London beats Euro rivals to retain tech investment crown (yes, despite Brexit) January 12, 2023 London sailed past European rivals to retain its crown as the top destination for tech investment last year as nearly $20bn was pumped into the capital’s start-ups, new data has revealed.
Sadiq Khan: Time to end ‘vow of silence’ on Brexit business hit – and his plan to fix it January 12, 2023 Mayor of London Sadiq Khan will lay into what he describes as the “selective amnesia” of government ministers who ignore the impacts of Brexit on the British business community. Speaking at a black tie dinner in the City tonight, Khan will say that the “unnecessarily hard-line version of Brexit (ministers have chosen) is having a [...]
Childcare shortages, nursery costs and Brexit push up salaries for London nannies January 12, 2023 London is currently experiencing a strong demand for nannies, largely driven by the pandemic, Brexit, childcare provider shortages, and the soaring cost of nursery places. As a result, nanny salaries have jumped by 13 per cent across the UK, the biggest increase in five years, and 8 per cent in London. A nanny working in [...]
UK-Japan relations ‘stronger than ever’ as Sunak pens new post-Brexit defence deal at Tower of London January 11, 2023 The UK and Japan today signed a new defence agreement with Prime Minister Rishi Sunak saying that relations between the two nations are “stronger than ever.” Sunak signed the deal alongside Japan’s Prime Minister Fumio Kishida at the Tower of London this evening. The Reciprocal Access Agreement (RAA) allows both nations to deploy military forces in [...]
Staff shortages could cause summer travel chaos again – and 40 per cent of industry bosses blame Brexit January 11, 2023 Summer 2023 could spell additional trouble for the UK travel industry, with over half of rail and airline operators worrying about future staffing shortages – and almost 40 per cent blaming Brexit. Data published today by software company SAP show that 55 per cent of industry decision makers believe staffing challenges will impact customers’ travel [...]
Brexit, Covid and Ukraine drag on Games Workshop’s profits despite record sales January 10, 2023 Warhammer-maker Games Workshop recorded sales of over £200m for the first time, but Covid, Brexit and the war in Ukraine continue to dent its commercial plans. The FTSE 250 firm announced it made £212m from May until the the end of 2022, up more than £20m on the previous year. But it also reported a [...]
Scrapping bankers’ bonus cap is a return to global norms, says City minister January 10, 2023 City minister Andrew Griffith said today that scrapping the bankers’ bonus cap would realign Britain with global financial norms, as he faced questions from MPs in parliament about the government’s so-called Edinburgh Reforms. Discussing bankers’ bonuses, Griffith said “we have departed from global norms… the global competitive set do not have this (bonus cap).” London, [...]
Brexit: UK and N Ireland data-sharing progress a ‘positive step’ in protocol wrangling January 10, 2023 Progress between the EU and the UK on post-Brexit data-sharing has been hailed as a “positive step” in ongoing talks to find a solution to the Northern Ireland Protocol row. Foreign Secretary James Cleverly and Northern Ireland Secretary Chris Heaton-Harris met European Commission vice-president Maros Sefcovic in London on Monday, as London and Brussels try [...]
A breakthrough in Northern Ireland will build bridges with businesses as well as in Europe January 10, 2023 As Brexit continues to cause problems for businesses in Britain, finding a resolution with the EU over Northern Ireland would bring some harmony back to our shores, writes Richard Burge.
Covid variant, China invasion of Taiwan and more inflation: What shocks will 2023 bring? January 8, 2023 A new Covid-19 variant that escapes vaccines is among the biggest risks threatening to sharpen the UK recession, City economists surveyed by City A.M. suspect. Asked what wildcard trends could spring up to hit the economy this year, experts warned another deadly strain of the virus spreading is one of the biggest headwinds that would [...]