City counts the cost of Brexit but eyes turn to new global opportunities February 16, 2021 As temperatures hit record lows in February, parts of London’s financial markets are feeling the cold as consequences of Brexit bed in. The much reported toppling of London as the continent’s top share-trading hub in January is a symbolic moment more than a significant economic shift, but it plays into a wider discussion about the [...]
Some City investors are starting to get nervous about inflation February 16, 2021 The UK will release new inflation data later this week, but if recent investor comments and analyst notes are anything to go by, it is becoming increasingly clear that some within the investment community are starting to get nervous about inflation. According to last month’s figures by the Office for National Statistics (ONS), the UK’s annual [...]
Tickets go on sale for second virtual London Marathon February 16, 2021 Tickets go on sale for second virtual London Marathon
Treasury Committee chair: ‘One-off wealth tax’ could patch the Covid gap in public finances February 15, 2021 The MP who leads the Treasury Committee suggested this morning that Chancellor Rishi Sunak should introduce a one-off wealth tax to help revive the country’s public finances. As the pandemic is tearing its way through public finances, the chair of the UK Treasury Committee, Mel Stride, said a one-off wealth tax may be an effective [...]
Neil Woodford’s shock comeback raises eyebrows in the City February 15, 2021 News that the disgraced fund manager Neil Woodford is looking to make a comeback in investment management has taken many in the Square Mile by surprise. The former star manager gave an emotional interview to the Sunday Telegraph yesterday in which he apologised for the collapse of his investment company and said he is working [...]
London and UK trade bodies slammed for talks with Chinese tech linked to Uighur surveillance February 12, 2021 City Hall and trade department slammed for talks to Chinese firm linked to Uighur Muslim surviellance
When Fulwell freezes over: Thames turns to ice for first time in 60 years February 12, 2021 Parts of the River Thames have frozen for the first time in 60 years as the UK plunges to the coldest temperatures on record for February. Seagulls perched on a frozen Thames in Teddington, south west London, this afternoon as it iced over for the first time since Britain’s Big Freeze in 1963. The slow [...]
Priti Patel criticizes ‘dreadful’ Black Lives Matter protests February 12, 2021 UK home secretary Priti Patel said she did not support the Black Lives Matter demonstrations, calling the protests “dreadful” in an interview with LBC this morning. When asked whether she would “take the knee”, Patel said: “No, I would not, I would not have at the time either. There are other ways in which people [...]
Sadiq Khan is yet to meet half of his 2023 housing target February 11, 2021 Sadiq Khan has started less than half of the affordable houses he promised to build by 2023, new figures have revealed. Khan was given £4.82bn in 2016 by central government to build 116,000 affordable homes by 2022, however figures from the Greater London Authority show City Hall has only begun 56,239 as of December. The [...]
Hotel quarantine: What do the new rules mean for arrivals travelling to London? February 11, 2021 Hotel quarantine: What do the new rules mean for arrivals travelling to the UK border?