Labour accuses Boris Johnson of breaking ministerial code in Sadiq Khan row April 7, 2021 Labour has today accused Boris Johnson of breaking the ministerial code for using a Downing Street press conference to attack mayor of London Sadiq Khan. Deputy Labour leader Angela Rayner is accusing the Prime Minister of using government resources for party political campaigning, a breach of the code, after Johnson said at Monday’s press conference [...]
Some 1,200 HSBC staff to permanently work from home April 7, 2021 HSBC is moving more than 1,200 staff in the UK to permanent working from home contracts, marking yet another company making major changes to its working patterns post-pandemic. Around 70 per cent of the bank’s 1,800 call centre staff based across England, Wales and Scotland have volunteered to never return to the office, employment union [...]
Nine in 10 Grant Thornton staff want to continue working from home April 7, 2021 Staff at Grant Thornton want to spend fewer days in the office than they did pre-pandemic, believing a more flexible approach to working would have a positive effect on them. Nearly nine in 10 (88%) employees at Grant Thornton want to work from home for at least half of the time after coronavirus restrictions ease, [...]
City Moves: Who’s switching jobs in the Square Mile this week? April 7, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Tharsus adds former CEO of Dyson to its board Robotics company Tharsus has appointed former Dyson CEO to its board as a non-executive director this week. Martin McCourt, whose career spans four decades, [...]
Sadiq Khan London mayor election manifesto: Everything you need to know April 6, 2021 London mayor Sadiq Khan launched his election manifesto today by promising Londoners that he would focus on “jobs, jobs, jobs” if re-elected on 6 May. The 100-page document, one-third larger in size than the Tories’ general election winning manifesto in 2019, outlined policies on areas such as the economy, the environment, transport, crime, housing and [...]
JP Morgan and Goldman Sachs staffers return to London in droves April 6, 2021 Bankers at JP Morgan and Goldman Sachs have returned to their London offices in droves, as the UK continues to inch out of lockdown. Around 15 per cent of JP Morgan’s staff in the City – some 1,800 people – went into the office last week, up from about 10 per cent at Christmas. For [...]
Innovate Finance chief exec Charlotte Crosswell to step down in May April 6, 2021 Innovate Finance’s chief executive Charlotte Crosswell has today announced that she will step down from her role in May. Crosswell has run the industry body for the UK’s fintech sector since 2017. Janine Hirt, the body’s chief operating officer, will take over on an interim basis. Her four years in charge saw Crosswell lead Innovate [...]
The multi-billion-pound pot that could be fuelling Britain’s green recovery April 6, 2021 As the Government pushes on to Build Back Greener, capital invested via the investor visa route should be considered as another means of directly supporting the UK’s sustainable recovery. Finding a pound down the back of the sofa used to be one of those small life wins. Now imagine it’s closer to £1bn – and [...]
Number 10 calls Sadiq Khan’s cannabis review a ‘waste of time’ April 6, 2021 Downing Street has emphatically ruled out legalising cannabis anywhere in the UK, after Sadiq Khan launched a review into decrminialising the drug in London. Boris Johnson’s press secretary Allegra Stratton said the review was a “waste of time” and that “Sadiq Khan will know the policy on controlled drugs – it’s a matter for the [...]
Will ESG turn Bitcoin into a digital ‘stranded asset’ or monetary MySpace? (Part I) April 6, 2021 In this first instalment of a two-part piece, Ben Ashby, Derek Usher and Gerard Fox explain why environmental, social and governance (ESG) factors will undermine Bitcoin’s eye-catching rise, here focusing on the ‘E’. We have many economic reasons for believing that ‘first-generation’ crypto assets will fail to displace either ‘conventional’ money or traditional safe assets [...]