London’s unicorns: City’s tech start-ups are bringing in the big bucks December 21, 2022 London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]
Ambulance workers strike TODAY as Health Sec says unions ‘inflicting harm on patients’ December 21, 2022 Ambulance workers across a number of unions are walking out today over pay and conditions, as health secretary Steve Barclay condemned the strike as “inflicting harm on patients”. The emergency workers in the Unison, Unite and GMB unions will down tools across the country, with the government calling in the Army to ensure the country doesn’t [...]
Strikes: Sunak says public sector pay process doesn’t need reform December 20, 2022 Rishi Sunak has thrown his backing behind the government’s independent pay review process for public sector workers, despite this month’s widespread strikes. The Prime Minister told MPs on a Westminster committee today that pay offers to striking NHS staff members were “fair” as Number 10 today said Sunak would not intervene to negotiate with unions. [...]
Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding December 20, 2022 A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh of relief for people trapped in unsellable properties. Lenders withdrew mortgage provisions for unsafe flats following the Grenfell Tower disaster, when 72 people were killed in a fire at a high-rise block in [...]
Second strike: Nurses walk out again as five key London hospitals decimated December 20, 2022 Nurses in Britain will go on their second day of industrial action in the space of a week with five London hospitals to be the centre of the strikes. The hospitals to be affected include Great Ormond Street Children’s Hospital, Guys and St. Thomas’ and Imperial College Healthcare, Royal Marsden and NHS North Central London. [...]
Number 10: Rishi Sunak ‘deeply regrets’ Christmas strikes December 19, 2022 Rishi Sunak “deeply regrets” the strikes disrupting the Christmas period but will not bend on public sector pay demands, Number 10 has said. Sunak’s official spokesman today said it is “still in the gift of the unions to step back and reconsider the approach” as Britain suffers from a series of December strikes. Up to [...]
RCN union boss warns of more strikes as nurses walk-out for first time in 100 years December 15, 2022 Nurses across Britain will go on strike today, as the dispute over fair pay continues. The walk-out will impact operations at 44 NHS trusts in the country, including Guy’s and St Thomas’ hospitals in London – at the busiest time of year for the NHS. Members of the Royal College of Nursing (RCN) union voted [...]
City Moves: Who’s switching jobs in the Square Mile? December 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. PKF Littlejohn Canary Wharf-based accountancy firm PKF Littlejohn has appointed an insolvency, credit and debt veteran its lead its new creditor services team. James Linton, who brings over 15 years of experience to the role, will help [...]
CMA launches investigation into rising cost of antibiotics amid Strep A outbreak December 14, 2022 The rising prices of antibiotics amid an outbreak of Strep A in the UK has raised concerns with the UK’s competition watchdog. The Competition and Markets Authority (CMA) launched an investigation into the price rises today. Some pharmacies have reported being charged up to £19 for a box of drugs that normally costs a few [...]
Exclusive: EY poised to ramp up fintech investment with new London Lab December 14, 2022 EY said it is set to pump millions of pounds into the fintech sector in the next year as it unveiled a new London incubator today designed to cultivate start-ups in the capital.