Rishi Sunak has shown his true colours by hiding stealth tax rises in the detail March 24, 2022 Don’t be fooled, Rishi Sunak is a fiscal conservative first, and a low-tax conservative second. This was a tax-cutting spring statement, but as the Office Budget Responsibility (OBR) pointed out, on balance Sunak has been a tax-hiking Chancellor. In fact, the net cut to personal taxes introduced at the Spring Statement offsets “just over a [...]
Senior US politician: Post-Brexit trade deal ‘desirable’, but not if it ‘jeopardises’ Good Friday Agreement March 24, 2022 One of the most powerful American politicians has dismissed any post-Brexit trade deal that risks peace in Northern Ireland. The chair of the ways and means committee, Congressman Richard Neal, said the United States “will not entertain” any proposal that undermines the Good Friday Agreement. Speaking to The Guardian, the 73-year-old Democrat who heads the [...]
Cardano and Solana take the reins as crypto charges on March 24, 2022 The Bitcoin price is up slightly this morning, hovering at just above $43k – up two per cent over the past 24 hours and five per cent since this time last week.
Former MEP does a Gina Miller as he takes govt to Supreme Court over Brexit deal: ‘This is worse than remaining’ March 24, 2022 A former MEP is taking the government to the Supreme Court as he argues that Boris Johnson’s Brexit deal with the EU is ‘worse than remaining’. Ben Habib, who is also the chairman of an organisation called Brexit Watch, thinks the Northern Ireland protocol was the wrong model to go for. In fact, he said [...]
London boots out European rivals to claim Continent’s top finance hub crown March 24, 2022 London has muscled out its rivals on the Continent to take the top spot as Europe’s best finance hub, reveals a closely watched survey shared exclusively with City A.M. today. The City beat the likes of Paris, Frankfurt and Amsterdam to Europe’s crown, according to Z/Yen Group’s thirty first global financial centres index (GFCI). Pesimisits [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
Automotive sector in favour of relocating car manufacturing to UK March 23, 2022 The Society of Motor Manufacturers and Traders (SMMT) said today a relocation of car manufacturing back to the UK would be “good news” for the sector. “If supply chain resilience provides the opportunity to reshore more of the supply chain in the UK, we would certainly support and encourage that,” SMMT’s chief executive Mike Hawes [...]
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
Brexit costs: Brits face €18 fee on UK-EU bank transfers and €5 per ATM withdrawal in Europe March 23, 2022 The French bank Crédit Agricole has introduced a €5 charge for withdrawals made with UK-issued credit and debit cards. In addition, the bank recently started to imposed a new €18 flat fee on any bank transfers coming from Britain. More European banks are expected to introduce similar fees, according to various European media, including magazine [...]
Bitcoin price stable around $42k but demand still flat March 23, 2022 After breaking through the $43,000 on Tuesday, the price of Bitcoin is stabilising around the $42,000 mark this morning.