Donelan: Tech success must make Brits’ lives better March 6, 2023 THE GOVERNMENT’S new technology secretary has promised to turn the UK’s research triumphs into “actual, tangible benefits” for the country as she launches a new science and tech framework today. Writing for City A.M., Michelle Donelan said the UK’s “most incredible days of innovation are not in our past (but) are happening right now.” Donelan [...]
UK’s Serious Fraud Office to face Kazakh miner ENRC in court as decade-long legal fight continues March 6, 2023 The UK’s Serious Fraud Office (SFO) will today face Kazakhstani mining company ENRC in London’s High Court, as it continues its fight against the British government agency almost 10 years after it first launched an investigation into the former FTSE 100 firm. The SFO first launched its investigation into ENRC in April 2013 in relation [...]
Chancellor to face ‘tough choices’ in delivering Spring Budget despite having to borrow £30bn less March 6, 2023 Jeremy Hunt will be forced to make tough decisions in his upcoming Budget, experts have warned, despite the Chancellor having considerably more wiggle room than previously thought. Improvements in the state of the British economy mean Jeremy Hunt will have to borrow £30bn less than the Office for Budget Responsibility’s (OBR’s) November forecast showed, according [...]
Exclusive: Tech chiefs look to win over pension funds on UK ‘sovereign wealth fund’ plans March 6, 2023 Tech and fintech industry chiefs have met with some of the City’s top pension funds as part of plans to create a UK “sovereign wealth fund” that could help unleash a wave of funding into the UK’s tech startups, City A.M. can reveal.
Exclusive: Home REIT and property vendor urged tenants to ‘corroborate’ sustainability claims as part of ESG ‘box ticking’ March 6, 2023 Home REIT and a property dealmaker urged the firm’s tenants to “corroborate” dubious sustainability claims as part of an environmental, social and governance (ESG) “box ticking exercise”, City A.M. can reveal. Gareth Jones, a partner at the beleaguered social housing firm’s former investment adviser Alvarium, told property vendor Christopher Downing in August to ensure that [...]
The Notebook: Ian Whittaker on the City’s listing problem March 6, 2023 An ex-CFO of a FTSE 100 company once said to me “I love seeing US investors because they recognise the role of the capital markets is to provide capital to grow.” “For UK investors, it is all about capital preservation and the dividends,” they continued. Capital growth and capital preservation: two phrases, one word difference. [...]
The financial crisis lurking in the shadows: Why regulators must now turn their attention to shadow banking March 6, 2023 Some would argue that predicting the next financial crisis is a near impossible task. But Nobel-prize winning economist Douglas Diamond said in October last year: “The last [financial crisis] started in the banks, it stayed in the banks. This one’s going to start in the shadow banks and the companies.” Shadow banking encompasses a variety [...]
If Sue Gray becomes Starmer’s chief of staff, she’ll have some answers to give March 6, 2023 Sue Gray has every right to take the job as Keir Starmer's chief of staff. But because of her involvement in the "Partygate" saga, she must clarify what happened in the background, writes Eliot Wilson
We must strengthen our ties with the US, so London and New York can grow together March 6, 2023 We now have a golden opportunity to make our economic and political relationship with the United States stronger. As two leading financial centres, we benefit if we grow together, writes Chris Hayward
To save the NHS, we need radical reform designed by independent experts March 6, 2023 The NHS is in urgent need of bold reform. Perhaps the best way to save it is through an independent commission of experts who can set policies that go beyond politics, writes Martin Jones
