Sunak claim that Cameron and Greensill got no special treatment branded as ‘not credible’ May 27, 2021 Rishi Sunak has said Greensill Capital and David Cameron were not given preferential treatment by government – a claim blasted as “not credible” by the chair of a prominent Westminster committee. Sunak told MPs on the Treasury Select Committee that Greensill Capital’s failed bid for a large government loan “did not occupy a huge amount [...]
TfL pledges to make London world’s ‘most walkable city’, which could aid SMEs May 27, 2021 TfL has pledged today to make London the world’s ‘most walkable city’ and will programme 18 pedestrian crossings to show green walking signal until traffic approaches. The programmed crossings are set to prioritise people walking and will be installed by the end of next month. Six crossings have already been programmed in Tower Hamlets, Newham, Hounslow, [...]
City Corporation calls for support for India coronavirus appeal May 27, 2021 The City of London Corporation has made a £25,000 donation to efforts to tackle the coronavirus emergency in India – and is calling for others to also show their support. The Square Mile’s governing body has donated to the Disasters Emergency Committee’s coronavirus appeal, which is providing medical supplies, treatment facilities and logistics support in [...]
UK says any global tax deal must tackle Big Tech ahead of G7 meeting May 27, 2021 UK says any global tax deal must tackle Big Tech ahead of G7 meeting
Views sought on green blueprint for City’s ‘hidden natural world’ May 27, 2021 People are being asked to have their say on a five-year blueprint for improving the biodiversity of the City of London. The City of London Corporation is consulting on its draft Biodiversity Action Plan, aimed at making the Square Mile more attractive to birds, mammals, insects and invertebrates. The plan includes measures to improve the [...]
Audit watchdog admits it was not up to the job amid major company collapse May 27, 2021 The boss of the Financial Reporting Council (FRC) has admitted the audit regulator was asleep at the wheel following large scale business collapses that shook confidence in the sector. Sir Jon Thompson, chief executive of the FRC, said he agreed with criticism of the regulator following the collapse of Carillion and Patisserie Valerie. Speaking to [...]
Covid: London SMEs lost around £100,000 more than businesses elsewhere in the UK May 27, 2021 It is safe to say that UK SMEs have taken a large blow to finances since the Covid-19 pandemic closed shop doors, with 82 per cent feeling the tightening purse strings, according to freelance platform Fiverr. On average, UK SMEs have lost just under £192,000 in revenue in the last 12 months – while just [...]
Exclusive: Three-quarters of London firms set for office return by September May 26, 2021 Almost three-quarters of London businesses are planning a return to the office by September, a new survey by Addison Lee has revealed. Of the 142 firms asked by the taxi firm, 74 per cent said that they would be making a return to their workplace over the coming months. And more than half of these [...]
FTSE 100 slides despite strong earnings but Wall Street picks up May 26, 2021 The FTSE 100 slipped today despite a strong set of corporate earnings on a slow day for Europe’s markets. Across the Atlantic, however, Wall Street showed signs of gains after another positive start for tech stocks. London’s blue-chip index fell 0.1 per cent over the course of the day, a second straight session of losses [...]
City Corporation extends support for Square Mile SMEs May 26, 2021 The City of London Corporation has today (26 May) announced it is extending the deadline for submissions to its Covid Business Recovery Fund to 30 June 2021. Eligibility has also been expanded to businesses with a trading premise, or a signed lease for a premise, in the City of London on or before 5 November [...]