City of London approves new £600m skyscraper with 360 degree roof platform July 25, 2023 The Square Mile will get a shiny new skyscraper by the end of the decade, following planning approval from the City of London Corporation. At 284m, the new skyscraper at 55 Bishopsgate will be one of the tallest buildings in Europe and the third biggest in the City, behind 1 Undershaft scheme (305m) and 22 [...]
Bring Commonwealth Games to London, says capital business body July 23, 2023 London is the “ideal city” to host the 2026 Commonwealth Games, a top business lobby body has said. The £3.5bn, 12-day event was meant to be held in the Australian state of Victoria but premier Daniel Andrews confirmed the region had pulled out after costs tripled. Mayor of London Sadiq Khan has said London “stands [...]
Sexism in the City: MPs to investigate barriers for women and ‘alpha male’ culture in finance July 14, 2023 MPs are set to investigate barriers faced by women in finance, in a new probe into sexism in the City of London. The treasury committee is calling for evidence for its inquiry into progress on ending gender pay gaps and how firms, government and regulators can tackle misogyny and harassment. Harriett Baldwin, treasury committee chairwoman, [...]
Exclusive: City of London Corporation will ‘explain and retain’ two slave owner statues with plaques July 7, 2023 Links to slavery in the Square Mile will be tackled plaques on two statues of controversial historic figures, following a planning application lodged this week. City A.M. can exclusively reveal the City of London Corporation is looking to affix explainers on statues for two-time Lord Mayor William Beckford and former MP and philanthropist Sir John [...]
St Paul’s revamp to create new public square June 22, 2023 St Paul’s gyratory is set to undergo a redesign as part of a drive to create bigger and better public spaces in London. The City of London Corporation has approved project proposals to “partially remove” the gyratory, built in the 1970s, and create the largest public square in the Square Mile. The area between the [...]
Badenoch slammed for ignoring Brexit realities and telling UK firms global trade ‘isn’t too tough’ June 20, 2023 Kemi Badenoch has been criticised by business groups for trying to “shift the blame” after she told British businesses that international trade “isn’t too tough”. The business and international trade secretary said today that the UK has “too many negative tropes about how difficult it all is”. Speaking at the launch of the first e-commerce [...]
BP and Heathrow join new BCC business council pitched as CBI rival June 5, 2023 Top global firms have led the charge to support a new rival to the under-fire CBI lobbying organisation. Energy giant BP, power firm Drax, Heathrow Airport and international hoteliers IHG have become founding members of the British Chambers of Commerce (BCC) business council. The organisation is set to take on the Confederation of British Industry [...]
Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
Sadiq Khan hosts crunch business talks with City figures May 23, 2023 Sadiq Khan has warned London’s businesses are facing “the most difficult period in living memory” as a result of Brexit, the Covid-19 pandemic and the inflation crisis. The Mayor of London has called for the government to devolve some immigration powers to City Hall as a means of tackling regional labour shortages sparked by the [...]
Former CBI boss insists organisation did not have a ‘toxic culture’ May 21, 2023 Former CBI chief Dame Carolyn Fairbairn has insisted the organisation did not have a toxic culture as she broke her silence on the sexual misconduct scandal that has engulfed the body in recent months.