Khan unveils plan to make housing affordable for key workers November 25, 2024 Mayor Sadiq Khan has launched a consultation on plans to make housing more affordable for Londoners. Khan has proposed rents based on 40 per cent of key workers’ average household incomes, with rent rises potentially linked to wage growth. The proportion of a key worker’s income needed to cover rent on a median one-bedroom property [...]
FCA is ‘incompetent’ and transformation plan a ‘failure’, MPs say November 25, 2024 The Financial Conduct Authority (FCA) is “incompetent” and “defective” and attempts to transform itself over the past four years have been a “failure”, according to a damning report by a group of MPs, set to be revealed tomorrow. In a more than 350-page report compiled over three years, the All-Party Parliamentary Group on Investment Fraud [...]
Emma Hayes: I felt unwell at the end of my time at Chelsea November 25, 2024 Former Chelsea women’s boss Emma Hayes has said she felt “unwell” towards the end of her tenure with the WSL champions. Hayes left Chelsea after 12 years to take charge of the USA women’s team and led them to a gold medal at the Paris 2024 Olympic Games. The Lionesses of England face the USA [...]
Alcaraz to play at Queen’s ahead of Wimbledon in 2025 November 25, 2024 Reigning Wimbledon champion Carlos Alcaraz will return to Queen’s Club in 2025 as he looks to win the British grass season curtain raiser for the second time in three years. The Spaniard was victorious in West Kensington in 2023 but failed to secure victory earlier this year when he was beaten by Britain’s Jack Draper. [...]
Diplomat tells business leaders: Special relationship ‘isn’t going anywhere’ with Trump’s return November 25, 2024 The UK-US “special relationship isn’t going anywhere”, a senior diplomat has predicted, ahead of Donald Trump’s return to the White House in January. Matthew Palmer, deputy chief of mission at the US embassy in London, told attendees the two countries “transatlantic alliance” and “economic relationship” was one of the most “resilient and adaptable relationships in [...]
Recalibrating time at the Iconic Jamaica Inn November 25, 2024 On my way to Jamaica, I had two hours to kill at Miami Airport. I parked myself at one of the Cuban cafes for a cubano, a perfect sandwich of roast pork, ham and pickles welded together by a semi-fluid puck of Swiss cheese. Then in that very American, somewhat disorientating way, especially after a [...]
The government is turning its back on the industries that fuel Britain November 25, 2024 An outsized focus on emerging industries risks marginalising those that have served as the foundation of our economy for decades, writes Salman Amin I think we can all sign up to the government’s mission to grow the UK economy, renew the country’s competitiveness and unlock investment. After all, what business leader wouldn’t? The big question [...]
BDO becomes £1bn giant as partner profit recovers November 25, 2024 Revenue at BDO, the accountancy and business advisory giant, has surpassed £1bn for the first time in its 100-year history, it has been confirmed. The London-headquartered firm, which has offices across the country, said its “continuedprogramme of investment” helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024. The [...]
Storm Bert: Great Western Railway suspends London Paddington services November 25, 2024 Train services between London Paddington and both South West England and south Wales have been severely impacted by the effect of Storm Bert. Great Western Railway (GWR) has suspended services on ‘all key routes” due to flooding and fallen trees while other operators have cancelled services today while more than 180 flood warnings remain in [...]
Alan Sugar’s property empire returns to profit after huge loss November 25, 2024 The Apprentice star Lord Alan Sugar’s property empire returned to the black during its latest financial year after recovering from a huge loss, it has been revealed. Amshold, the company which Lord Sugar holds his property investments, achieved a pre-tax profit of £932,000 for the 12 months to 30 June, 2024. The latest figure, revealed in [...]