Labour’s plan to force banks to help on mortgages branded ‘risky’ and ‘counterproductive’ June 22, 2023 Labour’s plans to force banks to help struggling borrowers with their mortgages have been slammed as “risky” and “counterproductive”. The party says lenders should be compelled to help mortgage holders struggling with payments in a bid to avert a looming mortgage crisis as interest rates are expected to keep rising to bring inflation down. Shadow [...]
Does raising interest rates actually bring down inflation? June 22, 2023 Britain’s inflation problem is looking much harder to solve than first thought. Numbers out from the Office for National Statistics (ONS) yesterday revealed the rate of price increases was unchanged in May at 8.7 per cent. The City thought it would slim to 8.4 per cent. Core inflation – the best barometer of underlying price [...]
Local authorities putting the brakes on electric car charger rollout, industry warns June 22, 2023 Local authority bureaucracy is causing delays of up to a year in rolling out electric car charge points, industry figures have warned. “We’re getting caught up in red tape… which is stopping us deploying thousands more charges today,” Ian Johnston, head of the newly formed trade association ChargeUK, told City A.M. To build and operate [...]
For all the awards, consumers rarely care about the gold standard City exec June 22, 2023 We've got so obsessed with award ceremonies that they've ceased to be a reliable guide for customer choice and become more of a game of winners, writes Chris Hirst
The National Portrait Gallery has been re-imagined to fit into a very modern London June 22, 2023 The refurbished National Portrait Gallery will be modern while maintaining its history. After three years of restructuring, it will be a wonderful addition to the quirky cultural London scene, writes David Ross
The Windrush scandal carries lessons that are all too familiar in today’s Britain June 22, 2023 Seventy-five years today 802 people arrived in London from the Caribbean and began Britain’s journey towards becoming a multi-racial society. On Windrush Day, Will Cooling explains what we still have to learn from what happened afterwards
Tour operator Skiworld wipes out in Austria amid post-Brexit dip in UK chalet hosts June 22, 2023 Skiworld – the UK’s largest independent ski tour operator – has pulled out of much of its operation in Austria as a result of post-Brexit red tape, City A.M. has learnt. The London-based firm – which runs chalets across the Alps – told City A.M. that a dip in the number of UK staff it [...]
Volkswagen plans audit of Xinjiang plant after human rights complaint June 21, 2023 Volkswagen is planning an external audit of its factory in Xinjiang after a group filed a human rights compliant with regulators in relation to its operations in the Chinese state. Oliver Blume, Volkswagen’s chief executive, said on Wednesday that the German car manufacturer would commission the audit “as soon as possible,” according to a report [...]
Unleash private investment for green projects or miss net zero goals, MPs warn June 21, 2023 The government must do more to unlock private investment or risk missing its decarbonisation goals, MPs have warned.
Government accuses peers of seeking to delay controversial strike reforms June 21, 2023 The government has accused peers of trying to delay controversial strike reforms that unions fear will make it easier to sack workers. The House of Lords had made a series of amendments to the Strikes (Minimum Service Levels) Bill aimed at protecting workers and trade unions, plus requiring the government to consult further on the [...]
