Ministers press ahead with powers to intervene in financial rules September 8, 2022 Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.
FCA ‘right to resist’ financial inclusion role, legal experts say September 8, 2022 Granting the UK’s top financial watchdog responsibility for ‘financial inclusion’ would be “overreach” and give it powers that it cannot discharge, legal experts have warned today.
Travel abroad is too pricey, so don’t look down on London tourists – join them September 8, 2022 If you live West, then go East. If you live North, travel South. This is a new experience for most Londoners. East Londoners are more likely to visit Rome than Richmond; and Notting Hill residents are more familiar with the Balearics than Battersea.
Commons Snapshot: Maybe we need a boring Prime Minister September 8, 2022 Spare a thought for Keir Starmer’s flack, who have spent the better part of two years slogging it out to make him look less boring. Turns out all they needed to do was to put him up against Liz Truss. There were a few solid one-liners from the new prime minister, but it was a [...]
Letters: Soho doesn’t have the blues September 8, 2022 [Re: It’s time to ignore the Nimbys tucked up in to bed by10pm and re-pedestrianise Soho] Ben Ramanauskas bemoans the lack of late night alcohol venues in Hammersmith and then asserts that Soho has insufficient alcohol led entertainment after midnight. In fact Soho is well supplied with alcohol venues after midnight. In a quarter of [...]
Royal Mail workers call for further strike amid 48-hour walkout starting TODAY September 7, 2022 Royal Mail workers have announced further strike action for the end of the month, as staff prepare for tomorrow’s 48-hour strike. The union CWU today called for an extra 48-hour strike beginning on 30 September as a result of the “despicable” way its postal workers were being treated. “There can be no doubt that postal [...]
J.P. Morgan distances itself from Boris Johnson speaking deal rumours September 7, 2022 J.P. Morgan has not offered Boris Johnson a lucrative post-premiership speaking deal, despite rumours to the contrary. It was reported in The Telegraph on Monday that Johnson had been offered £2m to give six speeches at J.P. Morgan events. However, sources at the US investment bank have told City A.M. that Johnson has not been courted for [...]
Liz Truss: New government must demonstrate that politics can deliver September 7, 2022 Some time ago in an editorial meeting at City A.M.’s offices, just after the discussion of another major UK infrastructure project dumped on the back-burner, one of our more cynical staff members suggested that it might not be all bad for Britain to enjoy a benign dictatorship for a few years, driving through necessary but [...]
Allwyn eyes up its American dream amid Camelot u-turn September 7, 2022 Following Camelot’s withdrawn legal battle over the National Lottery licence this week, Allwyn seems to be heading full speed ahead with its American dream, as well as its New York listing. Blank check firm Cohn Robbins Holdings Corporation (CRHC) announced this evening that its shareholders approved the business combination with Allwyn: paving the way for [...]
Audit watchdog’s Birmingham staff relocation plans still to be decided September 7, 2022 Ministers have not yet come to a decision as to whether staff at the Financial Reporting Council (FRC) will be asked to relocate to Birmingham following the launch of the UK’s new audit watchdog, City A.M. understands. Staff were told that Birmingham had been picked as the home of the UK’s new Audit, Reporting Governance [...]
