Major City report sheds light on ‘class ceiling’ blighting financial services November 30, 2022 A major City report into social mobility has called to “break the ‘class’ ceiling” and get more people from non-professional backgrounds in boardrooms. The industry must “act now” to make the workforce more socio-economically diverse, with a lofty goal of at least half senior leaders in financial and professional services being from that background by [...]
Exclusive: Business rates hike a ‘ticking time bomb’ for London economy, Mayor warns November 29, 2022 Thousands of squeezed London businesses are now facing a “ticking time bomb” in the form of coming tax hikes, London Mayor Sadiq Khan has warned. Khan revealed to City A.M. last night that business rates will increase in 28 of the capital’s 32 boroughs in 2023, just as the UK is predicted to go into [...]
Sadiq Khan presses ahead with London-wide ULEZ expansion November 25, 2022 Sadiq Khan has pressed ahead with his decision to expand the ultra-low emission zone London-wide from next August. The ultra-low emission zone (ULEZ) is aimed at cleaning London’s air, forcing vehicles that don’t conform to the environmental standards to pay a daily £12.50 to enter. It will also help relieve congestion in the capital. The [...]
Fresh cash will save 53 bus routes as Sadiq Khan warns ‘tough decisions needed elsewhere’ November 23, 2022 Over 50 London bus routes were saved today after London mayor Sadiq Khan announced a £25m worth of annual funding. The extra cash will be used to prevent 53 routes from being withdrawn following concerns from thousands of Londoners. The £25m per year will be in addition to a £500m facility set up by City [...]
Starmer: Labour has no interest in a Swiss-style Brexit deal November 22, 2022 A future Labour government would not pursue a “Swiss-style” Brexit arrangement to bring the UK closer to the EU, Sir Keir Starmer has said. The opposition leader, writing in City A.M., said a new Brexit deal to increase regulatory alignment with Brussels will “not be the fix some imagine”. The government has been forced this [...]
Starmer: UK must be weaned off its ‘immigration dependency’ November 21, 2022 The UK can no longer rely on “low pay and cheap labour” to spur economic growth and must be weaned off its “immigration dependency”, Labour leader Sir Keir Starmer will say tomorrow. Starmer will tell the Confederation of British Industry’s (CBI) annual conference that a Labour government will “start investing more in training up workers [...]
London businesses gather to celebrate six months of Elizabeth line November 21, 2022 London businesses have gathered to celebrate the Elizabeth line’s impact on the capital almost six months after its opening. Data published by Transport for London (TfL) showed that almost 70 million trips have been made on the line since 24 May. “In just six short months we’ve seen more than 60 million journeys along the [...]
Half of Londoners against Sadiq Khan’s expansion of ULEZ as Mayor slams ‘misleading’ poll November 17, 2022 More than half of Londoners are against the mayor expanding the ULEZ (Ultra Low Emissions Zone) next August, according to a new poll out today. YouGov figures, commissioned by the Conservatives in City Hall, claim that 51 per cent of respondents don’t think the ULEZ should be expanded to encompass most of Greater London. Numbers [...]
24 hour city: Bromley, Vauxhall and Woolwich named as London’s nighttime enterprise zones November 17, 2022 City Hall has announced Bromley, Vauxhall and Woolwich as recipients of a new cash pot to boost high streets at night time, helping businesses stay open for longer into the night. The Mayor of London’s office said a £0.5m fund would boost the economies of these parts of London after 6pm – with a package [...]
London’s last dance? Night czar Amy Lamé talks clubs facing lights out November 16, 2022 Night czar Amy Lamé talks to CityAM about London’s nightlife facing lights out, the capital as a 24 hour city and feeling like a pandemic scapegoat. “Gosh, how long have you got?” Lamé says with a laugh, when asked what the biggest challenge facing London’s night time economy is currently, in a bustling Soho coffee [...]