Let’s face it: Profiteering is feeding the inflation beast, not just pay rises April 4, 2023 Inflation is a pernicious beast that is plainly bad for people and businesses. It can ease governments’ debt burdens by (artificially) boosting tax revenues, but that can lead to severe bouts of price rises that, often, lead to societal decay. So it’s easy to see why policymakers in the UK are sweating over the rate [...]
Heartfelt tributes paid to ‘Tory giant’ ex Chancellor Nigel Lawson who dies aged 91 April 3, 2023 The former Chancellor Nigel Lawson, who oversaw the City’s mid-eighties Big Bang, has passed away at 91. Prime Minister Rishi Sunak led tributes to the party grandee and leading Brexiteer as an “inspiration” while Boris Johnson marked him as a “giant” of Tory politics. Prior to entering politics Lawson was the City editor of the [...]
Green Day’s Good News: Here are the winners in the energy sector April 3, 2023 Green Day is over - with much of the energy industry disappointed. But there were some winners which City A.M. highlights.
Amazon: More than 500 workers to walk out mid April in pay dispute March 31, 2023 Amazon workers are to stage fresh strikes in an escalation of a dispute over pay. The GMB union said more than 500 of its members at the online giant’s site in Coventry will walk out for three days from April 16 and again from April 21-23. The six days of action follow a series of [...]
Succession – planning that is – and why you don’t need to be as rich as Logan Roy to secure your family’s financial future March 31, 2023 Rivalry and revenge are rife within the Roy family – the dysfunctional clan that returned to screens this week in the Sky series‘Succession’. Camilla Stowell, head of private and commercial clients at Coutts said: “The drama uncovers how emotional conversations about intergenerational wealth and succession planning can be. “However, in reality the process can be [...]
Four ex bankers convicted over accounts with Putin-linked man who’s ‘part of system that managed his offshore wealth’ March 30, 2023 Four former bankers with the Swiss affiliate of a key Russian bank have been found guilty of failing to properly check accounts opened in the name of a Russian cellist with long-time ties to President Vladimir Putin. The defendants were handed suspended sentences in Zurich district court that, if violated, could lead collectively to hundreds [...]
Jimmy McLoughlin’s Notebook: Mentoring, Moore’s law and a south London butcher March 30, 2023 Over the past 20 years, the world of mentoring has undergone a significant transformation, particularly in the City and financial services. One major and under-appreciated factor in this transformation is the rise of social media, which has partly made it easier for aspiring mentees to approach potential mentors. But for the most successful people, there [...]
In defence of capitalism: Does money corrupt politics? March 29, 2023 In the fifth of an eight-part series, Dr Rainer Zitelmann – the author of the new book In Defence of Capitalism – argues that free markets, capitalism and money make for fairer elections and freer democracies, not the other way round The American intellectual Noam Chomsky, one of the most popular critics of capitalism, writes [...]
Premier League chief denies trying to kick football regulator into the long grass March 28, 2023 Premier League chief executive Richard Masters has rebuffed suggestions that the organisation tried to “kick into the long grass” talks over an independent football regulator. Masters was persistently questioned on the point by MPs at a Digital, Culture, Media and Sport Committee hearing on Tuesday. After denying that the expression had been used by anyone [...]
Football regulator: Tracey Crouch MP criticises Premier League’s lack of support March 28, 2023 The Premier League has been criticised for a lack of support for an independent football regulator by Tracey Crouch MP. The former sports minister and author of the fan-led review into English football governance made the comments at a Digital, Culture, Media and Sport committee hearing today. Crouch praised the Football Association and English Football [...]