Sadiq Khan warns against Westminster ‘anti-London agenda’ January 17, 2020 Sadiq Khan urged Labour and the Conservatives to ditch their “anti-London agenda” in a speech to City grandees last night. The speech, at the City of London Corporation’s London government dinner, hit out at Boris Johnson’s plans for “re-balancing spending away from London and towards other parts of the country”. However, the Tories weren’t the [...]
Flybe rescue secrecy is absurd January 17, 2020 So much for open government. It shouldn’t be too much to expect the ministry responsible for the public finances to disclose the potential liability to taxpayers of a private company bailout. Yet in the Treasury’s statement about the government-backed rescue of the regional airline Flybe this week, there was scant detail and even fewer numbers. [...]
City Moves for 17 January – Who’s switching jobs at Charlotte St Partners, Bird & Bird and Hassium? January 17, 2020 Today’s City Moves includes Charlotte St Partners, Bird & Bird and Hassium Charlotte St Partners Strategic communications advisory firm Charlotte Street Partners has appointed Sarah Buchanan-Smith as partner, based in the company’s London office. Sarah will focus on developing Charlotte Street’s financial communications and investor relations offering, with a particular emphasis on supporting new and [...]
Flybe or not to Flybe? This bailout flies in the face of market economics January 17, 2020 The philosophy of the market is based on the idea that the key to a prosperous economy is competition. Fair and vibrant competition, the argument goes, spurs businesses to improve quality and reduce prices, benefiting consumers and fuelling economic growth. Companies that struggle should be allowed to fail, making room for more agile or innovative [...]
DEBATE: Should Big Ben bong on 31 January to mark Britain’s exit from the EU? January 17, 2020 Should Big Ben bong on 31 January to mark Britain’s exit from the EU? Alex Deane, a Conservative commentator, says YES. Whether a bell rings at a certain time is a trivial thing. But it is symbolic, and symbols matter — to people, and to nations. Stymieing the ringing of a bell that rang two [...]
How to start your own business in 2020 January 17, 2020 As many of us embark on our new year’s resolutions to eat less and get fit, a good 20 per cent of us will be making plans to start a business. According to Companies House, 2019 was a record year for UK company registrations. An incredible 678,288 new businesses were registered. This is part of [...]
Do central banks have enough firepower to fight the next recession? January 17, 2020 By the end of 2019, the UK and US had achieved a decade recession free. That’s an impressive feat, but fears of a recession remain. In fact, those fears peaked last year due to worrying signals from financial markets. When the next recession does raise its head, it will be up to our central banks [...]
The landscape may have changed, but the purpose of finance remains the same January 17, 2020 In January 2007, I walked into my first day in a role at one the world’s leading global financial institutions with all the excitement that comes with a new job. Like many of those working in the industry at that time, I didn’t foresee the hurricane that was about to hit in the shape of [...]
UK retail sales decline knocks sterling lower January 17, 2020 UK retail sales fell in the “golden quarter” of Christmas trading, the latest statistics showed today in a further sign of the challenges facing the British high street. In the three months to December 2019, the amount spent and the quantity bought in the retail industry fell 0.9 per cent and one per cent respectively, [...]
British Airways flights ‘more carbon intensive’ than competitors’ January 17, 2020 Flying with British Airways can increase CO2 emissions by as much as 45 per cent per passenger compared to rival airlines, according to an investigation. The snapshot analysis found that one passenger flying from Heathrow to Miami with British Airways would be responsible for 1.13 tonnes of carbon. The same journey with Virgin Atlantic is [...]