Exclusive: Record £38bn in tax by self-employed shows HMRC’s ‘peak leniency has passed’ September 23, 2021 The amount of income tax paid by self-assessment taxpayers has jumped 31 per cent to hit a record £38bn in the past year, up from £29bn the previous year, according to an analysis of HMRC tax receipts that was shared exclusively with City A.M. today. The boom in tax revenues from the self-employed is because [...]
Google partners with Prince Harry’s eco-tourism charity September 23, 2021 Prince Harry’s eco-tourism charity has begun a partnership with Google, in its bid to get the industry to better align with sustainable travel. Travalyst, which launched in 2019, aims to offer tourists more sustainable options when travelling. “The Travalyst Coalition strives to leverage its collective reach and help drive mass adoption of sustainability standards,” Travalyst [...]
Drill, baby, drill: Arctic set for £230bn oil and gas bonanza with JPMorgan, Barclays and Citi piling in September 23, 2021 Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City A.M. this morning. The main Arctic expansionists – Gazprom, Total and ConocoPhillips – are backed by hundreds of billions of pounds from dozens of City [...]
City of London exec: Hybrid working is here to stay and the Square Mile will adapt September 23, 2021 The new flexible ways of working are here to stay – and the City will adapt, the chair of City of London Corporation’s planning and transportation committee, Alastair Moss, has said. Championing the fresh approach to working life in the capital, Moss urged that although employees are seeking a better work-life balance, City office spaces [...]
Khan on climate: ‘We either take bold action now or face the consequences’ September 23, 2021 “London is at a crossroads,” London mayor Sadiq Khan is expected to say later today, as climate change can bring both flooding and soaring temperatures to the capital as extreme weather increases. In an address ahead of COP26 in November, Khan is set to warn that “time is running out” to meet the requirements of [...]
Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 The City of London’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City A.M. today. The City of London and [...]
City Moves: Who’s switching jobs in the Square Mile today? September 23, 2021 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. Savills adds two to Super Prime London team Savills has added two new hires to its Super Prime London Residential Development Sales team at its headquarters on Margaret Street, who both previously worked for the estate agency. [...]
Lord Mayor calls on financial regulators to focus on innovation and sustainability September 22, 2021 | City Talk Lord Mayor of the City of London, William Russell, will tonight (22 September) deliver a speech at the City Dinner at The Mansion House to an audience of senior regulators and representatives from across the financial and professional services industry. Lord Mayor William Russell will speak alongside Sam Woods, Deputy Governor of the Bank of England [...]
Sadiq Khan and London Assembly to be left ‘homeless’ as Crystal not ready for City Hall move September 22, 2021 Sadiq Khan and the 25-member London Assembly will be left temporarily “homeless”, after it was confirmed the Crystal will not be ready to become the new City Hall when the current lease runs out. Greater London Authority staff were today told they will have their offices moved to Union Street in November when the lease [...]
City boosts climate action commitment by joining Race to Zero and UK 100 September 22, 2021 | City Talk The City of London Corporation has strengthened its commitment to climate action by signing up to the Race to Zero campaign and UK100 network. The announcement will be made at the Green Horizon Perspectives event this afternoon as part of the Square Mile governing body’s radical strategy to tackle climate change. These commitments will help [...]