Billions could be added to regional economies by tackling skills gaps June 28, 2021 | City Talk New research suggests that addressing skills gaps within the financial, professional and business services (FPBS) sector could boost its yearly output to levels 12% larger than those observed today, equivalent to £38bn annually by 2038, with much of these gains helping to support regional levelling-up across the UK. The report, ‘Skills for future success’, from [...]
Police arrest 12 ahead of weekend of London protests June 26, 2021 Police have made 12 arrests and confiscated equipment ahead of a big weekend of planned protests in London. The Met is braced for a string of protests across the capital this weekend, including ant-lockdown and climate change demonstrations. Officers carried out raids on three locations in London yesterday, including a warehouse used by Extinction Rebellion. [...]
East London: Homes damaged as tornado rages through Barking and Dagenham June 26, 2021 Homes have been damaged amid reports of a tornado in east London last night. Footage shared on social media showed collapsed garden walls, bricks strewn across driveways and fallen tree branches scattered across the road in Barking on Friday. Police said they were called at about 7.20pm to reports of damage to roofs, electrical equipment [...]
Weekend Read: Fostering a company culture in a hybrid world June 26, 2021 After three lockdowns, more than a year of home working and an unprecedented vaccine rollout, firms of all sizes are slowly, cautiously, reopening and welcoming staff back to the office. But this mass return to the traditional workplace will be tough for managers and leaders on a number of levels. Motivation levels may be low, [...]
Covid: London launches ‘grab a jab’ campaign for over-18s June 26, 2021 Arsenal’s Emirates Stadium is among a string of locations across London that has opened for walk-in vaccinations as part of a major ‘grab a jab’ campaign. More than 60 pop-up centres, including many walk-in locations, are opening this weekend for all over-18s. Sites range from community hubs such as the Al Birr Mosque in Leyton [...]
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 [...]