City of London

Why lawyer Keir Starmer could struggle to restore the city’s swagger

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Painful new taxes were introduced under the Conservatives. The bank levy brings in around £1.5 billion a year to the Treasury. The bank surcharge, introduced to prevent lenders benefiting from corporate tax cuts, has raised £2.5 billion in the 2022-2023 period, although that revenue is declining now that corporation tax has risen again. Matthew Lesh … Read more

How the ‘woke capitalist’ gravy train shuddered to a halt

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McKinsey stated in 2019 that 90% of America’s 500 largest companies are now preparing an ESG report – reams of paper meant to prove that the companies are saving society and the planet. Consultants and analysts also spend a lot of time arguing that ESG is a more profitable way to invest. In a series … Read more