Business groups question Bank of England Mann’s ‘greedflation’ claim March 8, 2023 Business groups yesterday said many firms had no choice but to raise prices to offset high costs in response to a Bank of England rate setter claiming companies are pursuing so-called ‘greedflation’ by pumping up prices to exploit strong consumer spending. Catherine Mann, an external member of the Bank’s rate setting monetary policy committee (MPC), [...]
Premier League reveals stance on scrapping Saturday 3pm blackout March 2, 2023 The Premier League has ruled out supporting the abolition of the Saturday 3pm blackout which restricts when live football can be televised in the UK. The English Football League (EFL) has floated scrapping the ban and broadcasters have said they would consider it but Premier League chief executive Richard Masters insisted they had no intention [...]
BT and Openreach’s iron grip on the telecoms monopoly has left the UK disconnected February 14, 2023 A lack of competition in the telecoms industry has left us one of the worst connected countries in Europe. We need better connectivity, and we need it now, writes Tim Creswick
£320,000 for ‘I’m A Celeb’ and £48,000 for pandemic books: Matt Hancock’s pay-days outside of Westminster revealed January 27, 2023 Matt Hancock was paid £320,000 for his controversial appearance on I’m A Celebrity… Get Me Out Of Here!, it has been revealed. The former health secretary’s fee was listed on the MP’s register of financial interests. Hancock had the Conservative Party whip suspended for taking time off to appear on the ITV reality show. He [...]
Ofcom investigating BT for failure to provide customers with ‘clear and simple’ contracts January 23, 2023 The telecoms regulator Ofcom has opened an investigation into BT over its compliance with an obligation to provide customers with clear and simple contract information before they sign up to a new deal, the regulator has announced. Telecoms providers have been required to give customers contract information and a short – usually one-page – summary [...]
Tech bosses behind bars? The chances are vanishingly slim under new online safety laws January 19, 2023 The online safety bill has been revisited, again. Despite the new amendments, it's still a problematic piece of legislation, writes Julian Hayes
Mark Kleinman: My bold predictions for 2023 in the City – from Natwest to Spurs January 11, 2023 After the political and economic events of 2022, the idea of being able to predict anything with confidence seems even more outlandish than usual. Nevertheless, with the UK economy precariously balanced less than two years before a general election, these seem – in early January – to be sensible bets for UK plc in 2023. [...]
Exclusive: Surge in fraud and scams sends shivers through the City’s financial services space January 11, 2023 Close to half of Londoners believe the financial services industry is more vulnerable to fraud and scams than ever before. And for good reason. In fact, with fraud costing the UK £9.3bn a year, identity theft leaping 11 per cent to an all-time high in 2021 and, for the year ending September 2021, overall fraud was [...]
Going underground: Tube set for more 4G connectivity in central London January 3, 2023 Commuters will soon no longer have to rely on intermittent tube station wifi to read CityAM.com – with 4G connectivity coming to a host of new stations. According to Transport for London, final 4G testing is underway at Camden Town, Oxford Circus and Tottenham Court Road. If successful it will mean 4G is available at [...]
Laws, funds and CEOs: UK tech to see big changes in 2023 December 22, 2022 In 2023, London’s tech sector will see some big changes. From change in Vodafone leadership to the Online Safety Bill, here is a look ahead to the five big City stories to watch out for. Online Safety Bill As part of a move to a safer internet, the UK government is pressing for a comprehensive [...]