Ed Warner: The metaverse, Web3 and what it means for football club valuations May 5, 2022 In this week’s column, Ed Warner delves into the metaverse’s possible ramifications for the business of sport and considers the latest twists in the Chelsea sale saga. It was the shoes that put me in my place. Queuing to enter the SportsPro Live jamboree at The Oval last week, I scanned the footwear of my [...]
City Moves: Who’s switching jobs in the Square Mile? May 5, 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. Kingswood Wealth and investment management group Kingswood Holdings has hired an EY veteran as a technology transformation lead to develop the firm’s recently launched online client portal. Christopher Calvocoressi, who joins from Schroders Personal Wealth, will be [...]
Boris Johnson needs to find the Tory heartlands before he fights for them May 5, 2022 The biggest challenge facing the Conservative Party is not just the growing question of who leads it but also where in the country it can build an electoral majority. Put simply: is the future heart of conservatism likely to be in Southern home counties or in the post-industrial towns of the North and Midlands? The [...]
We should be creating a Right to Build not reviving more Thatcherite dreams May 5, 2022 This week, Boris Johnson mooted the idea of breathing new life into the Thatcherite right-to-buy policy. As the Conservatives face down the barrel of fierce local elections, headline-grabbing policies are a useful tool. With the new right-to-buy scheme, up to 2.5 million households could be able to buy their homes at a discounted price of [...]
ICAS calls for a UK tax strategy to support the transition to net zero May 5, 2022 ICAS has issued a briefing paper ‘The role of tax in getting to net zero’, discussing how tax can be a vital part of the package of measures needed to deliver the UK’s ambitious target for reducing emissions. The UK’s Net Zero Strategy In 2019 the UK put into legislation a requirement to bring all [...]
UK banks ‘ahead of the pack’ in climate risk exposure disclosures May 5, 2022 UK banks are the most transparent in the world at disclosing their exposure to climate change risks, reveals a fresh report released today. The creation of an accounting framework that incentivises British lenders to update markets on their green credentials has led to them being “ahead of the pack,” according to consultancy KPMG. The Prudential [...]
As the British Virgin Islands fights off corruption, the UK must learn our help can hurt May 5, 2022 Last week, the Premier of the British Virgin Islands was arrested in the US on drug smuggling charges; corruption and the ongoing power imbalance in the dying embers of the British empire has once more been thrust into the spotlight. This is a constitutional crisis. However, the proposed solution of direct rule from London reveals [...]
UK risks carbon dioxide shortage due to energy taxes, warns vital fertiliser firm May 4, 2022 CF Fertilisers warned the government last year that green levies could lead to more firms collapsing, as it struggled to deal with energy prices.
US Federal Reserve hikes rates at quickest pace in over two decades May 4, 2022 The world’s most influential central bank today hiked interest rates at the quickest pace since 2000 in a sign the era of cheap money is coming to an end. The US Federal Reserve lifted the financial system’s key interest rate 50 basis points to a range of 0.75-1 per cent as it scrambles to douse [...]
Crossrail is (almost) complete but the battle for TfL funding is far from over May 4, 2022 The ‘Lizzie Line’ is good news for London – but it might be the last for a while without a funding settlement for the transport network It says something that the relationship between London’s mayoral leadership and Westminster is now so toxic that both sides are attempting to claim credit for a project three years [...]
