Forget writing letters to stay at home mums, we need to rethink tax-free allowances February 7, 2023 Britain has a productivity and employment problem and the government, try as it might, can't get the over 50s or parents back to work. Changing tax-free allowances might be the ticket, writes Alex Petropoulos
Labour bound ahead in polls with largest lead since Sunak entered No10 February 6, 2023 The Labour Party has bounded ahead in the polls with their largest lead over the Conservatives since Rishi Sunak entered No10 – with the PM getting record low approval ratings from the public. Voters have given Keir Starmer’s party a 26% lead, according to the latest voting intention survey, by Redfield & Wilton Strategies. It [...]
WWE wrestling in London: tickets costing £2,675 on sale as Money In The Bank hits London February 3, 2023 Get ready for over-the-top slam-dunks and ridiculous outfits: WWE is landing in London this summer for the first time in over two decades. It follows WWE’s Welsh show last September which was called Clash At The Castle and was the first major UK stadium show since 1992. It was hugely successful, and became the most [...]
London restaurants: Outlook ‘bleak’ as insolvencies mount across the industry February 1, 2023 London restaurateurs have described the outlook for the sector as ‘bleak’ after research has revealed that the number of hospitality businesses going bust has jumped by 65 per cent in the last year. The figures, which were released by accountancy firm Price Bailey, show that 1,880 British restaurant businesses became insolvent in 2022, compared to [...]
Marks and Spencer’s chairman Archie Norman: Plans to ease post-Brexit trade ‘overbearing and baffling’ January 26, 2023 Marks & Spencer’s chairman has become the latest business leader to criticise the Government’s economic policy, with Archie Norman calling plans to ease post-Brexit trade “overbearing” and “baffling”. Norman, who is also an ex-Conservative MP, has urged the Foreign Secretary during talks with the EU not to consider separate labelling for goods sold in Northern [...]
Yes it’s cold and dark, but London will find a way to beat the January blues January 26, 2023 London has so much to offer this winter. Brave the cold, and go check out the new Battersea Power Station, the restaurants of Coal Drops Yard or the iconic Ikoy on the Strand, writes Alex Cheatle
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, [...]
Inflation wipes out Christmas sales as Britain stumbles toward recession January 10, 2023 Inflation is forcing Brits to rein in spending to shield their finances, prompting experts today to warn of a rise in high street bankruptcies as the country stumbles into a recession. Retail sales fell in real terms over the Christmas period, when consumers tend to splash the cash on food, new clothes and decorations, according [...]
The Notebook: Victoria Scholar on defensive plays, BA’s new uniforms and Elon Musk’s fall from fortune January 10, 2023 The Notebook is a new feature for 2023, allowing the City’s biggest names to get a few thoughts off their chest. Today it’s the turn of Victoria Scholar, Head of Investment at interactive investor It has been widely reported that the UK is on the brink of recession while a third of the global economy [...]
Covid variant, China invasion of Taiwan and more inflation: What shocks will 2023 bring? January 8, 2023 A new Covid-19 variant that escapes vaccines is among the biggest risks threatening to sharpen the UK recession, City economists surveyed by City A.M. suspect. Asked what wildcard trends could spring up to hit the economy this year, experts warned another deadly strain of the virus spreading is one of the biggest headwinds that would [...]