FCA CEO: ‘We will not target EU equivalence deal at any cost’ May 6, 2021 The City regulator’s new CEO has said it will not target an EU equivalence deal for the City of London “at any cost”, although he admitted not securing a deal could see consumers offered reduced choice in some financial markets. In a speech delivered to the Association of Foreign Banks today, CEO Nikhil Rathi said [...]
Irish government warns against the UK shielding Troubles soldiers from prosecution May 6, 2021 The Irish government has urged against the UK protecting former soldiers who served in Northern Ireland during the Troubles from facing prosecution, a foreign ministry spokesman said. It was reported by the Daily Telegraph yesterday that the UK government is looking to propose a ban on prosecutions of Northern Irish veterans, under new legislation to [...]
London-born Eastenders actor claims he is facing deportation to Jamaica May 6, 2021 A London-born actor has claimed he is facing deportation to Jamaica, just days after the Home Office opened visa pathways for winners of awards. After battles with the Home Office, Ace Ruele Aristotles’ Limited Leave to Remain was downgraded to temporary and must be renewed every 30 months, costing £2,389 each time. “Why should I [...]
Mayor of London election: What did the candidates say about the City of London? May 6, 2021 Londoners are heading to the polls today to decide who their next mayor will be. The pandemic has been particularly hard for the City, with workers, tourists and other visitors vanishing as lockdowns were imposed. Shops, restaurants, and pubs all had to pull their shutters down and offices emptied. Let’s take a look at what [...]
Semiconductor firm Alphawave prices London IPO at up to £3.2bn May 6, 2021 Canadian firm Alphawave has set a price range for its planned London float putting it on track for a valuation of up to £3.2bn. The company is just four years old and develops technology that pushes data through data centres and phone networks. It indicated plans to list in the capital last month and now [...]
To taper or not to taper, that is today’s question for the Bank of England May 6, 2021 The two most important days of the week are here; tomorrow, we have the US NFP data, and today, we have the monetary policy decision by the Bank of England. No firework is really expected at this event as it is widely believed that the BOE will leave the interest rate as it is, commented [...]
Mayor of London election: Beware the capital’s slide into a one-party city May 6, 2021 Most major election campaigns have trademark moments or themes that leave an indelible image on the electorate and become a part of the public’s collective memory. The 2019 General Election will be remembered as the Brexit election and for Boris Johnson’s “Get Brexit Done” slogan. In the 2016 London mayoral election there was Zac Goldsmith’s [...]
UK to send two Royal Navy boats to protect Jersey after France threatens blockade May 5, 2021 The UK will send in the Royal Navy to protect Jersey after France threatened to cut power to the island if the country’s fishermen are not granted full post-Brexit access to UK waters. Downing Street said the Prime Minister spoke to Chief Minister of Jersey Senator John Le Fondre about the prospect of a blockade. [...]
Brexit: UK grants EU ambassador full diplomatic status in end to row May 5, 2021 The UK has today agreed to grant the EU’s post-Brexit ambassador to Britain full diplomatic status in a move that ends a long-running row. In a joint statement, the UK and EU said ambassador João Vale de Almeida would receive “a status consistent with heads of missions of states”. This means he will be given [...]
Britain is sitting on a mountain of debt – but there is a way to climb down May 5, 2021 The UK’s public finances – a source of perennial debate amongst politicians, think tanks, economists and investors – are in focus like never before. Covid-19 has ushered in a period of unprecedented public spending, funded in the main by large amounts of debt. Government borrowing – money it needs to borrow to pay for spending [...]