Khan accuses PM of ‘blatant lie’ in tit-for-tat over TfL bailout October 21, 2020 Sadiq Khan has accused the government of “lying” and playing “party political games” during Transport for London (TfL) bailout talks, sparking a tit-for-tat with the Prime Minister over the future of the ailing transport network. The London mayor told TfL’s board meeting today that the government wrote a “blank cheque without conditions” when giving emergency [...]
Ready to order? Business lunches may be exempt from new Tier 2 restrictions October 21, 2020 City restaurants are preparing to allow business lunches to resume after legal advice suggested work meetings are allowed at hospitality venues under an exemption to Tier 2 restrictions. The rules, which came into effect last weekend, mean people cannot mix with another household in pubs or restaurants. The hospitality sector has already warned that a [...]
Snakes and Ladders: Who is moving jobs in the City this week? October 21, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of [...]
Think tank: London may need £440m a month if put into Tier 3 restrictions October 21, 2020 London would need more than £400m a month from the government if it is plunged into Tier 3 and if the city makes the same funding requests as Manchester, according to a top think tank. The Centre for Cities has calculated the capital would need £112.4m for every week it is in the top band [...]
Exclusive: London restaurant spend topped 2019 before new restrictions October 21, 2020 Spending at restaurants, pubs and bars in London climbed above 2019 levels for the first time during the coronavirus pandemic before new restrictions were put in place, data provided exclusively to City A.M has shown. Food and beverage spending was 1.7 per cent higher in September than a year earlier, according to Fable Data, which [...]
London is the toughest place to be an entrepreneur, report finds October 21, 2020 London is the toughest place in the UK to be an entrepreneur due to a huge wealth disparity and a higher cost of living, according to a new report. The government-funded British Business Bank (BBB) and management consulting firm Oliver Wyman have today published a report into the huge impact ethnic and economic background as [...]
Brexit: EU not serious about restarting trade talks, says minister October 20, 2020 The EU’s offer to restart broken down Brexit trade talks amounted only to “lip service”, according to a UK business minister. Nadhim Zahawi said today that the UK still wanted a Brexit trade deal, despite Boris Johnson refusing to come back to the negotiating table, but that talks would not continue until Brussels treats Britain [...]
Sadiq Khan calls for 10pm Covid curfew to be scrapped October 20, 2020 Sadiq Khan has called for England’s 10pm curfew to be scrapped in a bid to save London’s ailing hospitality industry. The mayor of London said the curfew made no sense now that household mixing was banned indoors as a part of the latest Tier 2 restrictions placed on the capital last week. “Immediately scrapping the [...]
London Chamber of Commerce launches Black Business Association October 19, 2020 London’s business trade body has today launched a new programme to support black business ownership and black employees in the capital. The London Chamber of Commerce and Industry (LCCI) has set up the Black Business Association to enable networking and promote entrepreneurship. It will also provide a forum to collectively discuss barriers to equality in [...]
Firefighters tackle blaze at City office block October 19, 2020 More than two dozen firefighters are tackling a blaze at an office block in the heart of the City. Four fire engines and around 25 firefighters were called to a building on Houndsditch near Aldgate Tube station this morning. The London Fire Brigade said it was alerted to the fire following reports of smoke billowing [...]