Lloyd’s chair John Nelson has issued a warning to Theresa May, demanding a cohesive government approach to Brexit September 5, 2016 The chairman of Lloyd's of London has issued a warning to Theresa May over Brexit, demanding a cohesive government approach. Speaking at the Lloyd's City Dinner tonight, John Nelson said: "If we are not able to access the single market, either through passporting rights or other means, the inevitable consequences for Lloyd's – and indeed other [...]
Next week’s junior doc strike called off September 5, 2016 The British Medical Association (BMA) has called off next week’s planned five-day strike over new contracts due to concerns over patient safety. Future dates planned for October, November and December will still go ahead unless the government calls off its plans to impose the new contract from next month. The walkout – which was only announced [...]
The two Morgans now believe the UK will avoid a Brexit recession September 5, 2016 The UK was given another shot in the arm today, as two leading investment banks hiked their forecasts for economic growth. After suffering its sharpest fall since the financial crisis in the wake of the referendum, the services purchasing managers’ index (PMI) soared from 47.4 to 52.9 in August, smashing expectations on the index where [...]
Private health market will not get treatment September 5, 2016 London's private healthcare market will not be subjected to further remedies, the Competition and Markets Authority (CMA) has decided. The Competition Commission, a predecessor to the CMA, started a market investigation into private healthcare in April 2012, which reported in April 2014 and required HCA International Limited, the largest private hospital operator in central London, [...]
Sainsbury’s to install 20 Argos outlets in time for Christmas September 5, 2016 Sainsbury's is set to install another 20 Argos outlets inside its supermarkets in the latest move to integrate the two stores following Sainsbury's acquisition of Argos-owner Home Retail Group (HRG). The supermarket giant completed the £1.4bn takeover of HRG, which also owned Homebase until earlier this year, at the end of last week, after being given the green light [...]
Ratings agency Standard and Poor’s to judge firms on climate change credentials September 5, 2016 Ratings agency Standard and Poor's (S&P) is gearing up to launch a new set of financial tools to allow investors to monitor the impact of their green investments and check how environmentally friendly big firms are. S&P has today unveiled plans for a "green bond evaluation tool … to analyse and estimate the environmental impact of [...]
HM Revenue & Customs (HMRC) rakes in £3bn by getting people to cough up early in investigations September 5, 2016 The taxman has bagged itself billions under recently introduced rules which allow it to force those currently under investigation to hand over the disputed tax in advance, it has been revealed today. Since the Accelerated Payment Notices (APN) rules were introduced in 2014, HM Revenue & Customs (HMRC) has issued 60,000 such notices to bring in £3bn earlier than [...]
Brexit is a chance for London to renew itself once again as a great global city September 5, 2016 London is a phoenix-like city. It has reinvented itself time and again, rising from the Great Fire, the Plague and the Blitz. Compared to those, Brexit is a mild cold. The capital now needs to renew itself once again. It produces 22 per cent of the UK’s GDP and 30 per cent of its tax [...]
Taxman sets up last chance saloon for those with hidden wealth offshore September 5, 2016 HM Revenue & Customs (HMRC) has today launched an online disclosure facility, aimed at those with outstanding tax liabilities from offshore wealth. The Worldwide Disclosure Facility (WDF), which was announced in the 2015 Budget, will offer no special deals to those who come forward but will be the last chance for people to come clean before a [...]
The London option: Britain’s EU deal must guarantee our city’s business pre-eminence September 5, 2016 In my last piece for City A.M., just 10 days after the referendum, I said that, by working together, we can keep London open for business and leading in the world. Over the past nine weeks, I’ve been meeting as many business leaders as possible, across all sectors, from startups to global corporations. Sadiq Khan and I [...]