Business secretary Greg Clark says government wants to give a stronger voice to workers on boards November 29, 2016 Business secretary Greg Clark said Britain wants to strengthen the voice of workers on company boards, but defended plans not to completely overhaul the unitary board system. "We're not going to make it happen," he said of the idea of bringing employee representative onto the board, though he said it was an available option to [...]
Brexit memo shows UK may try to have its cake and eat it November 29, 2016 The UK could be pushing for a Brexit strategy that allows it to "have its cake and eat it", according to a memo carried by a political aide and snapped by a freelance photographer outside 10 Downing Street. The photographer tweeted the picture and asked: "Is this the first insight into Brexit seen going into [...]
London needs a new deal with its nation to secure a good Brexit for its leading industries November 29, 2016 We cannot assume that London will always succeed. No city is too big to fail. London must constantly reassert its global status because if a city isn’t rising, it’s falling. London has long been a world-leading financial centre and is now a magnet for the international technology sector and its startups. But, in an environment being [...]
A vote for No in the Italian referendum is unlikely to precipitate “Italeave”, but could worsen the situation facing the country’s beleaguered banks November 29, 2016 Since the European sovereign debt crisis, critics of the euro have asked how long the single currency can continue when the economies which use it are on such divergent trajectories. Now, after a third Greek bailout, a Brexit vote and Donald Trump’s presidential win breathing hope into eurosceptic parties across Europe, their prophesy may be [...]
Five evidence-based proposals to make sure executive pay benefits society November 29, 2016 Theresa May is absolutely right that executive pay needs reform as part of creating “a country that works for everyone”. Today, her government is expected to release a Green Paper outlining measures to ensure that chief executive contracts benefit society, not just the executives themselves. At The Purposeful Company, we applaud and share this mission. [...]
The liberal left will continue to lose until they start to empathise with their enemies November 29, 2016 In the midst of much chaos, the victory of Francois Fillon in the French centre-right primary has restored some normality to politics. He is a mainstream social conservative and a mainstream economic liberal. He may not deliver the reforms France desperately needs – political leaders with great promise often disappoint. But certainly reform is needed. France is [...]
Business should embrace the government’s radical corporate governance proposals to strike a better relationship with the public November 29, 2016 What is it about luxury yachts that seems to get policy-makers so worked up? The UK’s Corporate Governance Code will be 25 years old next year and it’s worth reflecting on why it came into existence. It was the collapse of Robert Maxwell’s business empire that led to the first Cadbury Code, which has evolved [...]
As government faces a fresh legal challenge on Brexit, is it unlikely Article 50 will be triggered before the end of March? November 29, 2016 Olly Kendall, managing director and founder of Westminster Public Affairs, says Yes. The odds of Article 50 being triggered by the end of March lengthen by the day. A new legal challenge to the government argues that Parliament should also have a say over whether to trigger Article 127 – the exit mechanism from the [...]
Sadiq Khan reveals his spending plans for £3bn Treasury housing fund November 29, 2016 A huge injection of Treasury cash will be used to build a combination of homes to rent and buy in the capital following a deal between the government and City Hall. In the Autumn Statement, chancellor Philip Hammond revealed the Treasury has agreed to hand City Hall of control of £3.15bn in funding to develop 90,000 [...]
The UK and Poland have agreed to work together to support entrepreneurs November 28, 2016 The UK and Poland will work together on plans to support entrepreneurs in both countries. Prime Minister Theresa May said today that the plans would be focused on small enterprises, and boost the strong economic ties between the nations. Bilateral trade between the UK and Poland was worth £15bn last year, and UK exports to Poland [...]