From junk food ad bans to new smoking bans: the UK is in an age of state intervention July 1, 2021 We have slipped into a new age of state intervention. Even after a year of unprecedented interference in our everyday lives, attacks on personal freedoms are emerging from every quarter. Take gambling, for example. The government’s review of the Gambling Act looks set to introduce new spend limits to dictate what people can and can’t [...]
Ren Baletti CA on why EDF will be powering the UK’s transformation towards zero-emissions July 1, 2021 The electric vehicle revolution is finally charging ahead. EDF’s Ren Baletti CA tells Ryan Herman why the utility giant will be powering the UK’s transformation towards a zero-emissions economy. This article first appeared in ICAS’ CA magazine. The car industry is often seen as a bellwether of our economy. In January 2021, figures from the [...]
The end of the furlough scheme must be the beginning of a renewed focus on London’s recovery July 1, 2021 The furlough scheme has been a lifeline for London workers. At its peak, as many as one million Londoners were furloughed – from builders to bakers, coders to café owners (and many of my team at Centre for London). We all know someone who has depended on and can be grateful for the government’s support to see [...]
Cairn Homes to post dividend of 2.66 cents, while demand has ‘never been stronger’ July 1, 2021 Cairn Homes is set to reinstate a dividend of 2.66 cents per share, while the demand for new homes has “never been stronger”, the housebuilders boss said. The group raked in a sturdy €131m revenue from 403 closed new home sales in the six months to 30 June, up from €81m from 207 closed sales [...]
Sunak to set out vision for UK financial services as new green bonds unveiled July 1, 2021 Rishi Sunak will today lay out plans to make Britain the most “advanced and exciting” country for financial services in the world in his first ever Mansion House address. The speech comes after the Treasury revealed the first details of the government’s plan for the UK’s first ever green sovereign bond – or gilt – [...]
City of London ‘set for exemption from new global tax rules’ June 30, 2021 The City of London is set to win an exemption from new global proposals for taxing multinational companies in a boon for the Square Mile’s largest banks. The FT reported that Britain’s pitch for a carve-out for its financial services sector has been accepted in the ongoing talks at the OECD in Paris. But sources [...]
World Bank to bump Covid vaccine funding to $20bn June 30, 2021 The World Bank tonight said it would up to funding for Covid-19 vaccine purchases and deployment to $20bn due to a sharp increase in financing demand from developing economies. The multilateral body had previously targeted $12bn in spending on the vaccine programme. World Bank President David Malpass said the global development bank had given 51 developing countries more than $4bn to use [...]
UK to introduce new steel safeguards to protect industry June 30, 2021 The UK will introduce new safeguards for the steel industry after backing a recommendation to scrap some existing import quotas. International trade secretary Liz Truss tonight confirmed that the government would accept the Trade Remedies Authority’s (TRA) finding and scrap existing safeguards on nine out of 19 steel categories, while keeping them intact on the [...]
Barclays to up junior bankers’ base pay to $100,000, following Wall Street rivals June 30, 2021 UK bank Barclays is expected to increase base pay for junior bankers to $100,000 amid an exodus of young workers. The pay hike would bring the company’s rates in line with those announced by JPMorgan this week. In April, Bank of America also increased junior banker salaries by up to $25,000. While the changes are expected [...]
Legal services company LegalZoom makes $7bn Nasdaq debut June 30, 2021 LegalZoom shares today opened 31 per cent above the company’s offer price in its Nasdaq debut, valuing the online legal services company at $7bn (£5bn). The legal tech giant helps users generate legal documents without lawyers. Shares opened at $36.75 (£26.61), up from the company’s initial public offering (IPO) on Tuesday which saw over 19m shares [...]
