Ashurst seeks to capitalise on consulting boom with launch of UK advice business Consulting City law firm Ashurst is set to expand its services offering by launching a UK consulting business. The Silver Circle firm plans to build on the successes it has had in Australia by launching a London based risk advisory business. Ashurst’s new consulting business will be led by a trio made up of current Ashurst [...]
Post-Brexit foreign direct investment in the north skyrockets 72 per cent Northern powerhouse Post-Brexit foreign direct investment in the ‘northern powerhouse’ has skyrocketed by 72 per cent compared to the rest of the UK, a new report has shown. Investment in the north rose from £24bn between 2012-16 to £41bn after Britain left the European Union, from 2017-21. The findings, by the Northern Powerhouse Partnership, also found the [...]
London breezes past European rivals to retain finance hub crown exclusive London has breezed past its Continental rivals to retain the title of Europe’s top financial hub, research shared exclusively with City A.M. today shows. The capital’s deep highly-skilled talent pool helped drive it to the top of the European rankings in the 32nd edition of Z/Yen’s global financial centres index (GFCI). The Square Mile has [...]
Liz Truss drops any hope for UK-US trade deal as Global Britain’s Brexit efforts shift to Gulf, India, Australia and Japan September 20, 2022 The Prime Minister has stressed that her trade priority is post-Brexit striking deal with the Gulf states and India, and joining a trade pact with nations including Australia and Japan. At the same time, Liz Truss conceded that negotiations for free trade deal with the US will not restart for years as she flew to [...]
Brexit onslaught deepens as a third of all UK exporters to EU vanish due to red tape knockout September 15, 2022 The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to data from HMRC. Discussing the figures with City A.M., Michelle Dale, a senior manager at accountancy firm UHY Hacker Young, pointed out the fall is due to the extra red tape [...]
EU urges Britain to cut Brexit checks at border to ‘a couple of lorries a day’ September 12, 2022 Checks on goods travelling across the Irish Sea should be cut to a “couple of lorries a day”, the EU’s chief negotiator on Brexit said today. Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect of [...]
Meet Liz Truss’s top team: Who is Britain’s new Foreign Secretary, old Boris ally James Cleverly? September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key government ministers. Who are they? What has their journey been so far? Read here about the new Chancellor, Kwasi Kwarteng, and the new Home Secretary, Suella Braverman as well as the new Business Secretary, Jacob Rees-Mogg. An old ally of Boris [...]
Meet Liz Truss top team: Who is the UK’s new Home Secretary, Brexit barrister Suella Braverman? September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key government ministers. Who are they? What has their journey been so far? Also check out the new Chancellor, Kwasi Kwarteng and and the UK’s new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. A barrister who [...]
Brexit: £120m festival has just 238,000 visitors after being ‘hijacked by wokeness’ September 2, 2022 A £120m festival launched to celebrate Brexit has been branded a flop after just 238,000 visitors turned up. The taxpayer-funded so-called ‘festival of Brexit’, later renamed ‘Unboxed’ was branded “beyond parody in terms of wokeness” by the former minister for leaving the EU. In a report published by House, the publication for Parliament, organisers reportedly [...]
Accounting sector veteran Pauline Wallace named UKEB’s first permanent chair August 31, 2022 Accountancy sector veteran Pauline Wallace has been named as the first permanent chair of the UK Endorsement Board (UKEB). The former PwC partner will start her three-year term as head of the body set up to ensure the UK complies with international accounting standards on 11 September 2022. Following Brexit, the UKEB was set up [...]