UK economy: ‘No one has any clue what’s going to happen,’ says boss of Britain’s fastest-growing business August 23, 2024 The chief executive of Britain's fastest-growing company has warned that poor access to finance for small firms risks hamstringing the UK's economic growth, as business owners already struggle with "really high uncertainity in the world".
Taylor Swift’s Eras Tour boosts London amid calls for the icon to get Freedom of the City August 23, 2024 On Tuesday night, Taylor Swift played the final show of the European leg of her record-breaking Eras Tour at Wembley Stadium. The results are in: London saw a boost in consumer spending, city footfall and tube journeys during her stay in the capital, with one MP describing her tour as a “lifeline” to the UK [...]
Serious Fraud Office ‘should be replaced with a new body’, say IEA August 23, 2024 The UK anti-fraud agency should be replaced with a new body dedicated to combating economic crime, says a new paper by think tank IEA
City AM Dragon Award Categories August 21, 2024 Table of Contents The 2024 City AM Dragon Awards categories have been designed to offer opportunities for individuals as well as businesses of all sizes. Explore the categories below, and to submit a nomination simply follow the link next to each category and provide short yet detailed explanations for your nomination. Individual Awards Dragon Industry [...]
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Rents rise at slowest rate in nearly three years – but average hits £1,200 August 21, 2024 A rise in properties on the market means rents for new lets have grown by their slowest rate in nearly three years this year, and are expected to fall below wage growth for this first time since 2021, an analysis has revealed. Rents for new lets grew by 5.7 per cent in the 12 months [...]
Public wary of tax rises as economists warn on ‘disappointing’ fiscal progress August 21, 2024 Although the public are opposed to tax rises in general, there are a couple of taxes which could go up with popular support. Perhaps unsurprisingly, these are taxes which most people do not pay.
Labour shows its pro-business credentials with London City Airport expansion August 20, 2024 The popular business travel hub was given the green light to boost its annual passenger cap from 6.5m to 9m on Monday.
New York float worth £1.2bn involving Michael Klein abandoned August 20, 2024 The planned $1.6bn (£1.2bn) merger involving a Cheshire investment group founded by the brother of former Take That singer Jason Orange, that would see it float on the New York Stock Exchange, has collapsed. The deal between Corpacq, which was founded by Simon Orange, and Churchill Capital Corp VII, a special purpose investment vehicle set [...]
Blackbaud: CSR and ESG has evolved with focus on authentic impact August 20, 2024 City A.M. sat down with Andrew J. Troup, the director of corporate giving and engagement strategy at Blackbaud, to find out what he anticipates the future of social impact will look like.