Why has levelling up failed? November 17, 2023 Levelling up has become a semi-religious mantra to which Labour has joined in the ubiquitous chanting. Yet the scheme has been mired in criticism – its selection process was condemned as “corrupt” and local authorities are struggling to spend their lot.
As London loses firms to the US, our obsession over regulations is a distraction November 17, 2023 The idea regulations need to be trimmed back is a pure distraction from the real problems that London faces, writes Daniel Valentine
Audit watchdog pledges to focus on growth after reforms are shelved November 7, 2023 The audit watchdog has announced it will look to focus on promoting “growth and the UK’s competitiveness” after the government shelved a host of reforms that would have increased reporting requirements for London-listed companies.
MPs call on Rishi Sunak to stop delaying audit reform October 29, 2023 A group of MPs and peers have written to the Prime Minister to call on him to include the Audit Reform Bill in King Charles’ state opening of Parliament on Wednesday, November 7.
Ofwat: Thames Water has ‘significant issues to address’ as industry pays £1.4bn to shareholders October 26, 2023 Water regulator Ofwat has named the four worst performing water companies, with troubled Thames Water among those being urged to address big holes in their finances. Ofwat, which oversees the water sector in England and Wales, said Thames Water, Southern Water, SES Water and South East Water need to deliver a turnaround in their financial [...]
Brandon Lewis: Former Tory chairman to join firm co-founded by sanctioned Russian billionaires October 25, 2023 Lewis will join the London-based firm, co-founded by billionaires Mikhail Fridman and Petr Aven, as an advisor.
Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
‘Promises expected to fall short’ admits new UK National Lottery operator October 17, 2023 Despite initial vows, Allwyn has said last year’s funding to good causes of approximately £1.8bn will barely increase next year.
KPMG to cut jobs and freeze pay in deals division October 17, 2023 Around 110 employees, nearly seven percent of the KPMG's UK deals workforce, are expected to be laid off, according to the Financial Times.
Ex-Boris Johnson adviser switches sides to boost Labour business plans October 16, 2023 Former Tory adviser Iain Anderson has been recruited to work with Labour on securing closer relations with business.