London lawyers expect boom in legal disputes on the back of Brexit and Covid-19 April 11, 2022 London litigators are readying themselves for a new wave of litigation lawsuits on the back of Brexit and Covid-19. In a survey carried out by the London Solicitors Litigation Association (LSLA), 84 per cent of lawyers polled said they expect a surge in the number of Covid related contractual disputes. Another 70 per cent of [...]
French presidential race: Macron and Le Pen through to second round April 10, 2022 Exit polls have shown that Emmanuel Macron and Marine Le Pen are through to the next round of the French Presidential election race. Whilst each poll is slightly different, the BBC has reported that Macron held 28.1 per cent of the votes in the first round, far-right Le Pen scored 23.3 per cent. Left leaning [...]
Thousands of civil service jobs at risk as Treasury drives down headcount April 10, 2022 As many as 40,000 pandemic-related civil service jobs could be cut as the Treasury tries to limit its soaring headcount.
Brexit: Truss drops plan for Northern Ireland tax cut after Sunak opposition April 10, 2022 Liz Truss’ plan to give a post-Brexit tax break to Northern Ireland to entice hundreds of companies to return has been blocked by chancellor Rishi Sunak. The foreign secretary wrote to Boris Johnson last month to call for a series of measures to boost trade between Northern Ireland and Great Britain, including tax breaks and [...]
European banking body slams Brussels’ attempted post-Brexit clearing power grab April 10, 2022 Brussels has been slammed by Europe’s own top banking group for trying to force banks in the bloc to close clearing business in the City in an attempted post-Brexit power grab by the EU. The European Commission’s plans to slap banks that do not shift clearing business in London to the Continent with penalties will [...]
Lorry drivers carrying fresh meat stuck in 24 hour queues April 10, 2022 British lorries carrying perishable goods want to be prioritised at the port of Dover as enormous queues spoil products.
Tech Weekly: Alex Marsh, Head of Klarna UK, on post-Brexit financial regulation, consumer protection, and difference between Klarna and credit cards April 8, 2022 On this week’s Tech Weekly episode, City A.M. reporters Charlie Conchie and Lily Russell-Jones chat to Alex Marsh, Head of Klarna UK. They go through the Innovate Finance fintech summit, Buy Now Pay Later regulation and the UK’s financial regulation post-Brexit; measures needed to protect consumers from debt; what role services such as Klarna are [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
Avon Protection share price plunges more than 20 per cent after wrestling with rising costs April 6, 2022 Avon Protection shares have plunged, after the helmet maker warned investors of lower-than-expected profits in the first half of this year. The London-listed protective equipment provider has been wrestling with “additional manufacturing costs” in recent months, as global raw materials prices are engulfed by inflation. Supply chains have also been significantly stretched post-Brexit, with the [...]