City of London launches grant scheme for Omicron-hit Square Mile businesses January 18, 2022 Retailers and hospitality businesses that have been hit by a collapse in footfall due to work from home guidance will be able to apply for a grant from the City of London Corporation, it was confirmed last night. The Corporation, the Square Mile’s governing body, has put in the majority of the money behind the [...]
London boroughs sound the alarm bells as skyrocketing inflation is eating £400m hole into budget June 20, 2022 Skyrocketing inflation is driving £400m of additional budget pressures on boroughs in the capital, London Councils warned this morning. Although the government increased local authority funding this year, fast-rising inflation has effectively cut £100m from the financial uplift boroughs received for 2022-23. London Councils, a cross-party group representing all 32 boroughs and the City of [...]
If time is money, volunteering should form a central part of our economy and careers June 6, 2022 IT IS sobering to imagine what would become of the UK if, one morning, all its 16.3 million volunteers woke up and decided to no longer offer their support. Businesses, charities, community services, healthcare – every part of our economy would grind to a halt with the realisation of how much we take these dedicated [...]
‘Grave concerns’ over multi-million pound cuts to City of London Police June 28, 2021 The City of London Police Federation pushed 125 elected representatives to pressure the City of London Corporation to rethink £2.3m of cuts to the force. In a letter sent to 25 aldermen and 100 councillors in the City, chairman of the City of London Police Federation Mike Reed said the body had “grave concerns” over [...]
Back Haiti earthquake relief effort, urges City Corporation September 3, 2021 The City of London Corporation has donated £25,000 to a fund set up to support the aid effort in earthquake-hit Haiti – and is urging other City organisations to play their part. The donation to the British Red Cross Haiti Earthquake Appeal from the City Corporation’s International Disasters Fund will help provide urgent relief to [...]
Gove the gardener: Are plans for a Tulip tower in London set to bloom again? October 17, 2021 Tulip fever is heading to London, with housing secretary Michael Gove tipped to overule London mayor Sadiq Khan’s decision to squash plans for a flower-inspired skyscraper in the City. Gove is expected to give the plans for a 300m tower the OK, the Telegraph reported, which would overturn Khan’s 2019 decision against the Tulip. At [...]
To attract and retain the best talent, the Square Mile must break down class barriers August 8, 2022 Later this month, young people across the country will be opening their exam results and looking ahead to an exciting future. I hope that many of them will eventually choose to forge a career in the Square Mile, just as I did a few decades ago. City firms try to attract the best talent to [...]
Keeping the crown on: the drive for social mobility in financial services May 4, 2023 Who has been watching ‘The Gold’ on BBC iPlayer? Aside from it being a great bit of TV, there was one quote that stuck in my mind. “I do a lot of reading, Micky, about England, about the way it was. And the funny thing is, right, this country, it wasn’t always like this, there [...]
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
New report outlines how to deepen UK-India capital market links July 1, 2021 A new report released today [1 July 2021] calls for the development of a deep, liquid corporate bond market in India to fund the country’s large infrastructure investment needs and its transition to a low carbon economy. Unleashing the potential of the Indian Debt Capital Markets is the first report by the City of London Corporation [...]