DEBATE: Even Goldman Sachs is relaxing its dress code – will City culture benefit from this trend? March 11, 2019 Even Goldman Sachs is relaxing its dress code – will City culture benefit from this trend? Beatrice Timpson, a political communications consultant, says YES. The days of the lounge suit are numbered. Its demise is not so much desirable as inevitable. Just as the French Revolution killed off foot-high wigs and knee breeches and the First [...]
If London is to continue to thrive, MPs must take a no-deal Brexit off the table March 11, 2019 There is no denying that trying to sell London to international investors this week of all weeks presents a challenge. Inevitably, uncertainty caused by Brexit has made some businesses more hesitant to commit further to operations in London than they would have been otherwise. Looking beyond the imminent drama in Westminster, however, I have reason [...]
London’s Here East partners with Texan co-working space March 11, 2019 Here East, home to start-ups and businesses in London’s Olympic Park, and its tenant Plexal, a co-working space, have announced a new partnership with a Texan company to promote transatlantic links. The two London companies today unveiled an agreement with co-working space Capital Factory in Austin, Texas. It will enable startups at Here East and Plexal to use Capital Factory [...]
Asda to stop selling single knives by end of April March 9, 2019 Asda has announced plans to remove single kitchen knives from sale in response to growing concerns over knife crime. The supermarket chain said the knives would be removed from all stores by the end of April following a rise in knife-related deaths across the UK and in London. So far this year at least 39 [...]
Holloway prison to be turned into 1,000 homes after £81.5m deal with housing association Peabody March 9, 2019 Holloway prison in north London has been sold to housing association Peabody in a £81.5m deal and will now have more than 1,000 homes built on the site. The former women's jail occupies a 10-acre site and previously held murderers Myra Hindley and Rose West. Read more: Countrywide losses deepen amid housing market slowdown Peabody [...]
Theresa May is a home secretary dressed up as Prime Minister March 8, 2019 The UK is facing a violent crime crisis. Fatal stabbings are at their highest since 1946, with 27 knife deaths so far in 2019. Police numbers in England and Wales are down more than 20,000 since 2010. Other crime-reducing initiatives, from youth outreach to social services, have also seen drastic funding cuts in that time. [...]
MPs demand estate agents be monitored as part of dirty-money crackdown March 8, 2019 Britain must urgently review its “fragmented” anti-money laundering system and supercharge the UK’s companies registry, a powerful body of MPs has said. The Treasury Select Committee report on economic crime, released today, also said HMRC should begin registering estate agents for anti-money laundering purposes, to prevent ill-gotten gains from being “stashed” in the UK property [...]
A market cap is the quickest way to inject some competition into audit March 7, 2019 As you read this, the Kingman review, the Competition and Markets Authority review, the Brydon review, and the Business, Energy and Industrial Strategy Select Committee are all scrutinising the audit profession following a series of high-profile scandals. Failures such as Carillion, BHS, and Patisserie Valerie present very different problems, but each case rightly led to [...]
Runway East plugs £1m into 1,000-person startup hub in London Bridge March 7, 2019 London startup workspace provider Runway East has announced plans to double the size of its existing South London hub to accommodate 1,000 workers. Read more: London startup space Tech Hub grabs new Shoreditch venue in City expansion The firm told City A.M. it will spend £1m on the expansion, in response to high demand from [...]
DEBATE: Are cuts to police numbers the main factor behind the rise in London knife crime? March 6, 2019 Are cuts to police numbers the main factor behind the rise in London knife crime? Ken Marsh, chairman of the Metropolitan Police Federation, says YES. There is most definitely a correlation between rising crime and falling police numbers – to say otherwise is absurd. In 2010, there were 143,734 police officers in England and Wales. There [...]