Treasury minister trumpets City of London resilience post-Brexit May 4, 2021 City minister John Glen has trumpeted the City of London’s ability to adapt post-Brexit, saying there has only been a “modest” amount of jobs lost since the 2016 referendum. Glen said a great number of “journalists and academics” had been proved wrong about the expected mass movement of jobs from the City to other European [...]
‘I’m somebody who enjoys winning’: Sadiq Khan plots out a second mayoral term May 4, 2021 If the polls are to be believed Sadiq Khan will win Thursday’s mayor of London election by a record margin. Khan’s 20+ point lead has never slipped and his opponents have never laid a glove on him, despite having an extra year of campaigning thanks to Covid. The Labour incumbent has ran an energetic and [...]
Brussels recommends member states block UK from Lugano Convention May 4, 2021 The EU Commission has recommended that the EU does not give consent for the UK to join the Lugano Convention, an international legal pact. In an update today, the EU Commission said the Convention was designed to support third countries with particularly close regulatory integration with the EU, including being aligned with part of the [...]
Exclusive: Sadiq Khan confident ‘boomerang Londoners’ will return post-pandemic May 4, 2021 Sadiq Khan has said he is confident that most of the estimated 700,000 foreign-born workers who have left London since the end of 2019 will return as the UK sheds its Covid restrictions. Khan told City A.M. in a long-ranging interview, to be released in full later today, that these were “boomerang Londoners” who would [...]
Mayor of London election: Where do the major candidates stand on transport? May 4, 2021 With the 6 May mayor of London election now just weeks away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at the transport policies of the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan Khan said he [...]
Government spends £624m on consultancy contracts during pandemic May 4, 2021 The government has awarded contracts worth at least £624m to private firms for consulting, marketing and research purposes during the pandemic, despite criticism it has been too reliant on private firms during the crisis. In total some £30.2bn in contracts have now been awarded by the UK government in response to Covid-19, the latest figures [...]
Hong Kong working on ‘fake news’ laws to curb ‘misinformation’, Carrie Lam says May 4, 2021 Hong Kong’s leader Carrie Lam has confirmed today that her government is working on “fake news” legislation, to curb “misinformation, hatred and lies” in the city, as concerns grow over media freedoms. Since Beijing imposed the controversial national security law in 2002, Hong Kong has taken an authoritarian turn, which has forced new bouts of [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 | City Talk “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
Former MP Luciana Berger joins Cazoo’s ESG board May 4, 2021 Online used-car retailer Cazoo has appointed former MP Luciana Berger to its board, once its $7bn merger with AJAX has been completed. Joining as a non-executive director, Berger’s political career last saw her as the Liberal Democrat shadow spokesperson for health, social care and wellbeing in 2019. Currently managing director of advocacy and public affairs [...]
Mayor of London election: Where do the major candidates stand on housing? May 4, 2021 With the 6 May mayor of London election now just weeks away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at the housing policies of the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan The most high [...]