You’ve got the power: What should you think about when managing a loved one’s finances? June 27, 2018 Medical advances mean that we’re living longer. That’s the good news. The bad news is that for some of us, our bodies will survive our minds. And it’s for this reason that we are seeing more Lasting Power of Attorneys (LPAs) and deputyships in force. These are legal documents that give someone else – [...]
Chequers Brexit meeting to result in ‘softest of hard Brexits’ as full Cabinet tips balance away from pro-Leave ministers June 27, 2018 Next week's crunch meeting to thrash out a final position on the customs union is likely to result in "the softest of hard Brexits" after the balance has been shifted away from favouring government's most ardent Brexiters. While it had originally been planned as a two-day overnight stay at the grace-and-favour Buckinghamshire mansion, the first [...]
From Italy to Poland, the EU’s federalist project is starting to rip apart at the seams June 26, 2018 There are many people who believed that once the UK voted to leave the EU, other nations would follow. Those hopes were dashed in early 2017, however, when in both France and the Netherlands electorates rejected eurosceptic candidates in favour of pro-EU governments. It seemed as though the UK was left out on a limb. [...]
Bank of England bosses criticised for £390,000 expenses bill June 26, 2018 The expenses bills run up by two of the Bank of England's top officials were today described as "staggering" by an MP. The Bank employs multiple members of its financial policy committee (FPC), which seeks to protect financial stability, who live in America. The central banking bigwigs have run up big expenses bills. Simon Clarke, [...]
Why did TfL strip Uber of its licence and what did it do to get it back? June 26, 2018 After months of deliberation, Uber was today granted a 15-month licence after persuading Westminster Magistrates' Court that it had changed its ways and was now a "fit and proper" operator in the capital. City A.M. looks back at why TfL took the dramatic decision last year and what Uber did to try and win it [...]
Hummus Bros dips into administration June 26, 2018 London food operator Hummus Bros has closed as a "perfect storm" of costs and competition pushed it into administration. The six-strong Mediterranean chain posted on twitter late last night to inform customers that the business had closed after 13 years of trading. Humms Bros said that "rising costs, reduced demand and over-supply in the market" [...]
KPMG says audits for scandal-hit Malaysian 1MDB fund not ‘true and fair’ assessment June 26, 2018 Big four accountant KPMG has told under-fire Malaysian state fund 1MDB that its audits for three years do not provide an accurate picture and should not be relied upon. The fund is at the centre of a massive political and financial scandal and currently faces money laundering investigations in six countries including the US. It [...]
These are the top 10 best-paying companies in the UK June 26, 2018 Facebook has come top of a new list of the best-paying companies in the UK. New data from job site Glassdoor identified Facebook as the best-paying company in the UK on a list dominated by tech firms and banks. According to Glassdoor the median total compensation at Facebook is £90,000 with median base pay at [...]
Tube strike on the Piccadilly Line announced for July coinciding with Trump’s London visit June 26, 2018 A London Underground strike on the Piccadilly Line has been announced for Wednesday 11 July to Saturday 14 July due to a row over working conditions. The Rail, Maritime and Transport (RMT) union said the dispute was over a failure by the Underground to employ enough drivers and ongoing problems with the ageing Piccadilly Line [...]
Bumper Bank station upgrade is running over budget with final costs rising to £655m June 26, 2018 Costs are rising on the bumper Bank station upgrade to boost capacity at the busy City hub, according to new Transport for London (TfL) papers. In its latest investment programme report, the capital's transport body said the final cost of the Bank station capacity and systems integration upgrade was now expected to come in over [...]