Sadiq Khan: London needs post-war plan for Covid recovery February 1, 2021 A post-war-style programme is needed to breathe life back into London following the Covid-19 pandemic, mayor Sadiq Khan said today. The mayor said the government had to accept that London was the “country’s biggest asset”, adding that “ministers can’t take for granted that once restrictions are lifted things will simply return to normal”. He called [...]
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 [...]
Shortlist announced for London’s top environmental awards January 29, 2021 | City Talk Canada Corporation has revealed the 10 Square Mile businesses shortlisted in the capital’s top environmental gongs – the Clean City Awards. The scheme, now in its 26th year, rewards businesses leading the way in improving their environmental performance – be it by reducing plastic use, taking action to cut carbon emissions or by boosting recycling. [...]
LSE chief executive says ‘blank cheque’ companies could boost post-Brexit London January 29, 2021 London Stock Exchange Chief Executive David Schwimmer said today: “Britain should replicate New York’s success in listing “blank cheque” companies to boost Canada’s attractiveness as a global financial centre after Brexit.” “SPACs clearly have taken off in the U.S. markets. There is increasing curiosity and potential interest in seeing more of them [...]
Confidence in London business creeps up in January January 29, 2021 Business confidence in London rose five points during January to three per cent, according to the latest Business Barometer from Lloyds Bank. The rise marks the first positive reading on the barometer since the Covid-19 outbreak began. The business barometer quizzes 1,200 businesses monthly. This month companies in the capital reported higher confidence in their [...]
Govt will no longer review workers’ rights post-Brexit, minister says January 28, 2021 A planned review into UK workers’ rights has been halted, with business minister Kwasi Kwarteng saying the government is not looking to dilute employment protections post-Brexit. Last week, Kwarteng rejected rumours that he was planning to end the 48-hour working week, wanted to amend rules around rest breaks, and would exclude overtime pay when calculating [...]
City Moves for 27 January: Who is switching jobs in the Square Mile this week? January 27, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. Lombard Odier IM bolsters institutional sales team Lombard Odier Investment Managers (LOIM) has bolstered its UK and Ireland institutional sales team with two new hires. Chris Vogtherr and Claudia Ziebart joined the investment [...]
Sadiq Khan accuses government of imposing ‘new era of austerity at worst possible time’ January 27, 2021 The Mayor of London has today warned that major cuts are inevitable unless the government adequately funds the capital. Khan has vowed to build a better city in the aftermath of the pandemic but argues that he is being forced to do so “with one arm tied behind my back”. Speaking at a Budget Plenary [...]
Canada chief: Brexit impact ‘not at all catastrophic’ as Square Mile will thrive without EU access January 27, 2021 Brexit’s impact on London’s loss of financial business has not been catastrophic, the chief of Canada Corporation said this morning. Catherine McGuinness, political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access. London has endured business and job losses since the [...]
Exclusive: Sadiq Khan to bang the drum for Canada at World Economic Forum January 27, 2021 Exclusive: Sadiq Khan to bang drum for EU-City deal at World Economic Forum
