City Moves: Who’s switching jobs in the Square Mile today? November 25, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Deloitte Deloitte’s Financial Advisory practice has hired a new partner in its Financial Institutions Group (FIG) Corporate Finance M&A Group, to help offer advisory services to banking clients. Joining from investment bank Alantra after beginning his career at Lloyds [...]
The time has come for a football regulator with teeth November 25, 2021 The point of free-market capitalism, which this paper subscribes to with whole-hearted support, is not that the animal forces of supply and demand should be left perfectly unchecked. For that reason, we set a level playing field – from the Financial Conduct Authority to the Competition and Markets Authority, we put safeguards in place to [...]
Waltham Forest house prices see sharpest jump since 2002 November 25, 2021 The London boroughs of Kensington and Chelsea, Westminster and the City of London have marked the largest jump in house prices in London since 2002. Unsurprisingly, prices in leafy Kensington and Chelsea shot up by £863k in two decades. This was an increase of 223 per cent. Westminster prices saw a £600k jump. However, the [...]
First time buyers face significant barriers as earnings lag behind soaring house price growth November 25, 2021 First time buyers are facing significant hurdles to raising a deposit as they come up against high prices relative to average earnings. House price growth has surpassed earnings growth over the past year and the ratio of house prices to earrings has hit a record high, the Nationwide House Price Index set out. A 20 [...]
Sin taxes on smoking and sugar harm the people they’re supposed to help November 25, 2021 According to an economic study published last month, 90 per cent of all “sin taxes” on tobacco, alcohol and soft drinks in the US are paid by just 20 per cent of households. Eighty per cent of the taxes are paid by just ten per cent of households. This tax burden tends to fall disproportionately [...]
In defence of Peppa Pig, an unlikely flagbearer of Britain’s financial finesse November 25, 2021 Whisper it softly, but hidden in Boris Johnson’s bungled speech to the CBI on Monday, was a half decent idea struggling to get out. Forget the repeated apologies, the shuffled papers or the bizarre anecdote about his weekend, the star of the show was Peppa Pig, that irritating cartoon creature that toddlers adore. As the [...]
If we’re coughing up for the social care levy, the reforms need to build new foundations November 25, 2021 Once again social care is in the headlines and, once again, it’s about arguments and bad news. The government’s proposals for a cap on a person’s lifetime care costs from 2023 met a lukewarm reception when they were first announced in September. People were looking for more targeted investment and wider reform that would make [...]
Stop patching – start rewriting: modernising tax administration November 25, 2021 An unsuspecting taxpayer might assume that the Taxes Management Act 1970 (TMA) would tell them all they need to know about complying with their tax obligations – and HMRC’s powers to enforce that compliance. However, they would be disappointed. What is wrong with TMA? Since 1970 there have been major upheavals in the rules for [...]
Millions of Brits plunged into financial crisis by whirlpool of inflation and swelling energy bills November 25, 2021 Swelling energy bills, soaring inflation and stinging food costs have plunged millions of Brits into a winter financial crisis, reveal new figures released today. 3.2m poorer households who rely on wafer thin budgets to meet the cost of living will be unable to pay for basic things, research by Citizens Advice, the charity that supports [...]
Hochschild Mining stock price recovers after proposed ban from Peru November 25, 2021 Hochschild Mining investors rejoice following confirmation that the mining firm will be able to continue its operations in Peru, pushing its stock price up more than 14 per cent. The London-listed miner was facing a ban from southern Ayacucho, Pallancata and Inmaculada at the beginning of the week, after the Peruvian head of cabinet indicated that [...]
