housing market. However, in the last 10 years, and particularly since the housing market crash, there has been more disjoint, he said. The north doesnt seem to be catching up at all. Suffering North The north of England, defined as Northwest England, North East & Cumbria and Yorkshire, has suffered economically since its decline as an industrial center after World War II. Incomes and earnings power are lower in the north, said Ed Ferrari, a lecturer at the University of Sheffield who has studied the U.K.s housing-market volatility. The north has the land to develop housing. What it doesnt have is demand for that housing, he said. The government should focus on improving housing supply rather than demand, Ferrari said. In Liverpool, the council offered 20 dilapidated homes for sale for 1 pound each in February. More than 1,000 people applied to buy the properties, according to the councils website. About 9 percent of borrowers in the north were in negative equity in the first quarter of this year, up from 8.5 percent in the fourth quarter of 2011, Standard & Poors analysts including Mark Boyce wrote in a June 19 report. That compares with an estimated 2 percent of homeowners in the south whose properties are worth less than they owe on their mortgages, S&P estimates. Government Cuts The region may also be hurt by the governments plan to fire 1.2 million workers from 2011 through the first quarter of 2018, because a higher proportion of their employees work there, S&P said. S&P defines the north as the Midlands, North East and North West of England, Yorkshire and the Humber, Wales and Scotland . Lloyds fell 1.1 percent to 74.12 pence at 4:34 p.m.
London’s junior market grows for first time since 2007
However, whilst we knew that we would encounter burials from the 16th-century Bedlam burial ground, it was not at all certain whether Roman graves would turn up. Although known from past finds in this part of London, the sheer number of skulls we have found, currently more than two dozen, has indeed surprised us. Have these finds changed, modified, or shaded-in previously held perceptions of life in London in Roman times, or of the ancient geography of the city? These finds are very important, as they help us to characterize the nature and use of one of London’s “lost” rivers, the Walbrook. At this very early stage, we are not sure whether the finds will change or modify our perceptions of life in Roman London. What we do know is that they will help us to fill in another gap in the Roman map of the city, allowing us to fill out the information we already have. Each archaeological investigation helps us to join the dots and fill gaps in our knowledge. How important was the River Walbrook to London in Roman and medieval times? The Walbrook formed a useful water supply, not only for daily life, but also for industry such as tanneries on the edge of the medieval city. However, the many branches of the stream may have been as much of a hindrance as a benefit to the Romans, who expended much effort to force the watercourses within the city of Londinium into channels revetted with timber, and [who dumped] large quantities of earth to reclaim adjacent ground for building. How and when did the River Walbrook come to be “lost”? Most of the stream was constricted into drainage channels during the 15th and 16th centuries, and was then covered over and lost to view, consigned to drains whose successors still run into the Thames by Southwark Bridge. Along with the Roman skulls, you have the 3,000 graves from the old Bedlam cemetery found nearby. What will you hope to learn from them?
By 2113, River Rooms could present a new way of understanding London whilst reconnecting local communities to their river frontage. FloodPlain. Image Neil Cummings / 51% Studios #floodplain is an online platform that enables users to make collaborative, spatial representations of London, its main river artery, the Thames, and their floodplains. Using vast pools of openaccess public data the #floodplain site re-imagines the tidal Thames for the 21stcentury, suggesting new ways to map, imagine, and inhabit London, its sites and their architectures. #floodplain is a new kind of public space, that will enable users to become architects of their own environment. Lubricity / The Eastern Reach Lubricity. Image The Eastern Reach The Eastern Reach will focus on the margin of east London, straddling the tidal Thames between Rainham and Grays. This is a place of everyday life unfolding in a horizontal patchwork of river, wetlands, settlements and industry. It is held together by a landscape of hard and soft infrastructures of which the river is central. Our field of research includes an interrogation of the ecological and social processes that have formed this agricultural and infrastructural tidal zone. We will combine site-specific fieldwork and socio-spatial mapping with an open and innovative design approach. The Thames Baths Project / Studio Octopi with Civic Engineers and Jonathan Cook Landscape The Thames Baths Project. Image Studio Octopi / Civic Engineers / Jonathan Cook Landscape In 1865 Sir Joseph Bazalgettes London sewage system was opened. There are 57 overflows along the Thames and in 2012, 39m tonnes of sewage leaked into the River Thames. Thames Water are planning a super sewer completing in 2023. This will remove 96% of the sewage currently entering the river. The improvements in water quality open the possibility for once again swimming in the tidal Thames.
London Dig Uncovers Roman-Era Skulls
Accountancy group UHY Hacker Young said 20 companies floated on the London Stock Exchange’s Alternative Investment Market (AIM) in the three months to Sept. 30, while 16 delisted. This was the first time more had joined than left since the third quarter of 2007. “More companies are again looking at an AIM initial public offering as an opportunity for growth,” said Laurence Sacker, Partner at UHY Hacker Young. AIM’s attractiveness to UK retail investors has been boosted by the government’s decision earlier this year to allow AIM stocks to be included in individual savings accounts (ISAs) – popular tax-free products – for the first time. The research showed 56 companies joined AIM in the 12 months to the end of September, raising a total of 881 million pounds ($1.42 billion) – up 70 percent on the previous 12 months. The overall value of companies listed on the AIM market was 67.7 billion pounds as of August, according to data from the LSE, down from a peak of 97.6 billion pounds in 2007. Stronger equity markets have helped revive new listings in Europe after years of subdued activity due to the financial crisis, with London one of the busiest destinations. Separate data from Ernst & Young over the weekend showed that, when the LSE’s main market is also included, more than 3 billion pounds has been raised from London listings so far this year, double the amount raised in the whole of 2012. Sacker said next year also looked busy for AIM, but the market is still a way off returning to previous levels – in the 12 months to Sept. 30 2007, 8.8 billion pounds was raised by AIM IPOs.