Renters leave London

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.