Central banks running low on ammunition to fight recession, Mark Carney warns January 8, 2020 Central banks may not be able to fight off a sharp economic downturn because their monetary policy arsenals are still depleted following the global financial crisis, outgoing Bank of England Governor Mark Carney has warned. “It’s generally true that there’s much less ammunition for all the major central banks than they previously had and I’m [...]
Gracechurch developer bangs drum for a city with a ‘bright future’ January 7, 2020 As an overseas investor in the City of London, the election of the new Conservative majority government and the message it sends to people like me who are keen to invest in the UK economy is welcome. After three and half years of political turmoil, the UK can finally move forward as a country and [...]
Former Met chief Lord Hogan-Howe joins listed law firm Rosenblatt January 6, 2020 Former London police chief Lord Bernard Hogan-Howe has joined listed law firm Rosenblatt as an adviser, the firm said today. Hogan-Howe was the head of London’s Metropolitan Police as commissioner of police of the metropolis from 2011 until 2017. During his time in office, Hogan-Howe oversaw the London 2012 Olympics and dealt with the aftermath [...]
Andrew Bailey: Three issues the new Bank of England chief will have to tackle January 5, 2020 A safe pair of hands. That’s the cliche about the new Bank of England governor Andrew Bailey, who will take over the position from Mark Carney in March. The City and the British public will be hoping it is correct. Bailey does indeed have about as much experience of the BoE as it is possible [...]
UK cyber security chief to step down next year December 28, 2019 The head of the UK’s National Cyber Security Centre (NCSC) has announced he will stand down next summer. The government said that Ciaran Martin would leave his post in 2020 on Friday evening, almost four years after founding the organisation. The 45-year-old said it had “been the privilege of a lifetime” and warned the challenge [...]
Donald Trump invites Boris Johnson to White House December 22, 2019 US president Donald Trump has reportedly invited prime minister Boris Johnson to visit him in the White House in the new year. The Sunday Times reported that Trump’s invitation to Johnson was made after the British prime minister’s recent election win. Read more: European stocks rally as Boris Johnson’s Brexit deal is approved Formal discussions [...]
New government ‘must commit to flexible labour market’, say CBI December 19, 2019 Business lobby group the Confederation of British Industry (CBI) today warned more than seven in ten businesses fear they won’t have access to skilled workers they need in the next year. Britain’s plans for a new post-Brexit immigration system risk the flexibility of the UK’s labour market, which could cause a shortage of skilled workers, [...]
Business can help charities in more ways than just raising funds December 19, 2019 After a Christmas election where all the main parties claimed that they would boost social spending, the season of giving this year has become unusually politically charged. Yet with an estimated 14m people living in poverty in Britain, regardless of which party is currently in power, there will remain a significant role for private philanthropy [...]
Staffline shares plunge as recruiter slashes profit forecasts December 18, 2019 Staffline has announced its finance chief has stepped down as the recruitment firm cut its profit forecasts following a dip in consumer demand. Shares in the company plunged 33 per cent this morning as it revealed that trading performance in the fourth quarter was below the board’s expectations following a slump in demand. Read more: [...]
The biggest tech breakthroughs of the last decade December 18, 2019 It is easy to forget, as we approach the end of not just 2019 but also the decade, just how far technology has developed over the past 10 years. To mark the end of the era, City A.M. asked several experts for what they think have been the biggest technological breakthroughs or advancements made in [...]