Plans revealed for City of London's 'new tallest building'

Reports that plans are due to be submitted for what would be the City of London's 'tallest building and its first purpose-built viewing tower' feature in today's newspaper round-up.

The Financial Times (subscription) reports that a "planning proposal is being submitted on Monday for a 305m viewing tower, a slender, sci-fi stalk with a glass bulb on its head, speculatively christened ‘The Tulip’". The structure would sit next to 30 St Mary Axe, known as the Gherkin. "In appearance, the new building is a curious hybrid of the Gherkin’s domed top, the slender form of the British Telecom Tower (which once featured a rotating public restaurant) and the communications and viewing towers which were popular in the 1960s and 70s — such as Toronto’s CN Tower, Seattle’s Space Needle and Berlin’s TV Tower", the paper says.

An article in the FT examines "the UK shale revolution that never was". The paper says that, since former Prime Minister, David Cameron proclaimed a UK shale gas revolution six years ago, progress on developing the nascent industry in the UK has been slow. It says that "companies that would like to start producing have been hampered by disputes over planning consents for drilling and have only been able to proceed after central government took powers to override local objections earlier this year".

The Guardian reports that property website Rightmove has said that "house prices fell by more than £5,000 on average in November, sliding fastest in Britain’s wealthiest towns as Brexit uncertainty gripped the property market". The paper says that, "in the largest November drop in prices since 2012, Rightmove said the average price of property coming to the market was down by 1.7%, or £5,222, on the month alone. It said the biggest falls were in London, where the typical asking price fell by £10,793 (a fall of 1.7%) and in the south-east of England, where prices were down £8,647 (2.1%)".

The Times (subscription) reports that a survey has found that living in the Scottish countryside "requires a significantly larger investment in bricks and mortar than life in towns and cities". The paper says that the research, carried out by the Bank of Scotland, "showed that property prices in rural Scotland were, on average, £15,502 (9 per cent) higher than in urban areas. However, prices are rising faster in towns, where the price of a home has climbed on average by 24 per cent over the past five years, compared with a rise of 16 per cent in the country".

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