Ready to replace Boris: ‘Anxious’ Rishi Sunak fails three times to rule out Tory leadership run March 25, 2022 Chancellor Rishi Sunak failed three times to rule out that he could launch a leadership bid in the future. Speaking to Beth Rigby Interviews on Sky News, the Chancellor was asked whether he would go for the top job if the opportunity arises. He was read a quote from Boris Johnson, who said in 2013 [...]
UK flight compensation to be slashed under post-Brexit government plans: from £220 to £57 March 25, 2022 UK flight compensation rules could be slashed out, consumer champion Which? warned today. Under new government plans, passengers could see their refunds go from £220 to £57, saving airlines hundreds of thousands of pounds per year. “Ripping up current compensation rules for UK flights would be a huge blow for passenger rights and embolden airlines [...]
Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
Crypto scam: Pig butchering on dating sites makes the Tinder Swindler looks like an amateur March 24, 2022 City A.M. is increasingly receiving reports about a new crypto scam called ‘Pig Butchering’, which combines the intimacy of romance scams with the wild west of crypto cons. In this scam, the victims are referred to as pigs being prepared for slaughter: they’re raised for their meaty profit under the promise of ‘happily ever after’ [...]
City A.M. Awards 2022: Insurance Company of the Year March 24, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Hollywood takes over Waltham Cross as £700m plan for Europe’s largest film studios with 4,500 jobs moves ahead March 24, 2022 Hollywood’s Sunset Studios is moving ahead with its plans to pump around £700m in a new film studio in Waltham Cross, a project that should generate around 4,500 jobs and create the largest film studio in Europe. The Hollywood giant has submitted a range of plans and proposals to the local council, after holding a [...]
Rishi Sunak admits Brits face ‘challenging and uncertain’ times after Spring Budget March 24, 2022 Chancellor Rishi Sunak has said the country is facing “challenging and uncertain” times after official forecasters predicted the biggest fall in living standards on record. Following his spring statement on Wednesday, the Chancellor insisted the Government was “on the side of hard-working families”. But Labour said that he had done nothing to tackle the cost-of-living [...]
Poverty looms for 600,000 Brits after Spring Budget as benefits fall behind inflation and tax jumps March 24, 2022 Around 600,000 people will be pulled into poverty, of which around a quarter are children, according to new data shared with City A.M. this morning. In fact, families in poverty will be £446 per year worse off in 2022-23 compared to if benefits had been uprated in line with current inflation levels. Households in poverty [...]
Say hello to the 3:2 week: What a new working life looks like for many Brits in 2022 March 24, 2022 Two years on since working from home was first introduced for many Brits, new research shared with City A.M. today shows that Brits have reached an era of balance, as today’s office workers now spend three days a week working in the office, and the other two working remotely. The new 3:2 week has had [...]
UK watchdog warns millions of Brits face financial difficulty March 23, 2022 The Financial Conduct Authority (FCA) has warned that the cost of living crisis has put millions of Brits at risk of facing "serious financial problems."
