All hail Rayner, destroyer of NIMBYs December 10, 2024 Since Christmas is a time for hope, it’s worth appreciating the good news when we see it. The business community’s frustrations with Labour are well documented and easy to understand, but even its fiercest critics tend to concede that one area stands out as a bright spot in an economic landscape marred by tax increases: [...]
Post Office predicts record-high £1bn in cash withdrawals ahead of Christmas December 10, 2024 The Post Office is predicting a record-high number of personal cash withdrawals this month, reaching upwards of £1bn. The prediction exceeds last year’s record-breaking numbers during the festive shopping season, with December 2023 seeing a total of £930m in cash withdrawals. A total of £916m in personal cash was withdrawn in November, the latest figures [...]
Airlines battle for a slice of the Arctic – who stands to gain? December 10, 2024 Demand for Arctic travel is booming, driven by attractions such as the Northern Lights. Who stands to gain?
Starmer’s ‘tax-take’ Britain will see us take a back seat in the looming tech revolution December 10, 2024 Starmer’s tax hikes and half-baked policy aims are squeezing the last drop of entrepreneurial zeal Britain has, just as the world embarks on the greatest technological revolution for two centuries, warns billionaire tech VC and philanthropist Tej Kohli. The Prime Minister’s refusal to rule out further tax hikes on top of those he’s already imposed [...]
Labour’s business backers – where are they now? December 10, 2024 Labour won the public backing of over 120 business chiefs in a letter before the election – but the enthusiasm of those executives appears to have dimmed since then. City AM tried to track them down. It was a letter that seemed to signal a tectonic shift in British politics when it landed in newspapers [...]
Gary Lineker won’t be the last celebrity to fall foul of HMRC December 10, 2024 With the government’s efforts to close the tax gap, high profile individuals like celebrities, athletes and entertainers, are increasingly finding themselves under HMRC’s scrutiny, says Phil Clayton Gary Lineker is making the headlines once again – this time as a result of HMRC’s continued efforts to overturn the First Tier Tribunal’s (FTT’s) decision on £4.9m [...]
The Notebook: Doom spending, girl math, and the impact of financial social media trends December 10, 2024 Many of us have heard the term ‘doom scrolling’ – where you feel like you’re mindlessly scrolling through social media, and I think we can all agree that you never feel better after it. But I hadn’t heard of the term ‘doom spending’ until recently. It’s a newer trend on social media which essentially glamorises [...]
Best Bingo Sites: The Best UK Online Bingo in 2024 December 9, 2024 Online bingo is one of the most popular games in the gambling industry. However, with so many choices, finding the right bingo site can be challenging. At City AM we have reviewed and carefully selected what we believe to be the top UK bingo brands. We’ve picked out the sites that offer the biggest [...]
London house prices reach ‘unaffordable’ levels – even for top earners December 9, 2024 Even the richest people in London are being priced out of the property market as house prices reach record levels, the Office for National Statistics has found. “In London, the average home was not affordable for any household income decile,” the statistics watchdog said in its latest Housing Purchase Affordability index, using 2023 data. The [...]
I drove a Rolls-Royce Spectre through a super storm December 9, 2024 It’s chucking it down in the airport pick-up zone, the soundtrack a cacophony of announcements, slamming doors, rat-a-tatting wheelie-suitcases, flapping umbrellas and the dull drone of aircraft taking off and landing. The waiting Rolls-Royce’s door closes behind me, and, cosseted inside a shell of black and Tango-orange, things are dramatically different. Rolls-Royce enjoyed record sales [...]