Rachel Reeves must ground Labour’s policy in compelling plans for economic growth January 25, 2022 It is easy to get frustrated following politics. I’m not talking about the in-fighting, the hypocrisy, or the subsequent tendency for allegations of hypocrisy to overshadow any substantive policy issues. My gripe is with the shallowness of the policy debate. Too often, politicians confuse ends with means. The result is a complacent debate and vacuous [...]
Brexit: EU says a ‘timely agreement’ on Northern Ireland Protocol is possible January 24, 2022 The EU’s chief Brexit negotiator has said newfound political goodwill with the UK could “lead to a timely agreement on durable solutions” to the post-Brexit Northern Ireland Protocol, after another round of talks today. European Commission Vice President Maros Sefcovic said he is not setting “artificial deadlines” on discussions, but that he would act “with [...]
Slow bleed out of crypto continues, but can the US central bank deliver positive news? January 24, 2022 The slow bleed we’ve seen in the crypto markets accelerated on Friday, with the Bitcoin price dropping below $40k and falling to £35k.
City boom: Banks launch record recruitment drive… yes, despite Brexit January 24, 2022 The City’s banking jobs market is booming in a sign that London is scuppering bets laid on Brexit hitting its attractiveness, reveals a fresh study released today. UK banks have never been looking to hire this many staff, with vacancies in the sector skyrocketing 129 per cent over the last year, according to research carried [...]
Remote work will free reluctant city dwellers and reinvigorate London January 24, 2022 London has been the cradle of dreams and ambition for a long time. It is more than 600 years now since Dick Whittington left Gloucestershire to seek his fortune in the capital, rising to become lord mayor for the first time in 1397. Faint echoes of his journey remain with us all today: how many [...]
Global Britain: Covid and Brexit offer an ‘opportunity to reset’ relations on union January 23, 2022 A Lords committee said this week that the challenges caused by Brexit and the pandemic present an “opportunity to reset relationships” between the UK Government and devolved nations. The upper house’s Constitution Committee published a report on Thursday, calling for a shift in how the union operates, shoring it up for the 21st century. Among [...]
Brexit: Finland, Luxembourg, Portugal and Greece are exploiting Brexit as UK exporters are being ‘replaced’ January 23, 2022 Smaller EU countries are benefitting from Britain’s departure from the European Union. This is largely because they fill up the Brexit exporters’ spots. In fact, this situation could reduce the UK’s exports to the EU by -7.73 per cent by 2025, according to new analysis shared with City A.M. this week. The top three countries [...]
Brexit onslaught: A third of all British business owners is not sure their company will still exist in a year’s time January 23, 2022 Nearly one in three fear their company will close before the end of this year, primarily as the long-term effects of Brexit start to bite, according to alarming data shared with City A.M. this week. A slightly bigger number, 37 per cent, don’t think their business will survive until the end of 2027, as more [...]
Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City A.M. this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
December home transactions show ‘strong end to frenzied year’ as markets expected to slow January 21, 2022 According to HMRC data, the provisional seasonally adjusted estimate of UK residential transactions in December 2021 was 100,110. This marks a 20 per cent dip on December 2020 but a 7.6 per cent spike on the prior month. Last year also saw a record level of home transactions of almost 1.5m, the highest since 2007, [...]