Weekend Read: Brexit and the pandemic have cost UK businesses £250bn, each January 30, 2022 The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic. British companies have lost over £250bn to Covid and an equal amount to Brexit by the end of 2021, but the Brexit tally is now rising faster, The Centre for Economics and Business Research found that Covid-19 lockdowns had [...]
Weekend Read: Legal minds discuss how Sue Gray report could prejudice police probe into partygate January 30, 2022 Publishing the findings of Sue Gray’s inquiry could prejudice the police investigation into allegations of lockdown-breaking parties in Downing Street, the Metropolitan Police said yesterday morning. However, lawyers have questioned how this could be the case, as they zoom in on both investigations and look at the legal aspects of finding the truth in what [...]
Fraud minister who resigned this week opens up: ‘I didn’t want to blow my top, but I was very angry’ January 29, 2022 The government minister who quit this week over the “schoolboy” handling of fraudulent Covid-19 business loans said of his resignation during a speech at the despatch box in the House of Lords: “I didn’t want to blow my top, but I was very angry.” Lord Agnew of Oulton, who was the Tories’ anti-fraud minister, says [...]
Brexit border: UK and EU have ‘months to stop tourist traffic grinding to a halt’ if no deal is reached January 29, 2022 British tourists headed for city breaks in Paris or sunny getaways in Spain in September could be hit by new biometric checks set to be required at the border. In fact, the UK has just months to avoid huge disruption to holidaymakers when new EU rules come into force – despite knowing about the problem [...]
Weekend Read: What are London’s property hotspots? January 29, 2022 Which London boroughs have been the busiest housing markets in the past 12 months when it comes to the number of homes sold as a percentage of all private dwellings within each borough? On an individual borough-by-borough level, the busiest area n 2021 in London was Havering, according to data shared with City A.M. this [...]
Coronavirus close-up: Long Covid changes some patients’ lungs forever January 29, 2022 Many long Covid patients who have breathlessness experience abnormalities in the lungs of long which cannot be detected with routine tests. In fact, there is significantly impaired gas transfer from the lungs to the bloodstream in the long Covid patients despite other tests – including CT scans – coming back as normal, according to a [...]
World number one Ashleigh Barty wins Australian Open women’s singles title after beating Danielle Collins January 29, 2022 World number one Ashleigh Barty has won the Australian Open women’s singles title by beating Danielle Collins 6-3 7-6 (2). Barty’s serve is the foundation of her game, and she had been broken just once in six matches, but that became twice in the second game of the second set as the top seed again [...]
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Scotland Yard urges Sue Gray to make only ‘minimal reference’ to events investigated by police January 28, 2022 Scotland Yard asked for the Whitehall inquiry into allegations of lockdown-breaking parties in Downing Street to make only “minimal reference” to the events being investigated by police. In a statement, it said: “For the events the Met is investigating, we asked for minimal reference to be made in the Cabinet Office report. “The Met did [...]
