The behavioural biases that explain why Mr Market is unruffled by Mr Trump November 14, 2016 The world is not short of comment and analysis following the election of Donald Trump as US President. In some ways, the coverage is indicative both of the result’s unexpected nature and its historical significance. It is fascinating, therefore, that an event of such magnitude has created barely a ruffle in stock markets. Step back from [...]
Brexit minister David Davis to hold monthly talks with Sadiq Khan as the UK quits the EU November 14, 2016 Brexit minister David Davis has agreed to hold monthly meetings with London mayor Sadiq Khan in a bid to make sure the capital's voice is heard as the UK moves to quit the EU. Although a final timetable has yet to be confirmed, Davis has agreed to begin the meetings with Khan ahead of Theresa [...]
Why Trump voters will now be suffering from Trumpgret November 14, 2016 It is fascinating, albeit in a sad way, to see politicians making promises they won’t or can’t keep. A prime example was Vote Leave’s pledge to hand the £350m per week sent to the EU to the NHS instead. It was scrapped from the campaign’s website the day after the Brexit vote. Last week’s election win by [...]
Will Philip Hammond free up nearly £20bn to be ploughed into businesses with a dramatic VAT cut next week? November 14, 2016 Philip Hammond could free up nearly £20bn to be ploughed into UK businesses by cutting VAT next week, according to figures from commercial insurer NFU Mutual. Hammond will present his first Autumn Statement on 23 November, and research by the firm has found that two-thirds of consumers would increase spending if VAT was reduced. Read [...]
These 15 UK smart city startups are heading on a trade mission to Barcelona November 14, 2016 City Hall will seek to reassure business and investors abroad that London is open for business after the Brexit vote when top startups head on a trade mission to Barcelona. Some 15 of the top startups creating technology that seeks to make cities smarter and more connected, as well as solving problems such as pollution, population and [...]
Sadiq Khan says failure to promote integration is hurting the UK economy November 14, 2016 London mayor Sadiq Khan has today called on European mayors and other city leaders to focus on uniting communities in the aftermath of Donald Trump's shock election win. Speaking at a conference at City Hall, Khan said failure to achieve better integration in the UK was costing the economy around £6bn. It comes after Khan [...]
Government to prioritise market access as it moves to dispel cloud of uncertainty hanging over airlines post-Brexit vote November 14, 2016 The government has moved to reassure the airline industry over market access after the Brexit vote, saying it remained a priority. It wants to make sure the UK has "liberal access to European aviation markets". Brexit secretary David Davis, transport secretary Chris Grayling and Tim Alderslade, the chief executive of Airlines UK, released a joint [...]
Forget Farage: Downing Street says Trump-May relationship is no threesome November 14, 2016 Theresa May has issued a stinging slap down to calls for Nigel Farage to lead relations with US President-elect Donald Trump. Farage was the first British politician to meet with Trump in the aftermath of the Republican's shock election victory, and this morning offered to assist the UK government in strengthening ties with the controversial billionaire. Downing [...]
A petition to stop shops opening on Boxing Day has 100,000 signatures November 14, 2016 A petition calling for shops to shut on Boxing Day has gathered more than 100,000 signatures. Boxing Day, which falls on 26 December, is traditionally a massive day for shopping as most major retailers begin their post-Christmas sales. Many companies have already launched promotions ahead of Black Friday, which falls on 25 November this year. [...]
Iran is open for business with a post-Brexit UK November 14, 2016 Iran is officially open for business after four years in the global wilderness. Following the imposition of financial sanctions in 2012 by the US for its burgeoning nuclear weapons programme, it was almost impossible for the west to do any business with Iran. Those sanctions were lifted earlier this year after France, Germany, UK, Russia and [...]