UK fiscal watchdog: Government finances “increasingly exposed” to global shocks July 6, 2021 The boss of the Government’s fiscal watchdog has warned the UK’s public finances are “increasingly exposed.” The Office for Budget Responsibility boss boss Richard Hughes said that two major crises – the global financial crisis in 2008 and the Covid-19 pandemic – had added 20 per cent each to the UK’s debt to GDP ratio. [...]
Bookies’ body calls for Government-backed gambling ombudsman July 5, 2021 British gambling’s standards body has called for a Government-backed ombudsman to handle customer complaints. The industry has been under the spotlight during a Government-led Gambling Review launched at the end of 2020 after pressure from campaigners. Read more: Podcast: The City View, with Michael Dugher Today the Betting and Gaming Council (BGC) – which acts [...]
Bank of America staff in UK to head back to work – if they’re jabbed July 5, 2021 Bank of America have become the latest financial institution to push staff back to the office in the UK, with employees told they can return to their desk when restrictions here are lifted. There is a catch, however: staff must have had one Covid-19 jab. Read more: Work from home guidance to be dropped in [...]
The City View, with Wise’s Matt Briers July 5, 2021 Wise are set to list this week, and on this episode of The City View, Andy Silvester talks tech with the firm’s Chief Financial Officer, Matt Briers. They touch on the firm’s reasons for listing, the future of the fintech darling and how London can continue to thrive as a global hub for exciting, innovative [...]
The City View with Sir Nigel Knowles June 28, 2021 This week City A.M.’s Andy Silvester sits down with DWF Group CEO Sir Nigel Knowles. What Sir Nigel doesn’t know about legal and business services probably isn’t worth knowing. In this podcast he opens up on what he thinks the industry needs to do to stay ahead of international competitors, the new skills that young [...]
Matt Hancock resigns after pictures emerge June 26, 2021 The Health Secretary Matt Hancock has resigned after pictures emerged of him kissing an aide. The Suffolk MP said Brits had “sacrificed” much during the pandemic. Speculation on social media suggested that Michael Gove could replace him in the role. Nadhim Zahawi was another name in the frame, having led the vaccine rollout programme. This [...]
PM Boris Johnson backs Hancock despite pictures of health secretary kissing aide June 25, 2021 PM Boris Johnson backs Hancock despite pictures of health secretary kissing aide
Recovery: Young Londoners lead the charge back to centre of the capital June 24, 2021 Increasing numbers of Londoners are ready to return to the centre of the capital as optimism about the city’s future grows. Some 70 per cent of 16-34 year olds now feel comfortable visiting the centre of town, as do 62 per cent of Londoners as a whole. That’s a 10 point increase on the figure [...]
Russia says Black Sea incident was ‘blatant provocation’ by Britain June 23, 2021 The Russian Foreign Ministry has called the passage of a British warship in the Black Sea that was within earshot of fire from Russian guns “blatant provocation”. UK Defence Minister Ben Wallace has since denied claims from the Russian ministry that Britain’s ambassador had been summoned over the incident. “As I speak now, our ambassador has [...]
GSK boss looks to head off activist pressure but cuts dividend in new 10-year strategy June 23, 2021 GSK boss looks to head off activist pressure but cuts dividend in new 10-year strategy