Editorial: Time to knock heads together until planes can fly at full capacity August 3, 2022 Imagine if the London Olympics were being hosted next week: the stadium would have been a shadow of itself with ticket-holders still stuck on the tarmac.
City Moves: Who’s switching jobs in the Square Mile? August 3, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Nuveen Investment manager Nuveen has bolstered its UK consultant relations team in London with a fresh director. Barry Lee had previously been an associate director for LGT Capital Partners UK, where he held a similar role. Reporting [...]
Online safety laws are nonsensical as long as we water down human rights August 3, 2022 In the context of a tumultuous political landscape, the Online Safety Bill, designed to regulate tech giants, fell off the agenda as a result of a “lack of Parliamentary time”. Under a Liz Truss premiership, it would be brought back. Nadine Dorries, the Culture Secretary has said it will make the UK “the safest place [...]
Britain’s waistline won’t be slimmed by sugar taxes – they could even make it worse August 3, 2022 Britain has an obesity problem – and it’s getting worse. According to a report from the King’s Fund think tank, the proportion of obesity in deprived areas is 37 per cent, up from 32 per cent three years ago. Theresa May’s government tried to curb obesity with the “soft drinks industry levy” in 2018 – [...]
FCA rules could strip people of the choice to take a risk August 3, 2022 Since the early 2000s, the Financial Conduct Authority has been pushing hard on its “treating customers fairly” agenda. The principles behind the new consumer duty, telling retail firms to give customers a “good outcome”, are not entirely original. But the burden put on financial services firms to be proactive in the execution of that duty [...]
Brits forced to get more savvy with subscriptions amid tightened belts August 3, 2022 New data has shown two thirds (67 per cent) of Brits remain signed up to at least one digital or direct-to-door service, despite a dip in consumer spending on subscriptions overall.
Letters: An Israeli flavour of tech success August 3, 2022 [Re: UK in talks with Israel for post-Brexit trade deal as £34bn contract up for grabs, July 20] A new trade deal between Britain and Israel, focusing on the enormous potential in the latter’s services industry, will augment the UK’s booming tech scene through competition. The Israeli tech ecosystem, with over 6,000 active start-ups, is [...]
BP’s profits bonanza reignites windfall tax debate with energy bills set for painful spike this winter August 3, 2022 BP unveiled bumper profits powered by soaring oil and gas prices yesterday, as households brace for painfully high energy bills this winter.
UK to pay business bodies to seal global mutual recognition deals for City firms August 3, 2022 The UK government will pay business bodies to broker deals in foreign countries to allow City workers to more easily work overseas post-Brexit. The new Recognition Arrangements Grants Programme will see payments of up to £75,000 given to professional bodies and regulators, for industries such as accounting and legal services, to pursue mutual recognition of [...]
Can hydrogen boost the UK’s energy security? August 2, 2022 The Government’s supp;y security strategy gives a clear role for low-carbon hydrogen, but what role can it play in our energy sector?
