Lockdowns a blessing in disguise for the City and Canary Wharf: Strict travel restrictions slowed Brexit exodus of bankers December 23, 2021 Three lockdowns in England made relocations for bankers in the City and Canary Wharf impossible, thereby significantly slowing an exodus of finance professionals post-Brexit. Closed borders and harsh travel restrictions imposed on the general public earlier this year led to banks postponing the relocation of some of its professionals, according to professional services firm EY. [...]
Last order: Number of pubs in England and Wales continues to fall as 400 more disappeared this year December 23, 2021 The number of pubs calling last orders flatlined despite the toll of the pandemic, with more than 400 pubs disappearing from communities in England and Wales, according to new figures. New analysis has revealed the number of pubs across England and Wales in 2021 was largely unchanged from last year. Analysis of official Government data [...]
Worst November since 1984 for UK car industry despite strong demand for electric vehicles December 23, 2021 Despite a surge in demand for battery electric vehicles, UK car production saw the worst November performance since 1984 last month The Society of Motor Manufacturers and Traders (SMMT) said November UK car production was the fifth consecutive month of decline, dropping 28.7 per cent to 75,756 units, the worst figure seen in 37 years, [...]
Labour squeeze and soaring costs compound to hit UK businesses December 23, 2021 The ongoing labour squeeze, soaring costs and uncertainty over the economic landscape since the emergence of Omicron are compounding to hit British businesses, reveals a new survey published today. Growth among UK private sector firms slowed to 21 per cent in the three months to December, down sharply from 32 per cent in the last [...]
UK economic growth: Sharp pullback as GDP climbs by just over 1 per cent and contraction expected this month December 22, 2021 The UK economy grew at a slower pace than first thought between July and September, at 1.1 per cent, compared with the 1.3 per cent initial estimate, the Office for National Statistics said this morning. This was before the impact of the new Omicron variant of coronavirus. This marks a sharp pullback on growth in [...]
Former BT chief Du Plessis selected to take over as audit watchdog chair December 21, 2021 Jan du Plessis, the former Chairman of BT as well as a host of FTSE 100 companies, has been selected as chair of the UK's audit watchdog.
Sunak to let small and medium sized firms claim back Covid sick pay December 21, 2021 Small and medium-sized businesses will be allowed to claim back money from the government to cover Covid related statutory sick pay.
Money in COVID Times: A perfect storm forming for central banks? December 21, 2021 | City Talk The COVID-19 crisis is but the latest episode in a drama docuseries on economics depicting a world in which unorthodox monetary policy is becoming the norm rather than the exception. How have central banks become the de facto lender and market maker of last resort in a financial market ecosystem in which market-based finance has [...]
Fuller’s closes London pubs blaming ‘pitiful’ government support December 21, 2021 Pub chain Fuller's has been forced to close its busy London pubs 'indefinitely' blaming a lack of government support for the limping hospitality sector.
SMEs are being priced out of immigrant labour market, says study December 20, 2021 Small and medium sized firms are being put off taking on EU staff post-Brexit because of huge visa sponsorship costs researchers have said.
