Minimum wage needs radical reform, says free market think-tank September 3, 2018 The UK's minimum wage structure should be simplified to just one or two different hourly rates for workers aged 18 and over, the Institute of Economic Affairs (IEA) said today. The UK has five different minimum hourly wage rates, more than almost any other country. In a new report the IEA said the complicated structure [...]
Labour antisemitism row is reaching crisis point as talk of a split intensifies September 2, 2018 Labour's antisemitism row has dragged on all summer. The party had hoped it would be over by now. Instead, over the weekend, things notched up a level. A former chief rabbi, Jonathan Sacks, said British Jews were considering leaving the country over a new threat posed by the Labour party "within living memory of the [...]
Gourmet Burger Kitchen latest restaurant chain to hire restructuring experts September 2, 2018 Gourmet Burger Kitchen has hired restructuring advisers as it falls prey to a slump in high street dining. The Famous Brands-owned restaurant chain, which has more than 100 sites, has recruited Deloitte in a bid to secure rent reductions and cut deals with landlords. A company voluntary arrangement (CVA), a procedure that allows companies in [...]
Welcome to the 2017 edition of Giving magazine August 24, 2018 We proudly present the fourth edition of Giving, City A.M.’s annual magazine about world philanthropy and giving trends both inside and outside of London. Every year, as Christmas gets closer and the days grow shorter, family, friends and colleagues come together, and parties and presents are at the top of our minds. Simultaneously, feelings of [...]
Taxing Amazon won’t save the UK high street August 16, 2018 A couple of years ago, a well-known retailer announced a bold new strategy for its online offering, including a proposal to shut down its website outside normal working hours so that shoppers could savour the times when it was open. It was, of course, an April Fool’s prank, but it has lingered in the memory far [...]
Jobs miracle is a real achievement for the UK August 14, 2018 Brexit, Boris and burqas. These are hardly halcyon days for the Conservatives, who – according to the latest opinion poll – trail Labour by two points, despite Jeremy Corbyn’s hapless and controversy-laden leadership. Nonetheless, yesterday held a reminder of a genuinely remarkable achievement that successive Tory inhabitants of Downing Street can point towards – namely, [...]
Idris Elba sparks Bond speculation with string of cryptic tweets August 12, 2018 British film star Idris Elba has set the internet alight with rumour, following a string of cryptic tweets that hinted he was set to become the first non-white actor cast as James Bond. Elba, star of Luther and Beasts of No Nation, tweeted the message ‘my name’s Elba, Idris Elba’ early on Sunday morning, a [...]
Men shouldn’t be shut out of the diversity debate August 6, 2018 How improve gender representation in business? It’s a challenge the City, with its historically male-dominated culture, has been grappling with for some time. From all-male boards to the debate around gender pay gaps, no firm can afford to be complacent. Some City women have taken it upon themselves to provide space and support for female [...]
Britain continues to reject the far right August 5, 2018 An economics professor at the University of Warwick published a study last week claiming to show a direct link between the Leave vote and areas hit hardest by “Tory austerity” and welfare cuts. Political scientists were quick to criticise the paper for failing to acknowledge the existence of other motivating factors, but the claim was [...]
Real estate website Move has followed a rollercoaster road to success September 30, 2014 Like the US property market, real estate website Move’s fortunes have followed a rollercoaster path. The firm was founded by former chief executive officer Stuart Wolff under the name Homestore in the 1990s and listed in 1999. But during the dot-com bubble, Wolff was convicted of insider trading and falsifying the company books, leading him [...]
