Return to sender: Royal Mail boss ‘set to quit’ after bruising strike battle May 9, 2023 The embattled Simon Thompson's departure from Royal Mail could be announced as soon as this week, according to City sources
As the middle classes rush to degree apprenticeships, poorer British kids miss out May 9, 2023 Degree apprenticeships create a rare species of child - an economically independent 21-year-old, but as middle class parents discover this, they become harder to access for poor British kids, writes Eliza Filby.
The advance of India ahead of China offers new ground for a Global Britain May 9, 2023 As India overtakes China as the most populous country, the UK should make the most of its historical ties to have influence as Delhi starts to throw Beijing's power off-kilter, writes Eliot Wilson.
Morning in the City: News and market updates, live May 9, 2023 Good morning and welcome to City A.M.’s live blog as the Square Mile returns to work after the Coronation weekend.
Why you should never, ever bet against UK house prices May 9, 2023 Remember the start of the year? “UK house prices have gone into sharp reverse over recent months. And we expect that elevated mortgage rates will result in at least a 12 per cent price correction,” so said Capital Economics at the time. This is from building society Nationwide last week: “While annual house price growth [...]
City needs a whole ecosystem to attract the best and brightest May 9, 2023 Soft power success or waste of time and money? We’re more inclined to side with the Lord Mayor than some on Twitter when it comes to the weekend’s festivities. Clearly, the coronation was always going to kick off an almighty debate on the role of the Royal Family in the twenty-first century; but regardless of [...]
The pomp and spectacle of the Coronation is a display of our soft power to the world May 9, 2023 Major events like the Coronation create unity at home and boost our soft power abroad - and so does our monarchy, with its strong link with the City of London, writes Nicholas Lyons
Regulator’s new enforcement proposals meet with mixed reviews from experts May 9, 2023 Plans to encourage self-reporting from financial firms under investigation have received mixed reviews from regulation experts. Under proposals set out last week, the Prudential Regulation Authority (PRA) said subjects under investigation could halve their fines by cooperating early in the investigation. The PRA said the so-called ‘early account scheme’ is designed to provide “greater clarity [...]
Bank of England to hike interest rates for 12th time in a row and forecast falling inflation May 9, 2023 The Bank of England is poised to intensify the strain on households and businesses’ finances by hiking interest rates for the 12th time in a row this Thursday in a bid to bring down inflation, City analysts are betting. Threadneedle Street’s nine-member Monetary Policy Committee (MPC), the group tasked with setting official borrowing costs in [...]
Bring me sunshine! Retailers hit by grim April weather as economy held back by the rain May 9, 2023 Retailers continued to be bruised by soaring inflation and poor weather conditions in April, as the sector holds out hope for summer to give a much needed boost in sales. Data by the British Retail Consortium (BRC) showed that while retail sales rose slightly over five per cent during the month, overall inflation meant that [...]
