Ex-Nationwide chairman emerges as leading contender for Bank of England watchdog role July 13, 2022 Former Nationwide chairman David Roberts has emerged as the frontrunner to lead the Bank of England's oversight board, reports Sky News.
City Moves: Who’s switching jobs in the Square Mile? July 13, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Actis Sustainable infrastructure investor Actis has poached its new head of central and eastern Europe from Allianz Capital Partners (ACP). Jaroslava Korpanec, who was a founding partner at ACP, also joins the firm as a partner, leading [...]
BT set to nearly double in-house digital talent in the UK and India July 13, 2022 BT announced plans to nearly double its in-house digital talent across the UK and India this morning, growing to 6,300 people by 2024.
Create investment boosting tax system to end economic malaise, CBI chief urges Tory leadership hopefuls July 13, 2022 Creating a tax system that boosts business investment to lift the UK out of its growth malaise is the only way to solve the country’s economic stagnation. That’s according to the chief of the Confederation of British Industry (CBI), the country’s largest business group. In an open letter to Conservative leadership candidates published today, Tony [...]
Lost decade of growth leaves Brits nearly £9k worse off than French and Germans July 13, 2022 Anaemic economic growth since the financial crisis has left the average UK household £8,800 worse off compared to families in Germany and France and other comparable countries, reveals a study published today. Widening income gaps between Britain’s poorest and richest, compounded by flatlining productivity growth since the financial crisis, has led to families missing out [...]
Government braces to fund ‘substantial’ number of Covid-19 vaccine liabilities July 13, 2022 The government is bracing to fund a “substantial” number of liabilities relating to negative impacts from Covid-19 jabs, having spent more than £34bn on the vaccine rollout so far. The Department of Health and Social Care told vaccine manufacturers at the start of the programme that it would cover future claims against producers for [...]
Chicago Mayor: Brexit could be ‘real opportunity’ to forge closer ties with London July 13, 2022 The Mayor of Chicago said Brexit could be a “real opportunity” to forge closer ties with London today as she looks to court fintech firms on a trip to the Capital this week.
TSSA urges Network Rail to ‘wake up’ after latest pay package proposal falls short of expectations July 12, 2022 TSSA has urged Network Rail to "wake up" following the latest pay offer, which it has slammed as "well below" expectations.
‘I am just a regular guy’: Michael Gove rejects Downing Street’s ‘snake’ label July 12, 2022 Former government minister and Tory heavyweight Michael Gove has denied that he is a “snake” after being described as such by No 10 sources after being sacked as communities secretary by Boris Johnson last week. The Prime Minister dramatically fired Gove last Wednesday after his Cabinet rival told him that it was time for him [...]
Thick black smoke seen over central London as 125 firefighters tackle blazing fire at Trafalgar Square pub July 12, 2022 Firefighters have been tackling a blaze in the basement of a pub near Trafalgar Square in London on Tuesday evening, with thick black smoke seen stretching over the centre of the capital. The London Fire Brigade confirmed on social media that 20 fire engines and around 125 firefighters are still dealing with the blaze. Around [...]