Controversial Help to Buy policy to boost home ownership to end tomorrow March 30, 2023 A flagship policy to boost home ownership among young people will come to an end tomorrow. The Help to Buy Scheme, launched in 2013, will be wound up, after more than 350,000 people used it to buy their first home, with more than £2.2bn of support last year. But some property experts have warned the [...]
Ed Warner: Is China about to bring Russia and its athletes in from the sporting cold? March 30, 2023 The war in Ukraine doesn’t look like ending any time soon. Just as Russia is recalibrating its geopolitical and industrial relations, so the prospect of a conflict stretching years into the future will necessitate a realignment of its place in the sporting world. Asia’s warmth towards the Kremlin points a way back into the international [...]
The Square Mile and Me: 1 Lombard Street and Ekte boss Soren Jessen on his best City lunch March 30, 2023 Each week we ask the City great and the good for their Square Mile anecdotes. This week, it’s banker turned restaurateur Soren Jessen, the man behind 1 Lombard Street and Ekte How did you find yourself in the City? I came over from Denmark to work in the City first with Goldman Sachs for many [...]
The £100,000 childcare cut-off is hardly crime of the century, but it’s bad policy March 29, 2023 So here’s a column in defence of the one per cent, which at least is something you don’t see in any other rag, so let’s hope you enjoy the novelty. Worse, it’s arguing that those paid north of £100,000 are being hard done by. A challenging sell. But, but, but. It is increasingly this paper’s [...]
Premiership Rugby’s Newcastle Falcons deny plan of voluntary relegation March 29, 2023 Newcastle Falcons have denied suggestions that the club’s recent cost-cutting is paving the way to voluntarily drop out of the Premiership next year. City A.M. has learned of a growing belief in English rugby that the Tyneside team could be looking to ease their financial situation by joining the Championship as part of a wider [...]
Tax year end: Six ways to invest a £100,000 bonus March 28, 2023 Next week marks the end of the 2022/23 tax year, with midnight on 5 April the deadline for using available tax-free savings and investment allowances. Last December saw city workers awarded bumper bonuses and seven in ten City workers still expect their bonus to be as large as – if not ‘larger’ or ‘significantly larger’ [...]
Junior Isas and the £100k children’s savings club: As savings deadline approaches parents reminded to use their tax free allowance March 28, 2023 Around 40 children had Junior Isa pots worth £200,000 or more at the end of the 2020/21 tax year, according to HM Revenue and Customs (HMRC) figures. And around 500 had savings pots worth £100,000 or above, the figures indicate. The rounded figures were released after a freedom of information request made on behalf of [...]
Why the Bank of England and Fed could welcome Credit Suisse and Silicon Valley Bank failures March 28, 2023 There’s been reams and reams of wild predictions about whether we’re slipping into another financial crisis, triggered by the collapse of US tech lender Silicon Valley Bank (SVB) and Credit Suisse’s arranged marriage with its crosstown rival UBS. Blackrock chief Larry Fink even warned in his annual letter to shareholders we’re slipping into a slow [...]
Jeremy Hunt’s Parent Trap: Why young City parents are better off earning £99k than £135k March 27, 2023 Some 55,000 parents will miss out on Chancellor Jeremy Hunt’s expanded package of childcare support due to earning more than £100,000, new research out today shows. Number crunchers at the research firm the Centre for Economics and Business Research (CEBR) reckon 71 per cent more working parents over the next five years will be incentivised [...]
Grenfell Athletic: 95 per cent of our players have mental health issues March 27, 2023 “I had mental health problems before Grenfell, witnessing it was a disaster to my life,” says Joseph John, a Grenfell Tower survivor. “I went to the Grenfell Athletic training sessions and was greeted with love. I keep going every week. We won the league. We won the cup, and I have never looked back.” Almost [...]