Central London’s economy hit hardest by Covid as tourist spending plummets £10bn February 1, 2021 Research published by Sadiq Khan shows central London’s economy has been hit hardest by Covid-19, largely due to home working and a sharp drop in tourism. Tourism spending fell by £10.9bn in 2020 compared to the year before, with more than 26,000 jobs at risk in arts and culture alone and the night-time economy also [...]
Billionaire Coates family of Bet365 stump up half a billion in tax January 29, 2021 Gambling family Denise, John and Peter Coates of Bet365 have paid more than half a billion pounds (£573m) in tax this year, making them the top taxpayers in the UK. Denise Coates founded Bet365 in 2000, and the tax paid by the family and the business is equal to the price of paying for 62,725 [...]
Rishi Sunak tells MPs he wants to raise taxes then cut them before next election January 28, 2021 Rishi Sunak has told a group of Conservative MPs that raising taxes this year will give him scope to cut them in the lead up to the 2024 election. The chancellor told the 1922 Committee of Tory backbenchers yesterday that he will have to make difficult choices this year to trim the UK’s bulging Budget [...]
UK could avoid double-dip recession after resilient November January 28, 2021 The UK economy looks likely to avoid a double-dip recession thanks to a better-than-predicted performance in November 2020, according to the EY Item Club. The economy contracted just 2.6 per cent in November, despite the impact of a month-long England-wide lockdown and other restrictions across the UK. As a result, it is expected the [...]
Covid’s catapult: four positive trends for women January 26, 2021 | City Talk Women have been making progress for years, but at a glacial pace. Year after year, I see the same bleak numbers: the more or less stagnant percentages of women in senior management, on boards, in finance, in tech, in investing. However, Covid-19 has been a catalyst and change accelerator in many areas, and while its burdens [...]
IMF trims UK GDP forecast, but worldwide and US post-Covid-19 recovery look better January 26, 2021 IMF trims UK GDP, but things look better for worldwide recovery after Covid-19
US Senate confirms Janet Yellen as the first female Treasury Secretary January 25, 2021 US Senate confirms Janet Yellen as the first female Treasury Secretary
UK sustainable finance bond issuance climbs to £10bn in 2020 January 25, 2021 UK sustainable finance bond issuance hit a record of £10bn in proceeds last year, raising double of what was raised in a far less turbulent 2019, Refinitiv data found. The UK ranked sixth in Europe and ninth in the world for sustainable finance issuance, achieving multiple record highs thanks to sovereigns, multilaterals and banks pushing [...]
TP ICAP loses full EU rights as pandemic disrupts move to French office January 25, 2021 British broker TP ICAP has revealed that it cannot currently serve some European Union clients because Covid-19 has delayed completion of its new Brexit hub in Paris. TP ICAP said that regulators would allow it to continue serving customers from London while it finished preparations in France after the UK’s EU departure concluded. The EU [...]
Innovation is why London is ahead of New York, Hong Kong and Frankfurt as world’s financial capital January 25, 2021 Innovation is why London is ahead of New York, Hong Kong and Frankfurt as a world's financial capital
