Brexit: Johnson vows to push through Northern Ireland Protocol changes by end of year June 27, 2022 Boris Johnson has today vowed to push through his changes to the post-Brexit Northern Ireland Protocol this year, despite the EU’s legal challenges. The Prime Minister said today at the 2022 G7 summit in Germany that “we can do it fairly rapidly”, while waving away concerns the legislation will lead to a trade war. Johnson’s [...]
New internet law hands govt ‘unprecedented’ censorship powers that will curb free speech, think tank warns June 27, 2022 The Government is facing calls to “slim down” its new Online Safety Bill, which is currently making its way through Parliament, amid concerns over its impact on people’s freedoms and privacy, as well as innovation. The new internet legislation will hand ministers “unprecedented” censorship powers, with significant implications for free speech, new research warns. The [...]
Boris Johnson refuses to undergo ‘psychological transformation’ after heavy by-election defeats June 25, 2022 Embattled Prime Minister Boris Johnson warned he will not undergo a "psychological transformation" despite the by-election losses.
London IPOs in decline since Brexit vote as British companies flock to New York June 24, 2022 London’s IPO market share has dropped since the Brexit vote as British companies seek to list in New York. Listings in the UK are at their lowest in over 10 years despite the government relaxing some rules to attract IPOs and make London a post-Brexit listings favourite. IPO activity in the country dropped to about [...]
Exclusive: Sunak to unveil plan to slash EU financial services rules in Mansion House speech June 24, 2022 Rishi Sunak will unveil his plan to slash EU financial services regulations in a major set piece Mansion House speech next month. City A.M. understands the chancellor will announce details of his Financial Services and Markets Bill at the City’s annual Mansion House bankers’ dinner on 19 July and will introduce the legislation to the [...]
City of London to ignite UK space boom, says science minister June 24, 2022 Britain’s space boom could be supercharged by the City of London’s expertise and financial muscle, the minister responsible told City A.M. yesterday. While the global space economy has spent the last 40 to 50 years recovering from a Cold War hangover, “We’re now in the hockey stick of a huge commercial space boom,” science, research and innovation [...]
Price of Aussie wine could fall victim to Treasury reforms – yes, even after the trade deal June 24, 2022 AT THE end of last year, to much fanfare, the UK and Australia signed the free trade deal – the first negotiated from scratch following Brexit. The UK is the number one destination for Australian wine exports in value and volume, exporting 246 million litres of wine worth AU$449m in the 12 months to March [...]
Govt’s union bill could break law, legal experts say June 23, 2022 Lawyers have said the government’s plans to overturn laws that prevent agency staff from filling in for striking workers could face legal challenges under both UK and international law. The comments come after the government set out plans to repeal the “burdensome legal restrictions” that block staffing agencies from sending in temporary workers during strikes. [...]
London tops global finance hiring league in sign City retains attractiveness after Brexit June 23, 2022 The City’s jobs market has raced ahead of its competitors to top the global hiring league, reveals fresh research published today. London’s banks, brokers, insurers and money managers are looking to more than double their staffing levels, according to a report by recruiter Robert Walters. The hiring drive has been spurred by firms scrambling to [...]
Chef and bartender shortages threaten to cost hospitality sector £21bn in lost sales June 23, 2022 A shortage of chefs and bartenders is set to wound the hospitality trade by some £21bn in lost sales. Nearly half of pub and restaurant operators (45 per cent) said they have been forced to slash trading hours or capacity, according to an industry-wide survey. Lost sales will cost an estimated £5bn loss in tax [...]