Despite City bonuses flling, rumours that investment bankers are chosing to avoid investing in property have been exaggerated according to The Times. Leading estate agents claim City executives are prepared to spend huge sums on prime locations both in and out of London.
The competition for the smartest postcodes may have something to do with another story reported in The Times: that the value of all homes in Britain tops £4 trillion for the first time. This is equal to three times the GDP of Britain.
The Times strikes again with the story of Felix Dennis – notorious publishing magnate turned environmentalist – making a stand for Nimbyism. The government's plans to build an eco-town in Long Marston, south Warwickshire will face fierce opposition from Dennis, who is leading a residents revolt.
The Guardian reports on a world first – the Barbican's exhibition aimed at extraterrestrials. The show aims to put modern art in a new light by attempting to explain it as if aliens were seeing it for the very first time. Perhaps the explanations might help us mere mortals, who might also struggle to understand artworks that will include Sherrie Levine's homage to Marcel Duchamp – a urinal cast in bronze.