London deserves a mayor who believes in the city’s bright entrepreneurial future July 19, 2018 Come March 2019, Britain will have left the EU, but our city will continue to be the most vibrant and dynamic economic urban economy on earth. Londoners deserve a mayor who represents this and protects our position of strength. Unlike Sadiq Khan, he or she can ill-afford to be sucked in to talking down London’s [...]
Airbus and Boeing reach sky-high orders as Farnborough Airshow begins to wind down July 19, 2018 Leading plane manufacturers Airbus and Boeing have won combined orders for nearly 1,000 aircraft at the Farnborough AirShow so far this week, as the UK’s biggest calendar event for the aerospace and defence sector draws to a close. In a week-long competition to land multi-billion dollar deals, Boeing beat Airbus to the top spot with [...]
Budget watchdog the Office for Budget Responsibility (OBR) says extra unfunded NHS spending adds to “unsustainable” outlook for public finances | City A.M. July 17, 2018 The Treasury’s budget watchdog today warned that the government’s spending plans, including a planned £20.5bn boost to National Health Service (NHS) spending, are unsustainable without tax rises or further spending cuts. The Office for Budget Responsibility (OBR) said that the public finances are “likely to come under significant pressure over the longer term” as an [...]
Brexit immigration targets could ring up a £12bn annual bill on UK finances | City A.M. July 15, 2018 Government immigration targets to reduce net migration to under 100,000 people a year could end up costing the UK economy up to £12bn annually within the next five years, according to analysis from think tank Global Future. Based on data provided by the Office of Budget Responsibility ahead of the government’s latest migration figures, efforts [...]
Number 10 Downing Street is no place for a Brexit betrayer July 11, 2018 The UK government and parliament are fast approaching another of those thankfully rare historical episodes that are either nation-affirming or hugely humiliating. Will we witness our salvation of 1940, or our Suez of 1956? It is being brought to us courtesy of a Prime Minister doing her utmost to become possibly the worst leader to [...]
TP ICap shares sink more than 30 per cent as it parts ways with chief executive and warns on higher costs July 10, 2018 Shares in the world's largest interdealer broker TP Icap sunk more than 30 per cent this morning, after the company said it had parted ways with its chief executive, and warned earnings would come in below expectations. Ahead of the group's interim results for the six months to 30 June to be announced next month, [...]
Sex work bans are an affront to both safety and freedom July 6, 2018 You might have missed it this week, in the midst of open warfare in the cabinet over EU customs arrangements and a nationwide celebration of the adored NHS, but MPs on Wednesday had a new target: sex workers. Following a parliamentary report on prostitution, a cross-party group of MPs called for a ban on adult [...]
Famous water cities around the world made through innovative aquatecture July 5, 2018 How do you solve a problem like the Houses of Parliament? The neo-Gothic palace, parts of which are nearly a thousand years old, is crumbling and MPs voted recently to decant to another building for around six years – most likely to nearby Whitehall – while refurbishment works are carried out. So far, so pedestrian. [...]
Ryanair hits out at air traffic control strikes causing 1,100 flight cancellations though airline still reports rise in June traffic July 3, 2018 Ryanair has hit out over air traffic control (ATC) strikes once again, saying they proved particularly turbulent last month. The airline still managed to post a seven per cent rise in passenger numbers for June – up to 12.6m, compared to the same month last year. The load factor, which reflects how efficiently an airline [...]
Tom Davies talks eyewear, designing glasses for Clark Kent, and moving his factory from China to Brentford July 2, 2018 What do Ed Sheeran, Angelina Jolie, and Carrie Fisher, have in common? They’ve all worn spectacles created by luxury eyewear designer Tom Davies. The entrepreneur’s designs are highly sought after. Not only does he count celebrities among his clientele, but his glasses have appeared on the big screen. In 2014, he was asked to design [...]