Exclusive: UK investors turn to property as they brace for a recession November 17, 2020 UK investors worried about the government’s handling of the pandemic and Brexit are turning to property as they brace for a recession. A survey of over 1,000 investors by FJP Investment reveals nearly two thirds – 62 per cent – are concerned that the government’s mishandling of the pandemic will result in a long-term recession. [...]
Exclusive: Ministers risk ‘catastrophic’ outcome for financial services in Brexit talks, warns mayor November 16, 2020 Sadiq Khan has today warned that the Government risks a “diminished country” if it fails to protect the financial services industry in Brexit negotiations.
Sadiq Khan forced to cut budget by £38m after Covid leaves black hole November 16, 2020 Sadiq Khan has revised the Greater London Authority’s budget downward by £38m after a drop in revenue due to the Covid crisis. A statement from City Hall said the drop in spending is “because of a forecast unprecedented loss of business rates and council tax income, caused by Covid-19, and the government’s refusal to adequately fund local and [...]
Our recovery from Covid-19 is a chance not to build walls, but to cooperate November 15, 2020 As we make our way through the second round of national Covid-19 restrictions, life today is very different to what we expected 12 months ago. The UK last week passed the tragic milestone of 50,000 deaths linked to this terrible virus, while many businesses and households across the country continue to struggle due to the [...]
2.5m UK households face rent worries as 350,000 are at risk of eviction November 15, 2020 Around 2.5m households across Britain will struggle to pay their rent this winter, while 350,000 are at risk of being evicted. According to the Joseph Rowntree Foundation, around 1.3m households in the private sector and roughly 1.2m households in the social sector are worried about paying their rent in the next three months. This includes [...]
Khan: By 2022 40% of new Met recruits should come from BAME background November 13, 2020 London mayor Sadiq Khan is launching an action plan to address the low level of trust and confidence that many Black Londoners feel towards the Metropolitan Police Service. Writing in today’s Independent, Khan said as part of his action plan he would like to see as many as two in five new recruits to the [...]
DEBATE: Will the National Security and Investment Bill make it harder for the UK to remain a business hub? November 13, 2020 Max von Thun, senior associate at political advisory firm Global Counsel, says YES. Under the screening regime proposed by the new National Security and Investment Bill, a much higher number of deals will be subject to potential government intervention on national security grounds for up to five years after they have taken place. In addition [...]
Full-fibre broadband firm Hyperoptic opens new London headquarters November 13, 2020 Challenger broadband firm Hyperoptic is set to move into new headquarters in London amid growing demand for next-generation internet services. The company will make the short hop from its current offices into two floors in Kings House in Hammersmith. It also has offices in Manchester, Reading and Belgrade in Serbia. Hyperoptic has grown steadily since [...]
Vaccine news puts growth back into The City: Moneyfarm’s investment chief November 12, 2020 This week’s news that pharmaceutical giant Pfizer and German manufacturer BioNTech had reached a breakthrough in the development of their Coronavirus vaccine led to one of the heaviest trading days since the height of the pandemic crisis, with nearly $2 trillion changing hands across global markets. Firms across The City are in an upbeat mood as the announcement that [...]
Could ditching the office make us all poorer? November 12, 2020 While we have in many ways adjusted to life in a pandemic, the profoundly disorientating changes we’ve seen since the initial nationwide lockdown are stark. The “death of the office” narrative has persisted through the easing and then reimposing of lockdown restrictions, and while no one can predict exactly how this will play out, it [...]