A tough crackdown on oligarchs must carry us as far as our rule of law allows March 7, 2022 It is an uncomfortable truth that the West sorely lacks experience of war. That may seem a peculiar statement, after the long and bloody interventions in Iraq and Afghanistan, but those were effectively operations of control and rebuilding. What we are seeing in Ukraine at the moment is quite different: one sovereign nation taking on [...]
CPS: Shield exports from tax to boost Global Britain and small business March 7, 2022 Shielding spending on ramping up exports from taxes will unlock a well of economic growth by boosting engagement with trade among Britain’s small businesses, a new report recommends today. Allowing firms to cut their tax bills by offsetting investment in exports would strengthen incentives for small firms to participate in trade, according to the Centre [...]
As the world sees enormous price increases, Bitcoin’s use case deserves more attention March 4, 2022 As war rages in the Ukraine, Bitcoin’s use case as an answer to economic woes has once again been brought to the forefront.
Pubs face extra £800m in energy bills with bosses bracing for cocktail of hiked costs this spring March 3, 2022 Pubs have reported £800m in additional energy bills, with hospitality bosses warning suppliers are refusing to ink new contracts with venues. Firms have reported energy bills ballooning 150 per cent compared to pre-pandemic energy bills, with an average above 100 per cent. The British Beer and Pub Association (BBPA) said its members had reported that [...]
Crypto markets see pullback as volumes hit 2022 high March 3, 2022 The crypto markets have seen some pullback this morning, with Bitcoin currently down one per cent over the past 24 hours to around $43,500.
City Moves: Who’s switching jobs in the Square Mile this week? March 3, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Property consultancy Knight Frank has appointed a new head to lead sales in St John’s Wood. Also joining as partner, Neir Gigi brings over 23 years’ experience from across central and northwest London property markets. Gigi, who joins the [...]
City minister says UK changes to EU financial services rules will not be a ‘big bang’ March 2, 2022 Overhauling the EU’s financial services rulebook post-Brexit will not be a “big bang” moment and could take several years, according to UK City minister John Glen. Glen told Westminster’s Treasury Select Committee today that the push to reform EU regulation will be an “iterative” process and that any intervention will not “overnight change the competitiveness [...]
Insurers and analysts temper enthusiasm on Solvency II reforms March 2, 2022 Insurers and analysts have warned that the UK government’s plans to reform Solvency II, with a view to lowering the sums that insurance firms must hold in their coffers, may not live up to expectations. After City minister John Glen set out plans to reform the EU’s Solvency II rules, and “unleash” the “benefits of [...]
Bitcoin steady at $44k as crypto continues to decouple from stocks March 2, 2022 The crypto markets have steadied since Monday's buying spree, with the price of Bitcoin hitting a wall yesterday at $44,000.
Subsidies to Wales have made devolution a begging bowl rather than a point of pride March 2, 2022 Did you raise a toast yesterday to the staff of Gwynedd Council in North Wales? They were enjoying their very own special Bank Holiday to celebrate the day of the patron saint of Wales, St David. Gwynedd council proudly declared in January that it would “grant” this extra holiday. All very well and good, except that [...]