Gracechurch developer bangs drum for a city with a ‘bright future’ January 7, 2020 As an overseas investor in the City of London, the election of the new Conservative majority government and the message it sends to people like me who are keen to invest in the UK economy is welcome. After three and half years of political turmoil, the UK can finally move forward as a country and [...]
Exclusive: City of London councillors call for associate guild to admit female members January 7, 2020 One of the City’s ancient trade guilds that does not accept female members is “tainting” the City of London, according to a group of councillors. The City of London Corporation has 110 associated Livery companies, which were traditionally trade associations and guilds for different crafts. Read more: Exclusive: City of London mulls over historic Lord Mayor selection reform The groups [...]
Government to review rollout of controversial IR35 tax reforms January 7, 2020 The government said today it will review the rollout of controversial tax plan IR35 which is due to take effect in April 2020. IR35, which aims to prevent workers from disguising themselves as freelance contractors as a way to pay less tax, is being extended in April. Under the changes private sector employers will be [...]
UBS to cut 500 jobs as firm begins wealth unit revamp January 7, 2020 UBS will cut up to 500 jobs at its wealth management business as division co-head Iqbal Khan looks to tackle flagging profit at the bank. The cuts, which amount to roughly two per cent of the division’s workforce, will get rid of three layers of management and split the firm’s Europe, Middle East and Africa [...]
What do the financial markets hold in store for 2020? January 7, 2020 After the festive break, everyone in the City is slowly settling back into work. The opening week of 2020 has been hectic already, with oil and gold prices rising and stocks falling in reaction to tension in the Middle East. But what else are the financial experts and asset managers keeping an eye on for [...]
Why meditation is the secret to being more productive in 2020 January 7, 2020 Everyone wants to be more productive. In fact, so eager have we become to get the most juice out of our work that we’ve spawned an entire productivity industry, filled by people promising to maximise our efficiency and get us more bang for our buck. But what we often find is that after only a [...]
Financial sector contributed record level of UK tax in 2019 January 7, 2020 Britain’s financial services sector contributed a record £75.5bn in tax in 2019, according to a new report on behalf of the City of London Corporation, amounting to 10.5 per cent of all government tax receipts. The report, carried out by accounting giant PwC and released today, highlighted the value of financial services to the UK [...]
Prince Charles to call on business leaders to spearhead push for climate solutions January 6, 2020 Prince Charles will make a keynote speech at this year’s World Economic Forum meeting in which he will call on leading international figures to lead the transition to a sustainable economy. The Prince of Wales will use his speech to officially launch his Sustainable Markets Council. Read more: Mark Carney warns financial sector over climate [...]
‘Don’t be evil’: Google abandoned motto and lost its way, says former exec January 6, 2020 Google’s former head of international relations has hit out at the company’s human rights record and corporate culture in a blog post detailing why he left the tech giant. Ross LaJeunesse, who left Google in May last year after 11 years at the firm, claimed that “standing up for for women, for the LGBTQ community, [...]
L’Oreal set to be White City highlight after London move January 6, 2020 Hair and beauty behemoth L’Oreal will move its 1,000 London staff into a mammoth new base in White City, near the former BBC headquarters. The French firm, whose UK employees work out of Hammersmith, will move into a new building at the White City Place development in autumn 2023, when its current lease runs out. [...]