Renault and Aston Martin backer Geely to launch UK firm injecting £6bn and creating 19,000 jobs July 12, 2023 Renault and Aston Martin backer Geely have announced the launch of a new UK-based powertrain technology company, to manufacture low-emission hybrid and internal combustion engines. An investment of up to £6bn will injected into the new outfit, which will employ 19,000 workers. The two automakers said the new group would operate 17 engine plants and [...]
A legal puzzle: How to solve the post-Brexit Northern Ireland border July 12, 2023 Barnabas Reynolds is a partner at Shearman & Sterling LLP and the co-author of Mutual Enforcement, a recent publication by Centre for Brexit Policy. In this guest essay he makes the case that the UK can only solve the Northern Ireland border issue by drawing up an entirely new solution. It is sometimes possible to [...]
Government looks to scrap EU short selling rules in post-Brexit deregulation drive July 11, 2023 The government is looking to ditch EU-era short selling rules and will scrap a requirement for individual investors to reveal their bets against companies as part of a post-Brexit push to scrap red tape in the City.
Explainer: A ‘rock solid’ US-UK relationship July 10, 2023 Few things hold such enduring fascination in British politics as the so-called “special relationship” with the US. It was blamed for Iraq, held up as a bastion of what could be achieved post-Brexit, and then dragged through the doldrums during a distancing between Boris Johnson and Joe Biden. Today, Joe Biden and Rishi Sunak insisted [...]
City Pages: The 10 books that should be on your list this summer July 10, 2023 From classic to contemporary, thriller or Booker prize winner, the City A.M. team picks the 10 top books that should be on your list this summer. 1. Victory City by Salman Rushdie It’s Rushdie, so you know it’s gonna be good, but this is really good. Framed as a translation of a 15th Century Sanskrit [...]
My not-so-learned friends: an epidemic of puffed-up Twitter famous barristers July 10, 2023 Legal qualifications are nothing to be sniffed at, but they don’t give barristers expertise on all fields, writes Eliot Wilson
Stubborn inflation in UK might finally be set to give way July 7, 2023 It's all about the workforce and yes, Brexit.
Britain to rejoin EU’s R&D Horizon scheme after months of hard post-Brexit talks July 5, 2023 Britain and the European Union (EU) are edging closer to a deal on the UK’s re-entry into the Horizon Europe research programme. Sources said negotiators have produced a draft document following months of talks, with Rishi Sunak expected to consider it in the coming days. However, the prime minister could still reject the proposals over [...]
PEP talk: City minister urges FCA to review bank account closures after Farage claims July 5, 2023 Andrew Griffith has called on the financial regulator to ensure bank accounts of prominent public figures – PEPs – are not closed due to fears about political exposure. The City minister tweeted a letter to the Financial Conduct Authority (FCA) calling on the body to speed up its investigation into politically exposed persons (PEPs) account [...]
“The future might belong to India”: In conversation with Ebookers founder Dinesh Dhamija on the UK’s future ties with India July 5, 2023 Chris Jackson speaks to Dinesh Dhamija about the UK's sometimes complicated relationship with India - and where a trade deal might emerge from