City Moves: Who’s switching jobs in the Square Mile today? October 29, 2021 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. GCA Altium Global investment bank GCA Altium has bolstered its London team with the appointment of a consumer mergers and acquisitions (M&A) expert as its new director. Joining the helm, Tom Barnard is set to work directly with managing director and [...]
Exclusive: ‘London needs to take a leaf out of Dorset’s book,’ argues veteran City lawyer October 28, 2021 As restrictions have eased, office doors reopened and professionals flock back into the City, life is once again teeming in London. However, as living priorities and sustainability targets have evolved post-pandemic, London must ensure that it remains attractive, liveable and sustainable in the long-run. A formula that has proven to create eco-friendly and community-focused residential [...]
Budget 2021: Sunak puts low tax conservatism to the sword October 28, 2021 Chancellor Rishi Sunak will heap extra financial pain on households across the UK as he puts low tax conservatism to the sword. Sunak’s wave of spending will lay the groundwork for a permanently more punitive tax regime that will intensify the cost living crisis, leaving Brits “worse off in the short term”, the Institute for [...]
Budget: Millions of Brits to face ‘real pain’ as rising cost of living and taxes will bite October 28, 2021 Rising costs and tax increases will leave tens of millions of Brits worse off, economists said today. Their warning comes as experts are ploughing through yesterday’s Budget. Rishi Sunak had claimed his Budget is a strategy to “usher in a new age of optimism”, but a leading economic think tank warned the public “may not [...]
Cream Finance hacked for $130m in latest DeFi attack October 28, 2021 Cream Finance, a lending protocol based on the Ethereum network, has lost $130m of assets in one of the biggest DeFi thefts to date. The team behind Cream Finance confirmed its lending markets had been targeted by a large flash loan transaction, a type of exploit which is frequently used by hackers to target vulnerabilities [...]
Forget the pandemic: Brexit’s impact on UK economy will be much worse, warns fiscal chief October 28, 2021 The consequences of the UK leaving the European Union will be much more serious than the economic impact of the pandemic, the boss of the UK’s fiscal watchdog warns this morning. The Office for Budget Responsibility (OBR) had assumed leaving the EU would “reduce our long run gross domestic product by around 4 per cent”, [...]
Budget: Brits face flat recovery for household living standards, Sunak warned October 28, 2021 The average household could see their tax rise by thousands of pounds during Boris Johnson’s premiership, a think tank has warned, as Rishi Sunak’s Budget has the country set for a flat recovery for living standards. The Office for Budget Responsibility (OBR) said the Budget would leave the overall tax burden at its highest since [...]
Sunak might be teetotal – but he needs to sober up from his super-spending October 28, 2021 The definition of addiction is the serious, chronic dependence on a substance or activity. After watching the Chancellor spend almost an hour trumpeting eye-watering increases in public spending, we now have every reason to believe that this government is hooked on splashing taxpayers’ money. The next immediate hit – securing a headline about another couple [...]
Sunak might be teetotal – but he needs to sober up from his super-spending – CityAM : CityAM October 28, 2021 The definition of addiction is the serious, chronic dependence on a substance or activity. After watching the Chancellor spend almost an hour trumpeting eye-watering increases in public spending, we now have every reason to believe that this government is hooked on splashing taxpayers’ money. The next immediate hit – securing a headline about another couple [...]
Rishi Sunak’s Autumn Budget: A quick overview of what has been announced October 27, 2021 Downing in numbers and announcements? No worries, here are the main points from Chancellor Rishi Sunak’s Budget. – The Budget is focused on the “post-Covid” era, according to the Chancellor, and will pave the way for the “Prime Minister’s economy of higher wages, higher skills, and rising productivity”. – Independent forecaster the Office for Budget [...]