London residents’ council tax bill hits almost £5bn a year January 25, 2022 London homeowners and renters have had to pay almost £5bn in council tax bills a year, according to new research. According to one of the capital’s estate agents, Benham and Reeves, said Londoners had paid £1.2bn more per year compared to five years ago. The average resident in the city pays £1,374 in council tax [...]
Forbes 30 under 30 data shows London is the best city in the world to be a young entrepreneur January 23, 2022 Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named as the best city in the world to be a young entrepreneur. Despite North America being by far the most popular in providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs [...]
Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City PM this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City PM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
Back in business: London City Airport predicts passenger demand will surge in 2022 January 17, 2022 London City Airport is predicting a surge in passenger growth for 2022 as a result of pent-up demand. Following the return of British Airways’ (BA) summer schedule and the easing of Covid restrictions, the hub will see the re-introduction of routes such as London to Milan and London to Barcelona. New London to Thessaloniki flights [...]
London law firms hired record number of partners in 2021 January 4, 2022 Propelled by record revenue and profits, commercial law firms made 26 per cent more partner hires in 2021 compared to the previous year, according to a new report. Following vaccine rollouts the economy began to recover from the pandemic outbreak in 2020, leading to a boom in dealmaking which has driven demand for law firms [...]
Happy New Year: World says hello to 2022 as millions celebrate across the UK January 1, 2022 Millions of Brits welcomed the new year with confetti, drinks, fireworks and cheers across the UK. As the new year marched across the globe, time zone by time zone, tens of millions of people across the UK waited for 2022 to arrive in Britain, and it sure did when skies across the country were lit [...]
Court orders ex-chairman of Kazakh paper company to return £120m worth of cash and luxury London properties December 22, 2021 A Kazakh paper and cardboard manufacturer has won a London court order against its former chairman to return £122m, including four luxury London properties worth £50m, in damages following fraud. Yesterday a judgement was reached in the long standing case, between Kazakhstan Kagazy Group and its former chairman Maksat Arip. The Group has been trying [...]
Shoppers shy away from West End on ‘critical’ weekend before Christmas as bosses call for urgent support December 20, 2021 Shoppers were deterred from visiting central London’s shopping district last weekend as Omicron infections continue to rise across the capital. Retailers have called on the government for more financial support as businesses have been hit by falling footfall in the crucial trading period before Christmas. It comes after health experts have advised Brits to prioritise [...]
Believe it or not, there are still reasons to be cheerful for 2022 December 16, 2021 There are, it is fair to say, many reasons to feel a tad disheartened at the minute. Yesterday’s record number of Omicron cases was hardly cheering. Neither is the sight of empty streets and shuttered businesses on a quick stroll around the City. But, believe it or not, there are reasons to be cheerful. Plenty, [...]
