Explainer: What the Brexit deal means for UK nationals and EU migration January 8, 2021 New immigration rules and pandemic travel restrictions are colliding to cause a bumpy start to 2021. Although the Brexit transition deadline has passed, individuals who are eligible can continue apply under the Withdrawal Agreement until 30 June 2021 in many cases. There is confusion in these early days and some airlines have reportedly refused boarding [...]
Top finance bosses expect home working and taxes to increase following Covid-19 January 8, 2021 Top chief financial officers expect flexible and home working to increase post-pandemic – with a five-fold increase in home working expected by 2025, according to a survey by Deloitte. More than three-quarters (78%) of top CFOs expected Covid-19 restrictions on movement and activity to continue through the first half of 2021, but more than half [...]
Asos to create 2,000 jobs with new UK warehouse January 8, 2021 Online fashion giant Asos has pledged to create 2,000 new jobs via a £90m new warehouse in Staffordshire, the company announced this morning. The new 437,000 square ft site in Lichfield “will serve Asos’ growing number of customers in the UK and around the world”, the retailer said in a statement. Asos has seen sales soar [...]
Top UK Treasury civil servant earns five-year reappointment January 7, 2021 The UK Treasury’s top civil servant has been reappointed for another five-year term, after impressing Downing Street with his response to the Covid crisis. Department permanent secretary Sir Tom Scholar has been one of the architects of the Treasury’s response to the Covid crisis, which has seen Rishi Sunak spend more than £300bn to keep [...]
Steve Jobs had it right: the office is a hub for creativity January 7, 2021 IN 1986 Steve Jobs became the majority shareholder of a little-known company called the Lucasfilm Graphics Group. For the small sum of $5 million, Jobs acquired a motley crew of 40 computer scientists and graphic artists. But it wasn’t long before the company started making a loss. Products weren’t shifting. Something had to give. Under [...]
Wework unsure over long-term liquidity due to how Covid-19 changed the way we work January 6, 2021 Flexible office space giant Wework has raised concerns over its long-term future after the Covid-19 pandemic sparked a dramatic shift to remote-working. The company said today that it has sufficient liquidity to “mitigate the near-term uncertainty associated with Covid-19”. However it said the key judgements in relation to approving the company’s accounts as a going [...]
Trump phone call: Democrats ask FBI to open criminal investigation January 5, 2021 Two Democrats have asked the FBI to open a criminal investigation into US President Donald Trump over a phone call in which he pressurised a top Georgian official to overturn his election defeat. In the call this weekend, Trump told Georgia secretary of state Brad Raffensperger to “find” enough votes to reverse Joe Biden’s victory [...]
Sunday Talk: Mark Ridley, CEO of real estate giant Savills January 2, 2021 In a wide-ranging interview, City A.M. discusses fundraising challenges, Brexit and the shift to home working with Mark Ridley, who has been the group CEO of Savills since 2019, the London-based, LSE-listed real estate services giant which had a revenue of £1.93bn in 2019 and currently employs around 40,000 people in the UK and across Europe. The [...]
Brexit: Ireland beefs up police patrols at Northern Ireland border January 1, 2021 Ireland will intensify its police presence at the Northern Ireland border from today in a bid to stop organised crime taking advantage of post-Brexit changes. Ireland’s national police force, Garda, had already increased officers posted at the border by 20 per cent since 2016 and are set to add more as the Brexit transition period [...]
Eurotunnel operator ‘confident’ there will not be border chaos tomorrow December 31, 2020 The Eurotunnel’s operator has said there will not be chaos at the border after the UK leaves the EU’s single market and customs union tonight. Channel Tunnel operator Getlink has said it is “confident” there will not be a repeat of scenes last week when 800-long lorry queues were seen at the Kent border. John [...]