Cost of buying first home in London more than doubles over last half century June 26, 2021 Today’s first-time-buyers in London have to pay two and a half times as much for their first home as they did five decades ago, according to new research. A report published by the Resolution Foundation today shows the cost of purchasing a first home with a mortgage in the capital was £212,000 in 1974 – [...]
London has the lowest carbon per capita emissions of any region in the UK June 25, 2021 London has the lowest carbon per capita emissions of any region in the UK, according to the latest government figures released today. The government’s breakdown of territorial CO2 emissions in all 379 UK local authorities showed that London’s high poopulation density, the urban nature of its transport system and its lower level of industrial facilities all contributed to its low [...]
Pandemic pushes pay raise and promotion anxiety among workers June 25, 2021 The pandemic has stood in the way of employees seeking pay raises and promotions, studies suggest, as lockdowns have knocked personal confidence and rocked company budgets. A survey shared with City A.M. by Love Energy Savings, which polled 1312 UK employees, found that one in three people are less comfortable asking for a pay increase post-pandemic, compared to [...]
Half of employed adults in the UK commuting to work again June 25, 2021 Brits are making a gradual return to the office, as around half of all UK working adults travelled to their place of work in the last two weeks, new data from the Office of National Statistics (ONS) showed today. The proportion of working adults who commuted to the office last week reached 49 per cent, [...]
Staffing crisis: Exodus of junior bankers as burnouts force 70 per cent to quit June 25, 2021 Severe workloads are contributing to mass burnout among junior bankers, prompting many of them to quit their job, new figures reveal. Up to 70 per cent of analysts and associate teams left their role at banks and financial institutions in recent months, despite firms stepping up their efforts to retain young talent. Firms have offered [...]
Bow Lane: Party time in EC4 as City celebrates return of office workers June 25, 2021 To celebrate the return of office workers to the Square Mile, the Bow Bells Association organised a street party yesterday in one of the oldest streets in the City, Bow Lane. Opened by the Lord Mayor Alderman William Russell, together with Bow Bells Association chairman James Goolnik, the Bow Bells sounded to start the party, [...]
Flag flies over Guildhall to celebrate role of UK Armed Forces June 25, 2021 | City Talk The Armed Forces flag is flying over the City of London Corporation’s headquarters today – to mark a national celebration of the UK’s servicemen and women. The flag was raised at Guildhall during a week of events across the country ahead of Armed Forces Day on Saturday (26), which this year includes a focus on [...]
Exclusive: Business chiefs call for long-term TfL funding to support return to work June 25, 2021 The government must agree a sustainable long-term funding deal for Transport for London (TfL) to help support the capital’s post-pandemic recovery, business chiefs have urged. In a new report seen by City A.M., lobby group London First said maintaining public transport services in the capital was “vital” in rebuilding confidence and supporting the shift to [...]
Over 500 privately owned e-scooters seized by London police last week June 25, 2021 Hundreds of London’s e-scooter riders had their equipment seized by police last week, as the capital’s e-scooter scheme has swayed many private owners to take to the roads. The Metropolitan Police said its officers confiscated 507 of the tech-transport devices during “proactive patrols” across London’s boroughs. Transport for London (TfL) began trialling the e-scooters as [...]
UK credit score giant Clearscore heading for unicorn status after $200m Invus injection June 24, 2021 Clearscore, a free-to-use credit check company based in London, has reportedly accepted a $200m (£144m) investment from US-based fund Invus Opportunities. As reported by Sky News, the deal values the company at $700m (£503m), placing it on track for unicorn valuation. The company plans to use the funding to grow its staff numbers, product offerings [...]