Footfall shrinks despite summer sun thanks to post-Bank Holiday blues June 14, 2021 Despite the UK being blessed with summer sun, footfall across all UK retail destinations last week was 18.4 per cent below 2019 levels. Meanwhile, Greater London has been hit by a 19 per cent drop in football, in comparison to highstreets the year before the pandemic, according to retail traffic counter Springboard. But in comparison [...]
Londoners most likely to work from home as uptake increases, ONS says June 14, 2021 Londoners are the most likely to work from home, the Office of National Statistics said this morning, as the proportion of the UK’s workforce opting for remote working swells. Workers who did any work from home in 2020 increased to 37 per cent on average from 27 per cent in 2019, according to the ONS’s [...]
Mortgages grow pricier than London rents for first time in four years June 14, 2021 With London rents diving amid a pandemic-induced city exodus, it is now cheaper to rent in the capital than own a home for the first time in four years. According to analysis by real estate agent Hamptons, city dwellers’ in rental accommodation are £251 better off following monthly payments than homeowners dishing out their mortgage repayments. [...]
Will rapid delivery apps maintain post-pandemic momentum? June 12, 2021 Since the pandemic began, a slurry of quick delivery apps have emerged with the same promise to deliver food within 30 minutes, while the pandemic made supermarkets an even more costly chore. The pandemic pushed the pedal on rapid delivery apps like Weezy, Dija, Getir and Gorillas – a sector where a huge amount of [...]
London Ambulance Service lead’s admit it has ‘a long way to go’ on discrimination June 11, 2021 The London Ambulance Service has “a long way to go” to make sure its black and ethnic minority staff are not discriminated against, LAS leaders said today. LAS chairman Heather Lawrence said the organisation, where nearly one in five staff are from minority communities, is “not delivering” on fair treatment. Lawrence’s comments follow a workforce survey [...]
BoE and BIS launch London banking hub for post-pandemic tech boom June 11, 2021 The Bank of England (BoE) and Bank for International Settlements (BIS) have launched a London coordination hub today, that seeks to coordinate central banks on technological innovation. The BIS Innovation Hub London Centre, the fourth new BIS Innovation Hub in two years, will help banks in the era of digital acceleration post-pandemic. “The UK is [...]
Sanne Group and Cinven enter talks after £1.42bn bid June 11, 2021 London’s Sanne Group has entered into talks with Cinven after the private equity firm made a sweetened offer of £1.42bn to buy the asset management services provider. The asset services firm’s board confirmed this morning that it has received a fifth proposal from Cinven, which includes a possible all cash offer at a price of [...]
Exclusive: Government says return to the office is up to ‘personal discretion’ when restrictions ease June 11, 2021 A government minister has told City A.M. it will be up to “personal discretion” whether businesses return to the office after 21 June, as it remains unclear if the ‘work from home’ message will be scrapped as originally planned. Small business minister Paul Scully said that “personal discretion is the key thing” when it comes [...]
£333m Brexit deal: UK agrees annual fishing quotas with EU June 10, 2021 The UK has today agreed its annual catch limits for the fishing industry with the EU, in a deal which the government said was worth £333m. As a result of leaving the bloc, Britain will have to renegotiate its fishing quotas independently every year. UK fisherman will be able to catch around 160,000 tonnes of [...]
London Calling: Why we back the City June 10, 2021 | Sponsored London remains one of the preeminent financial centres of the world. For some this statement is an outdated notion which forgets the turmoil of recent years. Brexit, relatively unstable governments, and the pandemic have all contributed to a misplaced sense of decline. However, for all the drama of the past few years, if you step [...]