California feels the heat as wildfires sweep the Golden State August 9, 2021 More than 5,000 firefighters are battling wildfires across California, including the state’s largest ever standalone blaze. The Dixie Fire started on 13 July and has since consumed more than 463,000 acres (187,369 hectares), an area larger than Greater London. Just 21 per cent of the blaze is contained, according to officials. By Saturday evening, the [...]
Sadiq Khan will spend £350,000 to fight the Tulip tower February 10, 2020 City Hall will spend up to £350,000 to defend its decision to reject the planning application for the Tulip tower as Sadiq Khan gets ready to fight an appeal against its developers. The 1,000-foot skyscraper was set to be built by architecture firm Foster + Partners opposite the Gherkin, after its design was approved by [...]
Nigel Farage’s Westminster Brexit bash granted planning approval January 15, 2020 Nigel Farage has been granted permission to throw a Brexit day party at Wesminster’s Parliament Square. The Brexit bash is set for 31 January to coincide with the date Britain leaves the EU, and is expected to cost £100,000 and attract 10,000 people. Read more: Planning uncertainty over Nigel Farage Brexit night party Farage tweeted [...]
‘Shocking’ transport gap revealed between north and south of UK October 8, 2021 UK think-tank Onward has revealed a staggering gap between the north and south of the UK when it comes to the number of jobs that are easily reachable by car and public transport. Mapping those jobs that can be reached within an hour’s drive or a 90-minute commute, researchers found that some parts of England [...]
TfL and Santander to mark 10-year anniversary of Boris bikes January 7, 2020 Santander and Transport for London (TfL) are set to celebrate the 10th anniversary of so-called “Boris bikes”. The hire scheme – officially known as Santander Cycles – began in July 2010 with 315 docking stations over eight boroughs and was informally named after Prime Minister, and then mayor of London, Boris Johnson. Read more: TfL [...]
33 reasons not to invest in the stock market April 20, 2022 Wars, natural disasters, economic strife, and pandemics – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioral scientists have a name for this: loss aversion. They estimate [...]
If the FCA stays stuck in the past, London will lose capital to European competitors April 14, 2022 Sometimes, when things are not working fully, you have to start from the beginning. Perhaps it was this rationale driving Nikhil Rathi, chief executive of the Financial Conduct Authority, when he made several promises in the regulator’s “three year strategy” almost identical to those made by George Osborne in 2011 when the body was set [...]
Cutting edge tech rarely sits still, so why is ESG slowing things down? November 2, 2022 Dr Chris Kacher turns his attention to energy consumption in world economics and what effect ESG is having on progress.
China: what zero tolerance, supply chain disruption and floods mean for economic growth September 17, 2021 Ongoing disruptions mean that we have lowered our forecast for growth in China this year. Activity lost due to outbreaks of Covid and supply chain bottlenecks will be largely recouped, but the lagged effects of past policy tightening are only just starting to take effect. As a result we continue to expect growth to slow [...]
Named and shamed in ‘global game of chess’: The Russian banks and businessmen the UK has imposed sanctions on February 22, 2022 Five banks named by Boris Johnson earlier today only have a small footprint in the UK, although the largest one Promsvyazbank did have ambitions to float on the London Stock Exchange a decade ago. The sanctions imposed on the five banks and three Russian businessmen are unlikely to have a significant effect on British businesses [...]