Boris Johnson promises tax cut for 3m if he wins PM race June 10, 2019 Boris Johnson has promised to cut income tax for those earning more than £50,000 if he wins the Tory leadership race. Johnson said he would cut taxes for around 3m people by raising the 40p threshold from £50,000 to £80,000 if he becomes prime minister. “We should be raising thresholds of income tax – so [...]
Ashwin Bhardwaj travels to the cultural heart of Russia, to eat and drink with the locals of St Petersburg April 17, 2019 There are not many places that have left me literally gobsmacked, but the moment I stepped outside the Finljandski Train Station in St Petersburg, I knew that I had arrived somewhere special. It was here, in 1917, that Vladimir Lenin stepped back onto Russian soil after nearly 20 years of exile. He had taken the [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
Police shred Ukip leader’s claim officers will deploy water cannon on pro-Brexit protest rallies March 29, 2019 The Met Police was quick to dismiss an MEP's claims this morning that officers would use water cannon on pro-Brexit marchers congregating in London today. Read more: Brexit vote live: Mogg slams 'failure' that Brexit won't happen today Ahead of the several pro-Brexit marches taking place in the capital today, Gerard Batten MEP tweeted: “There are reports [...]
Government firmly rejects ‘Revoke Article 50’ petition despite debate next week March 27, 2019 The government has dismissed the possibility of revoking Article 50 – and thereby cancelling Brexit – despite a petition to do so amassing 5.85m signatures in the last week. The 'Revoke Article 50' petition quickly surpassed the 100,000 signatories needed to be considered for debate in parliament, and is now the best-supported proposal in the history [...]
Theresa May’s hated compromise is the only workable Brexit on offer March 15, 2019 “The deal we have negotiated is the best and indeed only deal available.” So claimed a dejected Theresa May on Tuesday night, smarting in the aftermath of the fourth biggest defeat for a sitting government in modern parliamentary history. Obviously, parliament does not agree. An overwhelming majority of MPs want May to go back to [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
Despite Brexit uncertainty, City links across the Irish Sea continue to flourish February 11, 2019 Amid the ongoing debate about the Irish border and the Brexit backstop, it would be easy to lose sight of the City’s flourishing links across the Irish Sea. Both Northern Ireland and the Republic of Ireland share a long history with the Square Mile. These ties have grown in recent years as the City Corporation [...]
Britain and India are moving towards a bright new future January 28, 2019 The UK’s position on the world stage is about to change forever, but it’s not because of Brexit. In fact, it’s due to a bigger macroeconomic and geopolitical shift: the march of a country that is likely to become one of the world’s future superpowers. A nation with a huge population, an outstanding growth rate, [...]
City of London Corporation warns against second Brexit vote January 10, 2019 City of London Corporation councillors have voted overwhelmingly against supporting a second referendum on Brexit, as the House of Commons wrangles over how to proceed in the likely event it votes against the Prime Minister’s deal next week. The court of common council, the Square Mile's historic legislative body, today debated a motion by councillor [...]