House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after properties

House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after propertiesPrices 16.5 % cent higher than before the financial crash three years agoLondon’s property market outperformed the likes of New York and Paris . ‘Sales to Russians, US and Indian buyers remain the most prevalent, however. Between them they made up over 15 per cent of all sales last year.’ South Kensington, where the average house price tops 1million, drew the largest number of international buyers, with a staggering 76.5 per cent of all property in the area bought by foreigners last year

Bank reforms "won"t shield taxpayer from another crisis": Embarrassment for Osborne as report warns shake-up "falls well…

Bank reforms 'won't shield taxpayer from another crisis': Embarrassment for Osborne as report warns shake-up 'falls well short' Parliamentary Commission: Plans to separate banks' risky investment arms from high street operations may not be 'adequate'Banks accused of 'culture of culpable greed' Tougher sentences may be introduced for some financial offences | UPDATED: 00:04 GMT, 21 December 2012 Sweeping reforms planned for Britain’s biggest banks will not be enough to protect taxpayers from another financial meltdown, a commission of MPs and peers will say today. In an embarrassment for Chancellor George Osborne, their report will warn that his proposed shake-up ‘falls well short of what is required’. Accusing banks of a ‘culture of culpable greed’, the Parliamentary Commission on Banking Standards will say plans to separate banks’ risky investment arms from their high street operations may not prove ‘adequate’