COP26: What are the UK’s goals for the landmark summit? May 1, 2021 It’s six months until the UN’s flagship climate conference, COP26, kicks off in Glasgow. As the host of this year’s conference, the UK has a unique job: to corral the world’s biggest economies into updating their nationally determined contributions (NDCs) – formal targets to reduce emissions – in line with the demands of the 2015 [...]
Saturday Sitdown: Uber UK boss Jamie Heywood on the recovery, workers’ rights and electric vehicles May 1, 2021 Jamie Heywood, Uber’s top man in the UK, Northern and Eastern Europe, has a spring in his step – at least, as much as you can see that on Zoom. Since the reopening of London’s bars and restaurants, with tables next to heaters prized like rare artefacts, Uber has seen rides spike upwards as Londoners [...]
How strong might the UK’s post-Covid economic recovery be? April 30, 2021 It has been a tough start to the year for the UK. As lockdown restrictions continue to slowly ease, we examine the progress made in tackling the Covid-19 pandemic, and whether hopes for a strong economic recovery are well founded. Vaccines offered hope, speedy inoculation will solidify the recovery A year on from the start [...]
Brand London: How will the capital change after Covid and Brexit? April 29, 2021 As the UK gradually emerges from lockdown, the deserted streets of London are beginning to show hints of their former vibrancy. But a return to normality will be far from straightforward. Not only has London been left reeling from the Covid-19 pandemic, it is still working through the fallout from Brexit, which has sparked a [...]
Exclusive: A quarter of Londoners fear capital will lose global status April 29, 2021 More than a quarter of Londoners fear the capital will become less important on the global stage as a result of the dual shock of Covid-19 and Brexit. A survey conducted by market research firm One Pulse exclusively for City A.M. revealed 26.5 per cent of Londoners believe the city will lose international clout over [...]
Britain’s top bosses call for ‘national prosperity’ plan to boost growth post-pandemic April 28, 2021 Some of the UK’s top business leaders have called on the Government to set out a plan to boost growth as the country deals with the devastating impact of the pandemic. The Covid Recovery Commission, a group set up by last summer which includes top executives from Tesco, Shell and Heathrow Airport , has set [...]
Exclusive: Boris Johnson faces calls from business leaders to commit to net zero financial system April 27, 2021 A group of business leaders have written to Boris Johnson asking him to commit the UK to developing a net zero financial system ahead of this year’s COP26 climate summit. The letter, which has been seen by City A.M., said that such a move would allow the Britain to show off its global leadership before [...]
Exclusive: Ministers discuss plans to revamp Covid homeless scheme in London April 26, 2021 A new cross-Whitehall group has been set up to help coordinate policy on London-focussed issues, with a revamp of last year’s Covid homeless scheme among its early priorities. The ministers involved are looking at whether last year’s Everyone In scheme could be used as a platform to provide health and other services to homeless people [...]
Peter Harrison: The City must back Sunak’s vision for the stock market April 26, 2021 The relationship between the stock market and the economy is fundamental to any nation’s wealth. Without the effective channelling of capital to the best businesses, all suffer. For decades, London has been a world-leading financial hub, but now its future is less certain. First, consider an example of its success. Exactly 20 years ago, a [...]
Sunday Sitdown: ‘Skittish’ banks need to up their game, says CEO of Ezbob April 25, 2021 Following a nightmare year that was hugely disrupted by the pandemic and three subsequent lockdowns, the City is slowly switching into recovery mode as the economy starts to re-open and many sectors are coming back to life. To discuss the way back up, City A.M. sits down with Tomer Guriel, chief executive of Marble Arch-based [...]