Treasury Committee chair: ‘One-off wealth tax’ could patch the Covid gap in public finances February 15, 2021 The MP who leads the Treasury Committee suggested this morning that Chancellor Rishi Sunak should introduce a one-off wealth tax to help revive the country’s public finances. As the pandemic is tearing its way through public finances, the chair of the UK Treasury Committee, Mel Stride, said a one-off wealth tax may be an effective [...]
Neil Woodford’s shock comeback raises eyebrows in the City February 15, 2021 News that the disgraced fund manager Neil Woodford is looking to make a comeback in investment management has taken many in the Square Mile by surprise. The former star manager gave an emotional interview to the Sunday Telegraph yesterday in which he apologised for the collapse of his investment company and said he is working [...]
London and UK trade bodies slammed for talks with Chinese tech linked to Uighur surveillance February 12, 2021 City Hall and trade department slammed for talks to Chinese firm linked to Uighur Muslim surviellance
When Fulwell freezes over: Thames turns to ice for first time in 60 years February 12, 2021 Parts of the River Thames have frozen for the first time in 60 years as the UK plunges to the coldest temperatures on record for February. Seagulls perched on a frozen Thames in Teddington, south west London, this afternoon as it iced over for the first time since Britain’s Big Freeze in 1963. The slow [...]
Priti Patel criticizes ‘dreadful’ Black Lives Matter protests February 12, 2021 UK home secretary Priti Patel said she did not support the Black Lives Matter demonstrations, calling the protests “dreadful” in an interview with LBC this morning. When asked whether she would “take the knee”, Patel said: “No, I would not, I would not have at the time either. There are other ways in which people [...]
Sadiq Khan is yet to meet half of his 2023 housing target February 11, 2021 Sadiq Khan has started less than half of the affordable houses he promised to build by 2023, new figures have revealed. Khan was given £4.82bn in 2016 by central government to build 116,000 affordable homes by 2022, however figures from the Greater London Authority show City Hall has only begun 56,239 as of December. The [...]
Hotel quarantine: What do the new rules mean for arrivals travelling to London? February 11, 2021 Hotel quarantine: What do the new rules mean for arrivals travelling to the UK border?
St Patrick’s Day celebrations in London move online February 11, 2021 London mayor Sadiq Khan said today a virtual St Patrick’s Day celebration will be held on 17 March, which will showcase London-based Irish talent. The celebration will be hosted by London Irish Centre ambassador Angela Scanlon. “The sight of Londoners and visitors of all backgrounds uniting in our capital for St Patrick’s day is a [...]
Brexit crowns Amsterdam Europe’s top trading hub, ousting The City February 11, 2021 Amsterdam surpassed London as Europe’s largest share trading centre last month, as Brexit led London to lose business. Some €9.2bn shares a day were traded on Euronext Amsterdam and the Dutch arms of CBOE and Turquoise, the London Stock Exchange’s platform, last month – a more than fourfold increase from December, the Financial Times reported. [...]
Exclusive: Hong Kong refugee activists on the UK’s new visa scheme February 11, 2021 The UK’s visa program for British national overseas passport holders is generally seen in Hong Kong as a “last resort” for those who wish to flee Beijing’s new National Security Law, but the program should be extended to youngsters, multiple activists in exile have told City A.M. Baggio Leung, a former Hong Kong legislator and [...]