Treasury mulls slashing higher-rate tax relief on pensions contributions March 20, 2021 The Treasury is reportedly considering huge cuts to tax relief on pensions contributions amid the spiralling cost of measures brought in during the pandemic. On 23 March, which has been dubbed “tax day”, the Treasury will announce new consultations on proposed taxation reforms, which could include reforms to pension tax. When people pay into their [...]
Sadiq Khan launches £6m campaign to get people back to central London March 20, 2021 Sadiq Khan has begun a £6m campaign to get workers and tourists back into central London, after a new report found the capital’s economy could be £36bn smaller in 2031 than pre-Covid projections. The new initiative will see City Hall encourage domestic and international tourists come back to the capital by putting on events that [...]
City Corporation launches public consultation for revised City Plan March 19, 2021 The City of London Corporation has today launched a public consultation for the revised City Plan 2036 and is calling on all those affected – including workers, businesses and residents – to provide feedback. The plan sets the strategic direction on future development of the City over the next 15 years and includes the vision, strategy, objectives and [...]
Dale Vince interview: Forest Green Rovers chairman and green energy tycoon on climbing the football leagues while saving the planet March 19, 2021 With a large green Union Jack behind him and a casually dishevelled appearance, Dale Vince brings to mind the leader of some rebel republic when he appears on the Zoom call. Being cast as a revolutionary is nothing new to Vince. In business, the former New Age Traveller has turned once-leftfield ideas about green energy [...]
Ocado CEO Tim Steiner: M&S products are more popular than Waitrose March 18, 2021 Ocado’s M&S products are favoured over the former Waitrose partnership products with customers, as the company enjoys a doubling of new registrations, the company’s chief executive said this morning. “The M&S product is more popular with our customers than the Waitrose products were,” chief executive Tim Steiner said during an investor call earlier this morning. [...]
Exclusive: Central London office investment activity jumps on success of UK vaccine rollout March 16, 2021 Investment activity in the Central London office sector jumped last month as the progress of the UK’s Covid vaccination programme bolstered buyer confidence, City A.M. can reveal. In the City of London, £346.55m was transacted across four deals in February, compared to just £30.96m in the previous month. Investment in the Square Mile was down [...]
Global growth narrative set to shift as pre-pandemic legacy issues resurface March 16, 2021 You may have missed what happened in the US and China over the past week but two major events took place in the world’s two largest economies that have the potential to directly impact us here in the UK. The first is the passage of President Biden’s $1.9trn stimulus bill in the US. The second [...]
Department for Transport to create 650 new jobs in Birmingham and Leeds March 15, 2021 The Department for Transport (DfT) will create 650 jobs in Birmingham and Leeds as part of plans to create new outposts in the cities. The department will open a new headquarters in the Midlands city, as well as a “northern hub” in Leeds. The plan is part of a wider government drive to move 22,000 [...]
London minister Paul Scully on his rise to government March 15, 2021 Paul Scully seems a natural fit for London minister. While the Sutton and Cheam MP didn’t grow up in the capital, Scully was born in Warwickshire and went to school in Bedforshire, he certainly sounds like a nailed-on Londoner. His south London twang is noticeable and so is his relaxed, chatty demeanour – the antithesis [...]
Canary Wharf: The ‘all work, no play’ banking district tries to reinvent itself as a Millennial neighbourhood March 15, 2021 Canary Wharf: The 'all work, no play' banking district tries to reinvent itself as a Milleninial neighbourhood