Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
The spectrum of terror attacks November 16, 2021 Yesterday, the UK terror threat was raised to “severe” in the wake of the attack in Liverpool. Over the last decade, the bulk of attacks have been so-called “lone wolf” attacks. In contrast, the explosion outside Liverpool Women’s Hospital harks back to a more traditional view of terror. Anthony Richards, a terror expert at CoJit, [...]
A global tax cartel with a minimum corporation rate will undermine Britain November 16, 2021 FOR the last fortnight, Glasgow has soaked up the attention of the world as we contemplate our future. But only days before, G20 leaders rubber stamped a deal that will determine much of our destiny: a global minimum tax. Rishi Sunak, who claimed to be squeamish about tax rises in his Budget, called these “seismic [...]
Peloton was a lockdown sprinter, now it has to run a marathon to fight the competition November 16, 2021 Peloton was known for revolutionising the fitness sector during Covid. Its stationary bike, launched in 2014, was the beginning of its journey. The company’s evolution has been fuelled by millions of pounds in funding and technology to create the brand we know now: the flagship bike, which works in tandem with a monthly video class [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
The high streets of the UK need to be able to woo global shoppers to stay competitive November 16, 2021 Alongside true love and compound interest, habit is one of the most powerful forces. The familiar click of the Christmas lights brought people back to London’s streets last week, with 2.5 per cent more people treading down the high street. But with the pandemic came new habits and the fairy lights will be switched off [...]
Tall Tulip syndrome November 15, 2021 [Re: Tulip tower to wilt after Gove veto, Nov 12] On the face of it, the now rejected “Tulip” tower ticked a lot of planning boxes. In particular, it was within the “City Cluster”, the area designated by the City of London as suitable for skyscraper developments and at 305 metres tall, it would certainly [...]
Cheat sheet: The sleaze scandal gripping Westminster November 15, 2021 Owen Paterson and Sir Geoffrey Cox are in good company in the sleaze scandal. For allegations of lobbying, please welcome Ruby MP Mark Pawsey, who as the chairman of a packaging lobby group has repeatedly tried to erode environmental laws. His motto? “It is not the packaging manufacturer that is the polluter – people are”. [...]
City’s new Lord Mayor will be a much-needed Square Mile champion November 15, 2021 As we move towards guarded optimism that we really might be over the worst of the Covid-19 pandemic, that cheery outlook is increasingly not being matched by economic data. Today two surveys suggest confidence is faltering, as supply chain issues and staffing shortages begin to be felt. Another look at pub takings suggest we’re not [...]
Uber’s model was rife with flaws but the gig economy deserves saving November 15, 2021 It has been less than ten years since Uber started operating in London. In that short time, the ride-hailing service has transformed the way many urban dwellers think about their transportation needs and their expectations of connectivity. By the beginning of 2020, just before the pandemic, Londoners took it for granted that Uber—or Bolt Kapten [...]