Editor’s diary: Threats to the City’s dominance come from home and abroad October 21, 2016 This week one of our front page stories caused quite a stir in parliament. Wednesday's paper reported on the growing levels of unease in the City regarding the way in which some people in government view financial services and its place in upcoming Brexit negotiations. We quoted a number of senior sources, all of whom [...]
The new centre ground: The full text of Theresa May’s Conservative Party conference speech October 5, 2016 In the speech which closed the Conservative Party conference, Theresa May spoke of a country in transition, and new opportunities. The full 7,600 words is below – although if you'd rather a cut-down version, her best quotes are here – or you can read how businesses reacted. The new centre ground: May's speech in full When [...]
London’s insurance industry will thrive globally post-Brexit with the right competitive boost September 13, 2016 Rebalancing the economy away from financial services and our capital city has been the preoccupation of successive governments since 2008’s financial crisis. The sheer size of the banking sector, so the thinking went, alongside the absence of any second, truly global city beyond London, had made the UK too reliant upon the dominant industry of our [...]
London commuters face transport delays due to 24-hour bus strike September 12, 2016 Commuters in London are facing delays today due to a 24-hour bus strike. Workers from Tower Transit, which operates around five per cent of London bus routes, began their strike at 00:01, and the industrial action is set to continue until 23:59. The staff are members of the Unite union, and previously led industrial action [...]
London will remain a world-leading city because of its world-beating talent September 12, 2016 When people think of London, our city’s iconic buildings, red buses, black taxis, and vibrant cultural scene often come to mind. But the capital offers so much more than that, with PwC finding in a recent report that London, for the second year in a row, is the world’s number one place for companies to do [...]
London jobs market falters as UK returns to pre-referendum patterns September 7, 2016 The London jobs market is still suffering in the wake of the UK's vote to leave the European Union, despite employment growing across the rest of the country, a new survey has revealed. The monthly jobs monitor from the Recruitment and Employment Confederation (REC), out today, showed appointments of permanent staff in August dropped for [...]
Power to the people: commuters club together to raise funds for judicial review into Southern Rail network September 5, 2016 Frustrated commuters have clubbed together to fund a judicial review into the Department for Transport’s (DfT) handling of the chaotic Southern Rail franchise. The Association of British Commuters announced this morning that it would be teaming up with lawyers to launch the process and urged angry commuters to contribute by submitting their tales of woe. Read more: [...]
One-quarter of office space in the City and Canary Wharf could become vacant if UK leaves Single Market July 17, 2016 Swathes of offices across London could be deserted over the next few years if the UK does not secure access to the Single Market after it leaves the European Union, according to new research. DealX, an analytics company, estimated 26m square feet of commercial real estate, equivalent to nine per cent of all office space [...]
Here’s how UK fintech’s rallying action in a post-Brexit no-man’s land July 10, 2016 London's fintech industry is rallying to action after the vote for Brexit in a bid to alleviate the fears of startups, along with their investors and supporters, over issues such as capital, market access and talent. The industry is already formulating a plan in the face of overwhelming uncertainty and a lack of clarification from political leaders on [...]
Tens of thousands march in London to protest the Brexit vote July 2, 2016 Tens of thousands of people are marching in London today to protest the UK's democratic decision to leave the European Union. Protesters taking part in #marchforeurope are heading to Parliament holding banners saying slogans such as "I am really quite cross", "Shame on liars, xenophobes, Farage Johnson Gove" and "2nd Referendum". There will be speakers at Parliament Square from [...]