Staff returning to offices three days a week would be ‘royal result’ post-pandemic January 13, 2021 If staff who have been working from home during the pandemic return to the office for three days a week post-Covid, it will be a “right royal result”, David Buik has said. Buik, who has worked for more than 50 years in the City of London and contributes to the Great Wave of Change podcast, [...]
London’s fintech scene could be a winner from the Covid crisis January 13, 2021 We all know the Covid-19 pandemic has been, and for too many remains, a devastating time. It’s easy to be pessimistic, too, even as vaccine rollout speeds up. Life will not go back to ‘normal’ quickly – the events of the last ten months will have profound repercussions for health services, businesses, debt and fiscal [...]
Robert Walters: We stand to benefit from any Brexit repercussions January 12, 2021 Leading recruitment boss Robert Walters has said that despite a challenging year the firm stands to benefit from any Brexit repercussions because of its wide geographic reach. The FTSE 250 firm has offices across the world with a strong presence in Asia, where performance has improved in recent months. Its trading update published today showed [...]
Smart politicians will be looking to cities as a springboard for greatness January 12, 2021 For much of the second half of the 20th century, powerful city politics was dying. As the great industrial centres went into decline, so too did their once-proud corporations and mayors. County boroughs like Liverpool, Manchester, Birmingham and Leeds were gathered together in 1972 and melded into metropolitan counties like “Merseyside” or “West Midlands”, and [...]
Before the Bell: Tech firms under pressure as Europe poised for modest rebound January 12, 2021 Equities sold off yesterday as last week’s bullish mood was swapped for a more cautious attitude. There was an absence of positive news yesterday so the stories about the health crisis were at the centre of attention, David Madden, market analyst at CMC Markets UK, tells City A.M. this morning. The Chinese authorises announced the [...]
Rishi Sunak warns UK economy will ‘get worse before it gets better’ January 11, 2021 The UK’s economy is set to “get worse before it gets better”, Rishi Sunak has today warned. The chancellor told MPs this afternoon that the country’s latest lockdown has scuppered any economic recovery from last year and that the new restrictions will “have a significant impact on the economy”. The Office for Budget Responsibility (OBR) [...]
Chancellor Rishi Sunak: The City could be set for a post-Brexit Big Bang 2.0 January 11, 2021 Rishi Sunak believes the Square Mile is set for a post-Brexit “Big Bang 2.0” and that the City’s “culture and creativity” will see it to greater, global heights. In a candid interview with City A.M., the Chancellor also pushed back against criticism of the UK’s trade deal with the European Union, saying that it should [...]
Rishi Sunak: Working from home will not be the new normal post-Covid January 11, 2021 Widespread full-time working from home will not become a permanent fixture of the UK economy and central London is destined to come back to life post-Covid, according to Rishi Sunak. The chancellor told City A.M.’s The City View podcast that he’s “desperate” for “the buzz, the vitality and the creativity” that cities generate and that [...]
Rishi Sunak calls for return to ‘sustainable finances’ ahead of March budget January 11, 2021 Rishi Sunak has reiterated the need to return to “sustainable” levels of government spending as he foreshadows future Budget cutbacks. Sunak told City A.M.’s The City View podcast in an exclusive interview that the Treasury’s £280bn Covid spending over the past year was “the right thing to do”, but that “over time” he had to [...]
Apple and Amazon suspend Parler from web stores January 10, 2021 Apple and Amazon have followed Google’s lead and suspended Parler from their respective app stores over concerns that the social media platform has not done enough to regulate content inciting violence. The app, which styles itself as an “unbiased” platform, has proved popular with users who have been kicked off other platforms. The suspensions come [...]