Hannah Brenton
The City of London rejects its latest Brexit benefit
LONDON ― It should be a dream Brexit scenario for the City of London: a chance to break away from the EU and move closer to the U.S.The square mile has been offered the opportunity to modernize with New York and immediately reap the benefits of a faster-m...
6 months ago
Flip-flopping Tories freeze City of London’s green ambitions
LONDON — It's the City of London's turn to see its green ambitions put on ice.With an election looming this year, Rishi Sunak's Conservative government has already delayed plans to phase out diesel cars and gas boilers. The City, Britain's financial servi...
5 months ago
Liz Truss makes Andrew Bailey look good, again
It should have been a terrible week for the governor of the Bank of England. But Liz Truss saved him — and it’s not the first time.It wasn’t Truss’ intention. The ex-prime minister this week called for Andrew Bailey’s head and demanded a “proper investiga...
5 months ago
Britain’s begging tech giants to list in London. Good luck with that.
LONDON ― The U.K. wants to save its once-mighty stock exchange from irrelevance. But it's fast running out of levers to pull.Once a symbol of Britain's global might, the London Stock Exchange’s waning strength is now a worrying emblem of decline for the C...
4 months ago
The UK’s first rate cut in four years is awkward for Labour
LONDON — The Bank of England just made things awkward for Britain's new Chancellor Rachel Reeves.The U.K. central bank cut the Bank Rate by 0.25 of a percentage point to 5 percent, the first cut since 2020.But while Brits may cheer the prospect of mortgag...
2 months ago
The secretive €6M EU lobby group paying for lawmakers to stay in fancy hotels
LONDON ― An opaque self-styled "think tank" that offers businesses access to EU politicians and regulators has raked in almost €6 million in fees from the finance industry, POLITICO can reveal, fueling concerns about lack of transparency and cash-for-infl...
1 month ago
The City of London is left out of Brexit discussions. Again.
The U.K. and the EU are finally talking again. But the City of London is still out in the cold.Despite being the U.K.’s most globally important industry, accounting for 12 percent of GDP and providing 2.5 million jobs, the finance sector is stuck on the s...
1 week ago
Woke guns? Banks want weapons badged as a social good
Brace for the latest round of the never-ending culture wars — this time with bombs.Britain's financial powerhouse, the City of London, is pushing to label money flowing into weapons-makers as eco-friendly. It risks igniting another debate about “woke” cul...
2 days ago