City AM

Around two dozen UK professional football clubs have fallen into arrears over their tax payments. According to findings by chartered accountants Lubbock Fine, at least 21 professional football clubs in the UK have fallen into arrears to the HM Revenue & Customs (HMRC) over corporation tax or VAT. The low profitability of many football clubs, especially those in lower leagues, has made many unable to pay their tax bills on time. Continue reading 👇 https://lnkd.in/eRpU_GnV

When the Covid-19 pandemic struck, it upended industries across the globe. Amid the chaos, the car resale market experienced an unexpected boom, with the value of used cars soaring due to a severe shortage of new vehicles. This shortage was largely driven by a disruption in the supply of essential components, such as microchips, while the Suez Canal block and other logistical challenges hampered the movement of cars. As consumers turned to used cars, it accelerated the growth of a small number of existing car resale companies, which were, for the most part, just spluttering into life. One of these was the British company Motorway. Continue reading 👇 https://lnkd.in/eeMJzvNi

Think your office is full of monkey business? According to a study, that could be a good thing, with new research showing we could learn a few things from our treetop cousins. Analysing the lives of 66 rhesus macaques, growth-minded scientists looked to discover what traits made for a good leader. The results? Revealing. We’ve examined the science. Here’s what to learn from the best monkey leaders. Continue reading 👇 https://lnkd.in/eunUCbMG

Summer will descend upon London for at least a couple of days so you better make sure you make the most of it! Here’s our expert guide to the best things to do in London this weekend in the sun, from dinosaurs outside the Natural History Museum to a seascape at Big Penny Social in Walthamstow. Continue reading 👇 https://lnkd.in/eHTw5qRh

SPONSORED || Today, The Lord Mayor's Appeal premieres a brand-new video ‘We Can Be: A Supporter’ telling the stories of some of 2024’s key #WECANBE business hosts including Florrie Engleback from Linklaters and Sonia Rossetti from Standard Chartered Watch 👀 the video now and learn why City businesses should be signing up to We Can Be 2025 https://lnkd.in/efUviPvf Read here 👉 https://shorturl.at/iAjvW #ABETTERCITYFORALL

With news yesterday that the UK has become the first European country to approve the use of lab-grown meat, the investment industry should be taking this as a win. The Animal and Plant Health Agency and the Department for Environment, Food and Rural Affairs approved a pet food product from the company Meatly today, which produces cultivated chicken meat. Meatly is backed by Agronomics, an Isle of Man-based venture capital firm with a 40 per cent stake in the firm that has also funded companies like California Cultured, which produces cell-cultured flavanol cocoa powder. ✍️ Elliot Gulliver-Needham Continue reading 👇 https://lnkd.in/eBgnX6t9

8 Canada Square – currently the headquarters of HSBC – will be transformed into a new-look, re-imagined multi-use skyscraper once the bank leaves its Canary Wharf headquarters. The global bank is moving to the Square Mile in 2027 as part of a company refresh. And this morning Canary Wharf Group announced a plan to overhaul the building into a building which it says will “include best-in-class workspaces, leisure, entertainment, education, and cultural attractions.” ✍️ Andy Silvester Continue reading 👇 https://lnkd.in/eQuEEa9Y

The highly anticipated Employment Rights Bill will cause a “sea change for employers” as employment lawyers react to what the changes will mean for businesses. The Bill promises reform including banning exploitative zero-hour contracts, ending fire and rehire, and making parental leave, sick pay and unfair dismissal protection available from day one. As David Greenhalgh a partner at Excello Law noted, this Bill “signals a new era for employee rights, tipping the scales away from big business towards employees.” ✍️ Maria Ward-Brennan Continue reading 👇 https://lnkd.in/erwNfXp9

A Shropshire private school that has boasted it would not pass on Labour’s planned VAT hike to fee-paying parents is being propped up by Chinese investors, City A.M. can reveal. Adcote School, an independent school for girls, courted controversy in April for funding a motorway billboard saying “VAT? What VAT?” to advertise its decision that it will absorb the cost of the VAT hike if introduced. But amid concerns that Labour’s policy, which was confirmed in Wednesday’s Kings Speech, could result in an exodus of students to the state sector, questions are swirling about how the institution intends to cover the costs itself. ✍️ Charlie Conchie ✍️ Guy Taylor Continue reading 👇 https://lnkd.in/eAk_YGkJ

Sir Keir Starmer will pledge to reset Britain’s relationship with Europe, vowing to put a fresh emphasis on border security at the heart of ties with the continent. The Prime Minister will speak to world leaders at the European Political Community (EPC) summit hosted at Blenheim Palace today. Addressing the heads of European Union (EU) institutions, the leaders of NATO, the Council of Europe and the Organisation for Security and Cooperation in Europe (OSCE), Sir Keir will say: “We cannot let the challenges of the recent past define our relationships of the future. ✍️ Jessica Frank-Keyes Continue reading 👇 https://lnkd.in/egYGR7s5