Sadiq Khan will need to be radical in his thinking to solve London housing crisis May 12, 2016 The election of Sadiq Khan as London's new mayor neatly demonstrates what makes London a great city. Through his victory, Khan highlights that London is a city of opportunity where success is not dependent on a privileged upbringing. However, the attraction of London – thanks to its thriving economy and its ability to attract talent – [...]
All that food Instagraming means millennials face higher inflation than anyone else May 9, 2016 It looks like their obsession with Instagram-friendly "experiences" is coming back to bite Millennials – after new research suggested they're facing the highest level of inflation of any generation around today. The research, by Fidelity International, suggested Millennials (which the research defines as those under 30) were faced with the price rises of 0.9 per cent in the year to March, thanks to [...]
Sadiq Khan vows to make London better as he’s sworn in as mayor May 7, 2016 Sadiq Khan sworn vowed to make London better as he was sworn in as the new mayor of London at Southwark Cathedral. He stormed to victory yesterday with the biggest ever mandate from the electorate, ending eight years of Conservative control at City Hall. "I'm determined to lead the most transparent, engaged and accessible administration London [...]
Sadiq Khan: I will unite London and be the most pro-business mayor yet May 5, 2016 Millions of Londoners will have the opportunity today to vote for a new mayor. And when it comes to business and the financial sector, this election matters. London is an established global leader in business services and international finance. We are also a growing force in newer industries such as tech, low carbon and life [...]
Failure to tackle the scourge of rising rents will undermine London’s startup renaissance May 3, 2016 Wikipedia founder Jimmy Wales once said that “in the US, Washington is politics, LA is Hollywood, San Francisco is tech, New York is advertising and finance, but London is all of those things.” If anything, he is selling our city short; throw in the culture of the city that shaped creative geniuses such as Charles [...]
Why I’ll be voting to leave the costly, dysfunctional and bureaucratic EU April 28, 2016 Let me start with an admission. I love Europe. I love its food, culture and heritage. It is a continent I love to visit and do business with. But Europe is being torn apart by the European Union. Its two big political projects are in crisis. The euro has left national governments with huge debts and [...]
EU referendum: Seven Brexit myths debunked by economists at Berenberg April 22, 2016 With so many unknowns going into the EU referendum, there have been plenty of claims and counter-claims being made about the impact leaving the union could have on the UK. But economists at Berenberg claim the debate has been "shrouded in myths, rather than driven by facts or reasonable arguments". Now the team is embarking on a [...]
Confront women with the true horror of the old age poverty they face to tackle our pensions saving crisis April 22, 2016 Women are facing poverty in retirement as they cut back on pension contributions to fund childcare. A report released by The Fawcett Society, which campaigns for women’s rights, found many women are funding childcare out of their own pay packets (not their partners’) – which means stopping pension contributions. It partly responsible for a doubling of [...]
Unemployment numbers up and wage growth down: Why the UK labour market has started to stutter April 20, 2016 Jobs and wages figures released today raised questions over whether the UK economy could be losing steam. Analysts were quick to point to a host of factors that could be at play, as well as what the numbers mean for everything from interest rates to Brexit. The figures The headline unemployment rate came in unchanged [...]
UK banks have yet to address the elephant in the room: Their current business model is unsustainable April 14, 2016 It was another tough year for UK banks in 2015, and the challenges look set to continue. Our high-street banks are at a vital juncture: they’ve survived the crisis and are now preparing for one of the biggest overhauls of UK banking we have ever known with the introduction of ring fencing. KPMG analysis out today [...]