City of London

England, United Kingdom

Latest Stories

Deputy Governor warns over City Brexit deal

City of London
Getty Images

Britain is right to push for a permanent access deal for the City in Brexit talks, Sam Woods, deputy governor of the Bank of England and chief executive of the Prudential Regulation Authority, told a House of Lords committee today.

He said the UK "should be concerned" about Europe's power to scrap so-called equivalence status.

It comes after Chancellor Sajid Javid revealed plans earlier this week to demand a "permanent equivalence" in EU negotiations, calling for a long-lasting agreement on market access to financial firms from non-EU member states.

However, the EU's chief negotiator, Michel Barnier, has already poured cold water on UK aims for a long-lasting equivalence deal, telling MEPs in Strasbourg on Tuesday that Britons should "not kid themselves".

City workers out drinking 'preyed on' for laptops

Local Democracy Reporting Service

Police have warned of a spike in the number of City workers being preyed on by thieves during after-work drinks for their work laptops and tablets.

Chief inspector Jesse Wynne of the City of London Police said thieves look at bags left under tables and in corners of bars and pubs as “like shooting fish in a barrel”.

He told the City of London Corporation’s Licensing Committee that such thefts were the “main issue” they are facing in the Square Mile, within the category of so-called “acquisitive crime”.

Mr Wynne told the committee: “Unfortunately, for thieves it’s like shooting fish in a barrel. Eighty-four per cent [of the thefts] are happening in bars and pubs.

“People are coming into licensed premises and leaving a bag, usually containing a laptop, under the table or in a corner of the venue, then finding the bag has gone.”

He also suggested that companies’ willingness to replace stolen laptops means workers don’t feel encouraged to take care of them whilst drinking.

“Criminals come in and integrate themselves with people in the venue, then steal them,” Mr Wynne said.

“One issue we’ve found is that when this happens the worker will go to their company and just be given another laptop. So there’s nothing to dissuade them from leaving their laptops on the floor.”

Vest worn by King Charles I at execution to go on display

Museum of London

A vest which is thought to have been worn by King Charles I when he was beheaded 371 years ago is to go on display as part of a new exhibition at the Museum of London.

The pale blue silk vest has rarely been viewed in public since it was acquired by the museum along with a note of authentication in 1925.

Clothing worn by the Charles I when he was executed for treason outside the Banqueting House in Whitehall on 30 January 1649 was shared among people who were there. His vest given to the physician who attended him.

Other items including the King's gloves and handkerchief will also be included in the Executions exhibition which is due to open on 16 October and will explore the phenomenon of public execution in the capital between 1196 and 1868.

Engraving of execution
Museum of London

Curator Meriel Jeater said: "The exhibition covers nearly 700 years, a time when public executions were more frequent in London than any other town, attracting huge crowds several times a year at locations across the capital".

"Hints of this uncomfortable past can still be seen in the city’s streets today and Executions will allow visitors to explore this grim but fascinating aspect of London’s history through a major exhibition for the first time."

Tickets for it will go on sale on the Museum of London website on Saturday at 09:00 GMT.

Museum of London

One man shot and another stabbed in Enfield

A man was shot and another man was stabbed during what police believe was a fight in north London.

The two victims, both aged 25, were found injured in Alma Road, Enfield, shortly after 18:00 yesterday.

Both were taken to hospital by paramedics. The man who was shot remains in a critical condition while the wounds suffered by the man who was stabbed are not considered life-threatening.

Officers believe they were hurt during an "altercation" between two groups of men and no arrests have been made, the Met said.

London violence 'has cost the capital £3bn'

Crime scene
PA Media

Violence in London has cost the capital £3bn, a City Hall report has found.

Last year 154 people were murdered in London - the highest since 2008.

Findings suggest only a handful of streets and estates across London are at the heart of rising violence and have "links to deprivation".

Two reports commissioned by City Hall's Violence Reduction Unit suggest deprivation and a lucrative drugs market make some communities particularly vulnerable.

It is suggested that costs in 2018-19 for responding to homicides, violence offences, sexual offences and robbery, together with the loss of economic output was £3bn

This took into account the initial emergency service response, police investigations and the criminal justice process.

Ms Peck will be writing to the government to ask for serious case reviews to be conducted whenever someone is murdered to improve understanding of why it happens.

"We're already investing in a programme to drive down school exclusions, provide greater after-school care for young people and support communities who often know what works best in their areas, but don't have the tools or resources to do as much as we would like," she said.

"The reports will help further our understanding and knowledge and reinforces our approach to focusing our efforts on providing interventions in specific local areas to drive down violence."

Man remains critical after Islington double stabbing

An 18-year-old man remains in a critical condition in hospital following a double stabbing in Islington.

Police were called by paramedics to Seven Sisters Road on Wednesday at 16:55 after two 18-year-old men were found suffering from stab injuries.

They were both taken to hospital where one still remains in a critical but stable condition. The other man's injuries are not life threatening, police said.

Det Insp Eliot Porritt said the men had been attacked outside Costa Coffee next to Finsbury Park.

“This is a busy location with numerous transport connections and the incident happened during what would have been a busy rush hour.

"I am appealing to anybody who may have seen or heard anything that may be connected with this event to speak to us," he said.

