Why Abakar Saidov is backing the future of UK tech June 22, 2023 Tech entrepreneur Abakar Saidov tells Charlie Conchie why the UK is the place for him Billion-dollar artificial intelligence (AI) firm Beamery is not the Saidov brothers’ first business venture. When the pair left Russia in the mid-90s with their parents, they lied about their age to get a paper round before investing the profits in [...]
The government cannot – and should not – intervene after every mishap June 22, 2023 Calls for some kind of mortgage relief are understandable. The hit to some homeowners, dealing with rapidly increased monthly payments, will be significant. But the government is absolutely right to resist the easy way out of bunging a few quid at mortgage-holders to make the problem go away, and ease their election woes. Britain has [...]
Local authorities putting the brakes on electric car charger rollout, industry warns June 22, 2023 Local authority bureaucracy is causing delays of up to a year in rolling out electric car charge points, industry figures have warned. “We’re getting caught up in red tape… which is stopping us deploying thousands more charges today,” Ian Johnston, head of the newly formed trade association ChargeUK, told City A.M. To build and operate [...]
Does raising interest rates actually bring down inflation? June 22, 2023 Britain’s inflation problem is looking much harder to solve than first thought. Numbers out from the Office for National Statistics (ONS) yesterday revealed the rate of price increases was unchanged in May at 8.7 per cent. The City thought it would slim to 8.4 per cent. Core inflation – the best barometer of underlying price [...]
Labour’s plan to force banks to help on mortgages branded ‘risky’ and ‘counterproductive’ June 22, 2023 Labour’s plans to force banks to help struggling borrowers with their mortgages have been slammed as “risky” and “counterproductive”. The party says lenders should be compelled to help mortgage holders struggling with payments in a bid to avert a looming mortgage crisis as interest rates are expected to keep rising to bring inflation down. Shadow [...]
Oil prices rebound as the Fed commits to inflation battle June 22, 2023 Oil prices are rising amid a sustained hawkish approach from the Federal Reserve raising hopes of an economic revival in the US.
For all the awards, consumers rarely care about the gold standard City exec June 22, 2023 We've got so obsessed with award ceremonies that they've ceased to be a reliable guide for customer choice and become more of a game of winners, writes Chris Hirst
The National Portrait Gallery has been re-imagined to fit into a very modern London June 22, 2023 The refurbished National Portrait Gallery will be modern while maintaining its history. After three years of restructuring, it will be a wonderful addition to the quirky cultural London scene, writes David Ross
Tour operator Skiworld wipes out in Austria amid post-Brexit dip in UK chalet hosts June 22, 2023 Skiworld – the UK’s largest independent ski tour operator – has pulled out of much of its operation in Austria as a result of post-Brexit red tape, City A.M. has learnt. The London-based firm – which runs chalets across the Alps – told City A.M. that a dip in the number of UK staff it [...]
The Windrush scandal carries lessons that are all too familiar in today’s Britain June 22, 2023 Seventy-five years today 802 people arrived in London from the Caribbean and began Britain’s journey towards becoming a multi-racial society. On Windrush Day, Will Cooling explains what we still have to learn from what happened afterwards
