Exclusive: Sadiq Khan ‘miles behind’ council housing target with just 1,600 completed since 2018 July 1, 2021 London Mayor Sadiq Khan is lagging behind on his 2018 promise to build more council houses in the capital, and has very little time left to meet his target. Numbers from City Hall showed just 1,632 council homes in London have been built since 2018, despite Khan promising to build more than 11,154 by 2022. [...]
Flexible working could become a ‘right for all’ under new legislation June 30, 2021 Shadow children’s minister Tulip Siddiq today introduced the Flexible Working Bill, aimed at giving workers a right to flexible working arrangements. Siddiq said the Bill, introduced through the Ten Minute Rule, would “give workers the right to flexible working from the first day of employment, except in exceptional circumstances” and “require employers to offer flexible [...]
FTSE 100 set to reverse trend of monthly gains June 30, 2021 London’s FTSE 100 dropped on Wednesday afternoon as the index looks set to reverse a trend of successive monthly gains. The capital’s premier-index was down 0.49 per cent in the afternoon session. The index has risen every month since February, but it looks likely to end that run in June. The fall comes as the [...]
Donald Trump’s company and CFO Weisselberg expected to be charged tomorrow June 30, 2021 Prosecutors in Manhattan are expected to charge former US president Donald Trump’s company and its chief financial officer, Allen Weisselberg, tomorrow for alleged tax-related crimes, the Wall Street Journal reported today. Charges will most likely be related to the Trump Organization and Weisselberg allegedly evading taxes on fringe benefits. They would be the first criminal [...]
Recognising voices: Lessons from Asian Pacific American Heritage Month – targeted violent crime on the rise June 30, 2021 | Sponsored DiverCity® Podcast · The Perspectives of Discrimination and Representation Violent crime targeting Asian people in the US soared by 150% in the US in 2020. The UK has noted a 300% increase in hate crimes against East Asian and Southeast Asian communities since 2020. Tackling this horrific rise in violence means tackling subversive racism and [...]
Pension funds are going overweight in copper as inflation climbs June 30, 2021 Most pension funds believe copper will become a more attractive investment and prices will rise during the remainder of this year, according to new research, shared with City A.M. this morning. Long known for its strong relationship with global economic activity, copper is fast becoming an indispensable commodity which is oiling global growth in green [...]
Exclusive: ‘Under Boris, the tail has been wagging the dog way too much’, says Charlie Mullins June 30, 2021 Discussing new health secretary Sajid Javid with London’s best-known plumber, entrepreneur Charlie Mullins, it becomes instantly clear that the founder of Pimlico Plumbers is a big fan. “In 2020, Sajid Javid chose to quit as Chancellor and walk out of Number 11 rather than bow down to Dominic Cummings and the Prime Minister and sack [...]
Topps Tiles boosted by Brits craving home improvement after lockdown June 30, 2021 Topps Tiles reported a surge in sales in the first three months since stores have been allowed to reopen, after lockdown restrictions at the beginning of the year heavily impacted the group’s performance. On a two year basis compared with 2019 before the pandemic, retail like-for-like sales increased by 12.9 per cent over the third [...]
Confidence among London businesses reaches highest level for almost three years June 30, 2021 Confidence among businesses in London has reached its highest level for almost three years, according to new research published today. Lloyds Bank Commercial Banking’s latest Business Barometer shows business confidence in the capital rose 17 points to 41 per cent in June 2021 – the highest level since September 2018. London ranked second behind Scotland, [...]
UK’s debt risks soaring by over £100bn due to post-pandemic inflation June 29, 2021 The Bank for International Settlements (BIS) today published its annual report today, suggesting that the UK’s post-pandemic debt could rise by over £100bn due to inflation. In its report, the Swiss-based bank set out its outlook for global recovery from the Covid pandemic. Its primary scenario was one of solid recovery but at uneven rates, [...]