Page 4 | 12 - 18 April 2017 News <strong>Matters</strong> Court date for fake death duo A MOTHER and son have been charged after allegedly conspiring to fake the mum’s death in Zanzibar. <strong>City</strong> of London Police have been investigating the case and said the pair were in line to make £140,000 from a fraudulent life insurance claim. Arafa Nassib, 45, and 18-year-old Adil Kasim will appear at Birmingham Magistrates’ Court on 3 May. Kasim was arrested by officers on 22 December last year after her insurance company referred suspicious activity to the Square Mile’s insurance fraud enforcement department a month previous. Nassib was picked up by officers on 8 February of this year when he returned to the country from Canada. Something to share? Send your <strong>City</strong> of London stories to jo@citymatters.london <strong>City</strong> may say guten tag to Deutsche Bank HQ DEUTSCHE Bank has given London a major boost by entering into talks to open a new HQ in the <strong>City</strong>. Developer Land Securities is reported to be in exclusive discussions with the German giant over a pre-let at its planned Moorfields development. In a leaked memo to staff, the bank’s UK chief executive Garth Ritchie said: “The move underlines the bank’s commitment to the <strong>City</strong> of London and the importance it attaches to being an employer of choice in the Capital. “It will advance the bank’s strategic goals of increasing efficiency, reducing complexity, and strengthening links between the business divisions and infrastructure functions.” Stressed But Land Securities stressed there was still a long way to go in negotiations, and that there was “no guarantee” they would lead to a deal. Still, the talks are being hailed as a major post-Brexit coup when many <strong>City</strong> jobs are being linked with relocation to Frankfurt – home to Deutsche Bank’s German HQ. A 500,000 sq ft project at the site of 21 Moorfields – with the existing building due for imminent demolition – has already received consent, though Land Securities has said alterations may need to come into effect should an arrangement be reached with Deutsche Bank. ALARM bells were set off last week when an influential figure in the upcoming Brexit negotiations said that EU citizens should “decide on their own money”. The <strong>City</strong> had been hopeful of retaining its euro clearing duties – necessary for the matching of all buy and sell orders in the market – as a divorce deal is brokered between the UK and an artist’s impression: how 21 Moorfields could look upon completion CITYMATTERS.LONDON Phil spends his energy in India THE Square Mile has been told to look to India for an “unbeatable combination” by the Chancellor of the Exchequer. Philip Hammond met with senior Indian officials and business leaders on a recent trip to the subcontinent, and has urged industry figureheads in the <strong>City</strong> to tap into India’s energy and renewables market. He and counterpart Arun Jaitley also revealed that an infrastructure fund would soon be launched to help stimulate growth in the area. “We believe that the UK’s position as a global finance hub, our plans to build a truly global Britain as we leave the EU, and India’s own ambitious growth aspirations make an unbeatable combination to help us take our relationship to the next level,” he told <strong>City</strong> AM. Mr Hammond follows in the footsteps of the Lord Mayor, Prime Minister, and Mayor of London in taking the UK’s calls for sustained trade links away from the EU across the globe. Weber’s war on Square Mile it’s ‘not thinkable’: Mr Weber Photo by metropolico.org BUSINESS leaders from cities across Europe descended on <strong>City</strong> Hall last Wednesday to sign a petition demanding EU leaders support continued trade with the UK after 2019. Figureheads pitched up just south of the Thames to lend their support to the <strong>City</strong> of London and the rest of the country as Brexit negotiations get underway. “I’m in no doubt that it’s possible to secure a sensible Brexit deal that protects jobs, growth and investment across the continent,” said Sadiq Khan as he addressed representatives from international business chambers. “The notion the EU over the next two years. But Manfred Weber, the head of the European Parliament’s biggest political bloc, the People’s Party, said it was “not thinkable” that the process be managed in Britain once the country leaves the Union – a move that would put more than 230,000 jobs at risk. “When this is an external place, this is not an EU place any more, then the euro business should be managed on EU soil,” he said. Mr Weber did not specify whether his comments referred only to euro currency based clearing, but an independent report for the London Stock Exchange last autumn indicated that as many as 83,000 jobs could be lost over the next seven years if clearing leaves London. It went on to say that the loss of work would impact on a further 150,000 across numerous financial sectors. Britain is expected to finalise its exit from the EU by March 2019. From Berlin to Barcelona; chambers back EU petition that our cities should only compete with each other – or that European cities might benefit in the form of jobs, businesses and transactions moving away from London – is misguided. “London’s global competitiveness supports the competitiveness of businesses in Frankfurt, Paris, Madrid – and all of Europe’s great cities. “The damage of financial firms moving away from London and Europe to New York, Hong Kong and Singapore would be bad for us all.” The petition also received the backing of Brexit minister Lord Bridges, who hailed the cause an “excellent initiative.”
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