A Russian billionaire, the Dyson family, Gym Shark founder and Sting are among 100 of the richest Brits who paid nearly £5.2bn in tax during 2022 January 27, 2023 A Moscow-born billionaire is the UK’s top tax payer, paying more than £487m in just 12 months, according to the Sunday Times’ annual tax list. Alex Gerko, boosted the Treasury’s coffers by more than £1.3m a day or £55,639 an hour during 2023. Gerko, who became a British citizen and renounced his Russian citizenship late last [...]
Calls for Boris Johnson to resign grow louder as Downing Street gears up to sacrifice key staffers January 16, 2022 The Prime Minister is reportedly preparing to oust members of his inner circle over the partygate affair as another Conservative MP called for him to resign. Boris Johnson is devising a policy announcement blitz and a cull of his top team as he looks to survive the publication of senior civil servant Sue Gray’s report [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 9, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Chairman trades The Restaurant Group for the FA The Restaurant Group (TRG), which host brands like Wagamama and Frankie & Benny’s, has confirmed this week that its chairman will be stepping [...]
London Concours 2021: The rarest and most valuable cars June 5, 2021 We reveal some of the finest cars you’ll find on the manicured lawns of the Honourable Artillery Company in London this month.
Spac-tacular: The City welcomes overhaul of stock market listings March 3, 2021 The US phenomenon of Spac listings could soon make its way to the City after a government-backed report called for widespread reform in the stock market. Lord Jonathan Hill’s report into London’s listing requirements called for regulators to allow blank-cheque vehicles to list in the capital as well as to ease other listing restrictions. It [...]
The Tories that voted for Christmas November 4, 2020 England will enter its second national lockdown at midnight tonight, after MPs overwhelmingly voted in favour of new restrictions. The government won the vote by 516 to 38, with a majority of 478 meaning the fresh measures will come into effect at the twelfth stroke of the clock. In a three-hour debate in the House [...]
Super Saturday: The pubs, bars and restaurants reopening in the City July 3, 2020 It’s been eerily quiet in the City over the past few months, but things are starting to come back to life. Following Prime Minister Boris Johnson’s announcement last week that England is set to emerge from its “national hibernation,” some of the City’s pubs, restaurants and bars will open their doors for the first time [...]
All the Tory MPs who have called for Dominic Cummings to go May 25, 2020 The Prime Minister is facing renewed pressure from Tory MPs to sack Dominic Cummings. Boris Johnson has stood by his adviser Dominic Cummings despite growing calls for his resignation after breaking lockdown rules. Number 10 initially batted off the Guardian and Mirror investigation into Cummings’ movements during lockdown as activities of “campaigning newspapers”. However, Tory [...]
Coronavirus live: Social distancing needs to be in place for most of a year, say government advisers March 20, 2020 1.35pm: Social distancing measures need to be in place for “most of a year” Scientists advising the government have said social distancing measures need to be in place for “at least most of a year” to combat the coronavirus outbreak. In a press conference last night, Prime Minister Boris Johnson said the UK could “turn [...]
UK stocks 2020: Which shares are City A.M. staff backing in the new year? December 30, 2019 The UK stock market looks set to end the year on a high after the Tories’ election win and progress in US-China trade talks alleviated the uncertainty that has weighed on markets for months. But the road ahead is far from clear, with the looming Brexit date of 31st January and various upcoming trade negotiations [...]