Bank of England deputy governor pushes for EU and UK commitment to Brexit transition by Christmas October 4, 2017 The Bank of England’s deputy governor will tonight urge UK and EU politicians to agree transitional arrangements for financial services by Christmas, as regulators push for continued close cooperation after Brexit. Sam Woods, who leads the Prudential Regulation Authority (PRA), is expected to warn that firms will be forced to start putting their plans for [...]
The London underground: How the underground music zines of the 1960s helped to define the counterculture | City A.M. October 4, 2017 Although I grew up in London with the Beatles, the Rolling Stones and Joan Bakewell, the day I discovered the underground press, to use the vernacular of the day, “blew my mind”. Since 1975, I’ve collected printed materials associated with the British underground press, an anarchic phenomenon that provides a fascinating alternative history of the [...]
No-el delivery: Christmas shutdown on the cards as union votes in favour of Royal Mail strikes October 3, 2017 A key hurdle preventing a Christmas shutdown of Britain’s postal service was today removed as Royal Mail’s main union backed industrial action. The Communication Workers Union (CWU), which represents 110,000 postal staff, today voted in favour of strike action with 89.1 per cent approval for the motion. Some 73.7 per cent of the membership voted [...]
Addison Lee is on the hunt for hundreds more drivers in London after Uber’s licence loss September 29, 2017 With Uber battling to secure a change of mind from Transport for London over the loss of its London licence, other taxi rivals have been quick to report rising app downloads and increased interest. And today, Addison Lee announced it is on the hunt for 1,000 extra drivers due to a rise in demand. The [...]
Heathrow calls on government to scrap air passenger duty on domestic flights to level the playing field with Europe in plan for Brexit Britain September 20, 2017 Heathrow has today called for the abolition of air passenger duty (APD) on domestic flights, and improved connections to the capital, in a letter to the chancellor on ways to boost Brexit Britain. The airport said abolishing the tax would level the playing field with Europe. Read more: MPs launch wide-ranging inquiry looking at impact [...]
Meet the firm which hopes to solve the late payment problem September 7, 2017 Most firms just aren’t ready for the tsunami of changes around working capital which will hit British businesses this year. This warning comes from Tony Duggan, chief executive of fintech firm Crossflow Payments, a company which acts like a cog between corporations, their suppliers, and funding providers – ensuring that suppliers don’t have to wait [...]
Brighton’s brilliant beancounter: 20 years on, how a lifelong fan saved the Seagulls from extinction August 30, 2017 At 9pm on Christmas Eve 1996, Paul Samrah, a well-to-do partner at mid-tier accountancy firm Kingston Smith, sorted through the last of his mail in preparation for the festive break. “It was the last envelope I opened,” Samrah recalls to City A.M.. To his horror, he had been slapped with a two-year ban from Brighton [...]
City flexes its muscle as Brexit talks resume: Transitional services deal needed by Christmas to avoid harm say business leaders August 28, 2017 Brexit secretary David Davis and his EU counterpart Michel Barnier launched the latest round of exit talks last night, as the City expressed fresh concern over the lack of progress on a transitional deal for financial services. Senior business figures are warning the government to secure a bespoke transitional Brexit deal for financial services by [...]
Butter warning: Anchor and Cravendale owner Arla’s boss warns of butter shortage before Christmas this year July 6, 2017 Dairy-lovers and toast fans, you might want to look away now: the UK has been warned it’s facing a shortage of butter and cream this Christmas. Insufficient milk is being supplied by farmers to make dairy products, Peder Tuborgh, boss of dairy group Arla, told the BBC. Farmers “put the brakes on” in 2016, he [...]
Get ready, hipsters: The Night Tube is coming to the Overground with services from New Cross to Dalston starting in December July 3, 2017 It may have taken a loooong time to get here but now the Night Tube is up and running like a… well, like a train. Nearly a year since its launch, the 24-hour night service is being rolled out to the Overground line at weekends, starting with the branch between New Cross Gate and Dalston, [...]