Why I tabled an amendment to the Financial Services and Markets Bill on Digital ID March 29, 2023 Lord Holmes of Richmond talks through an amendment to the Financial Services and Markets Bill which covers safe and secure digital IDs.
The Notebook: Neil Bennett on corporate disasters, Paris on fire and signs of hope for Wandisco March 29, 2023 One of my favourite business quotes comes, inevitably, from Warren Buffett: “It is only when the tide goes out, that you discover who has been swimming naked.” In the past two weeks it has become clear that the recent rapid tightening of rates has created to a strong ebb tide, and that there is an [...]
No light at end of the tunnel: HS2 delay leading to higher costs as London Euston link nearing £5bn March 27, 2023 Delays linking up HS2 and Euston will mean extra costs and potentially even higher spending, the National Audit Office has warned ministers. A near 50-page report, looking specifically at the Euston element of the much delayed high-speed line, concluded that a “reset” in 2020 had “not succeeded”. It comes after Transport Secretary was criticised earlier [...]
It’s all about quality: Fixing the Square Mile’s shopping district March 27, 2023 As Oxford Street struggles to fill vacant spaces on its high street, many in the retail sector are also questioning what the future holds for the Square Mile’s shopping scene. At One New Change, the City’s prime shopping centre, which was launched in 2010 to rival London’s West End, there are about 10 vacant lots, [...]
London loves Thursday! 3.3m use Tube in return to (co-working) office – and the pub March 24, 2023 Thursday is now the most popular day for London workers to head into the office – with over 3.3m jumping on the tube to join colleagues for after work drinks. According to the latest ridership from TFL and WeWork shared exclusively with City A.M, Thursday is now the most popular weekday to travel on the [...]
How Succession became the must-watch TV show of the decade March 23, 2023 The first episode of Succession, aired all the way back in June 2018, only hints at the Shakespearian epic that would follow. On first watch it seemed a little goofy: Kendall rapping along to the Beastie Boys in the back of his car; cousin Greg puking from behind the eyes of a fairground mascot. It’s [...]
UK house prices: Growth down while rents soar by their highest in seven years March 22, 2023 Private rent paid by tenants in the UK rose 4.7 per cent in the 12 months to February 2023, up from 4.4 per cent in the 12 months to January 2023, according to the Office for National Statistics which also reported that house prices increased 6.3 per cent in the same period. Annual private rent [...]
The Notebook: Neil Wilson on Credit Suisse, interest rates and Ayn Rand March 22, 2023 How did you go bankrupt?” Two ways. Gradually, then suddenly.” Hemingway’s wisecrack could be the epitaph for Credit Suisse, whose ignominious end caps a series of disasters at the Swiss bank, eventually bringing it to the brink on Sunday. UBS has probably done rather well, picking up CS for cents on the dollar, even if it will take [...]
On the right track? Beleaguered train operator Avanti gets contract extension March 20, 2023 Train operator Avanti West Coast has been handed a short-term contract extension by the Department for Transport (DfT), the FirstGroup-owned company said. The operator has struggled with reliability and punctuality during parts of the past year. Its contract was due to expire at the end of March but has been extended until October 15. FirstGroup [...]
What The Best Companies in The City of London are Doing to Save Money March 20, 2023 In the competitive business market of London, companies are looking for any advantage they can find to save money and stay ahead. One of the most popular options for companies wanting an office in London is to utilise non-traditional commercial real estate, such as serviced offices. Traditional office space is a huge investment Traditional office [...]