Campaigners warn of little relief as Ofgem expected to lower price cap to £2,053 May 25, 2023 Ofgem is expected to lower household energy bills to an average of £2,053 a year from July to reflect tumbling wholesale prices, according to analysts. The regulator will announce its latest energy price cap on Thursday as campaigners warned consumers are likely to feel little relief with bills remaining well above pre-pandemic levels. Consultancy firm [...]
Ukraine minister Oleksandr Gryban on how private investment can help rebuild the country May 25, 2023 Midway through last year, Ukrainian president Volodomyr Zelenskyy tabled a proposal to his finance lieutenants. Government support, both domestic and international, was flowing into the economy but the scale of economic damage wrought by Russia’s invasion needed a bigger remedy. The country needed an initiative to trigger the interest of the private sector: Advantage Ukraine was born.
London takes global tech capital crown from New York May 25, 2023 London has been ranked as the world’s most high-tech city snatching the top spot from New York, according to new research shared exclusively with City A.M. The capital scored top marks for its world-leading financial services, deep talent pool as well as the quality of its business environment and international reputation, according to Z/Yen Group’s [...]
Motoring? Car industry defies Brexit warnings with EU export surge May 25, 2023 UK car production saw its third successive month of growth in April, as easing supply chain shortages and strong exports drove growth. Car production ramped up 9.9 per cent to 66,527, 5,973 more than in April last year at the heights of the global semiconductor shortage. The SMMT said that the rise in production was [...]
Why are the Conservatives still so unimaginative on immigration figures? May 25, 2023 The current immigration system has meant less foreign workers filling up low paid roles, and no special treatment for people from the EU. But it hasn't given us any sense of authority, writes Will Cooling
Khan hasn’t used his powers to help the City, so he begs for more and blames SW1 May 25, 2023 Being the Mayor means taking responsibility and constantly making the case for London; that includes leading the way in supporting its vibrant financial centre, writes Daniel Korski
Politics ‘antithetical’ to business, Greg Hands rival for Chelsea seat warns May 25, 2023 Politics is “completely antithetical” to sound business, former City banker Adam Knight preparing to take on Tory chairman Greg Hands in his former safe Conservative Chelsea seat has warned. Ex-Goldman Sachs trader Knight, 49, is the Liberal Democrat candidate in Chelsea and Fulham, where he will seek to put Conservative party chairman Greg Hands out [...]
The only way to get staff back to the office? Tell them to turn up and do it yourself May 25, 2023 Culture is not pilates at lunch or free fruit in the office; is the way bosses and employees come together, share ideas and create things. Sharing the same space is important for that culture, writes Chris Hirst
Europe capitalising on UK’s ‘tourism tax’ as retailers call for overhaul May 24, 2023 International tourists are spending more in Europe than in the UK as Britain’s retail sector continues to be hamstrung by the government’s decision to scrap VAT-free shopping, members of the House of Lords warned yesterday.
‘Blind eye’: Former John Lewis boss on CBI and Tesco scandals May 24, 2023 The former boss of John Lewis has spoken out on the scandals engulfing the CBI and Tesco suggesting that senior staff may have been “turning a blind eye” to bad behaviour. Andy Street, Conservative mayor of the West Midlands, spoke at a Q&A with InHouse where he discussed issues at the lobbying group, the Confederation [...]
