China’s reckless pursuit of zero-Covid must finally teach us resilience in supply chains April 30, 2022 China's pursuit of zero-Covid has caused pandemic-era supply chains to continue to cause repercussions across the world.
Prime London house prices skyrocket by 114 per cent as homebuyers flock back to the city April 30, 2022 While prime London property prices have remained largely flat on a year on year basis, life is starting to return to the capital’s top tier, with some postcodes seeing average sale prices climb by as much as 114 per cent. However, not everywhere has fared so well with some postcodes seeing a reduction in average [...]
Brexit from the moon: Dover lorry queue can now be seen on Google Earth April 30, 2022 As hundreds of lorries continue to queue before they can board a ferry in Dover, it has emerged that the unprecedented queue can now be seen on Google Earth. Earlier this month, a 25-mile coastbound stretch of the M20 was closed to store thousands of lorries heading for the Port of Dover or Eurotunnel as [...]
London retains crown as world’s greenest finance hub April 28, 2022 London has retained its crown as the globe’s greenest finance centre in a sign the City will help drive the world’s push to transition to a net-zero economy, a closely watched index released today reveals. The capital’s deep green finance market and its high use of renewable energy to power the Square Mile led it [...]
Government reveals plans for Solvency II overhaul in bid to unlock funding boost April 28, 2022 The Government has revealed its plans to overhaul EU-era insurance regulation today in a bid to unlock billions of pounds of investment from the UK's insurance giants into UK infrastructure.
UK delays Brexit checks on EU imports for a third time April 28, 2022 The UK has delayed post-Brexit checks on EU food imports for a third time, with the new red tape now set to come in at the end of 2023. Brexit opportunities minister Jacob Rees-Mogg made the announcement today, saying it was not the right time to introduce more checks while the Ukraine war was already [...]
Brexit-proof: London races ahead of all European tech rivals as record 18,500 new startups flock to the capital April 28, 2022 The number of new tech companies incorporated in London jumped 94 per cent last year, it has emerged. A total of 18,549 tech businesses were incorporated in London in 2021, according to an analysis of data held by Companies House, up from 9,572 in 2020. London accounted for the highest number of incorporations in 2021, [...]
London has been riding high on IPOs but must find favour in its post-Brexit status April 28, 2022 Against all the odds, the London IPO markets boomed in late 2020 and 2021, defying the uncertainties of Brexit and the pandemic to bring 126 new companies to market: 60 on the main market and 66 on AIM. In addition to the sheer volume of deals, there was an encouraging pivot to technology, as a [...]
Crypto haven: Gibraltar sets out fresh rules for digital assets April 27, 2022 Gibraltar’s government has set out fresh rules for crypto firms as it steps up efforts to create a thriving digital assets industry.
Brexit has led to 62 per cent spike in customs duties for UK firms and consumers up to record £4.8bn April 27, 2022 There has been a 62 per cent spike in customs duties for UK firms and consumers as a result of Brexit, amounting to nearly £5bn. A record £4.8bn was paid in customs duties on imported goods in the last year, up from £2.9bn previously, according to new data by accountancy group UHY Hacker Young. Since [...]