Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City A.M. this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
Financial services litigation in 2022: Push payments, crypto fraud, ESG and a jump in interest rates January 22, 2022 Push payments, cryptocurrency fraud and a jump in interest rates could lead to more litigation in the financial services sector in 2022, an industry expert discussed with City A.M. this weekend. One of the biggest drivers of financial disputes this year could be authorised push payment fraud. Authorised push payment fraud involves fraudsters duping consumers [...]
The unstoppable rise of the challenger bank: Canary Wharf’s retail giants have reasons to be worried January 22, 2022 If traditional retail banks have paid any attention to the latest data from the City watchdog, they have reasons to be worried, because challenger banks are increasingly taking over traditional banking services from established financial institutions. In fact, nearly 10 per cent of all accounts are now held with a so-called digital “challenger” bank. A [...]
Amazon, NHS, Google, Tesco or Apple perhaps: These are the companies we want to work for the most January 22, 2022 As we all have differing dreams and ambitions, the organisation we want to work for can vary. S ome of us are motivated by working in sectors that offer the most financial gain, whereas others are interested in jobs that can make a real difference in the world. But is there a particular organisation that [...]
Exclusive: More than 9m Britons hope to acquire their first home or buy a new property this year January 22, 2022 One in five UK adults plan to buy a property in 2022, according to a new study that was exclusively shared with City A.M. this morning. new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this [...]
Four day working week reaches UK hospitality as iconic Landmark London hotel puts chefs on more pay for less time January 22, 2022 The Landmark London hotel has become the first major hospitality company in the UK to embrace the four day working week trend, telling City A.M. that its chefs will shave off one day a week from February without losing any of their pay. In fact, the five star Grand Dame hotel said its chefs will [...]
Nearly 2 million people were killed by air pollution in just one year January 22, 2022 New research published this morning shows that air pollution killed just over 1.8m people in 2019 alone. The study into fine particulate matter concentrations and the mortality rate in cities found that approximately 86 per cent (2.5 billion people) of urban inhabitants lived in areas that exceeded the World Health Organisation’s 2005 air quality guidelines. [...]
Broadgate break: New 1.5 acre park opens in the heart of the City as workers flock back into the Square Mile January 22, 2022 The first City workers strolled through the Square Mile’s newest park this morning as the 1.5-acre Exchange Square, located at Broadgate, opened for the public after an extensive revamp. The park, part of a £1.5bn revamp of the square, quadruples the amount of green space at Broadgate and creates a new outdoor space for workers [...]
Four-day working week pilot launches in UK with 100-80-100 model: Full pay and productivity but 80 per cent of the time January 22, 2022 A four-day working week six-month pilot programme has been launched today in the UK. Participating companies and organisations will trial a four-day week with no loss in pay for employees based on the principle of the 100:80:100 model. This entails 100 per cent of the pay for 80 per cent of the time, in exchange [...]
BT slaps millions of customers with 9 per cent hike in charges on phone and broadband bills January 21, 2022 Telecoms giant BT has said it plans to increase prices by 9 per cent from the end of March for most customers, another sign the cost-of-living squeeze is deepening. The company said those affected will end up paying an extra £3.50 a month – or £42 annually – on average for phone and broadband bills. [...]
