UK Property

The average person could be paying inheritance tax (IHT) on their parents’ estate by 2035 as house prices continue to rise, according to new research from investment firm Wealthify.Parents of adult children across the UK who plan on leaving a monetary inheritance were surveyed to understand attitudes around gifting inheritance early.The research found the majority (84%) of parents say their property will make up the bulk of what they leave to their children. Subscribe to MoneyWeek Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE Get...

Police responded alongside firefighters following a fire at a property in James Street, Carlisle yesterday, May 13. Cumbria Police officers were alerted to the incident at 2.21pm. A man, in his twenties, was found dead at the scene by firefighters, police said. Joint enquiries are underway involving police and the fire service. There are no suspicious circumstances at this time, police added. Fire and rescue services went to the scene at what they described as a 'commercial building' just before 2pm yesterday. "Crews from Carlisle East, Carlisle West, and Longtown fire...

Published 14th May 2025, 05:45 BSTNow another sucker punch is on the horizon. There’s still time, though, for the government to drop its gloves, retreat to the corner, and give businesses a fair fight.That potential knockout blow, particularly for family-owned SMEs, comes in the form of proposed changes to Business Property Relief (BPR).For more than 30 years, BPR has been a cornerstone of the UK’s inheritance tax system. It allows qualifying business assets to be passed down without incurring a punitive tax bill, enabling family-run firms to transition smoothly across...

Grants from £2,500 up to £10,000 are available to help businesses start trading from a city centre or local high street property. The Vacant Commercial Property Grant scheme has reopened, supporting new or expanding small organisations looking to open a new premises in the city centre or on one of Bristol’s 46 high streets. It is open to businesses, charities, community interest companies (CICs), sole traders and arts and culture groups for both long-term and temporary or meanwhile use. The grant can be used to pay for capital expenditure including...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A man has been arrested on suspicion of arson in connection with a series of fires including at Sir Keir Starmer’s family home and another property linked to the prime minister.The Metropolitan Police said a 21-year-old was arrested in the early hours of Tuesday on suspicion of arson with intent to endanger life. In a statement, the Met said the arrest related to the fire at the four-bedroom house in Kentish Town...

CNN  —  British police said on Tuesday they had arrested a 21-year-old man on suspicion of arson after counter-terrorism officers launched an investigation into three fires, including one at Prime Minister Keir Starmer’s private home. Police were called to reports of a fire in the early hours of Monday morning at the property in Kentish Town in north London, the area that Starmer represents in parliament. Nobody was injured but damage was caused to the property’s entrance, police said. The man was arrested in the early hours of Tuesday on...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A man has been arrested on suspicion of arson in connection with a series of fires including at Sir Keir Starmer’s family home and other property linked to the prime minister.The Metropolitan Police said a 21-year-old was arrested in the early hours of Tuesday on suspicion of arson with intent to endanger life. In a statement, the Met said the arrest related to the fire at the four-bedroom house in Kentish Town...

The patriarch of one of the Europe’s biggest fortunes is among the latest wave of rich baby boomers and Gen X residents exiting the United Kingdom amid tax hikes aimed at the country’s wealthiest denizens.Troels Holch Povlsen, the 75-year-old founder of clothing giant Bestseller, which owns the Jack & Jones brand, recently switched his usual residency to his native Denmark after previously citing it as England, according to registry filings.Elio Leoni Sceti, 59, the former chief executive officer of EMI Music and co-founder of an early stage investment firm based...

Dreams of the perfect profession, pastimes and even partner often lure young people away from the their hometowns to the bright lights of a big city. As time passes and ambitions are fulfilled, many wish to swap the excitement of city life for a more settled lifestyle. In the programme, presenter Helen Skelton and Northern Ireland architect Patrick Bradley follow one such young couple. Jess and Colin are leaving London to return to their family roots in Powys in rural Wales where they hope to create their dream house. Having...

British police are investigating a fire which broke out at UK Prime Minister Keir Starmer's house in London.In a statement, the Metropolitan Police said officers were called to a property in Kentish Town, in the north London borough of Camden. Authorities say there was damage to the property's exterior but no one was injured. The house is in Mr Starmer's parliamentary constituency of Holborn and St Pancras.The Labour leader previously lived there before moving into Downing Street — the traditional home of British prime ministers — after his election victory last July."Officers...