The London Borough of Lambeth's Walnut Tree Walk Primary School has calculated that the new Congestion Charge will cost the school £60,000 a year as it will have to subsidise teachers'commuting costs.
The average rental value of office space in London dropped by 20 per cent between the second and fourth quarters of last year, according to inward investment agency the London First Centre.
Estate agents attempting to sell Upton Court, a 30bedroom Georgian mansion in Surrey, have been forced to slash the asking price from £70 million in 2001 to £13 million. They blame the uncertain housing market.
The gap between men and women's pay widened to almost 19 per cent in 2002, reversing a 20-year trend, a study from Incomes Data Services has concluded.
Women earned on average £10.22 per hour, compared with £12.59 for men.