The City after Brexit: With Refinitiv, Shearman & Sterling and the Investment Association October 26, 2021 Brexit, ‘greenwashing’, COP26, the EU/UK taxonomy, China in the wake of the Evergrande affair, the EU’s push for ‘strategic autonomy’ as well as privacy and the use of data are being discussed by CSFI director Andrew Hilton and this panel. They also zoom in on the latest IA report on asset management, and have a [...]
Covid-19 booster vaccinations: All your questions answered October 26, 2021 A third Covid shot is coming your way this winter as two jabs may not give us sufficient protection, or at least not in the long term. Booster jabs are being offered as part of a ramped-up vaccine campaign in England and City A.M. caught up with Phil Day, superintendent pharmacist at Pharmacy2U, to discuss [...]
Tory MP Owen Paterson faces suspension over ‘egregious’ breach of lobbying rules October 26, 2021 Tory MP Owen Paterson is facing a 30-day suspension from the House of Commons, after an “egregious” breach of parliament’s lobbying rules. Parliamentary commissioner for standards Kathryn Stone ruled today that the North Shropshire MP broke lobbying rules during his work for clinical diagnostics firm Randox, where he had been hired since 2015. He had [...]
Plan B Covid restrictions would cost UK economy up to £18bn, says leaked report October 26, 2021 The economy will take a hit of up to £18bn if Boris Johnson implements his Plan B Covid restrictions over winter, according to a leaked government report. The Cabinet Office estimates the restrictions – which would see the government tell people to work from home and implement mandatory face masks and vaccine passports – would [...]
All public sector workers to get pay rise after partial 2021 wage freeze October 25, 2021 Millions of public sector workers are set to get a pay rise in this week’s Budget as the UK faces increasing inflation growth. The Treasury tonight said the size of the wage increase will be determined next year after it has been given recommendations from pay review bodies. Rishi Sunak froze pay for all public [...]
SMEs fear high energy costs will act as a barrier to growth October 25, 2021 Seventy per cent of small and medium enterprises (SME) owners believe that high-energy costs will negatively affect the growth of their businesses, according to a new survey from Tyl by Natwest. The group questioned 500 UK SME business owners, and discovered that 65 per cent of SMEs are spending up to one fifth of their [...]
Brexit: Frost leaves door open for EU courts to have minor role in NI Protocol October 25, 2021 Lord David Frost has today left the door open for the EU’s courts to still have a minor role in the post-Brexit Northern Ireland Protocol as negotiations over its implementation heat up again. The UK’s Brexit minister, who wants the European Court of Justice (ECJ) to lose its role as the main arbiter of the [...]
Central London office take-up hits highest level since 2019 October 25, 2021 Central London office take-up has reached its highest level since the end of 2019, according to real estate advisor CBRE. According to CBRE’s analysis of deals in central London, take up of office space has seen another increase for the third consecutive quarter. For the third quarter, some 2.7m sq ft was taken on, with [...]
Speaker Sir Lindsay Hoyle hits out at Sunak for revealing large parts of Budget in advance October 25, 2021 Commons speaker Sir Lindsay Hoyle has lashed out at Rishi Sunak for releasing more than a dozen spending announcements in the lead-up to Wednesday’s Budget, saying that ministers would resign over similar briefings in years past. Referring to Hugh Dalton’s 1947 resignation after briefing the Budget hours before it took place, Hoyle said: “At one [...]
UK firms now having to pay £50,000+ ‘security bond’ to litigate in EU post-Brexit October 25, 2021 Following the end of the Brexit transition period UK businesses are now having to pay ‘security bonds’ of £50,000 or more to courts in the European Union in order to litigate there, legal experts told City A.M. today. These bonds could make it more difficult and costly for UK businesses to defend their intellectual property [...]