Tech Weekly: Robinhood aims for the UK April 22, 2022 In this week’s episode, Lily discusses investment app Robinhood’s acquisition of FCA-approved and UK-based crypto startup Ziglu. Charlie also discusses payments startup Super Payments’ $30m funding boost; and online pension provider PensionBee’s new listing on London’s top market. Episode transcript (auto-generated) Host 0:07 Hello and welcome to Tech Weekly, a podcast by City A.M. where we go through [...]
Seething Tory row overshadows Boris Johnson’s much-trumpeted post-Brexit visit to India as allies lash out at critical MPs April 22, 2022 Allies of Boris Johnson have lashed out at Tory MPs calling for the Pinrime Minister to resign after the House of Commons ordered a third inquiry into lockdown parties in Downing Street. Senior backbencher Tobias Ellwood said there had been “a huge breach of trust” with the British people as he called on Conservative MPs [...]
Boris Johnson asked if Rishi Sunak will keep his job: ‘The answer to that is yes’ April 22, 2022 Boris Johnson has given an assurance that Chancellor Rishi Sunak will be in post for the Autumn budget, but declined to say Priti Patel would remain in her role. The embattled incumbent of Number 10 was asked, during his visit to India, whether Sunak would stay in his job in wake of partygate, responding “the [...]
Rain Newton-Smith interview: Go for growth to turbocharge economic resilience April 22, 2022 Everyone knows the dismal time the UK economy is in for over the coming year – but let’s recap. Living standards are scheduled to fall at the steepest rate in 66 years as a result of wages failing to keep pace with an average annual inflation rate of over seven per cent, according to the [...]
UK crypto investors realised gains worth £6.2bn last year April 21, 2022 UK investors bet big on the crypto market last year realising gains worth £6.2bn fresh analysis has revealed.
Two-in-five Brits now say they think that Rishi Sunak is ‘incompetent’ April 21, 2022 A new survey has revealed 40 per cent of Brits now think Rishi Sunak is “incompetent” – a 23 per cent increase from January. The YouGov poll also found that 38 per cent of Brits think the chancellor is “competent”, which is a 16 per cent drop from last year. It comes as Sunak’s public [...]
Has British politics finally become a meme? April 21, 2022 Is an Islington suit an Islington suit if it was bought in Camden? Does Keir Starmer have more “posh north London” vibes than Jeremy Corbyn? After all his time in politics was “a tiny brain” the best slur Boris Johnson could come up with for the Leader of the Opposition? Yesterday’s PMQs was an old-school brand of entertainment.
The City View: Netflix stock plummets, and Interactive Investor’s Richard Hunter on “easy money” decade, strong UK markets April 20, 2022 Today Andy Silvester talks to Richard Hunter, Head of Markets at Interactive Investor. They go through strong UK market performance; US indices — Netflix woes, and the NASDAQ’s near 13% dip this year; and the “easy money” economy this past decade, and how going forward young traders might be seeing lower returns on their investments [...]
FCA names interim digital asset lead amid crypto push April 20, 2022 The UK's financial regulator has selected Victoria McLoughlin as interim head of a new unit focussing on digital assets.
Balancing the budget won’t win voters hooked on Sunak’s years of spending April 20, 2022 On a balmy September day eight years ago, Ed Miliband strode onto the stage at Labour Party Conference and proceeded to deliver a marathon 66-minute speech without notes. Unfortunately for the then Labour leader, he managed to forget a key chunk of his prepared remarks – the bit about tackling the deficit. Cue glee from [...]