Morning in the City! Live updates on public finances, Shell AGM and John Allan May 23, 2023 Welcome to City A.M.’s live blog on Tuesday 23 May, as Shell prepares for its AGM, and the Square Mile wakes up to a shock resignation.
Amount of time it takes to hire workers drops to seven year low of just over a month May 23, 2023 The amount of time it is taking businesses to hire staff has slimmed to its lowest level in seven years in a sign friction in the jobs market is beginning to unwind, new research out today shows. Employers left roles advertised on job boards on average for 37 days over the last year, down from [...]
Yes, inflation will fall – but back to Bank of England target? Well, that’s anyone’s guess May 23, 2023 Inflation is definitely on its way down, but no thanks to the Bank of England – well, yet. Most of the drop will be driven by energy price rises falling out of the ONS’s numbers. Tomorrow’s figures are poised to start that descent, with the rate of inflation probably falling to around eight per cent [...]
Shack up or ship out – why London’s rental market is no place for singles May 23, 2023 London’s notoriously cut-throat rental market has long lured couples into cohabitation in desperate efforts to save costs as opposed to it being the next natural step in the relationship. However, over the past 12 months a cocktail of shrinking supply and rising rents has made trying to find a home or even a room in [...]
Sadiq Khan: London needs more powers to ensure its businesses thrive post-Brexit May 23, 2023 Businesses in London are struggling to attract the right talent post-Brexit. To ensure the Square Mile remains the most competitive financial system, London needs more decisional power, writes Sadiq Khan
Sadiq Khan hosts crunch business talks with City figures May 23, 2023 Sadiq Khan has warned London’s businesses are facing “the most difficult period in living memory” as a result of Brexit, the Covid-19 pandemic and the inflation crisis. The Mayor of London has called for the government to devolve some immigration powers to City Hall as a means of tackling regional labour shortages sparked by the [...]
Do FTSE 100 bosses need more money? May 23, 2023 A debate is raging in the Square Mile over how much executives are paid - do UK firms need to pay more money to attract the best talent?
London Stock Exchange eyes world-first private stock exchange launch by next year May 23, 2023 The London Stock Exchange has said it could launch a world-first stock market for private companies as soon as next year as it looks to revive the fortunes of the Square Mile and stop a flood of firms leaving for New York.
Don’t believe the hysteria, landlords will barely pay a penny for rent reforms May 23, 2023 The new renters' rights laws attracted criticism because some argued they would drive landlords out of the market. Yet that is a misguided way of looking at these much-needed laws, writes Elena Siniscalco
In the former coalfields of North Yorkshire is a story of how to actually level us up May 23, 2023 The regeneration of former coalfields can teach the Conservatives a lesson on their own flagship policy - levelling up
