China in deal to develop nuclear reactor in Essex September 6, 2015 CHINA is set to build a prototype nuclear reactor at an Essex site, with the government expected to give the project the go-ahead next month. French energy firm EDF has been trying to offload its Bradwell development site in Essex since 2009, when it first began the sale process as a condition of its purchase [...]
David Cameron braces for defeat on EU referendum bill September 6, 2015 Prime Minister David Cameron stands to be dealt a bruising defeat today if a cross-party coalition of Labour, the SNP and Conservative rebels vote down the government’s proposed changes to the EU referendum bill. Last week, Downing Street indicated that Cameron would U-turn on his initial refusal to impose a period of “purdah” ahead of [...]
Tesco Bank, Metro Bank and Aldermore put more pressure on Treasury over George Osborne’s new bank tax September 6, 2015 The government is expected to face fresh criticism this week as politicians and City bosses step up their attacks on a new bank tax. Labour and the SNP have tabled amendments that would exempt challenger banks and building societies from having to pay an additional eight per cent of UK profits in corporation tax, the [...]
Small firms less upbeat as skills gap gets wider September 6, 2015 The supply of skilled workers available for London firms to hire is plunging at its fastest rate for 18 years. The skills shortage adds to the headache of small businesses, which have had a worrisome summer after the introduction of a national living wage and higher dividend taxes. The Recruitment and Employment Confederation’s (REC) barometer [...]
British shopper loads could lighten in race to roll out driverless vehicles September 6, 2015 BRITISH shoppers and businesses could save a fortune if haulage companies start using driverless technology, a new report has revealed. The study found that the advent of automated, driverless vehicles in the courier and haulage sectors could deliver nearly £34bn in savings in a decade, significantly lightening the load for companies if those savings are [...]
Manufacturing growth forecasts halved amid market turmoil September 6, 2015 MANUFACTURING growth is expected to be slower than expected this year, as the recent turmoil in Europe and China’s economic slowdown threaten to dampen demand for orders at home and abroad. EEF, the manufacturers’ organisation, and law firm DLA Piper have halved their 2015 growth forecast to 0.7 per cent in the third quarter from [...]
UK housing supply shortage makes Britain a hotspot for residential property investors September 6, 2015 Britain’s housing shortage combined with the country’s strong economic growth has made it the fourth best place in the world if you are looking to park cash in residential property. The UK housing market, which has seen prices climb by 20 per cent over the past five years, was ranked behind only the US, [...]
TSB, RBS and Sage chiefs challenge employees to beat the boss, but are some taking it too far? September 6, 2015 Of course, City A.M. has nothing but praise for brave bosses who abseil, run and cycle alongside their staff for charitable causes, but are some getting too into the competition? The Capitalist has had growing concerns in recent weeks, after seeing three separate bosses goading employees into beating their fun run times. First [...]
City A.M.’s MD Lawson Muncaster takes on Lloyd’s building: He came, he saw, he abseiled down September 6, 2015 It happened! City A.M. co-founder and managing director Lawson Muncaster finally delivered over the weekend, after promising to abseil down the Lloyd’s building earlier in the summer. Muncaster, who made the descent along with the Lord Mayor and 85 City bosses, did so as part of the run-up to City Giving Day later this month. [...]
The City of London’s decade of growth – upwards September 6, 2015 An army of tall buildings that have transformed London’s skyline over the past decade – from the Heron Tower, completed in 2011, to the Shard, which opened in 2012 near the former site of City A.M.’s very first offices, New Bridge House. And there are many more to come in the next few years, [...]
