‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Sadiq Khan is to institute a £10 charge for London’s most polluting vehicles, while accelerating the planned expansion of the ultra-low emission zone July 5, 2016 Sadiq Khan has fleshed out his proposals to tackle London's air quality, including specifying new charges for drivers in environmentally unfriendly vehicles. Khan made tacking the city's pollution a key plank of his election platform, and figures last month showed that Londoners living in the capital’s most deprived boroughs are significantly more likely to die [...]
London needs a seat at the decision-making table to make Brexit work for the capital July 5, 2016 London is, and always will be, open for business. Once, we were the world’s largest port – from which ships traded around the globe. Over the last century, we grew to become the world’s most competitive financial centre. And now, as we face the challenges thrown up by the result of the referendum on our [...]
There’s no reason London can’t stay the number one global financial centre outside the EU July 4, 2016 The chancellor’s press conference last week reassured the markets in a volatile period. He said that the UK economy faces these fresh economic challenges from a “position of strength.” This is a point I have reiterated many times over the past few days, when visiting the economic hubs of Dallas and Chicago. The most frequently [...]
The French PM is already wooing Brexit-battered City firms July 2, 2016 France is already thinking about how to nab the City's best bankers after Britain voted to leave the European Union. Prime Minister Manuel Valls said on Saturday he is thinking about how to re-jig France's tax system to attract international firms which may be thinking of leaving London. Read more: When will Article 50 be triggered? Probably [...]
Mayor of London Sadiq Khan to sell off water cannon bought by Boris Johnson that weren’t used a year after Theresa May blocked their deployment July 1, 2016 Mayor of London Sadiq Khan is to sell off three never-used water cannon previously purchased by Boris Johnson on behalf of London. Boris Johnson spent more than 200,000 on the three water cannon, which were blocked from being used on the streets of London by home secretary Theresa May. The former London mayor came under fire [...]
Tony Blair says Labour is “effectively disabled” while warning against a Brexiteer leading EU negotiations July 1, 2016 Former Labour Prime Minister Tony Blair has said the Labour party is "effectively disabled", stressing the neeed for statesmanship in crafting the negotiations with the EU. Blair, who was Prime Minister between 1997 and 2007, cautioned against a Brexiteer leading the negotiations with the EU. Writing in the Telegraph, Blair said: "With the Labour Party [...]
Conservative leadership race must speak to the City July 1, 2016 As Michael Gove’s former head of communications, James Frayne, argued in City A.M. on Tuesday, nobody should be surprised that politicians lacked a ready-made vision of what Brexit will look like immediately after last week’s shock vote. UK politicians have abdicated responsibility over issues like trade policy to EU fonctionnaires for over 40 years, so [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
Fintech boss Rajesh Agrawal named as deputy mayor for business and enterprise June 29, 2016 Fintech entrepreneur Rajesh Agrawal has been named as the new deputy mayor for business and enterprise. Agrawal, chief executive of Rational FX and online money transfer platform Xenday, was named to the position by London mayor Sadiq Khan earlier today. Khan has tasked Agrawal with protecting jobs and growth while trade negotiations with the European Union and other countries take place. Agrawal said: Having run my [...]
Work and pensions minister Stephen Crabb becomes the first official candidate for Conservative leadership June 29, 2016 Work and Pensions minister Stephen Crabb has put forward his bid to become the leader of the Conservative party – making him the first person to launch an official bid to become the UK's next Prime Minister. At a press conference today, Crabb said the UK faces a "challenge of mind-boggling complexity". Crabb has teamed [...]