Executives of ‘ponzi scheme’ London Capital & Finance liable for damages December 16, 2024 Former executives of LCF are liable in the sum of £180m in damages to investors following a court ruling last month that called it a 'ponzi scheme'
London’s flexible office workers shift to four days a week December 16, 2024 Workers in London’s flexible office space have increased the number of days at their desk, despite sentiment that Londoners were unlikely to return to pre-covid working patterns. Three quarters of workers in flexible offices now use the working space at least four days a week, according to fresh data from Knight Frank. This comes amid [...]
Payments regulator in Treasury crosshairs as firms revolt December 16, 2024 As the government hunts for ways to make Britain more competitive, the country's payments regulator has become caught in the crosshairs.
Innovation, sustainability, trade: why London is the financial centre the world needs December 16, 2024 With global challenges mounting, London must prioritise innovation, sustainability, and trade to safeguard its future as the world’s leading financial centre — for the benefit of all, writes Chris Hayward. The financial services sector is at a crossroads. Emerging technologies are redefining how businesses and consumers interact, the drive toward net zero demands urgent action and [...]
If we “re-wire” the state, how much should government do? December 16, 2024 There is a consensus that the state must be more efficient, but less attention has been paid to how much it should actually do, says Eliot Wilson The government has been talking in revolutionary terms recently about how Britain is run. When he appointed Sir Chris Wormald as the new cabinet secretary, the Prime Minister [...]
Home secretary criticised for not saying when small boat crossings will fall December 15, 2024 The home secretary has been criticised for not saying when small boat crossings will fall. Yvette Cooper has insisted the government has a moral responsibility to tackle the crisis, but refused to say when the number of people arriving across the English Channel will decline. The Labour minister was criticised by her Tory opponent for [...]
Boohoo’s money troubles increase as bidder for London office walks away December 15, 2024 Boohoo has suffered another financial setback after an Israeli bidder pulled out of talks to buy its London office. The company was set to sell its Soho office for £60m to cover a looming debt repayment of £47m due in August 2025. The fast-fashion company bought the property for £72m in 2021. The news comes [...]
Spy-accused Chinese businessman ‘was invited to Buckingham Palace by duke’ December 14, 2024 The businessman accused of being a Chinese spy was invited to Buckingham Palace by the Duke of York, it has been reported. The man – who was banned from Britain by the Government on national security grounds – visited Buckingham Palace twice, and also entered St James’s Palace and Windsor Castle at the invitation of [...]
1 Undershaft: City approves Square Mile’s tallest tower December 13, 2024 The City of London has approved the planning application of 1 Undershaft, which upon completion, will be the tallest tower in the City while matching the Shard
UK economy ‘at risk of stagflation’ as growth stalls under Labour December 13, 2024 Latest official GDP figures show the UK economy has stopped expanding since Labour took power, creating a headache for Keir Starmer after putting growth at the centre of his government’s mission. The economy unexpectedly shrank by 0.1 per cent in October, according to new data from the Office for National Statistics. It missed economists’ expectations [...]