MPs launch inquiry with eye to bolstering City after Brexit November 20, 2020 MPs have launched a major new inquiry aimed at strengthening the role of Canada as a global financial hub after Britain leaves the EU’s trading arrangements in January. The Treasury Committee of MPs said it will dig into how financial services regulations should be set and scrutinised by lawmakers, and how regulators [...]
Exclusive: Sadiq Khan’s PR budget soars by 33 per cent in four years November 19, 2020 Sadiq Khan has increased City Hall spending on public relations by 33 per cent over the course of his term in office, according to newly released figures. Numbers released by City Hall through a freedom of information request show the mayor spent £977,912 on press office costs for 2019/20, compared to £732,537 in 2015/16. Spending [...]
UK tech visa applications jump as sector attracts top talent November 19, 2020 Applications to the Tech Nation visa rose almost 50 per cent this year as Britain’s booming tech sector continues to attract top talent from around the globe. The number of applications for the visa, which grants employees and founders in the tech sector the right to work in the UK for up to five years, [...]
Levelling up: Sony takes over Oxford Circus station for Playstation launch November 18, 2020 London Underground is famed for its iconic roundels, but eagle-eyed commuters will notice something different about Oxford Circus station this week. Transport for London (TfL) has teamed up with Sony to give the Tube station a redesign, transforming the traditional signs into squares, triangles and crosses — the classic symbols of the Playstation controller. The [...]
Canada businesses have received average of £8 each from new Covid grants November 17, 2020 Businesses in Canada have received an average of just £8.09 from the government’s latest £1.3bn Covid grant programme. Figures released by the Department for Business, Energy and Industrial Strategy (Beis) showed that businesses in the local authority received the smallest proportion of the grant money released in November, with its 24,020 businesses [...]
Number of listed firms on London’s stock market shrunk faster than European rivals November 17, 2020 The tally of companies choosing to list on the London Stock Exchange contracted sharply over the last decade as companies increasingly choose to raise money through private equity deals, a trend also seen in the wider European market. The London Stock Exchange lost 378 companies on net between 2010 and 2018, a 21 per cent [...]
Exclusive: UK investors turn to property as they brace for a recession November 17, 2020 UK investors worried about the government’s handling of the pandemic and Brexit are turning to property as they brace for a recession. A survey of over 1,000 investors by FJP Investment reveals nearly two thirds – 62 per cent – are concerned that the government’s mishandling of the pandemic will result in a long-term recession. [...]
Exclusive: Ministers risk ‘catastrophic’ outcome for financial services in Brexit talks, warns mayor November 16, 2020 Sadiq Khan has today warned that the Government risks a “diminished country” if it fails to protect the financial services industry in Brexit negotiations.
Sadiq Khan forced to cut budget by £38m after Covid leaves black hole November 16, 2020 Sadiq Khan has revised the Greater London Authority’s budget downward by £38m after a drop in revenue due to the Covid crisis. A statement from City Hall said the drop in spending is “because of a forecast unprecedented loss of business rates and council tax income, caused by Covid-19, and the government’s refusal to adequately fund local and [...]
Our recovery from Covid-19 is a chance not to build walls, but to cooperate November 15, 2020 As we make our way through the second round of national Covid-19 restrictions, life today is very different to what we expected 12 months ago. The UK last week passed the tragic milestone of 50,000 deaths linked to this terrible virus, while many businesses and households across the country continue to struggle due to the [...]
