Your Monday coffee boost: There is now a Nespresso cafe in the City of London June 27, 2016 Coffee connoisseurs in need of a boost this Monday need look no further than the new Cafe Nespresso, which opened its doors today on Cheapside in the City of London. At the first UK cafe pilot, following a successful trial last year in Vienna, fans can be treated to non-alcoholic coffee mocktails including rose cappucino, [...]
Shadow business secretary Angela Eagle set to quit as Corbyn faces leadership revolt June 26, 2016 Shadow business secretary Angela Eagle will be one of the next high profile members of Jeremy Corbyn's shadow cabinet to quit, City A.M. understands. In total, 11 members of the shadow cabinet have resigned while shadow foreign secretary Hilary Benn was sacked in the early hours of Sunday morning for allegedly encouraging ministers to resign. Senior Labour MPs [...]
EU referendum: London Chamber of Commerce renews calls for London business visa June 26, 2016 London needs to make it easier for foreign skilled workers to come to the capital, the London Chamber of Commerce and Industry has warned. Last week’s vote for the UK to quit the European Union means London will struggle to remain competitive with European cities, the business group’s chief executive Colin Stanbridge told City A.M. The [...]
Sadiq Khan and the City of London corporation have promised to fight for the rights of City businesses to access customers in the EU June 26, 2016 The Mayor of London has vowed to fight for the City's access to Europe's single market, including vital rights estimated to be worth billions to UK-based institutions. Sadiq Khan last night told City A.M. the loss of passporting – the system that allows UK-regulated banks to operate across the European Union – would be “a disaster”. [...]
Here’s why a petition for a second referendum is a “waste of time”, according to Britain’s election expert John Curtice June 25, 2016 The petition to hold a second referendum, which has attracted nearly two million signatures, is a "waste of time", a top expert has said. Professor John Curtice of Strathclyde University, whose exit poll last year accurately predicted the Conservatives would win the general election, has branded the petition a "waste of time". Curtice told City A.M.: "The point of [...]
Sadiq Khan: London must have a seat around Brexit negotiating table June 25, 2016 London mayor Sadiq Khan, who was a prominent Remain supporter, has said the capital "needs a seat around" the Brexit negotiating table. Speaking to LBC Radio, Khan said: "London was the one city in England that voted to remain in the EU. We didn't just vote by a small amount, 60 per cent voted to remain, that's a big big win." [...]
Ukip leader Nigel Farage believes that Remain has won the referendum June 23, 2016 With the polls now closed in today's referendum on the UK's membership of the European Union, Ukip leader and Leave campaigner Nigel Farage has said that he believes his side has lost. "Turnout looks to be exceptionally high and it looks like Remain will edge it," Farage told Sky News. "Ukip and I are going nowhere and [...]
Evening tube chaos: Flooding hits Circle, Bakerloo, District, DLR, Hammersmith and City, Metropolitan, Waterloo and City, and overground lines as some stations are shuttered June 23, 2016 Flooding is causing chaos across the London underground this evening as commuters battle against the elements to reach polling stations. Monument Station remains closed and has been for much of the day due to flooding as the heavens opened on the day of the EU referendum; engineers are working to fix the problem. The Circle line still has sever delays [...]
Corbyn: Future Labour government would back financial transaction tax June 22, 2016 A future Labour government would back the EU on a financial transaction tax, Jeremy Corbyn said at the party's final Remain rally. The Labour leader announced his support for the tax standing alongside London mayor Sadiq Khan whose against the measure. Corbyn said the levy was “a very sensible proposal I am sure everybody in this building would agree [...]
US alternative lender Trade Finance Solutions opens London office on the road to global growth as Europe chief dismisses Brexit worries June 22, 2016 US alternative lender Trade Finance Solutions (TFS) has opened a London office as it targets further expansion outside of North America. The office opening comes just one day before the UK takes to the polls to vote over its membership of the European Union, which has sparked levels of volatility in the market not seen since the [...]