Unpaid overtime forcing public sector workers to quit Overtime Public sector workers are becoming “burnt out” and quitting their jobs after putting in millions of hours of unpaid overtime last year, according to a report. The TUC urged everyone to work their proper hours as part of its annual campaign against excessive unpaid overtime. The union organisation estimated that employers claimed £26bn of free [...]
Russia’s war in Ukraine marks ‘sea change’ in use of intelligence, GCHQ boss says WAR The conflict in Ukraine has represented a “sea change” in the release of secret intelligence to inform public debate, the head of the GCHQ spy agency has said. Sir Jeremy Fleming said the release of details by western intelligence agencies of the Russian military build-up in the run up to the invasion had helped counter Moscow’s narrative [...]
Hostage-taking by Iran has become ‘industrialised’, senior MP tells Nazanin Zachari-Ratcliffe Alicia Kearns Hostage-taking by states has become “industrialised”, according to the chairwoman of the Commons Foreign Affairs Committee. Conservative MP Alicia Kearns made the claim as she appeared on BBC Radio 4’s Today programme as it was guest-edited by Nazanin Zaghari-Ratcliffe, who was imprisoned in Iran for six years until her release earlier this year. Zaghari-Ratcliffe also [...]
Brits must prepare for ‘significant rail disruption’ into January due to strikes December 27, 2022 Rail passengers have been warned to prepare for “significantly disrupted” travel into the New Year amid a wave of industrial unrest sweeping across the country. The Network Rail warning came as members of the Transport Salaried Staffs’ Association (TSSA) at CrossCountry staged a 24-hour strike from 9pm on Boxing Day as part of a long-running campaign for [...]
IPL Auction: England’s Sam Curran becomes most expensive player in history at £1.95m December 23, 2022 England all-rounder Sam Curran has become the most expensive player in the history of the Indian Premier League (IPL) auction after Punjab Kings paid almost £2million for his services. Curran’s stock has never been higher after he starred in England’s T20 World Cup triumph in Australia last month, picking up the player of the tournament [...]
The Christmas Quiz: Twelve questions to test your grey matter December 14, 2022 Roll up, roll up, for the City A.M. quiz in association with Deloitte's economics team. Twelve questions, all (just about) related to business and economics
Bailey warns against ripping up City rulebook in Edinburgh reforms December 13, 2022 BANK OF ENGLAND Governor Andrew Bailey poured cold water on ambitious Government plans to rewrite the financial services rulebook today, warning that the regulatory issues which led in part to the global financial crisis have not gone away. The government is set to tweak some 30 pieces of regulation which it believes will free the [...]
City A.M.’s London Snowman Award December 13, 2022 And the winner for the City A.M. Snowman award goes too….
Letters: Startup survival of the fittest December 12, 2022 Agile startups can relieve pain points faster than big businesses – so long as they can survive the
Nightclubs face higher business rates next year in latest ‘hammer blow’ for the sector December 12, 2022 Press Association Nightclubs across the UK face higher property taxes next year in the latest “hammer blow” for the sector, according to new data. The new business rates rules unveiled in last month’s budget handed many high street firms lower tax bills from April next year. Pubs and high street shops are among those due to [...]
