This is how people are most likely to talk about London August 18, 2016 People have been gossiping about life in London – and what they have to say does not make for a relaxing read. Over a third (36 per cent) of non-Londoners would describe the city as "stressful", according to The Rias City Index, released today. However, the perception only gets worse once you venture into the capital itself, [...]
Why Brexit won’t take away London’s fintech crown August 17, 2016 The vote for Brexit may not have led to the economic meltdown we were told to fear, but it certainly gave rise to a feeling of disbelief, as the political models and expert commentators many had put their faith in were proven to be way off the mark. Bankers and fintech entrepreneurs alike looked on with [...]
Robert De Niro gets green light for boutique hotel The Wellington in Covent Garden August 17, 2016 Oscar-winning actor Robert De Niro has been given the green light to open a boutique hotel in the heart of Covent Garden. De Niro has been working with Capital & Counties Properties and BD Hotels on the project for the luxury 83-room hotel, which will be called The Wellington. Westminster city council granted planning permission today, after [...]
North Korean deputy ambassador to the UK defects with his family to South Korea August 17, 2016 North Korea's deputy ambassador to the UK, Thae Yong Ho, has defected with his family, South Korean officials have confirmed. Yong Ho was a counsellor at the North Korean embassy, which is based in a suburban house in Ealing, and was deputy to the ambassador. The veteran diplomat is thought to be one of the [...]
Uber launches legal challenge over new London taxi rules August 16, 2016 Uber has launched legal action against London's transport regulator over new rules that threaten to limit its business in the capital, City A.M. can exclusively reveal. The billion-dollar startup is seeking a judicial review to halt the introduction of new rules it claims are too strict. Transport for London set out new regulations earlier this year after a [...]
The weaker pound is luring more US tourists to the UK, according to research from Hotels.com August 16, 2016 The fall in Sterling since the EU referendum is enticing more Americans to visit the UK, according to research from Hotels.com. More than four in 10 Americans (42 per cent) said they were more likely to visit for a holiday as the dip in the pound continued to favour the dollar. Sterling has fallen 18 [...]
London has the worst debt crisis in the UK August 16, 2016 Londoners have the most severe debt problems of anybody in the country, according to a leading debt advice charity. StepChange said those living in the capital were more likely to be behind on their monthly payments and typically had higher levels of borrowing than those across the rest of the UK. The findings comes in a [...]
Sharp downturn would spell trouble for nearly one million renters in London August 16, 2016 There's no housing safety net to catch almost one million renters in London should the economy turn sour, a report out today warns. Analysis by Royal London of government’s family resources survey data for 2013-14 – the most recent full set of figures the researchers had available to them – showed 5.5m working adults across [...]
Ex-Barclays trio in bid to appeal their Libor convictions August 15, 2016 Former Barclays bankers Jonathan Mathew, Alex Pabon and Jay Merchant have applied to appeal their convictions for Libor-rigging offences, which were handed down last month. City A.M. can reveal that applications have been lodged on behalf of the three men, who were found guilty of one charge each of conspiracy to defraud on grounds they conspired to [...]
I quit government over Heathrow expansion: This is why I changed my mind August 15, 2016 I resigned as parliamentary private secretary to the minister of state at the Home Office and Treasury in 2009 over government proposals for expansion at Heathrow. The plan was unsympathetic to local residents, it ignored concerns about both environmental and noise pollution, and it didn’t offer enough in the way of increased surface access to [...]