More than half FTSE100 firms commit to ending carbon emissions by 2050 November 4, 2021 Almost two-in three FTSE100 firms are now committed to ending their carbon emissions by 2050, after a new group of companies recently signed up to a United Nations campaign. Sixty FTSE100 firms have now signed up to the UN’s Race to Zero campaign, with bluechip companies like Barclays, AstraZeneca, Coca Cola HBC and HSBC all [...]
Top finance brass: City grandees need to show off green stripes to rake in bonuses November 3, 2021 City grandees will need to show off their green stripes to rake in bumper bonuses, some of the finance industry’s top brass said today. The chief of one Britain’s biggest banks, part state-owned NatWest, sent a warning shot to the bank’s top dogs that their environmental track record will be considered when awarding bonuses. Speaking [...]
Boris’ tax mania could push British business into Labour’s open arms November 3, 2021 An exec recently recalled a meeting between banking bosses and ex-Shadow Chancellor John McDonnell when it looked like Labour may just seize power. As the suits traipsed into a room the Marxist quipped: “Don’t worry. We’re not sending you to a re-education centre in Doncaster … yet.” He also promised to whack corporation tax up [...]
Brace for rate hikes and tapering from BoE and Fed November 3, 2021 Just as the dust settled on Chancellor Rishi Sunak’s third budget, the City turned its attention to more set piece economic announcements. Today and tomorrow, the US Federal Reserve and the Bank of England will deliver two of the most hotly awaited interest rate decisions in years. The latter is expected to hike interest rates [...]
Sunak hails avoiding joblessness spike after furlough end November 2, 2021 The end of the furlough scheme is unlikely to trigger a surge in unemployment, according to the Chancellor. Speaking to a committee of members of the House of Lords, Rishi Sunak said he was “optimistic” the end of the job support scheme would not result in a wave of job losses. There were concerns the [...]
Cop26: Sunak to force all UK financial firms to publish net-zero transition plans November 2, 2021 The UK’s financial institutions and listed firms will soon have to publish strategies on how they will transition to net-zero by 2050 as Rishi Sunak today unveiled his plan to make Britain the world’s first “net-zero financial centre”. The chancellor today said great efforts have been made to “rewire the entire global financial system for net [...]
London is failing to make itself more accessible for those with disabilities November 2, 2021 Children with special education needs and disabilities were given a slice of Rishi Sunak’s spending spree last week, with £2.6bn set to be spent on things like more accessible classrooms. The current disability pay gap is 19.6 per cent. So focusing our energies where the cracks begin to emerge is a no brainer. But for [...]
A fallen tree on a railway scuppered Cop26 travel plans – and that was the high point November 2, 2021 Cop26, billed as our last chance to save humanity, went very well. Within hours of wandering into the summit, borrowing a phrase from Greta Thunberg, comparing himself to James Bond, and reminding cows, once again, that they really shouldn’t burp, Boris Johnson saved the world, repaired tense relations with Europe, put the French and the [...]
The age of Brexit Blairism: Rishi Sunak bet his budget on New Labour’s success November 2, 2021 Last week, while many in Westminster were gripped to the BBC’s ode to New Labour, the Blair & Brown documentary, Boris Johnson seemed to take it literally. His boosterism has finally defeated Treasury orthodoxy. As such, this is a very different Conservative Government to the ones in the last decade. It is one that will [...]
The age of Brexit Blairism: Rishi Sunak bet his budget on New Labour’s success – CityAM : CityAM November 2, 2021 Last week, while many in Westminster were gripped to the BBC’s ode to New Labour, the Blair & Brown documentary, Boris Johnson seemed to take it literally. His boosterism has finally defeated Treasury orthodoxy. As such, this is a very different Conservative Government to the ones in the last decade. It is one that will [...]