UK cases of Indian Covid variant double to nearly 7,000 in one week May 27, 2021 A total of 6,959 cases of the Indian variant of coronavirus have now been confirmed in the UK, Public Health England said. The figures are up to 26 May, and represent a rise of 3,535 on the previous week. The Government said a further 10 people had died within 28 days of testing positive for [...]
Global Britain: China overtakes Germany as UK’s biggest import market post-Brexit May 27, 2021 Germany is no longer Britain’s most important import market. For the first time since modern records began, the UK imported more goods from another country: China. During the first quarter of this year, the UK spend £16.9bn on Chinese goods, a jump of 66 per cent in the last three years, according to newly released [...]
Brexit: ECB to crack down on ‘desk mapping’ in London to drive more bankers and capital to the EU May 27, 2021 The European Central Bank is ramping up efforts to push more management and capital out of the City and Canary Wharf, into the EU. The central banking authority plans to scrutinise and crack down on so-called ‘desk mapping’ – or ‘back-to-back booking’ – to determine whether banks’ key staff, capital and book trades used by [...]
TfL pledges to make London world’s ‘most walkable city’, which could aid SMEs May 27, 2021 TfL has pledged today to make London the world’s ‘most walkable city’ and will programme 18 pedestrian crossings to show green walking signal until traffic approaches. The programmed crossings are set to prioritise people walking and will be installed by the end of next month. Six crossings have already been programmed in Tower Hamlets, Newham, Hounslow, [...]
Crowds flood London’s Chinatown for no-questions-asked Covid vaccines May 27, 2021 People flooded the streets of Chinatown this afternoon after an online message board for Chinese speakers advertised free Covid-19 jabs, where people did not need to present any documents. The jabs were not bookable by appointment, instead, people were urged to turn up – without anticipating the scale of the crowds. Those seeking a vaccination [...]
City Corporation calls for support for India coronavirus appeal May 27, 2021 | City Talk The City of London Corporation has made a £25,000 donation to efforts to tackle the coronavirus emergency in India – and is calling for others to also show their support. The Square Mile’s governing body has donated to the Disasters Emergency Committee’s coronavirus appeal, which is providing medical supplies, treatment facilities and logistics support in [...]
Covid: London SMEs lost around £100,000 more than businesses elsewhere in the UK May 27, 2021 It is safe to say that UK SMEs have taken a large blow to finances since the Covid-19 pandemic closed shop doors, with 82 per cent feeling the tightening purse strings, according to freelance platform Fiverr. On average, UK SMEs have lost just under £192,000 in revenue in the last 12 months – while just [...]
Investors ‘begin to drop’ star stock picker Terry Smith as £360m flows out of UK’s largest fund May 26, 2021 Nearly £360m was pulled from the UK’s largest investment vehicle during the first three months of this year, putting the spotlight on the performance of City stock picker Terry Smith. Investors pulled roughly £360m from Fundsmith Equity Fund, which has an estimated £24.4bn in assets, according to Morningstar Data and reported by Wealth Manager. The [...]
City Corporation extends support for Square Mile SMEs May 26, 2021 | City Talk The City of London Corporation has today (26 May) announced it is extending the deadline for submissions to its Covid Business Recovery Fund to 30 June 2021. Eligibility has also been expanded to businesses with a trading premise, or a signed lease for a premise, in the City of London on or before 5 November [...]
Banknote printer De La Rue bags Bank of England contracts for new notes May 26, 2021 Banknote printer De La Rue has today reported it halved its net debt in the year to 27 March with Covid ‘turnaround’ measures, ahead of the group’s new £50 banknote due for release next month. Already creating a new banknote making its way to people’s pockets in June for the Bank of England (BoE), the [...]