Phil Reporter

Building Upon Strength

London as with any worldwide city is in a constant state of evolution. This is of course the very thing that makes cities like London so important and vital in the modern world. I love London because I can always find everything that I need at any time no matter how specific my needs. But this evolution is not always perfect and is also not always running without issue. As the adverts for heathrow keep telling us, build on strength. For BAA this refers to their desire to keep the current hub airport in the top spot for the foreseeable future, but I wonder are to building on strength elsewhere in London or as some anti Heathrow commentators think of Heathrow building on weakness?

The developments in real estate and work space in the City of London is as always going full steam ahead, we’re seeing massive skyscrapers and improvements being made to the infrastructure everyday, but how about the more spread out parts of the city? Are the funding More

Is the London Housing Market Broken?

Young people in London today are barely able to afford renting in London, the proud capital of England, let alone afford to buy a house in the capital. No the housing market has gotten so bad that only the richest of the rich are buying property at all, everyone else is either selling because they can’t support themselves in the newly expensive parts of London (like Islington, where prices have gone up very steeply) which meaning young couples or heaven forbid single professionals, can all say goodbye to the idea of even affording the builders from islington let alone the means to own property where they grew up.

All of this is not helped by the fact that housing benefit is being squeezed very hard by the government in expensive areas of the UK, like oh I don’t know all of London. It’s starting to feel like  London is a city that is only really for the rich, and the rest of us are only allowed to visit their urban palace sprawl. No I don’t think that quite fair, of course London is still a community of people from all walks of life, but the current trends do mean that if you do not have friends or family which you can take assistance from to support yourself in london you’re scarcely going to be able to support yourself unless you are quite established already in your work.

No things are looking bad for the young in the English capital city, they are ones that will take the brunt of the economic strain in the form of all too limited access to opportunity, the thing that is supposed to make living in expensive London worthwhile…oh well at least I’m not young now, but I do wish the young people luck, God know’s they need it.

London in the 2010s

This city of Britain, the financial capital of europe and cultural tour de force is soldiering through the times that we live in, young students and unemployed graduates are standing firm at the foot of St Pauls Cathedral,  Thatcher dies but the conservatives keep going with political power if not public opinion behind them.

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Olympic Spending Beneficial to All?

If you have been in London or anywhere else in the UK for the last few months, it would have been literally impossible to miss out on the fact that the Olympic Games have been on. In essence, the games were hailed as a huge success by organizers and sports fans alike, and it definitely brought a lot of attention and tourism to the capitol, not to mention increased revenues for London businesses. What I am a little concerned about is the moral grounds for spending such huge amounts of money on a sporting event when there are so many problems in the world right now.

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Spend More or Spend Less?

There is a growing debate among politicians, congressmen and normal men alike, as to which approach is the best to take when it comes to getting a country out of debt. Many people are now looking at the American ’success'story, which has supposedly come about in recent months due to Obama’s brave decision to invest in public spending. The latest figures show that the economic situation has started to improve slightly due to his strategy. On the other hand, you have the tight budget approach of the current UK government, which seems to be struggling to turn things around so quickly or effectively. So which is the right way to go?

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It Now Cost More To Raise A Child In Britain

Recently insurer LV= released a Cost of a Child in the United Kingdom (UK) research it had done. According to this new research the cost of bring up a child up until their twenty-first birthday has now gone past £218,000. This is an increase of about 3.3% over the last survey the largest expenditure for parents are education which is estimated to cost close to £72,000 and childcare with estimated cost of just over £62,000.

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Barclays Reporting Significant Profit Increase

Barclays has reported significant profit increase in its business in both retail and investment banking operations. The bank has issued reports both intended for the general public and for the Bank of England for purposes of supervision and tax payments. The documentation reveals that despite the strong market concentration, the current financial discomfort and the international finance situation, Barclays has somehow managed to rise its profits with nearly 3-4% as compared with business results from last year.

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Spaniards may have shorter lunch breaks to cut the government’s budget

Spain is currently experiencing a severe economic crisis that is far more serious than the economic difficulties being faced in other EU countries like Britain and France. With a shocking unemployment rate of 21 percent, the country is looking for a novel solution to its lack of productivity. The Spanish government is now proposing a shorter national lunch break during week days to help reduce energy costs in the workplace.

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Google Antitrust Investigation Continues

Google Inc. has been under the investigation procedures of the US Federal Trade Commission for more than six months and it has been made public the decision of the commission to expand the investigation. This comes after several companies have inquired about the competition levels that Google has reached after it launched its own interactive and digital products. Furthermore, the commission would be now reviewing Google’s activity by collecting data from other rivals of the search engine giant.

When it comes to advertising, Google has made it sure they can cover the aspects of trade starting from contemporary designer jewellery stores to drinks and foods, however, many companies that do not engage in online activity rather than selling say that Google searches are prioritized to return results of companies that work with Google advertising techniques. In short, Google is accused of delivering search results that first match their own advertising techniques and then the actual producers of such goods that offer them online.

Further dispute arises between Microsoft and similar companies and Google. They claim that with their power of the most preferred search engine, Google is using the position to imply its products over the competition. Selective searches have been made specifically to answer the demand for products and to relate them somehow to Google products.

The commission would be working over the antitrust investigation until it finds credible evidence that Google is either misusing its position or acting fairly. Meanwhile, companies that feel affected by Google can deliver information and evidence to the commission which would consider both Google and other materials for its final decision on the antitrust inquiry.

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Law Firms Recruitment

Recently editions such as the Lawyer and Legal Week have issued quite disturbing notions among the law firms in London. This also applies to international establishments that have gained positions in the city, mainly originating from the US or Germany. The notions are all related to a single idea – the realization of law students after their graduation. The magazines fail to establish many reasons for the occurrence but it seems like less training contracts would be offered to graduates this year.

The reason seems to be quite a disturbing tendency that goes beyond the perception of a crisis. Most of the law firms are making serious profits despite the worsened economic condition in the UK. Nevertheless, they all use the economic environment as an excuse to hire less law graduates and thus impose significant hardship over young people aiming to start a legal sector career. No matter whether a firm is defending the interests of a Dance Fabrics company or a giant corporation, it makes a profit simply by receiving state funds for cases done under the civil aid program. This money might have been enough for recruiting new trainees, however, this is far but the truth.

Leading establishments tend to discourage young people from applying – the new application process is exhausting and far too picky. This leaves room for Oxford of Cambridge graduates to stand out of the crowd but what happens with students who attend normal universities. Discriminatory and complicated with many flaws and prejudices – this is how the recruitment process for law graduates in London is going to be from now on.

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