London house prices have leapt by 18.2% annually, widening the gap between property values in the capital and those in the rest of the UK to the largest levels on record, building society Nationwide has reported.
A "significant housing bubble" in London is a cause for concern, a British bank boss has warned.
In a wide-ranging interview with ITV News' Business Editor Joel Hills, Aldermore CEO Phillip Monks adds, however, that there's not a lot that can be done about spiralling prices in the capital.
"You can go to the ports and close the borders but I don't think that's going to help," he said.
"I don't think it is possible to dampen housing demand in London without wrecking the rest of the UK housing market."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.