Sadiq Khan calls for Sunak to U-turn on scrapping VAT exemption for tourists December 7, 2020 Sadiq Khan has added his voice to the chorus of figures calling for Rishi Sunak to U-turn on his decision to scrap the UK’s VAT exemption for tourists. Khan today said the move would be “hugely counter-productive” as the UK economy recovers from the Covid crisis next year and that revenue lost from the change [...]
Tory mayoral candidate calls for Night Tube and Waterloo & City line to open December 7, 2020 Tory mayoral candidate Shaun Bailey is urging Sadiq Khan to reopen the entire London Underground network, including the Night Tube and City & Waterloo line. Bailey also called for all Transport for London (TfL) staff to be given a free flu jab this winter. TfL closed the City & Waterloo line – which is a [...]
A healthy dose of FOMO can get London’s workers back to the office December 7, 2020 Covid-19 has made central London unrecognisable — the quiet streets and empty offices of today are a far cry from the bustling metropolis it once was. Despite the end of the second national lockdown, there hasn’t been much improvement since the summer. A recent survey from Arup showed that London is still trailing other British [...]
The Week Ahead: Brexit, ECB rates, Rolls Royce, Ocado and Airbnb IPO December 7, 2020 City PM takes a look ahead at the main events shaping the markets this coming week, analysing what is to come with City insider Michael Hewson, chief market analyst at CMC Markets UK. Monday: Ted Baker When Ted Baker announced in June it was looking to raise over £100m at a discounted price of 75p [...]
A new chapter of UK-EU collaboration — and the City stands ready to help December 7, 2020 After long and tortuous negotiations, the UK and European Union are finally reaching the endgame of the transition period. Whatever the outcome, the current global crisis caused by the pandemic has shone a light on how, even post-Brexit, there will be many areas which will require collaboration on both sides of the Channel. The pandemic has [...]
Sadiq Khan launches £1m Resilience Fund for London’s post-pandemic recovery December 4, 2020 The Mayor of London announced the launch of a £1m Resilience Fund, partnering community groups and innovation experts to tackle London’s most pressing challenges. The Resilience Fund will be delivered in partnership with Nesta Challenges, an innovation foundation. Local authorities, public agencies, social enterprise will be asked to identify specific challenges they need solved. Sadiq [...]
Covid-19: This is the London Tube line with the worst rate of wearing face masks December 4, 2020 Covid-19: This is the London Tube line with the worst rate of wearing face masks
Rising private equity star on making it in the City as a woman in 2020 December 3, 2020 Diversity and equality are increasingly on the radar of City firms. Serious priorities or mere marketing spiel? City PM‘s Michiel Willems sat down with Sunaina Sinha Haldea, founder and CEO of Cebile Capital, a London-based placement agent and secondaries advisor in private equity and infrastructure. The Harvard graduate is also an angel investor and serves [...]
Salaries to increase next year as companies move to lift pay freezes December 3, 2020 UK private sector workers are set to receive average pay rises of 2.4 per cent in 2021, according to data released by Willis Towers Watson this morning. The number of UK companies expecting to freeze pay is expected to fall sharply next year, in a further sign of cautious optimism for 2021. The more upbeat [...]
Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ December 3, 2020 As the Bank of England mulls the introduction of negative interest rates AJ Bell’s chief executive has told City PM customers will suffer as a result. The central bank has already slashed interest rates to a record low of 0.1 per cent to support lending through the pandemic. “We’ve discussed how we’d deal and cope [...]
