Seething Tory row overshadows Boris Johnson’s much-trumpeted post-Brexit visit to India as allies lash out at critical MPs April 22, 2022 Allies of Boris Johnson have lashed out at Tory MPs calling for the Pinrime Minister to resign after the House of Commons ordered a third inquiry into lockdown parties in Downing Street. Senior backbencher Tobias Ellwood said there had been “a huge breach of trust” with the British people as he called on Conservative MPs [...]
Brexit checks: Disbelief and confusion at Gibraltar border as Spain blocks British nationals from entering April 22, 2022 There are reports coming in that Spanish authorities are refusing entry to British nationals trying to enter the country from Gibraltar. Numerous British citizens were unable to enter Spain yesterday as authorities at the border with Gibraltar demanded to see hotel reservations and evidence of onward travel, such as a return ticket or train reservation. [...]
Boris Johnson urges post-Brexit negotiators in India to ‘get it done’ despite Modi’s looser ambitions for trade deal April 22, 2022 Prime Minister Boris Johnson has urged post-Brexit trade deal negotiators working with India to “get it done” this autumn, despite much looser ambitions on the side of his Indian counterpart Narendra Modi. After holding talks in New Delhi on Friday, Modi called for an “immediate ceasefire” in Ukraine but stopped short of criticising Russia’s actions [...]
FCA orders challenger banks to stop cutting corners in combating money laundering April 22, 2022 One of the UK’s main regulators has warned challenger banks to stop cutting corners in combating financial crime so that customers can set up accounts quickly and easily. Sarah Pritchard, who heads the market division of the City regulator, said that there cannot be a “trade-off” between getting customers to come into the fold and [...]
Post-Brexit travel: New £200 ‘Global Britain tax’ on flights to destinations more than 5,500 miles from UK April 21, 2022 Government plans for a new so-called ‘Global Britain tax’ will make it harder and more expensive for British businesses and investors to forge important new relationships with markets outside Europe, with up to £200 in additional taxes being put on the cost of flights, business leaders warned today. In fact, passengers flying to fast-growing destinations [...]
Exclusive: Sun European’s managing director on private equity deal-making in the City post-pandemic April 21, 2022 Time for City A.M. to catch up with investment veteran and City insider Mark Corbidge, managing director and a member of Sun European’s Investment Committee.
Brexit and pandemic onslaught have altered UK workforce with highest-ever number of non-EU workers April 21, 2022 UK, EU and non-EU payroll data varied drastically during the course of the pandemic, according to fresh data sent to City A.M. this morning. While the UK entered the first lockdown in March 2020 with payroll numbers at 25.7m that then dropped to 24.9m by March 2021, non-EU payroll saw figures at 2.12m in March [...]
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Nicola Sturgeon: If Scots again reject independence, I will resign as Scotland’s First Minister April 20, 2022 Scotland’s First Minister said today she will most likely resign as Scotland’s First Minister if her party loses another independence referendum. Appearing on popular daytime talk show Loose Women, Nicola Sturgeon was quizzed by panellist Carol McGiffin on what it would take for her to resign as leader. Sturgeon insisted she has no intention of [...]
Mail chaos expected as thousands of Post Office workers agree to full-day strike over pay April 20, 2022 Thousands of Post Office staff across the UK are to stage a one-day strike in a dispute over pay. Members of the Communication Workers Union (CWU) will walk out on May 3 after voting overwhelmingly in favour of industrial action. The union said the strike is over a pay freeze for 2021 and the offer [...]
