Mayor of London election: Shaun Bailey pledges City Hall infrastructure bank as part of Covid recovery April 19, 2021 Tory mayor of London candidate Shaun Bailey has pledged to create a new taxpayer-funded and City Hall-owned infrastructure bank for transport projects if elected next month. Bailey’s plan would aim to “attract private sector finance into large scale, costly infrastructure projects” in order to get projects like Crossrail 2 and the Bakerloo extension funded. The [...]
HSBC scraps executive floor in Canary Wharf in favour of hot-desking April 19, 2021 HSBC has scrapped the entire executive floor at its Canary Wharf headquarters in the latest change to its post-pandemic working practices. The 42nd floor, which was previously home to executives, will be used for client meeting rooms and collaborative spaces while top managers will hot desk on the open-plan 40th floor. “Our offices were empty [...]
Inside Sheikh Mohammed’s British property empire April 17, 2021 Sheikh Mohammed, the controversial ruler of Dubai, has become one of the UK’s largest landowners, exceeding that of the Queen’s personal property portfolio. Spanning 40,000 hectares, Sheikh Mohammed bin Rashid al-Maktoum’s properties can be found on the most exclusive streets in London and in the most elusive locations in the Scottish Highlands, according to the [...]
Hospitality set for a booming weekend as punters flock to pub gardens April 16, 2021 London bookings are up 220 per cent this weekend, according to a hospitality bookings app, as pub gardens finally opened to customers on Monday. Tripadvisor-owned TheFork, formerly known as Bookatable, has reported seeing more than double the number of bookings this weekend in comparison to the ‘Super Saturday’ weekend on the 4th and 5th [...]
UK population growth hit record low, ONS data suggests April 16, 2021 The UK population grew by just 0.5 per cent from 2019 to June last year, in what would be one of the smallest increases on record. Preliminary analysis by the Office of National Statistics (ONS) suggested that the population grew by 316,000 people, to 67.1m in total. “There is significant interest in what impact the [...]
Science Museum faces climate pressure after Shell revealed as ‘major sponsor’ April 16, 2021 The Science Museum has come under fire today as it revealed that Shell is a “major sponsor” of its flagship climate exhibition. The exhibition set for its reopening on 19 May, will focus on carbon capture and storage (CCS) technology, which Shell has said is “essential for society to reach the goals of the Paris [...]
City of London Corporation appoints new top team to lead transformational change April 16, 2021 | City Talk Following its decision in December 2020 to endorse a new Operating Model, the City of London Corporation’s governing Court of Common Council today welcomed the appointment of eight new senior officers and formally confirmed the appointment of the first woman as Chamberlain, the Corporation’s Chief Financial Officer, since the post was created in 1237. Chair [...]
135 City firms switch to Dublin for post-Brexit business April 16, 2021 Dublin has been crowned the most desirable place for City jobs, as 135 firms have relocated business to the Irish capital due to Brexit, new research has revealed. Think tank New Financial has found firms to favour Dublin over its city-competitors Paris, Luxembourg, Frankfurt and Amsterdam. As firms moved to the Irish capital as a result [...]
Banks flee the City post-Brexit taking more than £900bn in assets with them April 16, 2021 If you thought the Brexit saga was over, think again. New research reveals UK firms are looking to the continent for business and relocations are set to continue. Figures compiled by think tank New Financial make for sobering reading and reveal the extent of just how much Brexit will face the change of the City. [...]
Policy Chair outlines Square Mile COVID recovery plan April 15, 2021 | City Talk Speaking at the Court of Common Council today (15 April), City of London Corporation Policy Chair Catherine McGuinness promised a strong, sustainable COVID-19 recovery in the Square Mile. She said: “We need to encourage the return of workers and visitors, while also providing reassurance about the steps taken to protect public health throughout the City’s reopening. [...]