Big Bang 2.0: Financial institutions welcome Jeremy Hunt’s Edinburgh reforms December 10, 2022 Leading financial institutions have welcomed Chancellor Jeremy Hunt’s Edinburgh reforms, which set out to “turbocharge” the UK’s growth. Announced yesterday, the plans aim to “seize the benefits of Brexit” by delivering the biggest shake-up in the financial sector for 30 years. According to UK Finance’s chief executive David Postings, the package is “a major step [...]
Billionaire Issa brothers split up as Asda takeover announced June 7, 2024 Asda is to get a new majority owner after one of the billionaire Issa brothers agreed to sell his stake, it has been confirmed.
The Notebook: It may not be popular, but tackling the housing crisis requires helping landlords too June 4, 2024 Tackling the housing crisis is no easy matter, and it requires radical change on all fronts, writes David King in today's Notebook.
Car production surges by a third on EV demand as sixth month of growth signals recovery August 31, 2023 Car production in the UK surged in July, rising by nearly a third to mark its sixth consecutive month of growth and driven by a flood of electric vehicles (EV) entering the market. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) showed 76,451 vehicles rolled off factory lines in the UK, [...]
Storm Henk will spike insurance claims this time, but extreme weather events require longer-term thinking January 5, 2024 Storm Henk will undoubtedly cause a spike in insurance claims, but response to rising extreme weather events require a new approach going forward, experts have warned. The storm that battled the UK this week has caused flooding, damaged property and delays to travel as a result of rain and winds up to 80mph. This will [...]
Cheers to that! Square Mile to welcome five new pubs for returning City workers December 18, 2023 Surging use of the London Underground, and the Elizabeth Line in particular, has lifted demand for new hostelries
IMF: Risks to financial stability have ‘increased rapidly’ but won’t threaten fight against inflation April 11, 2023 Risks to financial stability have “increased rapidly” since October last year but they were unlikely to be big enough to distract central banks from fighting inflation, the International Monetary Fund (IMF) said today. The global economic watchdog’s biannual financial stability report pointed to a range of different threats to financial stability following the turmoil in the banking [...]
Government’s aid investor: Why only the private sector can lift people out of poverty July 11, 2023 In 1948, the chair of the Colonial Development Corporation Lord Reith described the newly formed state-backed body’s role as to “do good without losing money”. Since then it has been through a number of understandable rebrands and rejigs. It swapped its title for the Commonwealth Development Corporation in 1963, before winning a mandate from government [...]
Here’s what the City of London skyline will look like in 2030 November 1, 2023 The City of London corporation has released visualisations of what the City's transformation by 2030, with the Walkie Talkie building dwarfed by an array of new skyscrapers.
US-UK special relationship? It’s London and New York firms keeping it alive December 11, 2023 London and New York are twin pillars of the global financial system, we gain everything from helping each other, writes Chris Hayward.