City

How will the City fare in 2025? You’d better ask Donald Trump

Whether London booms or busts this year will depend on what he does in office

4 min read

'As we go into 2024, we are seeing a promising direction of travel'

Banks and fund execs split on London’s chances of staying on top

Bank executives are the most bullish about the UK's future prospects

3 min read

Bim Afolami called for regulatory reforms to the UK’s financial system when writing for Financial News in march

Bim Afolami appointed as City minister in Rishi Sunak’s reshuffle

Ex-HSBC executive and ex-Freshfields lawyer Afolami takes City brief in reshuffle

2 min read

The employment market for City jobs comes amid rising inflation and a slump in M&A activity, depressing particular roles in banking and legal services

City jobs slump by almost a third amid spike in candidates seeking finance roles

Those that moved to different jobs saw an 18% change in their salaries, 'the lowest salary increase expectations in almost two years'

2 min read

London mayor Sadiq Khan called on the government to change its immigration system so that it 'meets our economic needs'

London mayor calls for equivalence for the City, slams ‘no-deal Brexit’ for finance

'The final Brexit deal was effectively a no-deal Brexit for finance...this was a major mistake,' said Sadiq Khan

2 min read

In pictures: Traders return to the London Metal Exchange’s Ring for the first time in 18 months

Traders returned to the London Metal Exchange's iconic ring for the re-opening on 6 September, armed with face shields, hand sanitisers and Covid tests

2 min read

Chancellor Rishi Sunak, who started his career at Goldman Sachs and later worked at hedge funds, said being in the office was key for junior staff

Chancellor Rishi Sunak says ‘gradual’ return to the office is now up to businesses to figure out

Chancellor says it is important for junior staff to be able to go to the office and learn from their colleagues

2 min read

The City could get a tax carveout if UK politicians get their way

UK presses G7 to exempt City from global tax

Fears minimum tax rules could shift UK banks’ tax base overseas

5 min read

Lord Mayor of the City of London William Russell toasts the reopening

The City reopens: Damp squib or Big Bang?

Our correspondent tours the Square Mile as restrictions are lifted

5 min read

IN PICTURES: Beginning of the end of lockdown? The City awakens from the slumber of the past 14 months

Chefs are busy, tube station traffic is slowly ticking up and indoor hospitality returns City patrons to their favourite haunts as lockdown rules cautiously change to restart the UK's economy

Indoor dining will be resumed  in the City next week as the UK enters the next stage of lockdown relaxation

‘It’s going to be the Roaring ’20s’: City venues brace for return of revelling bankers

The pandemic has been tough for the City’s hospitality sector, and bankers are eager to soon toast their successes in the flesh

London Mayor Sadiq Khan

Sadiq Khan wins second term in tight London mayor race

Khan comes out on top in London election bid

City of London Corporation's Chair of the Policy and Resources Committee Catherine McGuinness, said office space continues to be in demand but businesses were moving towards a hybrid model of both home working and using the office for collaborative working and training.

City of London expects bulk of office workers to return, says Catherine McGuinness

'We are expecting that buzz and vitality to return and can't wait to see it'

Businesses and the public have 16 weeks to respond to the report and the government has committed to legislating on the issue

‘Once in a generation opportunity for audit transformation’ – City reacts to audit reform plans

This is what the City makes of government's proposals to shake up the audit sector

3 min read

The City looks set to struggle as the UK is behind the US’ total number of listed foreign companies and Hong Kong for its increasing number of foreign IPOs, while London also has the slowest broadband speeds of all global financial centres

Challenges for City post Brexit as London clings to crown as a ‘leading’ financial centre

The City of London Corporation's report said that the UK government had to be more 'predictable, stable and strategic'

3 min read

State-of-the-art building 1 Leadenhall is to become the new home of US law firm Latham & Watkins

Latham & Watkins moves into 1 Leadenhall

Move comes as Brookfield boss says workers will return when pandemic is over

2 min read

Chancellor of the Exchequer Rishi Sunak, is expected to chair a committee that will work to remove red tape and unnecessary regulation that originated in the EU, from the UK's rules for the financial services sector

City to Treasury: No bonfire of EU rules please

'Both City and regulators are on a policy journey which will depend as much on what the EU does as on the historic positions of City institutions and the UK authorities'

6 min read

‘The death of the city being overblown’, Canary Wharf strategy exec says

There are currently only 5,000 people working in the east London hub, as opposed to over 100,000 under normal circumstances

2 min read