Rishi Sunak and Sadiq Khan at loggerheads over London housebuilding July 27, 2023 Prime Minister Rishi Sunak has threatened to wade into mayor of London Sadiq Khan’s efforts on housebuilding in the capital. The politicians traded verbal blows today as the PM accused the mayor of failing to build enough homes for Londoners, while Khan branded his claims “desperate nonsense”. Speaking during a visit to a development in [...]
LendInvest founder Christian Faes: Why I left London for California July 27, 2023 Fintech founder Christian Faes tells City A.M. why he's swapped London for California.
Mark Kleinman: Natwest’s future, Ovo Energy and Hargreaves Lansdown’s search for a successor July 27, 2023 Mark Kleinman is City editor at Sky News What next for Natwest? Somebody with a tighter grip at the top, and that’s just the start Banking with the human touch: that’s how Coutts, the high net worth bank owned by Natwest Group, likes to position itself. Like so many corporate slogans, however, it often bears [...]
Loss of tax-free shopping costing the UK £4.1bn, say London bosses July 26, 2023 Scrapping the tourist tax could generate £4.1bn annually for the UK economy, new research suggests, as a cluster of prominent business owners call for the government to reinstate VAT shopping for international tourists. Rishi Sunak scrapped the tax which saw international shoppers able to claim 20 per cent back with their purchases. It was largely [...]
Welcome to the Great Green Delay, and Khan’s Ulez expansion is the first victim July 26, 2023 As Sadiq Khan’s expansion of the Ultra Low Emission zone became a flashpoint for the Uxbridge by-election, other green policies face being quietly shelved, writes Comment & Features editor Sascha O’Sullivan.
BAT: Lucky Strike maker reaps rewards of vape shift with 1.5m new customers as profit nears £6bn July 26, 2023 Lucky Strike maker British American Tobacco (BAT) has seen dramatic revenue growth in its ‘new categories’ division thanks to its acceleration of investment in ever-more popular cigarette alternatives. Its revenue from vaping and tobacco-free products hit £1.6bn, a 29 per cent increase from the first half of 2022, and BAT said it is making “good [...]
Business groups cheer plans to speed up planning process for big infrastructure projects July 25, 2023 Top business groups have welcomed government plans to speed up the planning process for key infrastructure projects as a “major signal” on green growth. Ministers want to overhaul the system and create a new fast-track route for major schemes, such as offshore wind farms, transport connections, waste facilities and nuclear power stations. Prime minister Rishi [...]
Tory MPs pile pressure on Sunak to retain green policies July 25, 2023 Senior Tory MPs have warned Rishi Sunak against backing away from policies aimed at tackling climate change. Labour’s loss in the recent Uxbridge and South Ruislip by-election has been interpreted by some as a de-facto referendum on the controversial ULEZ expansion. Danny Beales, who lost to the Conservative candidate Steve Tuckwell by just 495 votes, [...]
Date for petrol car ban ‘immovable,’ says Michael Gove July 25, 2023 The 2030 ban on new petrol and diesel car sales is an immovable deadline, Cabinet minister Michael Gove has insisted after Rishi Sunak cast doubt on the policy. The Housing Secretary warned costly plans to tackle the climate crisis could create a “backlash” as ministers come under pressure from the Tory right to relax existing pledges. Amid [...]
A housebuilding revolution has many advantages – growth being one July 25, 2023 Go to tech conferences, and much of the buzz revolves around ‘Web 3.0,’ a catch-all term for the future of the internet that even when pushed most of its proponents struggle to define. Perhaps, then, we should be grateful that government continues to tootle along with plain-old 2.0. It’s two years or so since Rishi [...]