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City of London wants retail expansion despite pandemic slump

City of London (iStock) London’s main financial district expects demand for stores from workers and visitors to increase even as retailers go bust because more consumers are shopping online. The City of London’s local government expects investors to add 122,500 square meters (1.3 million square feet) of retail space in the district over the coming 15 years, according to a proposed development plan. That’s almost two-thirds the size of Westfield Stratford, one of Europe’s largest shopping malls, which is about 10 minutes by subway from the City. The spending power of finance and tech workers had led to a boom in the number of restaurants, bars and other nightlife in the neighborhood pre-pandemic. Continuing to reduce the district’s reliance on financial services would help diversify the municipal government’s tax income.

Fraudster used Manchester City star s bank card so much he can t remember everything  he bought

A forklift truck driver used Manchester City star Riyad Mahrez s bank card so often in a £176,000 spending spree that he cannot remember all the transactions, a judge has heard. Mohamed Sharif, 32, spent a month blowing a fortune on designer clothes, gambling and a champagne-fuelled holiday in Ibiza before Mahrez realised money was being taken from his account. Mahrez was targeted after an unknown person called up Barclays Bank, posing as the £200,000-a-week Etihad favourite footballer, and ordered a replacement card in his name. Sharif travelled from his home in east London to Leicester, where Mahrez was playing at the time so large cash withdrawals from ATMs would appear less suspicious, Snaresbrook Crown Court heard.

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