King: we were right to hold rates June 15, 2011 THE Bank of England could have stopped inflation rising above target but chose to prioritise economic output by keeping rates at their historic low, governor Sir Mervyn King told the City last night. Raising interest rates “would have meant a weaker recovery, or even further falls in output, despite our having experienced the worst downturn [...]
King defends his new role as super-regulator June 15, 2011 MERVYN King last night defended the Bank of England’s new regulatory powers, arguing that the financial crisis demonstrated the limits of monetary policy in maintaining stability. “Before 2007, central banks successfully set short-term interest rates to combine steady growth of output with low and stable inflation,” King said, speaking at the Lord Mayor’s banquet at [...]
City cheers Hunt decision on Broadgate June 15, 2011 THE City of London’s top executive yesterday thanked City A.M. for its campaign to allow the redevelopment at Broadgate, after culture secretary Jeremy Hunt confirmed that he would not award the estate listed status. Stuart Fraser, chairman of policy at the City of London, said: “I would like to thank City A.M. for their support [...]
BUREAUCRATS LOSE BROADGATE BATTLE June 14, 2011 VICTORY FOR CITY A.M. CAMPAIGN CULTURE secretary Jeremy Hunt will not save the Broadgate estate from demolition, City A.M. can reveal, marking a victory for our campaign against bureaucrats that wanted to protect the site. Hunt is expected to announce today that he is rejecting advice from conservation body English Heritage, which recommended that the [...]
BORIS INTERVENES IN BATTLE OF BROADGATE June 13, 2011 BORIS Johnson has thrown his weight behind City A.M.’s campaign to allow UBS to build its new headquarters on the Broadgate estate, after English Heritage threatened to scupper the plans by recommending the site for listed status. The London Mayor told City A.M. he was “astounded” to learn that English Heritage had recommended the collection [...]
BORIS INTERVENES IN BATTLE OF BROADGATE June 13, 2011 BORIS Johnson has thrown his weight behind City A.M.’s campaign to allow UBS to build its new headquarters on the Broadgate estate, after English Heritage threatened to scupper the plans by recommending the site for listed status. The London Mayor told City A.M. he was “astounded” to learn that English Heritage had recommended the collection [...]
South American partnerships boost the City June 12, 2011 WITH just over one year to go until the Olympic Games, excitement is building across the capital as we prepare to welcome the world on our doorstep in a unique sporting, cultural and business extravaganza. And while I am utterly convinced London 2012 will be a resounding success, one country has just as much – [...]
City of London festival goes Down Under June 9, 2011 A TROOP of didgeridoos playing a live chorus for commuters set the tone for this year’s much-anticipated City of London Festival. On June 28th, the atmospheric instruments will serenade workers arriving on each of the City’s five main bridges (Blackfriars, Millennium, London, Southwark and Tower Bridge) as they head to work. This year, in case [...]
Architects oppose listing of Broadgate June 6, 2011 A POLL of architects suggests that most in the industry are against protecting buildings on the Broadgate estate from redevelopment. An online survey by the Architects’ Journal yesterday showed that 68 per cent think that Broadgate Square near Liverpool Street should not be the second-ever postwar City building to be given listed status, as recommended [...]
City must engage in debate over Big Society May 30, 2011 LAST week, the coalition government published a White Paper that puts further flesh on the bones of the Prime Minister’s vision for the Big Society. The proposals in the Paper are designed to spur growth in charitable giving and in volunteering. It included an additional £40m in support for the voluntary sector. It is imperative [...]