Simon English: At these dizzy heights, a boom started yesterday
Outlook Rhodes 24 is a bar and restaurant in one of London's tallest buildings, Tower 42, on Old Broad Street in the heart of the City.
The view past the Gherkin and across the capital is spectacular. Money Town shimmers. If you keep going, scan the horizon and squint, you can almost see the class war.
Back inside, that war was won so long ago that the details are hazy (there was a war?) The cocktails are mixed by women who are not from Streatham. And if you're feeling hungry, the steamed halibut is £29. We'll go over that again. Small plate of fish, twenty nine quid. More than a few bankers work from Tower 42. Clients, they say, far from thinking their bankers' fees must be too high, are impressed by the location. And the view. And maybe the mixologists (not from Streatham).
For this crowd, economic downturns are mostly a theoretical construct. In any case, they say, this one is over. When does the next boom begin? "Yesterday," comes the reply.
Whatever asset you are thinking of acquiring – everything's either an asset or a liability (the wife's an asset, the mistress, a liability) – it will only be more expensive in a year's time.
This is a Londoncentric view for sure but it is taking a grip. The stock market is going like a train. Large companies are awash with cash on which they can no longer comfortably sit. That means deals, deals, deals.
One Tower 42 inhabitant has just had his office rent shoved up. He'd be annoyed, but it's a sign of demand, a sign of activity.
How much by? From 400 to 500, he says. I'm thinking, 500 quid a week sounds extremely reasonable. It's a small office, but I mean, the view, the mixologists.
Then I look at the menu again. He means £500,000 a year. Half a bar, just in rent. My suit suddenly looks cheap.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
World news in pictures
You thought the attendants had it bad? Wait ’til you hear about Ryanair’s pilots
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
Join Ryanair! See the world! But we'll only pay you for nine months a year
- 1 Heading for the States? Prepare for the longest US immigration queues ever
- 2 Amir Khan interview: 'One second could end my boxing career'
- 3 Boxing: Purdy set to join long list of British fighters who take the money – and then the beating
- 4 Dan Stevens after Downton Abbey: The erstwhile Matthew Crawley is back in period costume
- 5 Join Ryanair! See the world! But we'll only pay you for nine months a year
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...