BUSINESS WITH PERSONALITY MEETING THE FOOTBALL RICH LIST MARQUE OUR WHICH CLUB IS TOP TAKE ON THE OF THE LEAGUE? P26 NEW LOTUS P24 TUESDAY 14 JANUARY 2020 ISSUE 3,533 CITYAM.COM FREE BORIS BOUNCE General Election FLYMAYBE provides sellers with helping hand TROUBLED AIRLINE IN TURMOIL AS IT SEEKS A MULTI-MILLION-POUND TAX BILL DELAY FROM MINISTERS ALEX DANIEL The broadcaster said business letter from Anderson, which @alexmdaniel secretary Andrea Leadsom and refused to give them any transport secretary Grant Shapps further details and warned FLYBE’s chief executive Mark Anderson will meet chancellor Sajid Javid against “unhelpful and yesterday pleaded with employees not today to discuss a potential funding unproductive speculation”. to speculate on its financial situation, as package, and a deferral of the tax bill “I do appreciate that the the struggling airline remained tight- until 2023. headlines some of you have lipped on reports that it is hurtling Big Four auditor EY is said to have already read are disturbing but I want JESS CLARK which point it picked up following towards collapse. been put on alert to handle an you to know that we are determined to @jclarkjourno Boris Johnson’s election victory. Europe’s biggest regional carrier was administration process. Flybe’s financial do everything we can to make this Meanwhile the UK’s housing stock rocked after a fresh battle for survival difficulties come just four months on work,” he said. THE RESULT of the General Election reached a record value of £7.39 emerged on Sunday night, less than a from the fall of Thomas Cook, which the A consortium including Virgin Atlantic, “prompted a strong close to the trillion last year, according to the year after a buyout by a consortium led government refused to bail out. Cyrus Capital and Stobart Group year as confidence to transact firm’s latest research. by Virgin Atlantic. However, Anderson Representatives for the Department acquired Flybe’s assets in March. returned to the market”, estate Total gains last year hit £101.8bn — insisted that it is business as usual. for Transport and the Department for Since then, neither Virgin or Flybe agent Savills said yesterday, a rise of 1.4 per cent — and the value The company is trying to convince the Business, Energy and Industrial Strategy have released financial results for the heralding a strong start to 2020 for of housing in the UK increased by government to provide a rescue deal, declined to comment yesterday. firm. However, Virgin Atlantic boss Shai property in London and beyond. £2.74 trillion in the last 10 years. with reports by Sky’s Mark Kleinman A spokesperson for Flybe also refused Weiss told City A.M. in October that to Savills said Brexit uncertainty had Over the decade, London and the late last night claiming the airline is to comment on the reports, but stopped “keep Flybe flying” was still a priority. suppressed activity in both the UK south of England accounted for 73 seeking to defer its annual multi- short of denying the claims. commercial and residential markets per cent of all value gains with a million-pound air passenger duty bill. Flybe’s 2,400 employees received a £FLYBE: ALL YOU NEED TO KNOW: P5 until the middle of December, at total of £2 trillion. Foreign secretary trades barbs with Iran as tensions continue to mount CATHERINE NEILAN since the killing of Iranian general developing weapons. an Iranian missile. “Any new mistake of Britain will @CatNeilan Qasem Soleimani by the US, is still Tensions between the two Raab summoned the Iranian be severely confronted by Iran and seeking an independent inquiry countries worsened over the ambassador to the Foreign Office London will be responsible for FOREIGN secretary Dominic Raab into the Ukranian Airways crash, in weekend, after UK ambassador Rob yesterday to “demand an apology that,” the ministry said, according yesterday warned Iran of further which four Britons died. Macaire was arrested and held and seek assurances full assurances to Iranian state TV. political and economic isolation if Brits are currently not illegally for three hours. Iran said this will not happen again”. Raab said yesterday Macaire’s the country does not start charting recommended to travel to Iran, it was the result of Macaire Following the meeting, Iran’s arrest was “a flagrant violation of “a peaceful way forwards”. which has unilaterally pulled back attending a public vigil to pay foreign ministry issued a strong international law”, adding that The government, which has been from a major nuclear deal, which respect to the victims of Flight 752, statement, warning the UK not to security measures for the embassy urging a de-escalation of tensions restricted the country from which was accidentally