No property policies: Lack of housing ideas from Truss and Sunak branded ‘deeply alarming’ July 24, 2022 Rishi Sunak and Liz Truss need to put tackling the housing crisis at “the top of their list” if they become Prime Minister, a major housing association told City A.M. this morning. The National Association of Property Buyers said a whole generation of people faced being unable to own or rent a property due to [...]
Half of all Brits need extra money to get by so millions are scrambling to find additional sources of income July 24, 2022 As the cost of living crisis continues, over 30m Brits have been forced to seek an additional source of income due to the pinch on their finances. Shockingly, this is a staggering 65 increase in just four months, since February this year, according to new research shared with City A.M. this morning. Younger people are [...]
WHO declares monkeypox global emergency as now spread across more than 70 countries July 23, 2022 The World Health Organisation (WHO) has declared monkeypox a global emergency, as the disease has now spread across more than 70 countries. The move could lead to increased investment in treating the illness, as it now requires a coordinated global response. According to Michael Head, senior research fellow in global health at Southampton University, the [...]
Travellers warned of another ‘very busy day’ at Dover as Truss calls on France to act July 23, 2022 Dover authorities have warned travellers to expect another “very busy day” at the port, as around 10,000 cars are to be processed today. “Yesterday we processed about 8,500 cars going out,” chief executive Doug Bannister told BBC Radio 4’s Today programme. “Today we were predicted to be around 10,000 so it is going to be [...]
Insolvency Service writes to Greensill’s execs as part of investigation July 23, 2022 The Insolvency Service has written to Greensill’s executives as it investigates whether to disqualify them as company directors. The agency sent questions to Greensill’s founder Lex Greensill and another former colleague, Sky News’ Mark Kleinman reported. Former chairman Maurice Thompson and former finance director Neil Garrod might also have been contacted. “As part of our [...]
Sunak ‘the underdog’ hits out at ‘forces that be’ backing Truss July 23, 2022 Rishi Sunak has labelled himself as the “underdog” in the Tory leadership race, hitting out at the “forces that be” backing rival Liz Truss. “The forces that be want this to be a coronation for the other candidate,” the former Chancellor said during a speech in Grantham. “But I think members want a choice and [...]
Long overdue: TfL reviews government funding proposal July 23, 2022 Transport for London (TfL) is currently reviewing a long-term funding proposal put on the table by the Department for Transport (DfT) yesterday. The move comes just a few days before the latest short-term extension from central government was coming to an end. “I’ve put a long-term settlement on the table to ensure services are supported [...]
Hybrid capital: London takes world’s number 1 spot as global hub for remote workers July 23, 2022 London is the top city in the world for global, remote workers, followed by Toronto and Buenos Aires. The UK is home to the most organisations hiring global, remote working in the EMEA region, followed by Germany and France, respectively. The first half of this year saw a 154 per cent increase in UK employers [...]
Liz Truss promises post-Brexit bonfire of EU rules that hinder UK growth July 22, 2022 Tory leadership candidate Liz Truss has vowed to seize the opportunities posed by Brexit by scrapping EU regulations that hinder the UK’s growth. The Conservative MP said that if she becomes prime minister, she will scrap any EU rules that hinder investment or fail to support growth in the UK economy by 2023. If Truss [...]
EXCLUSIVE: Revolut’s UK risk and compliance chiefs quit in slew of senior resignations July 22, 2022 Revolut has been hit by a slew of resignations from its UK regulatory and compliance chiefs in the past weeks amid heightened tensions with regulators and delays to the firm’s banking licence, City A.M. has learned.