Letters: Keep your clubs to yourself August 16, 2022 [Re: Love them or hate them, private clubs are part of the City’s culture, August 12] You describe the Groucho Club as having “more than a dash of progressive ideals and sprinkling almost utopian visions” – champagne anyone? This is implicitly contrasted with the Garrick Club, which you consider should see the error of its [...]
Letter: FCA starts a race against time August 8, 2022 [Re: FCA reveals major consumer regulation shake-up but delays deadlines after industry protest, July 27] The three-month extension for financial services firms to implement the FCA’s new Consumer Duty requirements is something of a double-edged sword. While extra time has been welcomed by the industry, it may have overshadowed a more pressing part of the [...]
Letters: Ripple through the economy August 5, 2022 [Re: Brits face jump in interest payments of £1.67bn, yesterday] A rate rise will have ripple effects for the wider economy, with commodities prices falling sharply as demand dips. As the global economy slows down and central banks execute tighter monetary policy in conjunction with a gloomy picture emerging from China – the biggest commodity [...]
Letters: Football triumph must go deep August 4, 2022 [Re: England Women set for sponsorship offers after Euros success turns Lionesses into stars, August 2] As a footballer myself, I was especially delighted to see England win the Euros this weekend; such an incredible inspiration for everyone to see how the game has come on in the last decade. All eyes will now be [...]
Letters: An Israeli flavour of tech success August 3, 2022 [Re: UK in talks with Israel for post-Brexit trade deal as £34bn contract up for grabs, July 20] A new trade deal between Britain and Israel, focusing on the enormous potential in the latter’s services industry, will augment the UK’s booming tech scene through competition. The Israeli tech ecosystem, with over 6,000 active start-ups, is [...]
Letters: You can’t always be everything July 28, 2022 [Re: A recession will tempt firms into short-term cuts, July 6 ] Mass job losses continue to take place across the tech industry. While it’s easy to blame external factors, such as the lasting impact of the Covid-19 pandemic, macroeconomic challenges and a difficult fundraising environment, an important strategic factor has been largely ignored – [...]
Letters: Data-first green plans July 25, 2022 [RE: ESG faces reckoning after being ‘hijacked’ by marketeers, EY sustainability chief warns] ESG faces reputational risk, following several cases of marketers making unsubstantiated claims. But most organisations truly want to do good. The problem isn’t just deceptive markets, it’s companies lacking the data tools. It’s not hijacking, it’s inability. Take third-party ESG ratings. One [...]
Letters: Sharing the fraud blame July 21, 2022 [Re: Zahawi to outline plan to change EU’s City rules, July 18] The Financial Services and Markets Bill is a welcome step to help Authorised Push Payment (APP) fraud victims. But the onus on reimbursing fraud victims cannot be placed solely on banks. This fraud doesn’t happen in siloes. Other actors need to be incentivised [...]
Letters: Who gets a vote, anyway? July 20, 2022 [Re: The dizzying tax promises of the Tory campaigns aren’t enough for the City, July 18] The dizzying tax promises as Eliot Wilson calls them are geared towards the Conservative members who are a unique group of people who should not be given a mandate to pick our next Prime Minister. Who gave them the [...]
Letters: Throwing money at the problem July 19, 2022 [Re:War for talent swells new starter City pay packets, yesterday] Competition for talent is at fever pitch, and strong competition among City law firms has led to pay packages for the newest lawyers reaching dizzying heights at some of the US giants. However, with an economic slowdown potentially on the cards and existing employees disgruntled [...]