Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]
Green light given for new Tower Hill sustainable tower as demand for office space rebounds October 19, 2023 The green light has been given for a new sustainable office building in Tower Hill, as demand for space in the Square Mile continues to rise.
Square Mile to position London as major hub for global sports federations October 18, 2023 The City of London Corporation will today set out plans to turn the Square Mile into a hub for domestic and international sports bodies as the group unveils its “A Global City of Sport” strategy. There are a number of domestic organisations, such as the England and Wales Cricket Board and the Football Association, who [...]
Slow progress on sexism in the City as women still ‘battling’ to the top, MPs told October 17, 2023 Limited progress has been made on tackling sexism in the City of London, with women still “battling their way to the top”.
Ministers ditch City reporting overhaul after backlash against more red tape October 16, 2023 The government has ditched its own plans to introduce burdensome new reporting requirements to UK companies today amid concerns over the amount of red tape tangling up British firms.
Susan Hall: ‘I admire Sadiq Khan for not complaining about Islamophobic hate’ October 13, 2023 Susan Hall has said she “admires” Sadiq Khan for the way he handles the “dreadful Islamophobic abuse he gets”. The Conservative candidate for the race to lead City Hall made her comments to a business audience this week, saying the “best thing” about the mayor of London was he “doesn’t complain” about potential risks to [...]
Apprentice winner Tim Campbell helps City celebrate rising stars at Dragon Awards October 12, 2023 Former Apprentice winner Tim Campbell helped celebrate the next generation of entrepreneurs this week at the Lord Mayor’s prestigious annual Dragon Awards. The businessman and emerging right-hand man of Lord Sugar was pictured with six winners who were recognised for their work on inclusion, social responsibility and improving financial literacy. Speaking after the awards ceremony, [...]
The City sees the Tories as a ‘bigger risk to business’, says Reynolds October 8, 2023 The Conservative Party is seen by many people in the City “as the bigger risk to the business community”, Labour’s Jonathan Reynolds told City A.M.
Outgoing City of London Lord Mayor Nicholas Lyons will return to Phoenix Group as chair October 4, 2023 The outgoing City of London Lord Mayor Nicholas Lyons will return to insurance giant Phoenix Group as chair, when his term ends next month. Lyons will resume his role with FTSE100 pension firm following a sabbatical for his mayoralty, which ends in November. He will be made chair of the board of directors on 1 [...]
Brexit not end of the City, Badenoch to insist October 2, 2023 Brexit is not the end of the City of London, Kemi Badenoch is expected to say in a speech at Conservative Party conference. Business and trade secretary Badenoch is set to rail against critics “relentlessly wanting to talk down our country” and will claim: “Our political opponents are obsessed with viewing every problem as Brexit.” [...]