Robinhood pays $65m to settle SEC charges December 17, 2020 Stock trading app Robinhood has agreed to pay $65m in charges to settle claims it had misled customers about payments it received for handling their trades. Between 2015 and late 2018, Robinhood made “misleading statements and omissions in customer communications… about its largest revenue source when describing how it made money,” according to the Securities [...]
COVID and remote-work – is decentralisation the future? December 17, 2020 Vaccines for COVID-19 are here, but for many, remote working may be here to stay. The global pandemic has had an enormous impact on how most businesses operate. Organizations have shifted from office-based work and centralised operations to a remote and more agile way of working. One oft-quoted figure I saw early in the pandemic [...]
Tory mayoral candidate under fire for using fake City Hall logo on campaign leaflets December 16, 2020 The Conservative party’s candidate for London mayor has drawn sharp criticism for using fake City Hall coats of arms on campaign letters sent out to voters. The letters from Shaun Bailey were branded with messages saying “Do not ignore”, alongside fake City Hall insignia with a cod Latin motto underneath. They also warned Londoners their [...]
Sadiq Khan calls for additional £24m to house homeless Londoners December 16, 2020 The Mayor of London has called for £24m funding to house homeless Londoners as a matter of urgency as temperatures drop and Covid cases in the capital rise.
Greenwich council backs down in government row over school closures December 15, 2020 The leader of a London borough has said he has “no choice” but to reverse a decision to close schools following legal threats from the government. Greenwich council leader Danny Thorpe said he “cannot agree that this is the correct choice for our schools”, but added: “I cannot justify the use of public funds to [...]
Unemployment rate rises less than expected but redundancies hit record high December 15, 2020 The UK’s unemployment rate rose to 4.9 per cent in the three months to October, a lower increase than had been expected. The rate was up 0.1 per cent from the three months to September, when it stood at 4.8 per cent, new ONS figures showed. Economists polled by Reuters had expected the jobless rate [...]
Treasury urged to focus on job creation amid UK ‘unemployment crisis’ December 14, 2020 The government has been urged to take a more active approach to job creation and keep public spending high to avoid “sleepwalking into an unemployment crisis” next year. The House of Lords Economic Affairs Committee said the Treasury should move away from wage subsidies and instead fund jobs in places they are needed such as [...]
City of London cgarity raises £1.5 million for charities in pandemic year December 14, 2020 In 2020, the most challenging of years, The Lord Mayor’s Appeal has been committed to its vision to create ‘A Better City for All’. Its ambition is to help one million people thrive through the charities it is supporting, Place2Be, OnSide Youth Zones, Samaritans, and The Duke of Edinburgh’s Award, and through its impactful initiatives [...]
DEBATE: Should national exams in 2021 be cancelled? December 14, 2020 Emily Horton, fellow at Year Here and former journalist for The London Student, says YES If we want to avoid the further exacerbation of the already existing educational inequality gap, 2021’s GCSE and A-level exams should be cancelled. The pandemic has led to many of Britain’s poorest students missing out on as much as half [...]
Why it’s too soon to scrap the office December 14, 2020 The fraction of the UK workforce currently working from home stands at around a third — far above pre-pandemic level of just five per cent. Productivity seems to have remained largely stable since the great shift to remote work. And it has proved popular with many workers, who have seen immediate benefits such as greater [...]