Britain’s economic adjustment only ends in one way October 7, 2021 The ails of the nation’s favourite sausage roll maker are a microcosm of the problems afflicting the UK economy. In a trading update yesterday, high street baker Greggs warned it is suffering from a “supply of ingredients.” A couple months back, it pulled its iconic chicken bite for similar reasons. Severe shortages plaguing the British [...]
Brexit exclusive: UK firms face refused GB payments due to IBAN discrimination across EU – CityAM : CityAM October 7, 2021 As the clocks turned 2020 into 2021 the UK left the European Union after 47 years. The decision divided the country, and businesses everywhere were forced to adapt to, and comply with, new regulations. Certain industries were more affected than others, and businesses which had some sort of international presence benefited from a smoother transitioning period, [...]
Boris Johnson is gambling on the war-on-woke to keep rioting Tories at bay over taxes October 7, 2021 Boris Johnson is a man not used to picking up the tab. During his tenure at the Spectator, he infamously never repaid the interns who bought him coffees and in Downing Street he has tried to palm off the bill for everything from his curtains to Daylesford Organic ready meals. Before the pandemic, while crucial [...]
Party time for Tories as Boris Johnson shows off his iron grip on British politics October 6, 2021 Boris Johnson’s bouyant speech today was a fitting end to a Tory party conference that was marked by an overriding sense of triumphalism. Endless crates of Bollinger were cracked open with the ease and vigour of a teenager necking their first Bacardi Breezer. The Midland Hotel’s bar was packed round the clock with bespectacled and [...]
Boris Johnson urges people to get back to the office October 6, 2021 Boris Johnson has called on people to return to their offices and ditch remote working, with the Prime Minister urging young people to embrace traditional working patterns. Johnson said in his keynote Conservative party conference speech today that a “productive workforce” only comes from “face to face meetings and water cooler gossip”. The government has [...]
Exclusive: Former Home Secretary Amber Rudd to join Finsbury from Teneo October 6, 2021 Amber Rudd, the former home secretary, is set to leave PR firm Teneo to join rival Finsbury Glover Hering. The ex-politician will join as a senior adviser at the company her brother Roland founded in 1994, City A.M. understands. Rudd spent 18 months at Teneo after a nine-year Parliamentary career as the Tory MP for [...]
Rishi Sunak assures City that bonfire of financial services regulations post-Brexit is around the corner October 5, 2021 Rishi Sunak has moved to assure the City that changes to financial services regulation post-Brexit are around the corner as he set out his ambition to “make sure [London] remains the most competitive place in the world for financial services”. When challenged at a Conservative party conference fringe event on why there hasn’t been a [...]
PM aiming to schmooze globe’s top finance brass at green summit October 5, 2021 The chiefs of the globe’s top finance brass will attend a green summit hosted by Prime Minister Boris Johnson. The bosses of Wall Street behemoths JPMorgan and Goldman Sachs and asset manager big beasts BlackRock and Blackstone will be among those Johnson is hoping to schmooze to generate billions of pounds of investment for the [...]
Editorial: Crisis? What crisis? Sunak and his party would be wise to avoid complacency October 5, 2021 The year is 1979, and rubbish bags are piling up in Leicester Square. Lorry drivers are striking leading to queues at fuel pumps, and Brits are panic-buying bread. Prime Minister Jim Callaghan returns to Britain from a conference in Guadeloupe and declares airily that “I don’t think other people in the world would share the [...]
Conservative conference: Rishi Sunak declares the ‘future is here’ October 4, 2021 Rishi Sunak has declared the “future is here” in his party conference speech as he vowed to bring the UK’s economy into the 21st century. The chancellor said “I want tax cuts”, but that first “public finances must be put back on a sustainable footing”. It comes after the government recently increased National Insurance Contributions [...]