Treasury slams City reform critics as ‘inconsistent’ despite lack of progress February 21, 2024 The Treasury has hit back at suggestions its landmark package of City reform is a “damp squib” today, describing the claims as “inconsistent” and claiming it is moving as fast as it can.
Why hasn’t the UK signed more trade deals? February 21, 2024 As Kemi Badenoch is dragged into a new political row over the status of trade talks with Canada, Jessica Frank-Keyes asks whether the UK's trade strategy is really working.
The Debate: Would citizens’ assemblies improve our democracy? February 21, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. This week: Should the UK introduce citizens’ assemblies? Yes: In Ireland, citizens’ assemblies helped identify a new consensus point for abortion rights The 24-hour-long ‘moment’ we just experienced around citizens’ assemblies has been [...]
One clear trend from London Fashion Week? The tourist tax is failing retail February 21, 2024 London's fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi.
Whatever you think of him, the former Post Office boss has guts February 21, 2024 The war of words that has erupted between the ex-Post Office chair and Kemi Badenoch is a welcome example of character, writes Simon Neville.
The Notebook: LSEG’s data business success calls LSE into focus February 20, 2024 Where the City’s movers and shakers have their say. Today, it’s City A.M.’s own editor Andy Silvester with the pen.
The Notebook: The City has to unite against the risks of generative AI February 19, 2024 The UK has opted to steer clear of AI-specific rules, leaving the onus on City businesses to determine how to use GenAI responsibly.
Morgan Stanley accused of duping EU regulators to comply with post-Brexit rules February 18, 2024 Morgan Stanley has been accused of making up a fake job title for one of its employees in an attempt to trick EU regulators into believing it had moved top execs to Europe to meet post-Brexit rules.
Monthly insolvencies tick up again as firms feel the brunt of the Bank of England’s interest rate hikes February 16, 2024 According to figures from the Insolvency Service, there were 1,769 company insolvencies in January, five per cent higher than in the same period last year driven by an increase in forced closures.
EDF swings to profit on back of high electricity prices but notes £11bn Hinkley hit February 16, 2024 French nuclear power giant EDF swung to profit in 2023, despite booking a large impairment on the struggling Hinkley Point C project.