{"componentChunkName":"component---src-templates-post-js","path":"/renters-leave-london/","result":{"data":{"ghostPost":{"id":"Ghost__Post__611f7d806e4273003be1e233","title":"Renters leave London","slug":"renters-leave-london","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/08/Header-image.png","excerpt":"Plus: Rising public debt, Morrisons for sale, and banking partners pressure OnlyFans","custom_excerpt":"Plus: Rising public debt, Morrisons for sale, and banking partners pressure OnlyFans","created_at_pretty":"20 August, 2021","published_at_pretty":"20 August, 2021","updated_at_pretty":"20 August, 2021","created_at":"2021-08-20T10:01:36.000+00:00","published_at":"2021-08-20T10:07:02.000+00:00","updated_at":"2021-08-20T10:07:02.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Increased rental demand\nRental demand has hit a five-year high, according to the National Residential\nLandlords Association. But the situation is not the same across the country -\nhalf of central London landlords reported falling demand\n[https://www.cityam.com/london-landlords-overall-rental-demand-hits-5-year-high/]\n. \n\nRising public debt\nThe expensive response to Covid has pushed public sector debt to £2.2 trillion.\nRepresenting 98.8 percent of GDP, it’s the highest debt ratio\n[https://www.cityam.com/public-debt-swells-to-largest-level-since-1960s/] the UK\nhas had since 1962. Rishi Sunak, chancellor of the exchequer, said “our recovery\nfrom the pandemic is well underway”, but that the pandemic “had a huge impact on\nour economy and public finances, and many risks remain”.\n\n\nRace for Morrisons\nThe former boss of Tesco leads the race to buy Morrisons. Sir Terry Leahy’s\nprivate equity firm has had its £7bn offer approved\n[https://www.telegraph.co.uk/business/2021/08/19/former-tesco-boss-back-pole-position-morrisons/] \nby the supermarket’s board. Some politicians raised concerns - a private equity\nbuyer could cut jobs and sell real estate - but Sir Terry claims the firm\n“values Morrisons’ distinctive business model and is committed to supporting\nit”.\n\n\nOnlyFans bans content\nThe popular UK-based subscription site - known for adult content - will block\nsexually explicit photos [https://www.bbc.co.uk/news/business-58273914] and\nvideos from 1 October. The change was introduced after receiving pressure from\nits banking partners. The site grew during the pandemic to 130 million users.","html":"

Increased rental demand

Rental demand has hit a five-year high, according to the National Residential Landlords Association. But the situation is not the same across the country - half of central London landlords reported falling demand.

Rising public debt

The expensive response to Covid has pushed public sector debt to £2.2 trillion. Representing 98.8 percent of GDP, it’s the highest debt ratio the UK has had since 1962. Rishi Sunak, chancellor of the exchequer, said “our recovery from the pandemic is well underway”, but that the pandemic “had a huge impact on our economy and public finances, and many risks remain”.

Race for Morrisons

The former boss of Tesco leads the race to buy Morrisons. Sir Terry Leahy’s private equity firm has had its £7bn offer approved by the supermarket’s board. Some politicians raised concerns - a private equity buyer could cut jobs and sell real estate - but Sir Terry claims the firm “values Morrisons’ distinctive business model and is committed to supporting it”.

OnlyFans bans content

The popular UK-based subscription site - known for adult content - will block sexually explicit photos and videos from 1 October. The change was introduced after receiving pressure from its banking partners. The site grew during the pandemic to 130 million users.







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