UK farmers over the moon as Biden agrees to lift 32-year old US ban on British lamb September 22, 2021 President Joe Biden’s administration is planning to lift a 32-year old ban on the import of British lamb, in a move that has delighted sheep farmers in the UK. Prime Minister Boris Johnson highlighted the move to lift the ban while speaking to reporters in Washington D.C. earlier this afternoon, as he admitted he is [...]
Debt payment by Evergrande eases market jitters over messy default September 22, 2021 Evergrande said today it will make a payment due on a domestic bond, easing jitters over a messy default, for a little while at least. Watch the full report.
Brexit cancels bonfire night: Import rules reduce UK firework supply by 70 per cent September 22, 2021 The UK is receiving just 30 per cent of the fireworks stock that suppliers usually have for the year, City A.M. has been told today. In fact, there won’t be enough fireworks for the usual Bonfire Night celebrations, and as the date approaches, low supply will increase prices for consumers, according to Doncaster-based supplier Fireworks [...]
Exclusive: HMRC disbands ‘secret’ unit that probed family investment companies September 22, 2021 A dedicated unit within HMRC that focused on family investment companies has been disbanded, City A.M. understands. A source within HMRC confirmed this afternoon that the ‘secret’ specialist HMRC unit, which was set up in 2019 to investigate risks associated with family investment companies and tax avoidance risks, has been wound up. The primary reason [...]
Exclusive: Chatrooms and Reddit groups increasingly drive traders’ decisions September 22, 2021 Chatrooms and social media groups are increasingly driving UK traders’ investment decisions, according to new data that was exclusively shared with City A.M. today. UK investors are catching the investment chatroom bug with nearly one in ten regular traders using chatrooms to research ideas, ETP provider GraniteShares has found. Subreddits such as WallStreetBets are increasingly [...]
London’s first charter ‘much needed’ as data is increasingly a corporate asset, says specialist September 22, 2021 Yesterday it was announced that London First will be launching the London Data Charter, which sets out the guiding principles for private and public sector data collaborations. The initiative aims to create commitment from signatories to be a part of London’s data ecosystem, by opening and sharing their data to define the collaboration and data-sharing [...]
CEO: ‘Incredible year’ for £88bn Covid loan bank as it helped 1.6m businesses to bounce back September 22, 2021 The taxpayer-owned bank that helped funnel billions of pounds worth of loans to British companies said it went through a “gigantic shift” during the pandemic year, the chief of the British Business Bank said this morning. Catherine Lewis La Torre said this morning that the BBB, which she leads, had an “important role” in the [...]
State pension scandal: Human errors led to £1bn in underpayments for 134,000 Brits September 22, 2021 Repeated human errors led to more than £1bn-worth of state pensions being underpaid, the UK spending watchdog said this morning. Around 134,000 pensioners were underpaid, the Department for Work and Pensions (DWP) said, adding it plans to pay an average of £8,900 to people affected, the National Audit Office (NAO) said. Most of those affected [...]
Nation of entrepreneurs: UK home to more small businesses than any other country in Europe September 22, 2021 The number of small businesses has skyrocketed in the past year. With a wave of redundancies and furloughing alongside spending more time at home, people took the opportunity to set up their own small businesses. This has meant that the world has seen an increase in ‘micro enterprises’, businesses with less than 10 employees. To find out which countries [...]
Govt seeking legal injunction against M25 protestors as they are labelled ‘guerrilla’ activists September 22, 2021 The Government has reportedly instructed officials to seek an injunction against an environmental group after they shut down the M25 five times in just over a week. The Daily Mail writes this morning that an injunction against Insulate Britain is likely to be sought by National Highways in the High Court on Thursday. The action [...]
