Exclusive: We need a business mindset shift and new tools to get us there, says City insider June 20, 2022 ESG commitments for 2030 are high on the boardroom agenda, but are we asking the right questions? The big money question is, even if we meet our sustainability targets, does that secure the social conditions and environmental resources that we will need for businesses to operate in the future? Across the City, a viewpoint on [...]
Mystery deepens around Times story that claimed Boris Johnson planned to make girlfriend Carrie £100k chief of staff June 20, 2022 Questions are growing about a story that appeared in The Times newspaper, claiming that Boris Johnson planned to hand his then-girlfriend Carrie a £100k a year role. The story, which ran on page 5 of an earlier edition of The Times late last week, disappeared in later editions. According to multiple reports, there were concerns [...]
New Omicron wave growing fast: ‘We were wrong to think Covid was over and vaccination is not enough’ June 20, 2022 Covid-19 inflection rates in the UK and hospitalisations across Europe are on the rise. Meanwhile, new omicron sub-variants are growing more prevalent. Therefore, the Government’s panglossian messaging has undermined the public health response to a potential new Covid-19 wave, experts warn today. Dr Chris Papadopoulos, Principal Lecturer in Public Health at the University of Bedfordshire told City A.M. this morning that “in recent months the government has [...]
Missing out on £142 per week: More older Brits slide into poverty after rise of state pension age from 65 to 66 June 20, 2022 Roughly around one in seven 65-year-olds were in income poverty in late 2020 as a direct consequence of the state pension age rising from 65 to 66, according to the Institute for Fiscal Studies (IFS). Between late 2018 and late 2020, the state pension age for men and women rose from 65 to 66, leaving [...]
London boroughs sound the alarm bells as skyrocketing inflation is eating £400m hole into budget June 20, 2022 Skyrocketing inflation is driving £400m of additional budget pressures on boroughs in the capital, London Councils warned this morning. Although the government increased local authority funding this year, fast-rising inflation has effectively cut £100m from the financial uplift boroughs received for 2022-23. London Councils, a cross-party group representing all 32 boroughs and the City of [...]
Commonwealth is ‘unique’ opportunity for Global Britain after Brexit, says Boris Johnson ahead of leaders meeting in Rwanda June 20, 2022 Prime Minister Boris Johnson has said that Britain’s membership of the Commonwealth provides a “unique opportunity” to expand its trade with a series of “vast and growing” markets now that it has left the EU. The Prime Minister, who will this week attend the Commonwealth heads of government meeting in Rwanda, said economic links with [...]
Croydon woman slapped with record £500 fine for watching TV without paying licence fee June 20, 2022 A resident of Croydon has reportedly been fined close to £500 for watching television without having paid for her licence. Londoner Tina Cumber was ordered to cough up £459 during a hearing at Stratford Magistrates Court, held on 8 June after it was established that the watcher her TV without holding a proper license. The [...]
Recession concerns growing rapidly as central banks struggle to put inflation genie back in its bottle June 20, 2022 Despite attempts at a modest rebound on Friday, European markets still finished lower for the second week in succession, posting their lowest weekly closes since March. US markets also finished the week similarly mixed, but also sharply lower, with the S&P500 posting its worst week since March 2020, ahead of the Juneteenth long weekend. “As [...]
British manufacturers beg Treasury for more support to weather ‘the immediate storm’ June 20, 2022 British manufacturers have called on the Treasury to offer more support amid a poor economic outlook to help “weather the immediate storm”. Make UK, trade body for manufacturers, and consultancy BDO found that costs are continuing to rise and output opportunities have been stifled. A survey revealed that two thirds of companies (67.8 per cent) [...]
Indignant brokers fiercely dismiss Martin Lewis’ notion many mortgages are ‘a ticking time bomb’ June 19, 2022 The well-known personal finance guru Martin Lewis recently warned that mortgages are a “ticking time bomb” for homeowners, as he said Brits should lock in cheap mortgage rates soon before monthly payments become unaffordable. Lewis’ comments come as the cost of living for most Brits is climbing fast, with energy bills going up by an [...]
