Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
BT Sport and Sky Sports consult on freelancer day rates as watchdog continues probe on ‘cartel’ July 21, 2022 BT Sport and Sky are said to have consulted on day rates for freelancers just as the UK competition watchdog continues its investigation into potential collusion in sports broadcasting.
Online Safety Bill: UK tech superpower dreams could be crushed by over-regulation August 24, 2023 New rules in the European Union’s Digital Services Act (DSA) are set to come into force tomorrow, while the UK’s Online Safety Bill (OSB) remains mired in parliamentary proceedings, reigniting the regulation debate among tech companies and industry experts. The OSB, which aims to enhance online safety and security for users within the UK, is [...]
Dorries takes aim at GDPR with fresh data laws June 16, 2022 Nadine Dorries has continued to pave the way for the post-Brexit digital landscape this evening, emphasising the UK’s departure from EU bureaucracy. In its fresh consultation released tonight, the government have set out how the Data Reform Bill announced in this year’s Queen’s Speech will strengthen the UK’s data protection standards while reducing burdens on [...]
Government’s consumer protection push criticised for moving too slowly May 10, 2022 Despite making grand gestures about protecting consumer and business rights under the draft Digital Markets, Competition and Consumer bill, the government have come under fire from critics for acting too slowly.
City Moves: Who’s switching jobs in the Square Mile? April 19, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bovill Financial regulation consultancy Bovill has hired a new partner – an ex-UBS money laundering expert who returns after a three-year hiatus. Mark Spiers, who brings more than 20 years’ experience in the industry, was previously part [...]
Johnson has called time on Covid-19 laws but it will come at employers’ expense February 22, 2022 Yesterday, Boris Johnson set out the government’s vision on “living with Covid-19”. The main announcement was the end of the legal requirement to self-isolate if positive. By the end of this week, people will only be “advised” not to leave home if they have the virus. This signals a shift from “state mandated” rules to [...]
Better regulations, not more, are the answer to greenwashing controversies January 7, 2022 Last year, we talked a lot about climate action and what the financial industry could do to make a difference. At Cop26, the former governor of the Bank of England Mark Carney unveiled his brainchild for combating climate change: the Glasgow Financial Alliance for Net Zero. At the time, Carney boasted $130tn mobilised in pursuit [...]
Compensation scheme that cost £23m to set up has yet to pay any redress April 28, 2021 A compensation scheme for victims of banking scandals that cost millions of pounds to establish is yet to pay out even a penny in redress. The Business Banking Resolution Service (BBRS), which was formed in 2019 and cost £23m to set up, has run up huge bills for staff and third-party advisers, but is yet [...]
Scantily clad CMA guidelines will do little to fend off greenwashing on our high streets and in our banks October 5, 2021 restore it. The term greenwashing wasn’t invented by the environmentally active Gen Z or even the older cohort of millenials. It dates back to 1986 when American environmentalist Jay Westerveld used it to describe hotels asking their customers to reuse towels to limit water usage while they abused neighbouring nature areas for their premises. Washing [...]