City invests £11.4m to help rough sleepers

A 24/7 assessment hub for rough sleepers in the Square Mile and a new 30-bed hostel have been given the green light. The City of London Corporation’s Court of common Council, the authority’s top decision-making body, backed the £11.4m plans earlier this week. As deputy chairman I am proud to have worked with fellow councillors on the City’s homelessness and rough sleeping Committee to succefuly argue for this investment and new approach.

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London is open

The proportion of workers in the City of London’s financial services sector born outside the UK jumped to 36% in 2019, up from 32% a year earlier, according to new data from the ONS. Now more than ever it’s essential that the UK remains open to international talent in order to compete on the world stage. As Catherine McGuiness, Policy Chair at the City of London Corporation, said the City will continue to recognise the vital contribution that international workers make to our local economy and community.

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Financial services sector contributes £75.5bn tax

Figures released by the City of London Corporation shows that despite considerable business uncertainty over the last year, the tax contribution made from the UK financial sector has remained broadly steady at an estimated £75.5bn – a small increase from last years’ £75bn. That accounts for more than £1 in every £10 paid to the government.

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FT reports “City grandees under fire over gay candidate’s lord mayor interview”

Happy New Year! This week the Financial Times and other newspapers reported that concerns have been raised over interview questions asked of a gay candidate for Lord Mayor of London. The process which determines who holds the 830-year-old title has been sharply criticised – and rightly so.  

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