Brexit gives us the chance to refit our financial regulation for the 21st century February 17, 2021 Britain’s departure from the European Union has created a unique opportunity to re-shape our regulatory framework for financial services; setting the sector up for continued success in the years to come and maintaining the UK’s position as a globally competitive financial centre. With Brexit complete – and many regulatory powers returning to the UK for [...]
Another City skyscraper approved ahead of planning brouhaha February 16, 2021 Another skyscraper is coming to the City of London, with a 33-storey building set to be built at 70 Gracechurch Street. Developers Tenacity – who last month received approval for a similar size development at 55 Gracechurch Street – received the thumbs up from the City Corporation Tuesday lunchtime. It is another welcome vote of [...]
City’s gargantuan tax receipts should never be taken for granted in Whitehall February 15, 2021 By any standards, 2020 was an unprecedented year for businesses and households alike. The uncertainty around our future relationship with the EU and the long shadow cast by the COVID-19 pandemic posed challenges not seen since the second world war. Even with the vaccine rollout well underway, the road to recovery remains uncertain with significant [...]
The City takes fresh Brexit hit as carbon futures trading heads for Amsterdam February 9, 2021 Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night. The move is another setback for The City and the latest sign of activity leaving London for the bloc following Brexit. The City has been largely cut off from the EU since 1 January, [...]
Is central London finished? International investors think otherwise February 9, 2021 It is a strange experience going into central London right now. Areas that are normally bustling with crowds or chaotic with commuters lie still – even Pret A Manger has reduced its menu and opening times. Those who live outside of Zone 1 and for whom memories of maroon coffee cups, the underground and the [...]
Square Mile launches rapid Covid test site for City workers February 4, 2021 The City of London Corporation has opened a rapid Covid test site for workers in the Square Mile who do not have coronavirus symptoms to get tested once a week. The site on 80 Leadenhall Street, launched in partnership with the NHS, will allow City workers still going into the office and people living in [...]
City of London lobby urges EU to grant UK financial services firms widespread access to its markets February 2, 2021 The City of London’s most influential lobby group has urged Brussels to grant Britain’s finance sector wide-ranging post-Brexit access as talks between the UK and EU on financial services continue. The CityUK today called for the EU to grant regulatory equivalence to the sector, while also calling for the UK government to provide more clarity [...]
City of London chief: Brexit impact ‘not at all catastrophic’ as Square Mile will thrive without EU access January 27, 2021 Brexit’s impact on London’s loss of financial business has not been catastrophic, the chief of the City of London Corporation said this morning. Catherine McGuinness, political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access. London has endured business and job losses since the [...]
New Skyscraper approved for City of London January 26, 2021 A new 30-storey skyscraper has been approved on 55 Gracechurch Street in the centre of the City of London. The new building, which the City of London Corporation has granted planning permissions for, will be located between Monument station and Leadenhall Market. It will include social and breakout zones, and the building’s floorplan will offer [...]
Innovation is why London is ahead of New York, Hong Kong and Frankfurt as world’s financial capital January 25, 2021 Innovation is why London is ahead of New York, Hong Kong and Frankfurt as a world's financial capital