Britain’s prosperous future depends on attracting talent on and off our shores January 12, 2022 I have spent my life as a first-generation immigrant building businesses in the UK. For my entire career I have been an internationalist in favour of membership of the EU. I even got elected as a LibDem MEP for London in 2019, on a second referendum agenda. I was a gold card-carrying Remainer. But I [...]
Treasury considers cutting green levy to ease cost-of-living crisis for UK households January 11, 2022 The Treasury is mulling over cuts to green levies with UK households facing increased energy bills later this year amid a cost-of-living crisis.
CEOs zoom in on ESG and climate change as world enters third pandemic year January 11, 2022 Climate risks dominate global concerns as the world enters the third year of the pandemic, according to a new World Economic Forum report shared with City A.M. today. The Global Risks Report 2022 sets out that while the top long-term risks relate to climate, the top shorter-term global concerns include societal divides, livelihood crises and [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 11, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Moorhouse Management consultancy Moorhouse has appointed a new managing partner, who will focus on supporting the growth of its portfolio, which includes the Health, Financial Services, Energy and Life Science industries. Richard Brackstone, who had previously spent [...]
Number 10 calls for ‘restraint’ on MPs pay rise in face of planned £2,000 increase January 10, 2022 Downing Street has today called on parliament’s standards body to “show restraint” and not give MPs a large pay rise in April given the current cost of living crunch faced by families. The Independent Parliamentary Standards Authority (IPSA) is set to increase MPs’ pay by £2,000 on 1 April in line with public sector pay [...]
Four-day week at Atom Bank leads to 500 per cent surge in job applicants who want 34 hours a week with no pay cut January 10, 2022 Atom Bank’s four-day working week has led to a 500 per cent surge in job applications and boosted staff morale, its boss has said, stressing he is “utterly committed” to the new set up. The UK’s first app-based bank saw the jump in people applying for job vacancies in one week, shortly after it announced [...]
Daily Mail owner goes private following Rothermere’s triumphant push January 10, 2022 Daily Mail and General Trust (DMGT) has officially delisted and cancelled trading from the London Stock Exchange, following a successful swoop by the Rothermere family.
Restaurant groups suffer £673m in losses as bosses call for tax relief January 10, 2022 The country’s top restaurant groups saw losses skyrocket in a year, hitting £673m, as bosses have called for more cash to help ailing venues. The top 100 groups saw losses increase 174 per cent in the year to the end of September 2021, according to an analysis of company accounts by accountancy firm UHY Hacker [...]
Cladding campaigners call for financial aid to cover remediation of other fire hazards January 9, 2022 Cladding campaigners have called on ministers to do more to help leaseholders of unsafe buildings facing “ruinous debts”. Housing minister Michael Gove is expected to announce tomorrow that leaseholders in buildings between 11 and 18.5m in height will no longer be forced to take out personal loans to cover the cost of removing dangerous cladding. [...]
David Frost tells PM to adopt more conservative policies or risk losing election January 9, 2022 Boris Johnson must adopt a low-tax agenda or risk losing the next election, according to former cabinet minister Lord David Frost. Frost, who resigned from his role as a Cabinet Office minister last month, said that Johnson needs to “get the country going economically again” post-Brexit and “that means free markets, free debate and low [...]