Blame the bank: How finance caused today’s housing crisis October 18, 2018 Home ownership is increasingly out of the reach of younger adults in the UK. The share of those aged 25-34 who own their home fell from 55 per cent in 1997 to 35 per cent in 2017, according the Institute of Fiscal Studies. A decade of stagnant wage growth means that the gradual house price [...]
Our CANZUK friends should be welcome in post-Brexit Britain | City A.M. October 18, 2018 The flags around Parliament Square are up, the hotels, bars, restaurants, and meeting rooms of the City are fully booked, as the heads of 53 Commonwealth governments fly into town. But while we’re rolling out the red carpet for visiting dignitaries, there’s a chillier welcome to their citizens. Britain has never quite found its role [...]
Growing the UK games industry’s success shouldn’t be taxing October 18, 2018 The video games industry is one of the UK’s great success stories. Last week’s report by the British Film Institute (BFI) showed that the sector is thriving, describing it as a “significant entertainment industry”, which has produced a “wide array of globally successful and culturally impactful entertainment products”. At The Independent Games Developers' Association (TIGA), [...]
Digital banking challenger Monese launches business accounts October 18, 2018 Digital banking app Monese will today announce its expansion into the world of business banking, as it launches accounts for young companies and entrepreneurs across the UK and Europe. The accounts will be released to UK-registered businesses first, available in 11 languages in a bid to tap the UK's growing multicultural industry base. The firm told City [...]
US Grand Prix preview: Relaxed Lewis Hamilton stands on the brink of fifth Formula One world title October 17, 2018 Lewis Hamilton’s first Formula One world title, in 2008, was sealed in the most dramatic of circumstances. Needing to finish fifth or higher to become the youngest ever champion, the 23-year-old looked to have fallen foul of the Brazilian weather. Showers at Interlagos meant a tactical battle and a lottery between wet and dry tyres. [...]
The top table: Bankers and hedgies battle it out for charity ping pong title October 17, 2018 Ping pong enthusiasts with a competitive spirit may like to get involved with a new City A.M.-backed initiative helping young Londoners from disadvantaged backgrounds. Teams from financial powerhouses such as BNP Paribas and Man Group launched a table tennis championship towards the end of last week at the Greenhouse Centre close to Marylebone station. Players [...]
How would you like to pay for that, madam? October 17, 2018 The global payments industry is dramatically improving due to technology. Mobile has changed everything. Payments are getting faster and smarter. Competition is intense. And payments are revolutionsing markets in the developing world even faster than in the developed world. In just the next seven years, the McKinsey Global Institute estimates that widespread adoption and use [...]
Why city parents are sending their children to boarding schools outside the M25 October 17, 2018 Every Sunday evening, there is a quiet exodus of teenagers from capital to countryside. Fleets of shiny, branded minibuses collect their young passengers from affluent London suburbs and whisk them through the darkness to the green and pleasant lands beyond the M25. Boarding school will be their home – until Friday night or Saturday afternoon [...]
Barbie on a bull run: Resurgent sales in the All-American figurine have proved a saving grace for toy making giant Mattel October 16, 2018 When it happened three years ago, it may have passed you by: after all, Donald Trump had just announced he was running for President, and the EU referendum campaign was getting under way. So you’d be forgiven for not noticing, in 2015, that Barbie dolls had just been given adjustable ankles. And yet the fact [...]
Trevor Steven: England’s win in Spain was better than 5-1 in Germany or anything at the 2018 World Cup October 16, 2018 It’s difficult to recall a game in which England have played better than they did in Monday’s hugely encouraging 3-2 defeat of Spain in the Nations League. The 5-1 win over Germany in Munich back in 2001 is one that springs to mind, but that England team was much more experienced than the one that [...]