Rail travel surpasses air travel as the preferred mode of transport

Rail travel surpasses

A report by Transform Scotland reveals more people are now travelling by trains between London and Scotland

Finally, there is some good news for green enthusiasts and environmentalists! The news is coming from Transform Scotland which has reported a shift from air travel to rail travel between Scotland and London. In fact, this change in pattern is huge and historic as it surpasses figures from the last 20 years. This means, people are resorting to rail travel in a big way as compared to air travel. It is having a huge impact on the environment as can be seen from the amount of carbon emission which has come down drastically.

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HighlightInternational Investing

Hong Kong property investment pours into London

Hong Kong property investment

Investors from Hong Kong are investing in London on a big scale

Investors from Hong Kong are pouring money in London commercial property market this year. Chinese investment in London has more than trebled compare to that before the British referendum. While other investors are pulling out of London, it is the opposite with Chinese investors who have pressed the accelerator in investment. As China tightens its grip on overseas investments, property magnates are using Hong Kong as a conduit for investment. Although, there are other factors as well that are driving increasing Chinese investment in London and include sterling’s 12% drop since the brexit referendum against the dollar, higher property cost in Hong Kong compared with London and heightened political uncertainty in Hong Kong.

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Housing market speeds towards ‘crisis point’ as average price rises £10,000 in a year

Housing market

The UK property market is fast moving downhill as average prices shoot up

The UK property market will face crash, if steps are not taken to check the uncontrolled rise in property prices. Prices of properties have reached alarming levels. According to official figures, the average price rise has been £10,000 in a year. It is already having an impact on the number of first time buyers as there has been a fall of 20pc in the number of land registry indicates.

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Barclays to close dozens of branches across the country this autumn

Barclays branches

Barclays has decided to close down 30 branches in October and November

With lesser number of people visiting banks, the high street banks are cutting down on their branches across the UK. As the Internet and mobile phones play increasingly vital role in banking, the number of people visiting the banks is on sharp decline. Due to historic low interest rates, profit is a major concern for the high street banks which is driving closures of the branches across the country.

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Lloyds Bank is closing 100 high street branches, with more than 400 job losses

Lloyds Bank

The Lloyds bank will be closing high street branches as it faces changed customer behaviour

One of the most reputed and high street banks, the Lloyds bank is getting ready to face the challenge of changing customer behaviour, as the new reality in banking. The bank has decided to respond to the fall in the number of transactions at its outlets by reducing the number of outlets.

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HSBC to close another 62 branches this year


HSBC will focus on digital banking, close down 62 branches this year

The Hongkong Shanghai Banking Corporation or HSBC, one of the leading banking service providers globally, has decided on economic measures as it prepares itself more for digital banking. It is going to make digital banking a priority over the traditional form. An increasing number of customers are taking to the electronic format of banking recently, which has forced the bank to cut down on physical banking. As a result, the London-based bank will close down a number of its branches across the country and focus on the digital mode.

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RBS to close 158 branches and put 472 jobs on the line, as more and more people shift towards digital banking


RBS to close a number of UK branches, to focus on digital banking

The Royal Bank of Scotland or RBS, one of the four high street banks and clearing agents in the UK, has decided to change the way it offers services. The bank has decided to overhaul its functioning and make digital banking a priority for itself. It is closing down a number of branches as it sees red for the ninth consecutive year. Precisely, it will close down 158 branches across the UK and focus on electronic mode of banking. The majority of the branches that the bank will close are Natwest branches. Most branches will be shut down in September or October.

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HighlightLatest News

May cabinet split three ways on Brexit transition

Theresa May

Prime Minister Theresa May’s cabinet is divided over the time frame to be adopted for Britain’s exit from the European Union. While one faction is advocating a harder brexit or a quick divorce from the association of European economies, the others do not seem to agree with it. This development has split the May cabinet in three ways.

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