UK firms bank on London’s status as top financial centre September 13, 2021 More than two thirds of the UK’s financial firms believe that London will retain its status as one of the world’s leading financial centres after Brexit. When Britain completed its exit from the EU in December last year, it divorced from its biggest single export customer, casting doubts over its status as a leading global [...]
Emma Raducanu: US Open win makes British teen a smash with sponsors : CityAM September 13, 2021 Emma Raducanu’s fairytale triumph at the US Open has not only made her the new darling of British tennis but also among the hottest properties in sport for sponsors. The 18-year-old from Bromley became the first Englishwoman to win a Grand Slam since Virginia Wade in 1977 when she beat fellow teenager Leylah Fernandez on [...]
FTSE 100 rebounds as easyJet nosedives September 13, 2021 London’s FTSE 100 index has climbed by 0.64 per cent today, up 45 points higher than the previous close at 7,074.07, after being boosted by financial stocks. Banking giants saw strong gains today with Lloyd’s Group up 2.6 per cent, Standard Chartered Bank lifted by 2.4 per cent and Barclays PLC climbing 2.2 per cent. Meanwhile, investment [...]
CBI warns of rising taxes and stagnant business investment under Boris Johnson September 13, 2021 One of the UK’s most influential business groups has cautioned Boris Johnson about recent tax rises, warning that he must concentrate more on stoking business investment post-Covid. CBI director-general Tony Danker will tomorrow tell the Alliance Manchester Business School that a “return to business as usual in our economic policy, at this unique moment in [...]
Liz Truss to speak to India commerce minister tomorrow about trade deal September 12, 2021 International trade secretary Liz Truss will meet her Indian counterpart tomorrow to outline the timetable for negotiations for a UK-India trade deal. Truss will meet with India’s minister for commerce and industry Piyush Goyal, after the consultation period for the UK-India deal finished on 31 August. The two sides are hoping to commence negotiations for [...]
Sir Keir Starmer to publish 14,000-word mission statement in leadership reset September 12, 2021 Sir Keir Starmer will publish a 14,000-word mission statement with the Fabian Society to signal a reset of his party leadership to Labour members. The essay, which has been confirmed by the historic Labour think tank, will come out just before the party’s conference at the end of this month and will attempt to silence [...]
Rishi Sunak hopes insurers could help fund social care costs September 11, 2021 Chancellor Rishi Sunak has told Treasury officials to start talks with the insurance industry over potential new products to help finance social care costs, a treasury source said, according to reports. The news follows plans set out earlier this week by the Prime Minister to raise taxes on workers, employers and some investors in an [...]
Not for turning: Boris Johnson looking ‘to beat Thatcher’s 11 years in office’ September 11, 2021 Boris Johnson is hoping to be Prime Minister for another decade as he aims to outlast Baroness Margaret Thatcher’s 11-year tenure in No 10, according to various reports this weekend. The Times said Johnson wanted to build a legacy, with a view that reforms to the NHS and social care – through a rise in [...]
Self-isolation nation: Recovery sluggish as GDP climbs 0.1 per cent in July September 10, 2021 The UK economy grew just 0.1 per cent in July as the post-Covid recovery continued to slow. New official figures released this morning showed a significant fall from June’s one per cent growth, with the economy still 2.1 per cent below its pre-pandemic peak in February 2020. Chancellor of the Exchequer, Rishi Sunak remained positive [...]
Support for Conservative party lags behind Labour days after NI tax hike September 10, 2021 Support for prime minister Boris Johnson’s Conservative party has slumped to its lowest level since 2019’s election, according to a new YouGov poll. The poll, first shared with the Times, showed that support for the Conservatives has dipped to 33 per cent, while Labour’s support has climbed to 35 per cent. While it is just [...]