North Sea oil and gas sector push Labour to back licensing rounds November 8, 2023 The North Sea oil and gas industry is hoping to convince Labour to back future oil and gas licences - City A.M. has learned.
Let’s face it: Profiteering is feeding the inflation beast, not just pay rises April 4, 2023 Inflation is a pernicious beast that is plainly bad for people and businesses. It can ease governments’ debt burdens by (artificially) boosting tax revenues, but that can lead to severe bouts of price rises that, often, lead to societal decay. So it’s easy to see why policymakers in the UK are sweating over the rate [...]
JD Sports: Why Peter Cowgill’s scandal-stricken exit was only a temporary blip in the brand’s race to the top May 9, 2023 JD Sports has no problem showing rivals how it’s done. This morning the ‘king of trainers’ kicked off its five year growth strategy, with a proposed acquisition of a leading French sports brand Courir, costing the brand a weighty £425m. As share price for JD Sports soared over three per cent this morning, it’s clear [...]
Election 2022: Boris Johnson under pressure as hundreds of council seats lost May 7, 2022 The scandal hit conservative party has haemorrhaged support across the UK with hundreds of council seats lost to Labour and the Lib Dems.
Steepest rise since 2013: Train fare hike of almost 4 per cent to hit commuters from TODAY March 1, 2022 Train passengers in England and Wales face an increase in fares of up to 3.8 per cent from this morning. It is the steepest increase since January 2013, according to figures from industry body the Rail Delivery Group (RDG). Therefore, the Government has been accused of adding to the cost of living crisis following the [...]
Oxford Street footfall still 52 per cent lower than pre-pandemic, making it the UK’s worst hit High Street May 27, 2022 Footfall on London’s Oxford Street is still 52 per cent lower than pre-pandemic levels – the worst hit high street across the UK, according to fresh retail data shared with City A.M. this morning. London continues to be impacted by hybrid working and less commuting into the city than previous years, as well as the [...]
Labour opens up 30-point lead over Tories in London, says new poll March 14, 2022 Labour has a 30-point lead over the Conservatives in London with less than two months until a crucial set of local elections, according to a new poll. A new survey by Deltapoll, and commissioned by the London Communications Agency, has Labour on 54 per cent, the Tories on 24 per cent and the Liberal Democrats [...]
National Insurance rise to be axed on 6 November, says Kwarteng September 22, 2022 This year’s hike in National Insurance will be axed from 6 November, Kwasi Kwarteng has today announced. The Treasury today said the move to reverse the 1.25 percentage point increase in National Insurance – which was originally brought in to pay for increased health and social care spending – will save businesses an average of [...]
Bank of England orders lenders to strengthen reserves amid ‘deteriorating’ economy July 5, 2022 The Bank of England yesterday ordered lenders to fortify their defences in preparation for the looming economic downturn, warning the City against “excessive” cuts in lending to households and businesses. The central bank, which oversees Britain’s banking sector and the country’s monetary policy, doubled the proportion of money lenders need to keep in reserve to [...]
Camelot’s National Lottery legal battle could drain £500m from good causes May 8, 2022 The former boss of lottery operator Camelot has urged the gambling commission to delay the transfer of the firm’s licence to new operator Allwyn, as the costly legal battle could cut resources for good causes. Dame Dianne Thompson has written in a letter to the commission first reported by the Mail on Sunday that a legal [...]