France hits UK with veiled threat to cut off power to Channel Islands October 5, 2021 France has made a veiled threat to cut off power to the Channel Islands in the latest escalation of a long-running fishing row. French European affairs minister Clement Beaune said “we are tired of being nice” and that he “will not stand” for French fishermen being locked out of UK waters by Downing Street. Cabinet [...]
Government launches competition to find office for Great British Railways outside London October 5, 2021 As Great British Railways is set to take the reins of the UK railway network, the Department for Transport (DfT) has launched a competition to find a new appropriate headquarters. UK transport secretary Grant Shapps has launched a competition to find the Great British Railways a head office, the new state-owned public body in charge [...]
UK’s oldest synagogue ‘saved for now’ as City of London Corporation rejects tower application October 5, 2021 The UK’s oldest synagogue has been “saved for now” as the City of London Corporation rejected a 48-storey tower block that would have put the historic site at risk of closure. The planning and transport committee for the Square Mile’s local authority today rejected the application by 14 votes to 7 in the wake of [...]
Bitcoin rises to $50k again as Wall Street drops amid inflation fears October 5, 2021 Bitcoin - the leading cryptocurrency - is currently trading at around $50,200, up almost six per cent over the past 24 hours.
Return to work: Midweek-only office workers gain a new moniker October 4, 2021 Last Thursday was the busiest day for Farringdon, Canary Wharf, Bank and Monument stations since the pandemic began, as London’s commuters adjust to a new world of hybrid working Almost a hundred thousand people travelled through Bank and Monument stations. And since City workers were encouraged “back to school” from the beginning of September, footfall [...]
Challenger challenge: Monzo aborts US banking licence application October 4, 2021 Monzo has followed in rival Robinhood’s footsteps and abandoned its application for a US banking license after regulators told the UK fintech it was unlikely to be approved. In a major setback for its international expansion plans, the challenger bank said it had decided to withdraw from the process after recent talks with the Office [...]
Investors inject £3bn into central London offices in third quarter October 4, 2021 Investor interest in central London office buildings has returned with a vengeance, with spend surpassing pre-pandemic levels. Around £1.5bn was spent on City office buildings in the three months to September 30, according to preliminary data from real estate advisors JLL, compiled for the Evening Standard. It comes as office workers have made their return [...]
Powell comments spark Bitcoin resurgence back towards $50k October 4, 2021 A strong weekend in the cryptocurrency markets saw Bitcoin rise in price by almost 10 per cent, and currently trading at just below $48,000.
COP26: All UK electricity to come from renewable sources by 2035 October 4, 2021 All of the UK’s electricity is set to come from renewable sources by 2035, prime minister Boris Johnson is expected to announce ahead of the country’s hosting of COP26. The push for cleaner energy will see the Conservative party increase investments in renewable and nuclear energy, according to The Times. It comes amid an energy [...]
Rishi Sunak to unveil £500m extra funding for Covid jobs programmes October 3, 2021 Rishi Sunak will tomorrow commit to an extra £500m in spending to boost the government’s post-Covid jobs and skills programmes. Sunak will say in his Conservative party conference speech that he will “double down” on his promise to “do whatever it takes” to protect people’s jobs and livelihoods during the pandemic. It comes as the [...]