Boris Johnson indicates furlough scheme will be extended past April February 22, 2021 Boris Johnson has today vowed “not to pull the rug out” on people receiving emergency Covid support, indicating that he will extend the furlough scheme and other measures past April. Johnson outlined England’s roadmap out of the current Covid lockdown, telling MPs that the easing of lockdown would be a “one way road to freedom”. [...]
A wealth tax could raise as much as £55bn – but is it really the answer? February 22, 2021 Our friends at Tortoise are hosting an all-day summit on the Future of Money this coming Thursday. They’ve opened up the exclusive event to a small number of City A.M. readers, who can register here with the code GUESTOFCITYAM. Here, Tortoise’s Kim Darrah and Giles Whittell look at what a mooted wealth tax could mean [...]
What will Boris Johnson’s ‘roadmap’ for exiting lockdown look like? February 22, 2021 Boris Johnson has vowed to set out a “roadmap” for lifting lockdown measures this afternoon, as the UK continues to make rapid progress with its vaccine rollout. While the shape of the timeline has yet to be revealed, the Prime Minister has said he will provide dates for lifting specific measures “if we possibly can”. [...]
Onthemarket toasts pandemic property boom with strong hike in revenue February 22, 2021 Onthemarket has hailed a busy year of house-hunting during the pandemic, as the property platform reported a surge in revenue for the year to 31 January. Onthemarket said it expected full-year adjusted revenue to be around £22.5m, marking a 20 per cent year-on-year hike during the pandemic. It also expects adjusted operating profit for the [...]
New UK taxes have raised £48bn in last decade, says new study February 22, 2021 The UK taxman has collected £48bn in revenue through new taxes in the past decade, according to a British accountancy group. UHY Hacker Young said the figures showed that a series of taxes under successive Conservative chancellors have “not fit in with their aim to simplify the UK tax system”. The study showed that the [...]
UK to unveil new visa scheme for fintech workers February 21, 2021 Rishi Sunak will reportedly unveil a new UK visa scheme to help London’s fintech firms attract more global talent in the wake of Brexit. The new visa fast track scheme will give priority access to professionals in the tech industry to live and work in the UK as a part of the country’s new post-Brexit [...]
Rishi Sunak set to raise UK corporation tax in 3 March Budget February 21, 2021 Rishi Sunak is reportedly set to raise UK corporation tax in his 3 March Budget in a bid to raise an extra £12bn in government revenue. Sunak will help pay off for a further extension of the government’s Covid-19 support programmes by raising the corporation tax rate from its current 19 per cent to 23 [...]
Sunday Sitdown: Time Out boss Julio Bruno on the ‘renaissance’ of cities February 21, 2021 While no one could have predicted the outbreak of coronavirus, few companies have been blighted by worse timing than Time Out. In the face of shrinking revenue from its core events listings business, the media group has spent recent years shifting its focus to a new offering of food and culture markets. But when the [...]
No trace of coronavirus on London Tube or buses, study finds February 19, 2021 No traces of coronavirus have been found in London’s Tubes, buses and stations, according to a wide-ranging new study. Experts from Imperial College London have been taking air and surface samples from journeys on London’s transport network each month since October. Scientists mimicked a typical commuter journey on London’s bus and Tube network, and repeated [...]
London at risk of being ‘levelled down’ by pandemic, leading business groups warn Rishi Sunak February 19, 2021 A coalition of powerful business groups has urged the chancellor to outline stringent support measures for the capital, as they warned London risks being “levelled down” by the pandemic. In a letter to Rishi Sunak, the heads of groups representing more than 6,000 businesses including Heathrow Airport, the Ritz and Fortnum & Mason, said months [...]