Building consensus on London’s housing priorities November 13, 2020 The housing market has the potential to play a significant role in the UK’s economic and social recovery from the pandemic – but housing in London faces a mounting number of challenges and uncertainties in doing so. That was the verdict of a roundtable held as part of a UK-wide initiative by Lloyds Banking Group [...]
Dominic Cummings ‘set to resign’ by end of the year November 13, 2020 Boris Johnson’s top advisor Dominic Cummings is expected to resign from his role in Downing Street by the end of the year. Transport secretary Grant Shapps told Sky News this morning: “As he [Cummings] wrote right at the beginning of the year in his own words, he planned to make himself largely redundant this year [...]
DEBATE: Will the National Security and Investment Bill make it harder for the UK to remain a business hub? November 13, 2020 Max von Thun, senior associate at political advisory firm Global Counsel, says YES. Under the screening regime proposed by the new National Security and Investment Bill, a much higher number of deals will be subject to potential government intervention on national security grounds for up to five years after they have taken place. In addition [...]
Pay no attention to the dysfunctional comms team behind the Downing Street curtain November 13, 2020 There’s a well-known warning in the world of theatre tech: if someone notices the lighting, you haven’t done your job. Yes, sometimes dazzling special effects are what make a show, but nine times out of 10 the audience only becomes aware of the tech if something goes wrong. The way you know you’re doing a [...]
New FCA chief tells City: ‘We are committed to open markets’ post-Brexit November 12, 2020 The Financial Conduct Authority (FCA) is committed to maintaining open financial markets following the end of the Brexit transition period, warning that not doing so will disrupt the city. Speaking today at Mansion House in an address to city regulators, new chief executive Nikhil Rathi said the watchdog had been keeping its focus on readiness [...]
Editorial: Downing Street’s political infighting mirrored in Brexit strategy November 12, 2020 Downing Street's political infighting mirrored in Brexit strategy
UK regulators prepared to intervene if Brexit disrupts markets, says FCA November 12, 2020 British regulators are prepared to intervene if the UK’s full departure from the European Union on 31 December risks disrupting financial markets, an executive from the Financial Conduct Authority (FCA) said. While Britain has already left the bloc, post-Brexit transition agreements gives banks and trading platforms full access to EU markets until the end of [...]
Downing Street: ‘Significant gaps’ remain in Brexit trade talks November 12, 2020 Downing Street has said “significant gaps remain” between the UK and EU in Brexit negotiations with talks not expected to yield a breakthrough this week. The Prime Minister’s spokesman told journalists today the UK was “working hard to get a deal”, but that little progress had been made. The unofficial deadline for the two sides [...]
City of London to be shut out of EU with no equivalence deal from January November 12, 2020 Brussels looks set to lock the City of London out of European markets from 1 January, with the EU not planning on granting regulatory equivalence for the whole bloc before the end of the Brexit transition period.
Brexit news could change outcome of BoE’s December meeting, says Bailey November 12, 2020 Developments in the ongoing trade talks between the UK and EU could affect the chance of the Bank of England’s monetary policy committee (MPC) taking action at its December meeting, governor Andrew Bailey said. Asked if Brexit developments could make the MPC’s next meeting “live”, Bailey said: “I’m sure we will have more information, so [...]