Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Clyde & Co set to merge with insurance specialist BLM March 18, 2022 London law firm Clyde & Co is in advanced negotiations to merge with insurance specialist BLM, the two law firms have said. A spokesperson for BLM confirmed to City A.M. that the law firm is in advanced talks for a merger with Clyde & Co, as she said the firm will be holding a partner [...]
Johnson and Sunak announce as large a tax hike in two years as Blair and Brown did in a decade March 17, 2022 In just two years, Prime Minister Boris Johnson and Chancellor Rishi Sunak have announced the same amount of tax hikes as Tony Blair and Gordon Brown did in a decade, reveals fresh research published today. The Conservative duo will swell the UK’s tax burden by around two per cent of GDP after national insurance and [...]
Loosened pension rules could unleash £5bn tech and science investment March 17, 2022 Government plans to loosen pension investment rules could unleash a wave of funding into the UK’s tech and life science sectors, according to new research.
Crypto investors should be prepared to lose their money, say EU regulators March 17, 2022 Investors risk losing all the money they invest in speculative crypto assets and should be wary of scams EU regulators warned in a joint statement.
Rampant inflation to push tax bills £12bn above forecasts March 16, 2022 Rampant inflation is set to deliver an even harsher hit to households’ tax bills than first thought, reveals fresh analysis released today. A higher cost of living will result in a £12.5bn larger tax hike, piling more pressure on Brits’ already stretched finances, according to the Institute for Fiscal Studies (IFS). Chancellor Rishi Sunak’s decision [...]
Lloyds of London hands out biggest fine ever following years’ long bullying campaign March 16, 2022 City of London insurance market Lloyds of London today issued its largest fine ever against syndicate member Atrium, after the underwriting firm failed to “adequately protect” a junior employee once it became aware of a “systematic campaign of bullying”. In a notice, Lloyds of London said it had fined Atrium Underwriting a record £1.05m for [...]
Privacy watchdog fines firms for targeting vulnerable and elderly with ‘predatory’ marketing calls March 16, 2022 The UK's privacy watchdog has fined five companies over £400k after they deliberately targeted the elderly with "predatory" and "coercive" marketing calls in order to sell them unnecessary insurance.
Putin’s plane heist signals dark days ahead for Russia’s people March 15, 2022 Amongst the humanitarian carnage unleashed on Ukraine by Kremlin tyrant Vladimir Putin, what interest should there be in a bunch of expropriated planes? That more than five hundred airlines, owned by leasing companies predominantly based in Ireland, could soon become the (stolen) property of the Russian state is hardly the most pressing issue. But what [...]
Over 100k Brits sign up for Home for Ukraine scheme as refugee crisis continues March 15, 2022 Over 100,000 people have signed up to the government’s Home for Ukraine site, as the UK strengthens its refugee policy for Ukrainians entering the UK. Housing and Communities Secretary Michael Gove said that the UK had a history of “supporting the most vulnerable during their darkest hours”, adding there would be no limit to how [...]