Young, female, living in London: Who are the millions of people in the capital struggling to make ends meet? March 29, 2022 Five million working people now face the prospect of being unable to meet their financial commitments, according to new research shared with City A.M. this morning. from Baringa, the business consultancy. In the wake of the pandemic and with inflation at a 30 year high, specific groups of workers, such as women and young people, [...]
City A.M. Awards 2022: Dealmaker of the Year March 29, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Post-Brexit City exodus fails to materialise as London drives recruitment bounce March 29, 2022 The mass exodus of workers from the City to the Continent after Brexit has failed to materialise, blowing gloomy forecasts about London’s place in the global finance community out of the water, reveals a fresh study published today. Finance firms based in the Square Mile have slashed the number of staff they were intending on [...]
Deliveroo goes for speed as it joins forces with WHSmith for new 20 minute delivery service March 29, 2022 Online delivery giant Deliveroo said this morning it will soon be able to deliver a raft of products, from printer cartridges to bestselling novels, to customers in under 20 minutes. The company has joined forces with WHSmith as it continues to expand further from its traditional takeaway delivery business. It is Deliveroo’s first major leap [...]
Exclusive: Support scheme for SMEs post-Covid has hit just 1 per cent of its target March 29, 2022 Rishi Sunak’s scheme to boost the productivity of British small and medium-sized enterprises (SMEs) post-Covid has hit just one per cent of its target since it was launched last July. The government wants 30,000 businesses to complete the Help To Grow management scheme – which offers subsidised business training – however just 402 SMEs have [...]
City A.M. Awards 2022: Accountancy Firm of the Year March 28, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
On HMRC’s radar: Number of ‘nudge’ letters for offshore income or gains shoots up to nearly 177,000 March 28, 2022 Information obtained from HM Revenue & Customs (HMRC) reveals that HMRC has to date issued nearly 177,000 so-called “nudge” letters in respect of offshore income or gains since they started the practice with less than a thousand in the 2016/17 tax year. This is thought to be the first time that HMRC has released public [...]
Sir Iain Duncan Smith: ‘Sub-crisis’ emerging as loan sharks capitalise on rising cost of living March 28, 2022 With more than 1m Brits in debt to predatory illegal lenders, a “sub-crisis” may emerge as soaring costs of living heap added pressure on those with fragile finances. Former Conservative leader and ex minister at the Department for Work and Pensions, Sir Iain Duncan Smith has been campaigning. But not for an election. The veteran [...]
A good Monday for two pandemic NHS workers as they hit the jackpot with £1m win March 28, 2022 Two friends from Northampton are waking up as rich Brits this morning after winning a half share of a £1m Lotto prize, which they originally thought was £1000. NHS workers Marion Wood, 60, and Michael Williams, 67, matched five main numbers plus the Bonus Ball in The National Lottery Lotto. Wood, who works at Northampton [...]
Weekend Read: Four is the new five as most workers push for four day week on same pay March 27, 2022 Three in four UK office workers prefer a four-day working week over five days, while offered the same salary with the same amount of work needed, according to a new report shared exclusively with City A.M. today. Individuals and some businesses have embraced diverse flexible working models over the past two-years, giving rise to the [...]
