Brexit and the City: Here are the names you need to know September 25, 2016 As rumours circulate that Article 50 could be triggered towards the start of next year, many in London are more than a little curious as to what the City will look like post-Brexit and who will be fighting to keep their best interests front and centre during the course of the negotiations. City A.M. profiles some [...]
Autumn Budget 2017: Chancellor Philip Hammond’s speech in full November 22, 2017 You can read the chancellor's Budget speech in full here: Mr Deputy Speaker I report today on an economy that continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down. An economy set on a path to a new relationship with our European [...]
Deutsche Bank kicks off its €8bn rights issue on Tuesday as German lender attempts to bolster its capital March 19, 2017 Deutsche Bank announced today it is due to press go on its €8bn (£6.9bn) rights issue on Tuesday, as the German banking giant tries to shore up its capital. The Frankfurt-headquartered lender announced a slew of plans to improve its capital position earlier this month, including, in addition to the rights issue, holding onto its Postbank division, streamlining [...]
Here’s the UK’s “crash for cash” insurance fraud capital March 31, 2016 It may be a central part of the Midlands engine, but Birmingham also tops a different kind of motor-centric list. Birmingham has today been named the UK's crash for cash capital, with one out of every four fraudulent claims occurring in this city. The research by insurance company Aviva discovered that crash for cash incidences, in which fraudsters [...]
Newspapers in fresh attack on government-recognised press regulator January 23, 2017 The newspaper industry has launched a fresh attack on the UK’s official press regulator, demanding that its status be challenged. The News Media Association (NMA) has called on the Press Recognition Panel (PRP) to conduct an ad hoc review of its decision to recognise Impress. Lawyers for the NMA wrote to the PRP on Friday highlighting [...]
Leaving the Single Market would blow a £14bn hole in the public finances July 21, 2016 Before the referendum, George Osborne claimed a Brexit vote would require an emergency Budget of tax hikes and big spending cuts. While the new chancellor has said that he will wait until the Autumn Statement before he makes any changes to fiscal policy, it is unclear what he will choose to do. But what is [...]
Why conveyancing is where it’s at for legal eagles, but bad luck if personal injury is more your focus June 13, 2016 Fees for lawyers with a head for conveyancing were as safe as houses last year, research out today has found. According to the study by chartered accountants Hazlewoods, fees for law firms which specialise in residential conveyancing rose by 15.4 per cent on average in 2015, while those specialising in commercial conveyancing also received a 8.7 per cent boost [...]
Brexit Britain could be new sweetheart after EU-US relations soured by Apple tax ruling August 30, 2016 Souring relations between the US and Europe in the wake of the EU competition watchdog ordering Apple to pay a record multi-billion pound tax bill could hand the UK a post-Brexit boost. Britain could be the big winner from the tax feud between Europe and the US after the EU competition commission ruled Apple should [...]
Hinkley Point C: Here’s how seven City types reacted July 29, 2016 The long-awaited decision on the Hinkley Point project finally arrived this morning – but while EDF decided to go ahead with the nuclear reactors, the government threw its own spanner in the works. Yes, last night business and energy secretary Greg Clark said the government will review the details of the project and make a [...]
Should Philip Hammond cut VAT to support post-referendum economy? July 28, 2016 Theresa May and Philip Hammond have promised to "reset" the government's spending plans in the wake of the EU referendum. George Osborne's goal to run a budget surplus has been abandoned while rumours about a massive injection of government spending are gathering pace. In 2008, as the Labour government scrambled to deal with the start of the slowdown, [...]