Camden takes tech crown as it leads UK for new business creation February 24, 2020 Camden has topped the UK rankings for new business creations as London’s booming tech scene continues to drive growth in the capital. A total of 2,110 net new businesses were created in Camden in 2018, according to figures published today by private equity investment firm Growthdeck. This was closely followed by Westminster with 2,100, while [...]
Mayoral candidate Siobhan Benita wants to ‘Love London Better’ February 22, 2020 For a brief moment in 2019, the Liberal Democrats looked a serious chance of upending Britain’s two-party political hegemony. After years in the political wilderness, the party rode a wave of Brexit uncertainty and parliamentary division to top Westminster YouGov polling in late May, eliciting cries of jubilation from long suffering Lib Dem supporters. It’s [...]
HMRC sets up secret unit to probe inheritance tax avoidance February 22, 2020 HM Revenue & Customs has implemented a secret unit to investigate the use of family investment companies (FIC) by the very wealthy to avoid paying inheritance tax. It puts family offices with a combined total of more than $1tn in assets within its sights. The tax authority set up the team in April last year [...]
Coronavirus: Tokyo hits back at ‘inappropriate’ suggestions London could host 2020 Olympics February 21, 2020 Tokyo governor Yurilo Koike has labelled claims London would be ready to host the 2020 Olympics if necessary as “inappropriate”. While a number of sporting events having been cancelled due to the coronavirus outbreak, Japan has been determined to get this year’s Olympic Games on. Earlier this week, the Conservative Party’s London mayoral candidate Shaun [...]
Islamic State supporter admits plot to bomb St Paul’s Cathedral February 21, 2020 A supporter of the Islamic State (IS) terror group has today pleaded guilty to plotting to bomb St Paul’s Cathedral and a hotel. Saffiya Shaikh, 36, from Hayes in west London, appeared at the Old Bailey where she admitted preparation of terrorist acts and dissemination of terrorist publications. Shaikh, who was born Michelle Ramsden, had [...]
Mayor of London election candidates have £420,000 campaign spending limit February 20, 2020 Candidates in the 2020 mayor of London election will have a limit of £420,000 to spend during the official campaign. Mayor of London Sadiq Khan will go head-to-head with Tory candidate Shaun Bailey, independent candidate Rory Stewart, Liberal Democrat Siobhan Benita and Green party co-leader on 7 May. Khan’s odds are as short as 1/7 [...]
Keir Starmer refuses to sign Khan’s London pledges February 20, 2020 Labour leadership frontrunner Sir Keir Starmer has refused to sign a set of so-called London pledges drawn up by Sadiq Khan. City A.M. exclusively reported last week that the mayor of London had asked the remaining three party leadership candidates — Starmer, Rebecca Long-Bailey and Nandy — to sign a set of six pledges aimed [...]
London media hub Outernet signs video production deal with Ridley Scott February 20, 2020 London entertainment hub Outernet Global today said it has inked a deal with veteran filmmaker Ridley Scott to launch a new development and production platform for branded content. Outernet, which is due to open in December, has teamed up with the Ridley Scott Creative Group to provide early-stage funding for visual content producers. The initiative, [...]
Northern Line: Battersea Power Station Tube signs unveiled February 20, 2020 Completion of the Northern Line extension took another step forward today, with the unveiling of roundels for the new Battersea Power Station. Transport for London (TfL) today released the first images of the new Tube station signs, which will adorn the new Tube station when it opens in autumn 2021. The new Tube station will [...]
London Bridge: Commuters face seven-month closure February 20, 2020 London Bridge will be closed to all road traffic except buses, taxis and cyclists for seven months during repair works. The City of London Corporation announced today that the bridge will be closed from 16 March to October for the “vital works”. Pedestrians will still be allowed to cross the bridge, however the local authority [...]