US regulator approves Johnson & Johnson’s single-shot vaccine March 1, 2021 The Johnson & Johnson single-shot coronavirus jab has been given the green light by US regulators. It is the third vaccine the US Food and Drug Administration has approved, after Pfizer and Moderna, but the first to require only one shot. Before the Open newsletter: Start your day with the City View podcast and key [...]
FinTech revolution was borne out of 2008 crash, Rishi Sunak must nurture a post-crisis environment for innovation March 1, 2021 It was from the devastation of the global financial crisis the FinTech revolution emerged. The pandemic will spur a new era of innovation too, and it has the potential to be bigger and even more explosive than the past decade – if we get it right. Who knew that while we all watched on as [...]
A fifth of FTSE 100 firms changed CEO during pandemic March 1, 2021 A fifth of FTSE 100 bosses have left their roles over the past year as the pandemic ravaged corporates and triggered an overhaul of boardrooms. The outbreak of coronavirus saw a number of FTSE 100 tap shareholders for emergency funding as lockdown restrictions affected cashflow. As a result of this, there were 20 chief executive [...]
20 taxes to scrap: Britain’s growth needs a simpler tax system March 1, 2021 This week, Chancellor Rishi Sunak will present possibly the most consequential Budget in half a century. UK PLC is simultaneously struggling to cope with both the ongoing catastrophic impact of the Covid pandemic and the unanswered questions of what post-Brexit Britain will look like. According to the OBR, this year’s expected budget deficit will likely [...]
Six cases of Brazil Covid-19 variant found in the UK March 1, 2021 Six cases of the Brazil Covid-19 variant, potentially the most dangerous so far, have been found in the UK, according to public health officials. The variant is believed to be more transmissible than the original strain of the virus and may be resistant to the UK’s two approved Covid vaccines. Three of the cases have [...]
Chores, childcare, Covid and work: remote working has not been a great liberator for women March 1, 2021 Many have regurgitated a common myth: the Covid crisis has led to more flexible working, which helps working women attain better equality. The true picture, however, is more nuanced and complicated. Rather than being a great liberator, Covid has, in some ways, exacerbated the problems for mid-career women. A report published today by the Female [...]
Rishi Sunak should axe 20 UK taxes in Budget, says think tank March 1, 2021 The UK should axe inheritance tax, stamp duty, the TV licence fee and 18 other taxes to simplify the UK’s taxation regime post-Covid, according to a free market think tank. The Institute for Economic Affairs’ (IEA) pre-Budget release has called for Rishi Sunak to “simplify the tax system, reduce the overall burden of taxation, and [...]
Tech titans club together to launch climate change taskforce March 1, 2021 Some of the UK’s largest tech firms are set to create a taskforce to tackle climate change with commitments to reach net zero and boost green investment. The fifteen companies will work alongside the government’s sustainable business council to help with the move The “Tech Zero taskforce” includes leaders of allplants, Bulb, Babylon, Citymapper, Faculty, [...]
Budget 2021: UK to spend extra £1.65bn on Covid vaccine rollout February 28, 2021 Rishi Sunak will boost the UK’s Covid vaccine rollout in Wednesday’s Budget by pledging to spend a further £1.65bn on the distribution of the two available jabs. The chancellor said last night that the programme had been “a great success” and that it was “essential we maintain this momentum” by providing more funding for the [...]
The City View with Canaccord’s Alex Aylen February 28, 2021 City A.M. Acting Editor Andy Silvester is joined by Canaccord Genuity’s Head of Equities Alex Aylen to chat about the state of global stock markets and what her clients are looking for in their investment strategies. Andy also takes a brief look at the forthcoming Budget and talks to City A.M.’s James Warrington about two [...]
