CBI chief calls Labour’s approach to business more ‘command and control than partnership’ November 19, 2018 The Confederation of British Industry (CBI) has accused Jeremy Corbyn of offering a "command and control" approach to business rather than partnership after the Labour leader addressed its annual conference earlier today. CBI director general Carolyn Fairbairn said firms had made an offer to Labour to work with business to create a "truly competitive and fair country". [...]
McLaren boss backs May’s Brexit plan, saying no deal is ‘not an option’ for businesses November 19, 2018 The boss of car manufacturer McLaren has backed Theresa May’s draft Brexit agreement, saying crashing out of the European Union without a deal is “not an option” for British industry. Mike Flewitt said May’s withdrawal agreement, which the Prime Minister is currently trying to sell to her MPs, would “provide urgently-needed certainty and an implementation period [...]
Business secretary says extending Brexit transition period is an option November 19, 2018 Business secretary Greg Clark said today that extending the UK’s transition out of the EU to 2022 was an “option”. Speaking to the BBC, Clark said there could be a parliamentary vote on extending the transition period out of the EU. Yesterday the EU’s lead Brexit negotiator Michel Barnier proposed extending the UK’s transition out [...]
CBI prepares to call on MPs to avoid no-deal Brexit ‘wrecking ball’ November 19, 2018 The CBI will call upon MPs today to back the Prime Minister’s draft withdrawal agreement and avoid hitting the British economy with the “wrecking ball” of a no-deal Brexit. Speaking at the CBI’s annual conference in front of more than 1,500 business leaders, CBI president John Allan is expected to ask politicians to consider the [...]
After last week’s evictions, what next for Big Brother: Brexit edition? November 19, 2018 How could they do it? After 18 years on UK television, Channel 5 has waved goodbye to hit show Big Brother. But fear not, the fun format has been reborn. And it’s no mere house this time, it’s a palace – the Palace of Westminster. If the pilot is anything to go by, this one [...]
Business confidence falls to nine-year low amid political uncertainty over Brexit November 19, 2018 Morale among businesses is at its lowest since the aftermath of the financial crisis, according to a new survey out today. Political uncertainty surrounding Brexit weighed down on hiring and investment plans in the manufacturing and services sectors, data firm IHS Markit’s latest quarterly report found, pushing business confidence down to its lowest level since [...]
City veterans launch new corporate finance boutique November 19, 2018 A former board member of investment bank Zeus Capital is today launching a corporate finance boutique alongside a senior executive from Nex Exchange. The new firm, Guild Financial Advisory, will advise companies on initial public offerings (IPOs), fund raising, deals and corporate governance. Its chief executive Ross Andrews previously spent eight years with Zeus where he [...]
Tax managers enjoy largest salary rise as tougher compliance regulation pays off November 19, 2018 Tax wonks have seen their salaries soar over the last year as businesses grapple with tougher compliance rules in the City. Operational tax managers topped the list of salary increases in 2018, enjoying a 6.7 per cent rise, according to figures from recruitment company Hays. The increase reflects the greater focus on compliance as firms [...]
Buyers eye up Christmas offers as prices slip in November November 19, 2018 Homeowners hoping to sell their house are slashing prices and expectations, in a move that signals a boon for buyers in the run-up to the festive season. Property prices tumbled 1.7 per cent this month, marking the largest November drop since 2012, with London’s stagnant housing market continuing to see a sharper decline than any [...]
Refinitiv executive hired to lead the fight in Brussels for the City’s future post-Brexit November 18, 2018 A senior boss at financial data firm Refinitiv has been appointed to fight for the City's future ahead of Brexit. Canada Corporation said it was looking to strengthen its Brussels office and that a new managing director would be a “focal point” for building a new relationship between financial and professional services [...]