Don’t let the NIMBYs win: Onshore wind is essential to UK’s energy future February 13, 2023 The government must commit to lifting highly restrictive onshore wind planning laws if it is serious about the UK's energy policy.
City celebrates ‘human’ business leadership at TLC Lions awards night February 13, 2023 The City’s brightest and best business leaders gathered on Thursday evening last week to celebrate and recognise people and companies that have sought to create a more human working world. Over 240 guests attended the ‘TLC Lions – Being Human Awards 2023’ at the 5-star Pan Pacific London Hotel ballroom. Gian Power, CEO and Founder [...]
UK banks set to report record profits of £37bn beating pre-financial crisis highs February 13, 2023 The UK’s top banks are set to unveil record profits in the next two weeks after sharp interest rate hikes boosted the lenders’ coffers last year. The big five FTSE 100 banks – Barclays, HSBC, Lloyds, NatWest and Standard Chartered – could post cumulative pre-tax profits of £37.4bn as they reveal their earnings for 2022, [...]
Crypto venture capital dries up as investors flee after FTX turmoil February 13, 2023 Investment into cryptocurrency startups collapsed at the end of 2022 as the market was shaken by the implosion of Sam Bankman-Fried’s exchange FTX and a string of high-profile bankruptcies, new research has revealed. The flow of cash into crypto start-ups fell to $2.5bn in the final three months of 2022 – down 75 per cent [...]
Davos has always been riding on a high but it’s in the grip of a downhill spiral February 13, 2023 For decades, political and business leaders have gathered at Davos, but the World Economic Forum has started to lose its shine, writes Eliot Wilson
Britain’s abysmal numerical abilities are no laughing matter if we want a strong future February 13, 2023 Britons pass off being bad at maths as a joke, but our lack of numerical skills are a serious challenge for our workforce and our future economy, writes Nicholas Lyons
Our growth problem won’t be fixed by tax cuts unless we get people back to work February 13, 2023 Growth is not simply a product of tax cuts, but of looking at policies across the board which could boost our economic output and keep our workforce strong, writes Neil Carberry
Home REIT’s top tenant looking to offload leases as cash troubles continue February 13, 2023 The biggest tenant of beleaguered property investor Home REIT is looking to offload its leases to other housing providers after warning it can no longer pay rent to the firm, City A.M. has learned.
Cost of living crisis could drive the Bank of Mum and Dad bust, life office warns February 13, 2023 The wealth of parents who have been supporting their ‘adult’ children could be about to dry up, a life office has warned. According to the Institute for Fiscal Studies (IFS), £17bn a year is gifted or loaned annually, almost all from parents to adult children But Canada Life said its survey found that almost half [...]
Make childcare cheaper to tackle UK’s talent crunch, business lobby says February 12, 2023 The UK government should make childcare more affordable to help ease the country’s labour shortages, the British Chambers of Commerce (BCC) has said. In the upcoming Spring Budget, UK chancellor Jeremy Hunt should set out plans to help “cash strapped” parents pay for childcare, the business lobby group said. It warned talent shortages are holding [...]
