Five points the City needs government to heed during Brexit negotiations September 26, 2016 To a huddle of European journalists, Jens Weidmann, president of the Bundesbank, claimed that Frankfurt could be attractive and would welcome newcomers. This is of course just the latest marketing attempt by our competing continental financial centres wanting take some of the City’s business. But how does the City respond? We are of course used to [...]
Startups are swelling the ranks of UK businesses September 26, 2016 The number of VAT registered businesses in the UK has hit an all-time high of 2.1m, up four per cent from 2m last year. The rise has been driven by the thriving national startup economy, according to accountancy group UHY Hacker Young. The number of businesses in the UK per capita has meanwhile recovered to [...]
Brexit and the City: Here are the names you need to know September 25, 2016 As rumours circulate that Article 50 could be triggered towards the start of next year, many in London are more than a little curious as to what the City will look like post-Brexit and who will be fighting to keep their best interests front and centre during the course of the negotiations. City A.M. profiles some [...]
This is why freemen of the City of London are driving sheep across London Bridge today September 25, 2016 If you cross London Bridge today, among the cyclists, buses and taxis, you might be taken aback (or perhaps a-baah-ck) to see a few sheep as well. This isn’t some kind of Home Counties invasion – instead it’s the annual London Sheep Drive, in which hundreds of the City of London’s freemen get to exercise [...]
London mayor Sadiq Khan writes to Uber and other private hire drivers setting out his commitment to the industry September 23, 2016 London mayor Sadiq Khan has written to tech firm Uber in response to its email campaign about the future of the capital's taxi and private hire industry. Transport for London (TfL) plans to introduce new rgulations for the sector including a requirement that private hire vehicles have "hire and reward" insurance in place for the duration of the licence, [...]
City finance jobs tumble after Brexit vote September 23, 2016 Job openings in the City dried up over the summer as finance firms put hiring on hold while they assess the damage of the UK's vote to leave the EU, according to new research. The number of advertised vacancies in financial services dropped by 13.6 per cent in the capital in July and August, according [...]
Serco lands £600m contract with Barts Health NHS Trust in London September 22, 2016 Shares in outsourcing company Serco popped yesterday after it said it had been named as the prefered bidder for a whopping £600m contract with Barts Health in London. Shares leapt by almost two per cent on the announcement – the largest deal the company has won since 2014 – and ended trading yesterday up by [...]
Fabric’s crowdfunding campaign has just smashed the £200,000 mark September 22, 2016 Legendary nightclub Fabric isn't going down without a fight: the Farringdon venue has not only launched a crowdfunding campaign – but it's already smashed through the £200,000 mark. The nightclub's licence was withdrawn earlier this month by Islington council, which warned of a "culture of drugs" at the venue, after six drug-related deaths at the club in [...]
Southern rail workers to take 14 days of strike action from next month September 22, 2016 Southern rail workers are to take 14 days of strike action in five blocks from next month as the dispute over role of guards continues, the RMT union said today. The union said workers will take industrial action because of Southern's "continued insistence on removing critical safety trained guards from trains". RMT said its members [...]
Sadiq Khan has recruited Margaret Hodge to lead a new Garden Bridge procurement probe, but London Assembly members are questioning the plan September 22, 2016 London mayor Sadiq Khan has recruited the former chair of parliament's public spending watchdog to lead an inquiry into the Garden Bridge project. Margaret Hodge will review whether taxpayers have got value for money from the £185m footbridge, which is being being supported by £60m of public money from Westminster and Transport for London. Among [...]