Covid alarm bells ringing across Europe as Coronavirus cases rise rapidly November 12, 2021 Coronavirus infections are again sweeping across parts of western Europe, nearly two years into a global health crisis that has killed more than five million people. A World Health Organisation (WHO) official said coronavirus deaths rose by 10 per cent in Europe in the past week, and declared that the continent was “back at the [...]
‘Middle-class stampede’ for equity release as wealthy homeowners flock to lifetime mortgages November 12, 2021 The average property value of a lifetime mortgage customer has passed the half a million pound mark for the first time as the industry continues to make waves with financial advisers and wealthier customers, according to new data shared with City A.M. today. The steep rise in property prices over the past year cannot entirely [...]
Today in London: Latest attempt to find breakthrough in Brexit talks on Northern Ireland Protocol November 12, 2021 The latest round of talks with the EU to rehash the UK’s post-Brexit trade arrangements for Northern Ireland are due to begin in London. The Government’s chief negotiator to the EU, Lord Frost, is to meet European Commission vice-president Maros Sefcovic on Friday, in the latest round of talks about the Northern Ireland Protocol. In [...]
Cash-for-honours scandal forces top aide to Prince Charles to resign as Clarence House cuts ties November 12, 2021 An alleged cash-for-hours scandal has forced a former aide to the Prince of Wales to resign as chief executive of one of Charles’ charities. Michael Fawcett and his party planning company will also no longer be providing services to Clarence House, a spokesperson said. Fawcett, Charles’ former royal valet, had temporarily stepped down as chief [...]
From drivers to prison officers: Rapid jump in job adverts as vacancies climb to 2.7m November 12, 2021 Rising demand for driving instructors, prison officers and forklift truck drivers is helping to fuel an increase in job adverts, new research suggests. Around 221,000 new job adverts were posted in the first week of November, the fourth highest weekly figure since the start of 2020, taking the total to nearly 2.7m, according to the [...]
‘Acute’ staff shortages and rising energy bills force most businesses to hike their prices November 12, 2021 Amid ‘acute’ staff shortages and the rising cost of fuel and energy, most businesses are increasing their prices. A survey of 1,000 firms showed that four out of five increased the price of their goods or services in the past year. The British Chambers of Commerce (BCC) said its study indicated that nine out of [...]
Nokia warns malware threats are rising rapidly as more Brits use mobile banking apps November 11, 2021 Banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information. Mobile giant Nokia said it based its warning on data that was aggregated from network traffic monitored on more than 200m devices globally and showed an 80 per cent, year-on-year increase in the first half of the year in the number [...]
£450bn of UK pension funds’ inflation-linked liabilities remain unmatched November 11, 2021 £450bn of inflation‐linked liabilities belonging to UK pension funds remain unmatched, according to new data shared with City A.M. this afternoon. As higher inflation risks currently prevail means demand for inflation-linked assets continues, yet there is a lack of supply of such assets, according to Alpha Real Capital The firm’s analysis suggests the value of [...]
London as you have never seen the capital before, through the lens of Kensington native Peter Dazeley November 11, 2021 After so many months of lockdown, it is wonderful that locations are opening up again and coming back to life. Find below a selection of London photographs from Peter Dazeley’s new book, London Explored , which were shared with City A.M. today. Which places do you recognise? Dazeley, is a photographer who lives in Kensington and works [...]
OECD ranking: The award for the country with the world’s most competitive tax system goes to… November 11, 2021 Estonia tops the rankings in a new report by the Organisation for Economic Co-operation and Development (OECD) that was published today by the Tax Foundation, a tax policy non-profit in the U.S. The ranking zooms in on the the most competitive tax regimes around the world. Estonia’s top score is driven by a 20 per [...]
