Putin ally Medvedev admits Russia could lose Ukraine War – and threatens nuclear response January 19, 2023 Former Russian President Dmitry Medvedev, an ally of Kremlin chief Vladimir Putin, warned the North Atlantic Treaty Organization (NATO) on Thursday that the defeat of Russia in Ukraine could trigger a nuclear war. Since Russia invaded Ukraine, Medvedev has repeatedly raised the threat of a nuclear apocalypse, but his admission now of the possibility of [...]
WIN! A cake dropped off at your office today – because you deserve it January 19, 2023 City A.M. has teamed up with award-winning London bakery Cutter and Squidge to give away not one, not two but three cakes to deserving office workers today. Earlier this week the boss of the food regulator said bringing a cake into the office wasn’t creating a “supportive environment.” But at City A.M. we know how [...]
The Square Mile and Me: David Postings on Barclays, the Jampot and watching Wolves January 19, 2023 This week David Postings, UK Finance CEO, tells us why he's pining for southern Spain, Sweetings remains a top spot and the City should be optimistic
Much of the blame for Sadiq Khan’s tax hikes lays in Whitehall January 18, 2023 Sadiq Khan is unlikely to be flavour of the month in too many London households this morning. Yesterday he announced a combination of top-up charges to Council Tax and an across-the-board increase in transport costs across London. The London Conservatives are, unsurprisingly, up in arms. But much of the blame lies not at City Hall’s [...]
TfL fare increases: How much a bus, tube or train ride will rise in 2023 January 18, 2023 Mayor Sadiq Khan has confirmed that Transport for London fares will rise in March of this year – meaning Londoners and visitors will be paying more to get around the capital. Fares on the tube, buses, and rail will go up by just shy of 6 per cent, whilst a temporary move to make over-60s [...]
London households to be hit with Council Tax increase – to pay for new Met officers January 18, 2023 London households are set to be hit with higher Council Tax in 2023 in part to pay for more Metropolitan Police officers. Sadiq Khan announced this morning that he was proposing a £38.55 increase on the average Band D house in the capital. He has the power to put top-up ‘precepts’ on local council bills [...]
Grant Shapps to outline new ‘scale up’ vision for Britain at Davos lunch January 18, 2023 Grant Shapps is set to outline a new plan to ‘scale up’ British businesses in Davos this week, City A.M. understands. In a video seen by City A.M. ahead of Shapps’ trip to the Swiss mountain town for the World Economic Forum, the business secretary says: “When I pack my luggage, I won’t just be [...]
Industrial strategy? Britishvolt and OneWeb prove markets are usually best left alone January 17, 2023 The name of the Department for Business, Energy and Industrial Strategy can leave economists of a certain ilk cold – particularly the last two words. In the UK’s political zeitgeist, industrial strategy has been closely tied to the dreaded concept of picking winners – with the government standing accused of picking individual sectors and indeed [...]
The Notebook: Neil Bennett’s Davos dispatch January 17, 2023 The Notebook is a place for interesting people to say interesting things. Today it’s the turn of Neil Bennett, Global Co-CEO of communications advisory giant H/Advisers – writing on Ukraine in Davos, Manchester United’s bold marketing strategy and why the Swiss town remains the place to be I am in Davos this week to host [...]
Bringing cake into the office is as bad as passive smoking, food regulator warns January 17, 2023 Bringing a cake into the office is as bad as subjecting others to passive smoking, the country’s chief food regulator has said. In an interview with The Times, Professor Susan Jebb said that bringing treats and snacks into the office wasn’t creating a “supportive environment” for people looking to lose weight. “With smoking, after a [...]
