UK economy can ill afford to lose £61bn in taxes December 13, 2009 The introduction of a new 50 per cent levy on banks paying bonuses above £25,000 is one of several recent measures – including the incoming 50p tax band and global transaction tax proposal – that have been perceived to be an “attack” on the City. We all acknowledge the real public anger that exists as [...]
The City of London is heading for a bright future November 29, 2009 This evening, the City of London Corporation is hosting a London Business School seminar to discuss “The Future of the City of London.” As the dust from the financial crisis starts to settle and policy makers begin planning for the future, now is the perfect time to be discussing how the City should position itself [...]
City types head out for a slippery slurp November 26, 2009 IT WAS off to Mansion House for many in the City yesterday for the annual Guinness and Oyster Lunch, which has been a tradition in the Square Mile for nigh on half a century. New Lord Mayor Nick Anstee kicked off the proceedings with a rousing speech, swiftly followed by the face of Guinness maker [...]
Crossrail’s chairman says the 16bn project is set to push ahead in 2010 November 17, 2009 The last time I saw Terry Morgan was a year ago at 2am, underneath Leicester Square. Then he was the Tube Lines chief executive and was standing on the underground tracks between Leicester Square and Covent Garden stations, telling a couple of engineers exactly what he thought of their work. This meeting could not be [...]
Brown says free trade still matters November 16, 2009 GORDON BROWN last night assured the City that Britain would remain a “free trading” and “internationalist” nation as he addressed the Lord Mayor’s Banquet at the Guildhall. And he said the world should continue to work together to solve economic issues. Brown said: “Can anyone today seriously believe we can tackle the recession better without [...]
Reshaping finance sector a marathon, not a sprint November 15, 2009 AS a keen long-distance runner, having completed sixteen marathons, I feel in my bones that attempts to restore public confidence in the financial services industry during my year in office will be a marathon, not a sprint. That is not to say that we will be slow to address past failings. Far from it. Policymakers [...]
Lord Mayor urges City to reach out November 15, 2009 NICK Anstee, the newly-elected Lord Mayor, will tonight embark upon the unenviable task of attempting to repair relations between the City and the wider public, in a speech at his inauguration banquet at the Guildhall. Anstee, a senior director at law firm SJ Berwin, will reiterate that the Lord Mayor’s job is to speak for [...]
LEST WE FORGET November 11, 2009 STAFF at Lloyd’s of London gathered yesterday to pay their respects to fallen soldiers on Armistice day. Lloyd’s chairman Lord Levene and the Lord Mayor of London laid wreaths. The Lutine Bell in Lloyd’s underwriting room, where the service was held, was rung to mark the two-minutes silence.
The global war for talent is a battle we must win November 8, 2009 This time last year, in my first column for CityA.M., I spoke about the tough times we were about to face in the coming months and years and the importance of retaining the City’s global competitiveness during turbulent times. Now, as I come to the end of my term in office and as our economy [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 29, 2009 FINANCIAL TIMES ASIAN SHIPPING LINES SUFFER FURTHER LOSSESTwo of Asia’s biggest shipping lines announced major losses for the June-September quarter in a further sign of the unprecedented severity of the crisis battering the industry. Singapore’s Neptune Orient Lines said that it would lose money at least for the first half of 2010 as it announced [...]