Tulip skyscraper could bloom after mayor rejection

Local Democracy Reporting Service

Dbox/Foster + Partners

The controversial Tulip skyscraper could bloom in the City after all.

The team behind the Foster and Partners designed 305.3m tall tower have lodged an appeal.

This comes after the Mayor of London Sadiq Khan rejected the plan for the scheme which would dominate the skyline in the City of London.

If it wins the appeal it could be the second highest in the capital – at just a metre less than the Shard in Southwark.

It would also loom over One Canada Square in Canary Wharf, which is currently the second tallest tower in London.

And it would overtake One Undershaft as the Square Mile’s tallest tower.

It had previously been approved by the City of London Corporation which said the building would add to its vision of the Square Mile as a “vibrant” place to visit.

Last July the Mayor criticised the building and said its height, design and appearance “would not contribute to the highest quality of design” required for a tall building in the area.

The dates for the planning appeal hearing are yet to be announced.

Machete attack caught on officer's body camera
A van driver who repeatedly struck a police officer with a machete during a routine traffic stop has been found guilty of wounding with intent.

Nazanin Zaghari-Ratcliffe: PM must be brave over jailed Briton, says husband

Boris Johnson must be "brave" to secure the release of a British-Iranian woman jailed in Iran, her husband has said.

Richard Ratcliffe, who will meet the prime minister later, said he wanted to hold Mr Johnson to a promise he made in 2017 to "leave no stone unturned" to bring his wife home.

Nazanin Zaghari-Ratcliffe, from London, has been detained for almost four years over spying allegations she denies.

Mr Ratcliffe told BBC Breakfast the UK needed to be "much tougher" on the case, while also de-escalating tensions with Iran.

Super-rich elites making London 'off-limits'

Sean Coughlan

BBC News

London's financial district
Getty Images

London has become the "epicentre of the elites" in the UK, making it "off limits" for young people from poorer backgrounds, says a social mobility charity.

The Sutton Trust says the high cost of housing has become a social barrier.

A report, using London School of Economics research, says social mobility is easier outside the capital.

Trust founder, Sir Peter Lampl, said the idea of going to London to "move up in the world" had become "a myth".

The report says it is increasingly difficult for young people to move to London to get the high-paying jobs concentrated in the capital.

"Those that benefit most from opportunities in London were either born there or are the economically privileged from other parts of the country," said Sir Peter.

"London is essentially off-limits to ambitious people from poorer backgrounds who grow up outside the capital."

Full story

London's unemployment rate fell slightly last year


London's unemployment rate fell slightly near the end of last year, the latest figures from the Office for National Statistics show.

The percentage of people in the capital aged 16 years and over who are out of work was 4.3% for the three months ending November 2019, a decrease of 0.3% compared to June to August the same year.

London's employment rate remains to be lower than the UK as a whole. In the capital the rate was 75.6%, while the UK's overall employment rate was 76.3%.

The figures revealed a record number of women in full-time work pushed the country's employment rate to a new high.

Severe accident: A1213 London northbound

BBC News Travel

A1213 London northbound severe accident, at Fenchurch Street.

A1213 London - A1213 Gracechurch Street in City of London blocked northbound at the Fenchurch Street junction, because of an accident. Diversion in operation - bus routes 35, 47, 149, 344 and 388 are being diverted.

To report traffic and travel incidents dial 0330 123 0184 at any time

Woman sought over widespread holiday bookings fraud

Hayley King
Met Police

A 34-year-old west London woman is being sought by detectives in connection with numerous "travel" frauds.

Hayley King, who had been living in the Feltham area, is described as 5ft 10 in, medium build with a scar on her left arm.

It is alleged Ms King made bookings as an "internet travel agent" using a company called Around The World Travel.

Victims would subsequently find no bookings had been made or only a small amount of holiday had been paid for.

Detectives have identified 56 victims of fraud across the country with a loss of around £125,000.

They believe Ms King may have travelled to Fuerteventura in the Canary Islands in March last year and hasn't returned.

Detective Constable Ryan Maginnes of the Met’s Economic Crime Command, said:“We urgently want to trace Hayley King and would ask anyone with information to contact police. If she is abroad you can contact the local force and give them your information.

“We would also ask anyone else who thinks they may have been a victim of this fraud to contact police. It is my fear that there may be other victims who are not yet aware that their holidays have not been paid for. Anyone with information should contact police or Crimestoppers.”

Tech sector 2019 investment 'hit record highs'

City of London
Metropolitan Police

Tech sector investment in 2019 hit record highs in 2019, research suggests.

Investment in UK tech hit $13.2bn (£10.1bn) last year, with the speed of growth faster than both the US and China, and outstripping fundraisers in France and Germany.

The research by Tech Nation and Dealroom also found that venture capital investors increased 44% as they seek to uncover the next Deliveroo or Monzo.

Eight new "unicorns" - companies worth more than one billion US dollars - were created in 2019, including - Rapyd, CMR Surgical, Babylon Health, Sumup, Trainline, Acuris, and OVO Energy.

Digital Secretary Nicky Morgan said: "Our tech companies are not only commanding the confidence of global investors but they are also creating new jobs and wealth across the country.

"It's absolutely vital we maintain this impressive success and in government we are working tirelessly to make sure the conditions are right."