospace, defence and government services investment banking, and Goldman’s...
March 13, 2024
Capital One Financial Corp
Capital One agrees to buy Discover Financial for $35bn
...Discover announced in December that it had appointed former TD Bank executive Michael Rhodes as its chief executive, months after the sudden departure of the company’s former boss Roger Hochschild....
February 20, 2024
InterviewLunch with the FT
Canary Wharf’s George Iacobescu: ‘We didn’t build buildings. We built a city’
...He credits the late Michael von Clemm, Credit Suisse First Boston chair, with the original “vision” that the Wharf could be a financial centre, and Michael Heseltine for his key role as a longtime cabinet...
February 9, 2024
News updates from December 19: Maersk diverts ships to avoid Red Sea, Israel says it is ready for another pause
English local authorities threatened with losing planning powers
...Levelling up secretary Michael Gove told the Times that local authorities would have three months to put in place plans to meet their housing needs....
December 19, 2023
The Big Read
The US pushback against ‘Basel Endgame’
...Michael Hsu, the current Comptroller of the Currency, points out that if lending becomes more expensive, banks could spend less of their multi-billion-dollar profits on dividends and stock repurchases, rather...
March 19, 2024
Renewable energy
Banks find clean-energy allies in fight against stricter capital rules
...“We’re open to comment that is evidence-based, that’s analytic, that demonstrates that the risk-calibration should be different,” said Michael Barr, the Fed’s vice-chair for supervision, on a Bloomberg podcast...
March 5, 2024

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