City chief to warn UK has become ‘allergic to risk’ February 12, 2025 The UK has become “allergic to risk”, the antidote to which “can’t come soon enough”, the City of London’s policy chair will warn in a speech today. Speaking at an annual jamboree on City policy, Chris Hayward will call for a cultural overhaul of how politicians and regulators perceive risk, and propose a slew of [...]
City of London seizes dockless e-bikes in Lime and Forest crackdown February 10, 2025 The City of London Corporation has seized more than a hundred dockless e-bikes as part of a crackdown against operators’ Lime and Forest. The Square Mile’s local authority said it had confiscated bikes that were found to have obstructed or caused immediate danger to others, over a two-week enforcement period. The bikes were stored in [...]
‘Not a second to waste’: City of London calls for action to back up Reeves plans January 29, 2025 The City of London has warned the government there “isn’t a second to waste” in pushing through its growth plans today after the Chancellor Rachel Reeves set out proposals designed to kickstart investment into the economy. In a speech in Oxfordshire, Reeves looked to reset the government’s economic agenda in a speech which committed to [...]
Pension industry backs Reeves’ £160bn investment drive January 28, 2025 The pensions industry has said it is willing to back the Chancellor Rachel Reeves’ plans to unlock up to £160bn in corporate surpluses if retirees are given “appropriate protection” by the government. Reeves and the Prime Minister Keir Starmer are set to meet with business leaders in the City of London today to outline pension [...]
City grandees call in small firm specialists to ease London AIM exodus January 27, 2025 The group of City grandees lobbying for reform of the UK’s capital markets has bolstered its team with two small-company-focused executives today, signalling a push from the body to address the crisis gripping the UK’s junior stock market AIM. The Capital Markets Industry Taskforce (CMIT), led by London Stock Exchange boss Julia Hoggett, said that [...]
Lord Mayor urges UK financial services to invest in risk management January 27, 2025 The UK’s financial services need to be investing in risk management roles to maintain the City of London’s competitive edge, the Lord Mayor has warned. In recent years, the role of Chief Risk Officers (CROs) across the financial sector has evolved from a compliance-focused gatekeeper to a strategic partner in driving growth. New research from [...]
Scotland’s fintech hub is key to the UK’s growth mission January 27, 2025 I may be the cheerleader-in-chief for the City of London, but there's a lot we can learn from Scotland too, writes Lord Mayor Alastair King.
Marlborough Sports Garden: A £5m project to boost the City January 25, 2025 Marlborough Sports Garden in Southwark is a crucial space for Londoners. Looking to raise £5m for an inspiring development, why should the City get involved? Hyacinthe Loyson, a French preacher from the mid 1800s, is described by historians as one of the early users of a phrase that continues to be recited today. “Good people [...]
If the Chancellor wants growth she must restore business confidence January 24, 2025 Confidence is fundamental to how businesses choose to invest and grow and at the moment it’s poor. If the Chancellor wants to turn this around she must listen to the City, says Sir Michael Snyder With the UK economy in the spotlight amid rising bond yields, high national debt, concerns over inflation and rising taxes, [...]
Elizabeth Line has helped create 400k jobs in and around London January 10, 2025 The area around the City of London’s Liverpool Street Station has been one of the biggest benefactors of the new Elizabeth Line research shows. London’s most popular route has carried more than 0.5bn passengers since its inception. Fresh figures from Transport for London (TFL) and Arup show Crossrail has helped create thousands of new jobs by [...]