downed by make any further missteps. were under review. FTSE 100▲ 7,617.60 +29.75 FTSE 250▲ 21,716.76 +150.09 DOW▲28,97.05 +83.28 NASDAQ▲9,273.93 +95.07 £/$▼ 1.298 -0.008 £/€▼ 1.166 -0.009 €/$▲ 1.114 +0.002 02 NEWS TUESDAY 14 JANUARY 2020 CITYAM.COM MOVING ON UP The Museum of London unveils plans for long- awaited move into Farringdon’s Grade II-listed Smithfield Market THE CITY VIEW Boardroom shakeup at Buckingham Palace SHOCK decision that caught the establishment by surprise led to rancour, division and a nation divided. Now, after Ahectic negotiations during which the media lapped up spin from each side, it looks as if a Canada-style deal is on the cards — following a pragmatic transition period. But this ain’t Brexit folks, it’s the modern monarchy and its growing pains have become audible. More accurately, these are shrinking pains — since the top executives at the firm (better known as Her Majesty the Queen, the Prince of Wales and the Duke of Cambridge) decided last year to focus on a slimmed-down Royal Family, focusing on the immediate heirs. The streamlining of the board was made easier (though doubtless it didn’t feel like it at the time) by the epic fall of Prince Andrew, who decided to THE MUSEUM of London has submitted its plans to relocate to Smithfield Market, claiming the new site could become one of the make his case directly to shareholders only to find his value capital’s top 10 tourist attractions. The designs, submitted to the City of London Corporation, preserve the facade of the tank once he opened his mouth. building, with the building’s “cavernous and atmospheric spaces” to be used for displays, exhibitions and events. His disastrous Newsnight interview meant he had to clear his desk without so much as a farewell drinks party. Within the The Royal plans for Monarchy 2020 there Russian hackers was surely room to accommodate family is UK economy in the wishes of the Duke and pragmatic - target Biden’s Duchess of Sussex to take ruthlessly so voluntary redundancy. Indeed, the Palace has let it be known that discussions about Harry and surprise shrink Ukrainian firm Meghan’s future role were very much on the cards. Despite rumours of a tell-all interview, we may never know why the EMILY NICOLLE Sussex sub-branch decided to unilaterally announce a split from ANNA MENIN win in mid-December has cheered @emilyjnicolle HQ, but the Royal Family is pragmatic (often ruthlessly so) and AND HARRY ROBERTSON many businesses, according to various RUSSIAN military hackers have the Queen, despite being shocked by the behaviour of her surveys, leading some to predict an been conducting attacks on the @annafmenin @harrygrobertson grandson, issued a memo to all heads of department in which economic bounce. Ukrainian gas firm at the centre of THE UK economy fared much worse The official data showed that pro- US President Donald Trump’s she demanded solutions, not problems. The result was than expected in November as it duction declined 1.2 per cent during impeachement trial, it was revealed yesterday’s Sandringham summit. There were no ACAS struggled with political uncertainty, November, while manufacturing in the early hours of this morning. mediators, but it seems a plan is developing. The Queen said in a official data revealed yesterday, lead- dropped 1.7 per cent. First reported by the New York statement last night that “we respect and understand their wish ing to a surge in expectations that the Britain’s usually resilient services sec- Times, the hacking attempts were Bank of England (BoE) will cut interest tor, which accounts for more than 75 conducted against Burisma, the to live a more independent life” and that there will be “a period rates at its next meeting. per cent of the economy, also con- company where Democratic of transition in which the Sussexes will spend time in Canada British GDP fell 0.3 per cent in tracted in November, by 0.3 per cent. presidential candidate Joe Biden’s and the UK”. Crucially, the Queen acknowledged that the Duke November, the Office for National Sta- Philip Shaw, economist at Investec, son Hunter served on the board. tistics (ONS) said, undershooting ana- said: “We are not convinced that this The attacks have been ongoing and Duchess “do not want to be reliant on public funds in their lysts’ predictions of stagnation. The is a temporary, Brexit related occur- since November, according to new life”. As is so often the case, money will be the sticking year-on-year growth figure of 0.6 per rence following the passing of Octo- cybersecurity researchers, as news point of these negotiations. Harry and Meghan can’t just launch cent was the worst since 2012. ber’s deadline.” regarding the impeachment a clothing line and tout for voiceover work.