UK ”punches above its weight” on regulation says City of London Corp June 6, 2016 The UK is able to “punch above its weight” in steering EU financial regulation according to research from the City of London Corporation. Following research based on interviews with policymakers, legislators, lobbyists and other key players, the City cited five pieces of European regulation, finding in each the UK had influenced rules. The City corporation added [...]
Is a hard Brexit looking increasingly likely? September 12, 2016 Alex Deane, common councilman in the City of London Corporation and managing director at FTI Consulting, says Yes. Those obsessing about “the deal” we get with the European Union miss some basic truths. People and companies trade with one another, not nations. We are highly successful in economic relationships entirely without a trade deal: we have no [...]
Labour’s Robin Hood tax plans: Pensioners will suffer as levy erodes retirement pots, says asset manager May 15, 2017 Pensioners will be hit hardest by Labour plans to introduce a Robin Hood tax, one of the UK’s leading asset managers has said. On Sunday the Labour party revealed plans to raise £4.7bn by changing stamp duty levels on shares and introducing a levy on other financial instruments such as derivatives. Today the chief investment [...]
Chancellor Hammond must focus on the quality of infrastructure spending, not its quantity November 22, 2016 Keynes is back, or so it seems. Both left and right wing movements across the West are calling for greater government borrowing to finance infrastructure projects. In the US, Donald Trump is proposing to invest $500bn. In the UK, Labour’s John McDonnell wants an even more lavish £500bn programme, equivalent to around a quarter of [...]
WeWork snaps up 280,000 square feet of space in South Bank for setting up the largest co-working space in the world June 7, 2017 US shared office group WeWork has agreed to lease 280,000 square feet near Waterloo station to set up the world's largest co-working space. Owned by property giant Almacantar, the space at Two Southbank Place was let as part of London's largest leasing agreement this year so far. WeWork has 12 locations in the capital and [...]
Stop flapping: The government’s direction of travel on Brexit couldn’t be any clearer October 24, 2016 Uncertainty in the face of great change is no fault. On the other hand, it is a fallacy – in business, in politics, in life generally – to think that, just because one doesn’t know something, it isn’t knowable. As copious comments given to City A.M. in recent days have made clear, some say that [...]
London will remain a world-leading city because of its world-beating talent September 12, 2016 When people think of London, our city’s iconic buildings, red buses, black taxis, and vibrant cultural scene often come to mind. But the capital offers so much more than that, with PwC finding in a recent report that London, for the second year in a row, is the world’s number one place for companies to do [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]
The reason your taxi driver won’t go south of the river for three months (not across Tower Bridge anyway) June 2, 2016 If your travels around London regularly take you across the Thames, you'll have one less travel option come October, as Tower Bridge closes for three months. Tower Bridge Road will be shut to vehicles from 1 October while repair and maintenance work is carried out, the City of London Corporation announced today. "This decision to close Tower [...]
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate March 15, 2017 A $1bn (£818.8m) energy fund backed by Saudi Aramco, BP and eight other global oil majors will make London its home in a new vote of confidence for the City post-Brexit. Oil and Gas Climate Initiative's (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over [...]