Reshuffle: Grading fiasco brought down gaffe-prone ‘Private Pike’ Gavin Williamson September 15, 2021 Gavin Williamson came under repeated pressure to resign over his handling of disruption to schools during the pandemic and the fiasco around grading of GCSE and A-level students amid cancelled exams. After more than two years in the job, his time as Education Secretary has finally come to an end as he declared he was [...]
Reshuffle: Robert Jenrick leaves cabinet after one controversy too many September 15, 2021 Robert Jenrick sought to present himself as a clean-cut professional in the Cabinet, but the axe fell on the housing secretary after a string of high-profile and damaging accusations. His sacking from Boris Johnson’s top team followed the unlawful approval of a Tory donor’s housing development and his eyebrow-raising journeys during lockdown. As Secretary of [...]
Reshuffle: Dominic Raab pays the price for ‘beach is closed’ holiday in Crete September 15, 2021 Foreign Secretary Dominic Raab has been removed as Foreign Secretary, moving to the Justice Department whilst also being formally appointed as Deputy Prime Minister. His demotion from foreign secretary follows widespread criticism of his handling of the Afghanistan crisis. He was on holiday in Crete as the Taliban swept across the country and was seen [...]
Get rich quick: 78 per cent increase in young money mules September 15, 2021 Money mule activity – people paid by criminals to launder cash – involving people young than 30s is rising rapidly. During the first half of this year, there has been a 78 per cent increase in accounts belonging to people aged under 21 bearing the hallmarks of money mule activity and a 76 per cent [...]
Golden year for startups: London may be heading for a post-pandemic unicorn boom September 15, 2021 The last 15 months has provided every aspect of society with an unprecedented challenge, not least to small firms and founders. The response of this section of business, however, has been nothing short of inspiring, with nearly 800,000 new firms incorporated in 2020. The response of the investors who back them has been equally stirring, [...]
Retail recovery race: Zara sales outpace rival H&M September 15, 2021 Sales at Zara-owner Inditex are almost back to pre-crisis levels, but arch-rival H&M is seeing a slower road to recovery. Watch the full report.
JP Morgan takes charge of Channel 4’s road to privatisation September 15, 2021 The government has appointed banking giant JP Morgan to provide advice on Channel 4’s future following a consultation into the possible privatisation of the public broadcaster. Culture Secretary Oliver Dowden is understood to have approved the American investment bank to provide corporate finance advice on the broadcaster’s remit, ownership and obligations. The appointment has not [...]
Scotland Yard hunting for sexual predator following three attacks near Dollis Hill tube station September 15, 2021 Police are appealing for information following a series of sexual assaults near a north-west London Tube station. The assaults took place on three consecutive weekends near Dollis Hill station, Scotland Yard said, and officers are treating the attacks as linked. A 30-year-old woman was followed by a male at about 11.25pm on August 28 and [...]
Apple’s new iPhone 13: Faster chips, sharper cameras and 5G September 15, 2021 Apple unveiled the iPhone 13 and a new iPad mini last night, expanding 5G connectivity and showing off faster chips and sharper cameras without raising the phone’s price. To encourage trade-ins, participating wireless carriers are offering incentives that could make a new phone free. Watch the full report.
Exclusive: UK fraud is big business at £52bn each year, says financial crime guru September 15, 2021 Financial crime, fraud and hacking soared during the pandemic as criminals took advantage of behavioural changes during three strict lockdowns. In fact, fraud and cybercrime jumped by nearly a third in the last twelve months. Time for City A.M. to catch up with financial crime guru Richard Wood, a former Morgan Stanley fraud manager who [...]
