City should brace itself for €900bn Brexit hit if Brussels plays clearing politics September 17, 2021 The City and several financial services groups in Brussels are lobbying for an extension to clearing house access beyond June of next year. Yesterday, a trio of major lobby groups for Europe’s finserv sector called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to [...]
Exclusive: UK ‘tax gap’ for large businesses climbs as HMRC is owed £6.1bn in underpaid tax September 17, 2021 The UK’s estimate for underpaid and evaded tax by large businesses has jumped 15 per cent, according to new research shared with City A.M. today. The ‘tax gap’ for large businesses reached £6.1bn in the past year, ending 31 March 2020, up from £5.3bn the previous year, according to Square Mile-based law firm Pinsent Masons. [...]
Tax-free savings accounts set to lose thousands as inflation keeps climbing September 17, 2021 The rise in inflation means cash ISAs are set to lose thousands in real terms over the next five years. The average interest rate on a cash ISA rate is currently 0.31 per cent, per the Bank of England on 31 July, while the rate of inflation is now 3.2 per cent. At these rates, [...]
Prince Andrew can request unsealing of 2009 deal that protects him from sexual assault lawsuit September 17, 2021 Prince Andrew is permitted to request the unsealing of a 2009 settlement agreement that his lawyer claims protects him from a lawsuit alleging he sexually assaulted a girl two decades ago, a US judge has said. Manhattan Judge Loretta Preska said in a written order that Andrew can seek the information to support arguments that [...]
Flyer girl outside Liverpool Street station becomes LinkedIn sensation September 17, 2021 An intern handing out flyers outside Liverpool Street station in the City has gone viral on social media after posting a picture of herself online. Anya Jackson, who is currently doing a work placement for dating app Thursday, wrote on LinkedIn: “I did say in my CV that I am prepared to go out of [...]
Two New IRA members charged for killing Belfast journalist Lyra McKee September 17, 2021 Two men have been charged with the murder of Belfast journalist Lyra McKee. The 29-year-old was shot dead by dissident republicans in Londonderry in April 2019 as she observed rioting in the Creggan area of the city. The extremist group that styles itself the New IRA was responsible for the killing. The two men who [...]
Ofcom approves return of BBC Three to TV screens in January September 17, 2021 Media watchdog Ofcom has approved the return of BBC Three to a broadcast channel, five years after it was moved online. The channel has been an online-only service since being taken off air in 2016 and carried acclaimed series like Fleabag, Killing Eve and RuPaul’s Drag Race UK. The BBC said it plans to relaunch [...]
Andrew Neil was in a ‘minority of one’ about future of beleaguered GB News channel September 17, 2021 Differences over the direction in which channel GB News was heading prompted Andrew Neil to step down as chairman. The journalist and broadcaster, 72, appeared on BBC’s Question Time days after announcing his departure from the fledgling channel in a tweet where he said it was “time to reduce my commitments on a number of [...]
Greensill aftermath: Boris Johnson-ordered review calls for strengthening of lobby rules September 16, 2021 A review ordered by Boris Johnson in response to concerns over David Cameron’s lobbying attempts has called for a strengthening of the rules. The second part of the long-awaited report by Nigel Boardman was published on Thursday and called for a variety of reforms in the wake of the Greensill scandal. Boardman noted that if [...]
Hop growers, breweries and Tesco team up for ‘fruitier’ IPA-style beers to counter US imports September 16, 2021 A Worcestershire hop grower has teamed up with a Derbyshire brewery and retailer Tesco on the first of a series of “all-British grown” IPA-style beers aimed at halting the charge of imported ingredients from America. Newland-based hop factor and merchant Charles Faram has been on a 10-year mission to modernise the flavour of British hops [...]
