UK financial regulator proposes near doubling of fees November 30, 2021 The Financial Conduct Authority (FCA) has proposed a near-doubling of the fee it charges authorised firms for supervision services.
London pips European rivals to smart city crown November 30, 2021 London has muscled out its continental rivals to take the top spot in Europe as the most technologically advanced city, according to research shared with City A.M. today. The capital’s world-leading innovation, vibrant cultural scene and high-performing universities cemented it as one of the top performers on Z/Yen’s Smart Cities Index. London was the top [...]
Swelling costs threaten to throw UK businesses into a ‘winter freeze’ November 30, 2021 A “winter freeze” is looming over UK businesses triggered by the ongoing supply chain crisis swelling costs at a record pace, according to fresh figures published today. Shortages of key materials used by firms engineered by global logistics systems gumming up has raised prices across the board, crimping businesses’ margins. Research by the Confederation of [...]
Leading UK businesses hand over half of their income to government through taxes November 30, 2021 The UK’s leading businesses are handing over half of the money they generate to the government in taxes, according to a fresh study published today. FTSE 100 companies gave up 53.2 per cent of their income to the public coffers last year, illuminating the heavy tax burden British businesses are being shackled with. Over one [...]
UK’s biggest businesses should be reinvesting, not plugging Treasury’s holes November 30, 2021 So now we know: those with the broadest shoulders really are taking on their fair share of the burden. This is hardly a surprise, of course, except perhaps to those who still pine for the Corbynista dream of taxing British business out of existence, but the PwC research in today’s City A.M. does at least [...]
Nftcracker: Natalia Osipova auctions off NFTs to fund new dance company November 29, 2021 Internationally renowned ballerina and star of the London Ballet Natalia Osipova is selling NFTs to raise funds for a new dance company.
Code red Omicron scenario would setback UK economic recovery, warn experts November 29, 2021 The UK economy would suffer a severe setback in its battle to revert to pre-pandemic strength if the Omicron variant proves to be deadly, City economists have warned. If the heavily mutated strain of the virus is capable of evading vaccines and the UK government reimposes blanket lockdown measures, the economy would shrink back to [...]
FTSE 100 rises again after bleak Black Friday November 29, 2021 London’s FTSE 100 has risen up slightly this morning after shedding 3.31 per cent on Friday amid the new coronavirus variant scares. The market movements come as the World Health Organisation and Coronavirus experts around the world called this morning for countries to drop travel restrictions and end mass hysteria – and instead be cautiously [...]
Mel Stride MP urges chancellor to slash taxes to ease cost of living crisis November 29, 2021 The chairman of an influential group of MPs that scrutinises the spending plans of the government has told Tory chancellor Rishi Sunak to slash taxes to ease the cost of living crisis looming over Brits. Speaking to the PA news agency, Conservative MP Mel Stride, who chairs the Treasury Committee, called on the chancellor to [...]
All eyes on the open: Investors brace for choppy week as Omicron looms over markets November 28, 2021 Investors are bracing for a choppy week on markets as fears the new Omicron variant of coronavirus could derail the global battle against the disease spread rapidly. London markets capped off last week with a mauling driven by a wave of selling triggered by the emergence of the new Covid-19 variant which may have the [...]