Government’s Brexit dance is maiming the pound October 18, 2016 Inflation is coming to eat the pound in your pocket. Today, data for September is expected to show that prices in the UK rose by an annual 0.9 per cent rate, up from 0.6 per cent in August, driven by energy and food prices. However, the full impact of the recent plunge in sterling will [...]
London named most powerful global city for fifth consecutive year October 18, 2016 The UK capital has been named the world’s most powerful city for the fifth year in a row, beating the likes of New York, Paris, and Tokyo to the top spot – though Paris is making gains elsewhere. The 2016 Global Power City Index, released today by Japan’s Mori Memorial Foundation, ranked London as the top [...]
Chris Grayling hints that only one airport will get the green light for now October 17, 2016 Transport secretary Chris Grayling has confirmed he will be the minister announcing the decision on airport expansion, though he has not confirmed when it will be announced. While the prospect of giving the green light to both Heathrow and Gatwick in some shape has gathered pace as an option in recent weeks, Grayling moved to distance himself from such a [...]
Labour’s shadow chancellor John McDonnell takes a swipe at the City over passporting rights October 17, 2016 John McDonnell has criticised speculation that the government is considering continuing to pay some contributions to the EU, to maintain “passporting rights” for City firms and other sectors. These would allow the companies to continue trading across the continent. Britain has voted to leave the EU, it has not voted for paying huge fees for [...]
Outgoing Institute of Directors boss Simon Walker sounded out for role on trade department board October 17, 2016 The outgoing director general of the Institute of Directors (IoD) could soon be joining the board of the new International Trade ministry. According to Sky News, Walker was approached about becoming a non-executive director for the department for international trade, a new Whitehall department established by the Prime Minister, with Liam Fox at the helm. Read more: IoD [...]
RMT turns down ‘bribe’ from Southern as next three-day strike goes ahead October 17, 2016 Southern’s latest attempt to bring an end to ongoing strike action has been promptly rebuffed by the Rail Maritime and Transport union (RMT). Southern’s last roll of the dice before train guards walk out on another three-day strike at midnight, was putting a lump sum of £2,000 back on the table earlier today. Southern owner Govia Thameslink [...]
This animation sums up Gatwick’s biggest advantage over Heathrow in the battle over airport expansion October 17, 2016 An airport expansion decision is due by the end of October and with Theresa May's cabinet committee on airport expansion meeting tomorrow, Gatwick has launched a last-ditch attempt to prove its credentials. The airport has created animations comparing the number of people who would be flown over with a new runway and it says Heathrow impacts [...]
This company is the biggest winner from the Metropolitan Police’s huge police body camera roll out October 17, 2016 Some 22,000 police officers across London will start being equipped with body cameras from today, more than any other city in the world – and one company will be the big winner. The Metropolitan Police will begin rolling out the technology to 22,000 front line officers across London's 32 boroughs after a successful trial last year. The company supplying [...]
London travel disruption: Severe delays on Central Line after signal failure at Mile End station October 17, 2016 Commuters are facing difficulties on the Central Line this morning due to a signal failure in east London. Transport for London said there were "severe delays" on the line, and blamed an earlier signal failure at Mile End station. https://twitter.com/centralline/status/787932619405135872 Londoners trying to use the Central Line took to Twitter to vent their frustration, with [...]
Stress and the city: Bankers feel the pressure but fear admitting it to bosses October 17, 2016 Rising stress levels among investment bankers have led two thirds to consider quitting their jobs, according to new research seen exclusively by City A.M. However, despite the admission senior banking employees believe that talking about their stress or mental health issues in the workplace will damage their careers. According to the MetLife research, 40 per cent [...]