Promoting ESG to align the insurance industry to new stakeholder demands November 2, 2021 The global re/insurance industry faces both asset and liability exposure to the climate crisis, as well as opportunities to drive meaningful progress towards global resilience. As a result, insurance and reinsurance are crucial elements in a successful and inclusive transition to a green economy, helping clients to implement ESG mandates, as well as focusing on [...]
£19bn Crossrail mess: Uncertainty over how loans will be repaid while £150m funding gap looms October 29, 2021 The estimated cost of completing London’s new east-west railway exceeds current available funding by £150m, according to a new report by the Commons’ Public Accounts Committee (PAC). Moreover, Crossrail is facing a “serious” funding gap and there is uncertainty over how loans will be repaid, MPs have warned. The predicted cost of finishing the project [...]
London titans fear business rates relief cap will leave them with ‘same old headache’ October 28, 2021 Central London businesses and landlords have been left disappointed after a cap on a new business rates discount. At the dispatch box on Wednesday, Chancellor Rishi Sunak announced a one-year discount of 50 per cent for businesses in the hospitality, retail and leisure sectors. Eligible businesses will be able to claim a discount on their [...]
Why sport is playing against the clock when it comes to the climate crisis October 26, 2021 It is becoming increasingly apparent that the climate crisis touches everything and sport – often played outdoors and shaped by the weather – is, not surprisingly, no exception. Winter sports are in serious trouble. Alpine glaciers and skiing seasons are rapidly shrinking. Not a single event on last year’s biathlon circuit could proceed without using [...]
Driving in London: Calls for one-month ULEZ pollution charge amnesty October 26, 2021 City Hall Tories are calling for the Mayor of London, Sadiq Khan, to provide a one-month fines amnesty for drivers who fail to pay the Ultra Low Emission Zone (ULEZ) charge during the first month of the expanded zone. Drivers of vehicles which do not comply with minimum emissions standards are being charged £12.50 to [...]
Tory MPs call for UK government to pull out of global tax deal October 25, 2021 A pair of Tory MPs have called for the UK government to pull out of the global corporation tax deal, claiming it could cost the Exchequer billions in tax revenues. Backbenchers Greg Smith and Andrew Bridgen called for Rishi Sunak to reconsider his commitment to the deal, after he helped broker it at this year’s [...]
Dear Evan Hansen, Review: A crushing failure October 22, 2021 Big West End and Broadway shows often take a while to get big screen adaptations, partly because producers are reluctant to offer a home alternative to what they hope you’ll pay a lot of money to see live. Also, because when it goes wrong, it goes really, really wrong. Before December 2019, Cats was a [...]
Not just NatWest: Compliance guru on why money laundering is rampant in the City October 21, 2021 Over the past few decades, money laundering has become an increasingly prevalent issue. Financial institutions are constantly looking for new ways to fight money launderers, and several anti-money laundering policies have been put in place to help this effort. However, the recent case against NatWest sent shockwaves through the City, with many financial institutions realising that the financial watchdog, [...]
Most Brits don’t think they are paid ‘what they are worth’ but asking for a raise pays off October 21, 2021 Most people don’t believe they’re being paid what they think ‘they are worth’ to do their current jobs. And, perhaps unsurprisingly, the longer it’s been since they last received a pay rise, then the more inclined they are to feel this way. CIPHR polled 1,005 British adults to discover more about how employees perceive their [...]
Aggressive valuations: London home sellers overprice their properties by 40 per cent October 19, 2021 Home sellers across London are overpricing by as much as 40 per cent when it comes to the price at which they list their homes on the country’s major portals, versus the reality of what buyers will pay, according to new data shared with City A.M. this morning. The figures show that across Britain, the [...]