Exclusive: London restaurant spend topped 2019 before new restrictions October 21, 2020 Spending at restaurants, pubs and bars in London climbed above 2019 levels for the first time during the coronavirus pandemic before new restrictions were put in place, data provided exclusively to City A.M has shown. Food and beverage spending was 1.7 per cent higher in September than a year earlier, according to Fable Data, which [...]
London is the toughest place to be an entrepreneur, report finds October 21, 2020 London is the toughest place in the UK to be an entrepreneur due to a huge wealth disparity and a higher cost of living, according to a new report. The government-funded British Business Bank (BBB) and management consulting firm Oliver Wyman have today published a report into the huge impact ethnic and economic background as [...]
Brexit: EU not serious about restarting trade talks, says minister October 20, 2020 The EU’s offer to restart broken down Brexit trade talks amounted only to “lip service”, according to a UK business minister. Nadhim Zahawi said today that the UK still wanted a Brexit trade deal, despite Boris Johnson refusing to come back to the negotiating table, but that talks would not continue until Brussels treats Britain [...]
Sadiq Khan calls for 10pm Covid curfew to be scrapped October 20, 2020 Sadiq Khan has called for England’s 10pm curfew to be scrapped in a bid to save London’s ailing hospitality industry. The mayor of London said the curfew made no sense now that household mixing was banned indoors as a part of the latest Tier 2 restrictions placed on the capital last week. “Immediately scrapping the [...]
London Chamber of Commerce launches Black Business Association October 19, 2020 London’s business trade body has today launched a new programme to support black business ownership and black employees in the capital. The London Chamber of Commerce and Industry (LCCI) has set up the Black Business Association to enable networking and promote entrepreneurship. It will also provide a forum to collectively discuss barriers to equality in [...]
Firefighters tackle blaze at City office block October 19, 2020 More than two dozen firefighters are tackling a blaze at an office block in the heart of the City. Four fire engines and around 25 firefighters were called to a building on Houndsditch near Aldgate Tube station this morning. The London Fire Brigade said it was alerted to the fire following reports of smoke billowing [...]
Love in a time of Covid: A guide to lockdown dating October 19, 2020 Shakespeare’s assertion that “the course of true love never did run smooth” has never felt quite so true as it has during the pandemic for couples who don’t live together. This has become especially complicated with the introduction of different restriction levels across regional boundaries. From the beginning of lockdown, clarity on how to live [...]
Half of UK financial services staff want shift to flexible working October 19, 2020 Half of Brits working in the financial services sector want to shift to a more flexible working model after the coronavirus pandemic ends, a new survey has revealed. The outbreak of Covid-19 has sparked a major change in working habits, as stay-at-home orders have fuelled a sharp rise in home working. A survey by KPMG [...]
London’s new cycle lanes are causing traffic chaos, says transport secretary October 19, 2020 An influx of new cycle lanes in London and across the country has led to increased traffic congestion, according to transport secretary Grant Shapps. Shapps has written to local council leaders, warning them that badly designed road closures and new cycle lanes were causing havoc for communities and that he “would not be prepared to [...]
It’s up to the City to drive Britain’s economic recovery October 19, 2020 “The harder yards are ahead of us,” warned Bank of England governor Andrew Bailey recently, as Britain’s households and businesses brace themselves for a bitter winter in the midst of the pandemic. With the UK’s economic recovery already fragile, it is clear we need to identify the engines for growth that can weather the storm [...]
