Tory MPs hit back over rail fare hike August 14, 2018 The government has come under fire from Tory MPs for hiking train fares amid a growing dispute over the measure used to determine price rises. Transport secretary Chris Grayling said tonight the government will “freeze regulated fares in line with inflation” for the sixth year running, a move that will potentially add hundreds of pounds to [...]
Emergency COBRA meeting to be held after terror attack August 14, 2018 An emergency COBRA meeting is being convened this afternoon, following a terror attack outside Parliament this morning. Armed police officers arrested the man, who drove a silver Ford Fiesta into the security barriers outside the Houses of Parliament shortly after 7:30am, on suspicion of terror offences. He is not believed to be known to police, [...]
Jobs miracle is a real achievement for the UK August 14, 2018 Brexit, Boris and burqas. These are hardly halcyon days for the Conservatives, who – according to the latest opinion poll – trail Labour by two points, despite Jeremy Corbyn’s hapless and controversy-laden leadership. Nonetheless, yesterday held a reminder of a genuinely remarkable achievement that successive Tory inhabitants of Downing Street can point towards – namely, [...]
Bad Apple: Erdogan threatens iPhone boycott after spat with US August 14, 2018 Turkey's President Recep Tayyip Erdogan called for a boycott of iPhones and other American electronic products yesterday as tensions between the two countries escalated. Erdogan remained defiant amid what he called an “economic war” with the US after Washington imposed punitive sanctions on Ankara. “Whatever we buy from abroad we are going to produce here in [...]
Supermarket sweep: Which FTSE 100 grocer is the best buy? August 14, 2018 British supermarkets haven’t had an easy ride lately. There’s been plenty for them to worry about – the biggest being the rising cost of imports as sterling has continued to slide (the pound dropped to €1.11 and $1.28 last week). A weak pound has tightened profit margins. And with heavy competition from discount retailers, passing [...]
European firms not ready for no-deal Brexit August 13, 2018 European firms are unprepared for a “no deal” Brexit, risking widespread economic damage on both sides of the Channel if the UK leaves the EU in a disorderly manner, European business groups have warned. A “no deal” scenario would have major consequences for European companies if it means customs procedures, travel arrangements, and product rules [...]
It’s time for an honest debate on retirement August 13, 2018 A population roughly the size of London – that is the number of additional people aged 65 and over estimated to be living in the UK by 2066, bringing the total figure up to 20.4m, according to the latest official data. At current rates, over a quarter of the population will be past retirement age [...]
What I’m reading interview: Newgate Communications and Porta Communications boss Emma Kane on the book that changed the direction of her career August 13, 2018 As chief executive of Newgate Communications, co-CEO of Porta Communications, chair of Target Ovarian Cancer and chair of the Barbican Centre Trust, Emma Kane has an impressive roster of titles. City A.M. spoke to Kane about the book she's reading, what's on her reading list for this summer and the book she was given as [...]
Investec fills entire City building in post-Brexit commitment August 13, 2018 Specialist banking giant Investec Asset Management has agreed to occupy the whole of 55 Gresham Street in a move that signals yet another firm commitment to the City of London post-Brexit. More than 121,000 square feet of offices spanning 11 floors will be let out in the grade A building located in the heart of [...]
What I’m reading interview: Newgate Communications and Porta Communications boss Emma Kane on the book that changed the direction of her career August 13, 2018 As chief executive of Newgate Communications, co-CEO of Porta Communications, chair of Target Ovarian Cancer and chair of the Barbican Centre Trust, Emma Kane has an impressive roster of titles. City A.M. spoke to Kane about the book she's reading, what's on her reading list for this summer and the book she was given as [...]