UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]
Covid-19, a year on: The Corporation and the State March 22, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. The state and the market have long been locked in a cautious dance. [...]
MPs to decide today if David Cameron’s lobbying for Greensill bailout will be probed March 22, 2021 MPs to decide if David Cameron's lobbying for Greensill bailout will be probed
The greatest space mission will be tackling climate change and protecting our planet March 21, 2021 Efforts around the world are focused on making businesses more sustainable, with ever greater emphasis on innovative technology to help solve the climate crisis we face. There was a dearth of climate-related announcements in Rishi Sunak’s Budget speech earlier this month. Sunak did, however, reiterate the Government’s plan to establish the UK as a “science [...]
Treasury mulls slashing higher-rate tax relief on pensions contributions March 20, 2021 The Treasury is reportedly considering huge cuts to tax relief on pensions contributions amid the spiralling cost of measures brought in during the pandemic. On 23 March, which has been dubbed “tax day”, the Treasury will announce new consultations on proposed taxation reforms, which could include reforms to pension tax. When people pay into their [...]
Boris Johnson’s director of comms to join The Sun as deputy editor-in-chief March 19, 2021 Prime Minister Boris Johnson’s director of communications will move to The Sun as the newspaper’s new deputy editor-in-chief, just a few months after he took on the top job at Number 10. James Slack took over as Johnson’s director of communications at the end of last year. The former political editor of the Daily Mail [...]
Screenshot: Who’s invited to the UK’s summer of fun? March 19, 2021 This week **Media Moment of the Week: No 10’s power vacuum **Who’s invited to the UK’s summer of fun? **BT gets a broadband boost Media Moment of the Week: No 10’s power vacuum There are two main things to remember when unveiling your grand £2.6m briefing room to the world: make sure it doesn’t look [...]
Treasury sells £1.1bn NatWest shares back to the banking group March 19, 2021 The Treasury said this morning it had completed the sale of £1.1bn in NatWest Group shares, selling the stock back to the banking group. The agreement with NatWest, formerly the Royal Bank of Scotland Group, represents the government’s third sale of its NatWest shareholding, bringing its stake down from 61.7 per cent to 59.8 per [...]
Hidden cuts in Rishi Sunak’s Budget to deliver ‘second austerity’, says IFS March 18, 2021 Rishi Sunak’s Budget is set to cause a “second, sharp dose of austerity” thanks to £4bn of hidden cuts, according to new analysis by a leading economic think tank. The Institute for Fiscal Studies today said there were extensive public service cuts buried in the Budget, which will see funding for the Home Office, HM [...]
UK airports saw fewest passengers last summer since 1975 March 17, 2021 Airports saw the lowest number of passengers pass through their gates last summer since 1975, new figures from the Civil Aviation Authority (CAA) show. Just 14.2m people travelled through UK airports last year from July to September, while across the whole year there were just 73.8m air passengers. The majority of these – two-thirds – [...]