The City View: Sir Martin Sorrell on why Boris is in trouble if unemployment bounces July 3, 2020 In today’s episode of The City View, advertising giant Sir Martin Sorrell talks to City A.M.’s Andy Silvester about the economic recovery, leading a company through these difficult times and the acceleration of the shift to digital. He also offers his views on the response of firms to increased awareness of racial inequality, the US [...]
Young people face economic ‘scarring’ from Covid, says top think tank July 3, 2020 The coronavirus recession has dealt a double blow to young people in the UK, who are more likely to have lost their jobs amid the lockdown and now face bleak career prospects, a leading think tank has warned. New research from the Institute for Fiscal Studies (IFS) today said the carnage in the hospitality and [...]
Ghislaine Maxwell charged in sex-trafficking probe following arrest by FBI July 2, 2020 Ghislaine Maxwell, the former girlfriend and confidante of disgraced financier Jeffrey Epstein, has been arrested by the FBI and charged with playing a role in the “sexual exploitation and abuse of multiple minor girls,” according to a court filing. The British socialite and heiress was arrested by the FBI in New Hampshire at 8.30am this [...]
Eurozone unemployment rate rises less than expected in May July 2, 2020 The unemployment rate in the eurozone rose less than expected in May, indicating that government measures to protect jobs within the bloc have been successful. While the eurozone’s unemployment rate hit a four-month high of 7.4 per cent, new data from Eurostat showed, economists had expected the rate to rise to 7.7 per cent. Read [...]
Hospitality venues raise the bar as pubs’ re-opening app-roaches July 1, 2020 ‘Two pints of lager and a packet of crisps’: no longer (for the time being, at least) a request delivered while waiting at the bar. Instead, a request delivered electronically by smartphone app from a safe, social distance. Technology’s reach knows no bounds as Britain’s public houses – stereotypically bastions of resistance to digital accoutrements [...]
Bulb bolsters senior team as energy firm targets 100m customers worldwide July 1, 2020 Bulb has made the latest in a string of senior appointments as the challenger energy company ramps up its bid to expand to 100m customers worldwide over the next decade. The company, which has been the fastest growing firm in Britain for the last two years, has brought in Easyjet chief marketing officer Lis Blair [...]
We should mourn the immeasurable social and economic damage lockdown has inflicted on this country July 1, 2020 I knew it was coming. The torrent of media coverage looking back on 100 days of lockdown like a grossly nostalgic showreel. Carefully crafted articles painting a picture of British resilience and togetherness, celebrating the nation’s bravery and enjoyment of the simple things. I regret to inform you that I will not be spending my [...]
Boris Johnson’s New Deal: PM invokes Roosevelt in ‘radical’ infrastructure overhaul June 30, 2020 Boris Johnson has today set out plans to overhaul the UK’s planning system, to make building new homes easier, in order to fix what he termed “intergenerational injustices” in access to property. The overhaul will allow developers to change the use of buildings and land in town centres without planning permission, meaning that vacant buildings [...]
UK economic outlook less grim but ‘considerable’ risks remain, says BoE’s Haldane June 30, 2020 The UK’s economic outlook has improved slightly since May but the risk of high and persistent unemployment remains, the Bank of England’s chief economist Andy Haldane said today. “Looking ahead, risks to the economy remain considerable and two-sided,” Haldane said in a speech delivered online. “Although these risks are in my view slightly more evenly [...]
Future of Finance: Community-Centric Wealth Management For All June 30, 2020 Growing up in the 80’s Anthony and I were dreamers of unicorns, cyborgs and other magical creatures. As young adults working in the financial industry, we were told to stop dreaming and to just execute. But how can you innovate if you are not allowed to think outside the box? After a decade of learning [...]