Perfect energy storm: Do the gas price hikes mean your bills will rise? September 20, 2021 Government ministers and energy companies are in crisis talks today, as the price of gas has soared in recent weeks, putting several energy suppliers out of business and forcing some factories to stop production altogether. The price of wholesale gas has surged by 250 per cent since the beginning of the year and added 70 [...]
City minister pledges ‘competitive tax rates’ for UK financial services sector ahead of Budget September 20, 2021 John Glen has promised that the UK’s financial services sector will benefit from “competitive tax rates,” ahead of the next Budget on 27 October, according to reports. “To be competitive, we have to have competitive tax rates and that’s what’s on the chancellor’s mind at the moment,” the City minister told the Financial Times, which first reported the [...]
Chancellor hails London tech success as capital beats European competitors again September 20, 2021 Chancellor Rishi Sunak today hailed London’s bounce back from the pandemic as new figures show the capital is sprinting ahead of rival European tech hubs. London has attracted more venture capital investment to its startups than anywhere else in Europe and now boasts more unicorns – firms valued at more than $1bn – than France [...]
City should brace itself for €900bn Brexit hit if Brussels plays clearing politics September 17, 2021 The City and several financial services groups in Brussels are lobbying for an extension to clearing house access beyond June of next year. Yesterday, a trio of major lobby groups for Europe’s finserv sector called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to [...]
S4 Capital confirms tech merger after Covid-19 pushed ‘digital transformation’ September 17, 2021 Martin Sorrell’s S4 Capital has confirmed its brand Media.Monks’ merger with digital services firm Zemoga, to bolster its technology services across product design, engineering and delivery. The deal forms part of yet another bout of expansion for the advertising company. Sorrell earlier this week credited the Covid-19 pandemic with accelerating “the speed of digital transformation [...]
Flyer girl outside Liverpool Street station becomes LinkedIn sensation September 17, 2021 An intern handing out flyers outside Liverpool Street station in the City has gone viral on social media after posting a picture of herself online. Anya Jackson, who is currently doing a work placement for dating app Thursday, wrote on LinkedIn: “I did say in my CV that I am prepared to go out of [...]
All new London buses to be zero-emission Mayor says September 17, 2021 Sadiq Khan, the Mayor of London, has announced that new Transport for London (TfL) buses will be carbon neutral, as the UK prepares to host COP26. TfL said in a statement that by the end of next year, ten per cent of London’s bus network will be zero-emission as the network has committed to only [...]
BT to hire 1,000 staff outside of London as part of ‘levelling up agenda’ September 16, 2021 BT is set to hire around 1,000 new staff to fill the broadband giant’s flagship Birmingham office, its first major site outside of London. There are currently some 225 positions available, which will grow over the coming months and years, BT said in a statement. The FTSE 100 has been slowly introducing its workforce back [...]
City hiring spree: Financial services sector’s recruitment plans to break records this autumn September 16, 2021 Employers in London have ambitious plans to increase their headcount as they enter the fourth quarter, according to new research shared with Morning Wire this morning. Even though London’ outlook was the lowest of all regions in the fourth quarter of last year, at minus 13 per cent, businesses in the capital now have one [...]
Reshuffle: Grading fiasco brought down gaffe-prone ‘Private Pike’ Gavin Williamson September 15, 2021 Gavin Williamson came under repeated pressure to resign over his handling of disruption to schools during the pandemic and the fiasco around grading of GCSE and A-level students amid cancelled exams. After more than two years in the job, his time as Education Secretary has finally come to an end as he declared he was [...]