Net migration to UK hits record high of 606,000 as Brexit scales EU movement back May 25, 2023 Net migration to the UK has hit a record high of 606,000, new figures released this morning reveal. The significant surge in legal migration for 2022 has hit the highest level on record, according to Office for National Statistics (ONS) data. It follows weeks of speculation over the numbers with prime minister Rishi Sunak seeking [...]
London takes global tech capital crown from New York May 25, 2023 London has been ranked as the world’s most high-tech city snatching the top spot from New York, according to new research shared exclusively with City PM The capital scored top marks for its world-leading financial services, deep talent pool as well as the quality of its business environment and international reputation, according to Z/Yen Group’s [...]
Politics ‘antithetical’ to business, Greg Hands rival for Chelsea seat warns May 25, 2023 Politics is “completely antithetical” to sound business, former City banker Adam Knight preparing to take on Tory chairman Greg Hands in his former safe Conservative Chelsea seat has warned. Ex-Goldman Sachs trader Knight, 49, is the Liberal Democrat candidate in Chelsea and Fulham, where he will seek to put Conservative party chairman Greg Hands out [...]
Europe capitalising on UK’s ‘tourism tax’ as retailers call for overhaul May 24, 2023 International tourists are spending more in Europe than in the UK as Britain’s retail sector continues to be hamstrung by the government’s decision to scrap VAT-free shopping, members of the House of Lords warned yesterday.
‘Blind eye’: Former John Lewis boss on CBI and Tesco scandals May 24, 2023 The former boss of John Lewis has spoken out on the scandals engulfing the CBI and Tesco suggesting that senior staff may have been “turning a blind eye” to bad behaviour. Andy Street, Conservative mayor of the West Midlands, spoke at a Q&A with InHouse where he discussed issues at the lobbying group, the Confederation [...]
New police powers allow just SIX Just Stop Oil protestors to be arrested in London May 24, 2023 Six Just Stop Oil (JSO) protesters have been arrested in London after police orders were put in place to force supporters out of the road. The activists were held in Marylebone Road on Wednesday, after 39 JSO supporters in five groups staged the latest in a series of marches designed to block busy roads. Protesters [...]
Suella Braverman escapes ethics probe into speeding row May 24, 2023 Suella Braverman has escaped an ethics investigation over claims she asked civil servants whether they could arrange her a private speeding awareness course. Prime minister Rishi Sunak has confirmed no “further investigation” will take place into the row and said he was “reassured [Braverman] takes these matters seriously”. In a letter to the home secretary, [...]
Boris Johnson probed by cops over fresh lockdown breach allegations May 24, 2023 ‘Partygate’ PM Boris Johnson is under police investigation following fresh claims he allegedly breached lockdown rules, it emerged last night. The disgraced ex-prime minister has been reported to the Met Police by the Cabinet Office after new evidence came to light that he may have breached the Covid-19 pandemic rules. Johnson allegedly hosted friends at [...]
Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
Swelling debt interest bill fashions second highest April government borrowing on record at £25.6bn May 23, 2023 A near £10bn debt interest bill helped to push UK borrowing to the second highest monthly total for April since records began in 1993, official figures out today reveal. The government took on an additional £25.6bn of debt last month, above market expectations and up from £13.7bn in the same month last year, according to [...]
