Nigel Farage backs Simpson’s Tavern campaign railing against City becoming ‘corporatised and homogenised’ November 9, 2022 Brexit campaigner Nigel Farage has thrown his weight behind the campaign to save the historic Simpson’s Tavern, as a crowdfunding campaign approached £80,000. The former UKIP and Brexit Party leader, who worked in the city before entering politics, penned an op-ed this week blaming the ‘work from home culture’ as a contributing factor to the [...]
MPs to vote on new Treasury Select Committee chair on Wednesday November 8, 2022 MPs from across parliament will vote on who should be the new chair of the influential Treasury Select Committee tomorrow. The five candidates for the position were announced today as Andrea Leadsom, Kit Malthouse, John Baron, Richard Fuller and Harriett Baldwin. The election comes after former committee chair Mel Stride was named as work and [...]
Hunt reportedly set to rule out large tax hike for banks in autumn statement November 8, 2022 Jeremy Hunt is reportedly set to rule out a tax hike for banks in next week’s autumn fiscal statement, after previously keeping the option on the table. It has been widely reported the chancellor was considering overturning plans to cut the bank surcharge, to offset a broader hike in Corporation Tax, which sparked concern about [...]
Exclusive: Tougher Brexit transfer rules not helping English players in Premier League November 8, 2022 Brexit has drastically shrunk the pool of footballers available to English clubs without having any clear benefit to the prospects of homegrown talent in the Premier League. The findings are revealed in a major new study by football consultancy Analytics FC and law firm Fragomen shared with City A.M. and due to be published this [...]
Brexit: Fresh setback for UK plan to ditch all EU legislation by end of 2023 November 8, 2022 The UK government’s post-Brexit plan to ditch all EU laws by the end of next year have fallen further into jeopardy, after civil servants discovered 1,400 more pieces of retained legislation. Prime Minister Rishi Sunak is reviewing his pledge to review or replace all 2,400 pieces of retained EU legislation by the end of 2023 [...]
Lithium group backs Britain’s green energy transition with new refinery November 7, 2022 A battery-materials start up has chosen Teeside, to build its new lithium refinery in a post-Brexit vote of confidence for the UK.
Rishi Sunak torpedoes Boris Johnson’s Britannia ship as £250m plans sink to the bottom of the Brexit pond November 7, 2022 As part of government efforts to cut spending, a £250m plan to build a successor to the Royal Yacht Britannia has been scrapped, the Ministry of Defence confirmed this afternoon. The national flagship plan was sunk by Rishi Sunak’s administration as Whitehall braced for cuts in the November 17 autumn statement by Chancellor Jeremy Hunt. [...]
Inside House of Campari: Brexit vote of confidence in London as Italian spirits giant moves to Soho November 7, 2022 Campari Group, the producer of spirits brands in the UK such as Aperol, Wray & Nephew, Appleton Estate Jamaica Rum as well as Campari, has opened a new regional headquarters in the heart of the capital. Named “The House of Campari”, the new London base is situated in Great Portland Street, just off Oxford Street. [...]
UK minister travels to Taiwan in move that may inflame China tensions November 7, 2022 A UK minister will hold trade talks in Taiwan today in a move that may inflame fresh tensions with Beijing. Trade minister Greg Hands will meet with Taiwan President Tsai Ing-wen during the two-day trip to Taipei as the UK tries to close a post-Brexit deal with the island nation. The UK does not recognise Taiwan’s [...]
Exclusive: Brexit bites into London’s FX trading as Singapore and New York seize City’s derivatives share November 5, 2022 London’s status as the global hub for FX and derivatives trading is under threat for the first time since Brexit. According to new findings shared exclusively with City A.M. today, a study by the Bank of International Settlements (BIS) found that while the UK remains the leading hub for currencies and interest rate derivatives trading, [...]