Manufacturing output on track for spring surge March 23, 2021 Manufacturing output hit its highest level in nearly two years in the three months to March in the clearest sign that a revival could be on the cards for the sector. Although still flat, the CBI’s monthly order book balance rose to -5 in March, the highest reading since April 2019 and up from -24 [...]
David Cameron lobbied Bank of England to help failed Greensill Capital March 23, 2021 David Cameron lobbied the Bank of England to help bail out failed finance firm Greensill Capital where he worked as an adviser, it has been revealed. The central bank said the former Prime Minister contacted it on several occasions to try and relax the rules on the emergency Covid Corporate Financing Facility (CCFF) scheme, which [...]
UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]
Covid-19, a year on: The Corporation and the State March 22, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. The state and the market have long been locked in a cautious dance. [...]
MPs to decide today if David Cameron’s lobbying for Greensill bailout will be probed March 22, 2021 MPs to decide if David Cameron's lobbying for Greensill bailout will be probed
The greatest space mission will be tackling climate change and protecting our planet March 21, 2021 Efforts around the world are focused on making businesses more sustainable, with ever greater emphasis on innovative technology to help solve the climate crisis we face. There was a dearth of climate-related announcements in Rishi Sunak’s Budget speech earlier this month. Sunak did, however, reiterate the Government’s plan to establish the UK as a “science [...]
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 [...]
Boris Johnson’s director of comms to join The Sun as deputy editor-in-chief March 19, 2021 Prime Minister Boris Johnson’s director of communications will move to The Sun as the newspaper’s new deputy editor-in-chief, just a few months after he took on the top job at Number 10. James Slack took over as Johnson’s director of communications at the end of last year. The former political editor of the Daily Mail [...]
Screenshot: Who’s invited to the UK’s summer of fun? March 19, 2021 This week **Media Moment of the Week: No 10’s power vacuum **Who’s invited to the UK’s summer of fun? **BT gets a broadband boost Media Moment of the Week: No 10’s power vacuum There are two main things to remember when unveiling your grand £2.6m briefing room to the world: make sure it doesn’t look [...]
Treasury sells £1.1bn NatWest shares back to the banking group March 19, 2021 The Treasury said this morning it had completed the sale of £1.1bn in NatWest Group shares, selling the stock back to the banking group. The agreement with NatWest, formerly the Royal Bank of Scotland Group, represents the government’s third sale of its NatWest shareholding, bringing its stake down from 61.7 per cent to 59.8 per [...]