Unused office space ‘to cost London firms £13bn’, survey shows November 16, 2020 The shift to homeworking, accelerated by the coronavirus pandemic, could cost London businesses almost £13bn in unused office space, according to the latest research. London office workers want to spend an average of 2.7 days per week back in the office once all coronavirus restrictions are lifted, as long as they have the resources to [...]
Sam Torrance: Masters magic can unlock more major success for vastly improved Dustin Johnson November 16, 2020 You couldn’t have asked for a much better Masters than the one Dustin Johnson just won in fantastic fashion. OK, it’s more exciting when there’s two or three players vying at the end, but he was sublime and outclassed the whole field. The signs were there. Johnson’s form going into Augusta included four top twos [...]
Exclusive: Ministers risk ‘catastrophic’ outcome for financial services in Brexit talks, warns mayor November 16, 2020 Sadiq Khan has today warned that the Government risks a “diminished country” if it fails to protect the financial services industry in Brexit negotiations.
Government must shield, not sacrifice, financial services in Brexit negotiations November 16, 2020 The health and success of London’s financial businesses is pivotal to the national interest. Banks and other financial institutions that operate out of the Square Mile and Canary Wharf play a vital role in financing businesses, start-ups and critical infrastructure projects in every corner of the UK.
What are free ports and what are the economic benefits? November 16, 2020 This morning the Treasury announced that the bidding process for the creation of up to 10 new “free ports” in the UK had opened. The first of these sites are expected to begin operating in 2021, in the hope of boosting international trade after Brexit. But what are “free ports” and why is the government [...]
Sadiq Khan forced to cut budget by £38m after Covid leaves black hole November 16, 2020 Sadiq Khan has revised the Greater London Authority’s budget downward by £38m after a drop in revenue due to the Covid crisis. A statement from City Hall said the drop in spending is “because of a forecast unprecedented loss of business rates and council tax income, caused by Covid-19, and the government’s refusal to adequately fund local and [...]
Hungary and Poland veto EU budget and coronavirus recovery fund November 16, 2020 Hungary and Poland have effectively vetoed the European Union’s budget and coronavirus recovery package in response to plans to make access to funds conditional on adhering to the rule of law. The veto came as top EU officials and countries’ ambassadors today discussed the €1.1 trillion (£990bn) budget, which covers 2021-27, and the €750bn coronavirus [...]
HMRC criminal actions against rich individuals jump 40% in 2019/20 November 16, 2020 The number of arrests, dawn raids or interviews carried out by HMRC in respect of corporate and high net worth individuals jumped 40% last year. Criminal actions launched by HMRC’s Offshore Corporate and Wealth (OCW) unit increased to 70 in the 2019/20 tax year, up from 50 in 2018/19, according to a freedom of information [...]
Wall Street and European markets cheer highly effective Moderna vaccine November 16, 2020 Wall Street indexes followedthe FTSE 100 and indexes in the rest of Europe higher after more good news in the search for a Covid-19 vaccine
We take the ferocious new McLaren 765LT flat-out at Silverstone November 16, 2020 Lighter, faster and more focused, the new 765LT supercar is McLaren at its best. Tim Pitt drives it on-track.
