Theresa May continues to woo business groups with new forum to hear industry concerns November 1, 2018 Theresa May’s attempts to woo the business world has gone up another notch with the creation of a special forum for boardroom leaders and government ministers. The new initiative will see bosses from companies including Rolls-Royce Holdings, BT Group and ITV meet with the Prime Minister and senior cabinet figures twice a year to discuss key [...]
Government performs u-turn on post-Brexit immigration plans November 1, 2018 Home Secretary Sajid Javid has slapped down his immigration minister for suggesting companies would have to check when an EU migrant came to the UK before giving them a job after Brexit. Caroline Nokes made the claim during an appearance before MPs on Wednesday, saying employers would need to carry out “rigorous checks” to discover [...]
Surge in London house building set to drive new UK homes to 11-year high November 1, 2018 London is set to drive a surge in UK house building as the industry prepares for the number of new homes being built to hit an 11-year high. Large-scale developments and private sector rental demand are set to drive the number of new house builds in the capital up by 141 per cent, according to data [...]
Prime Minister shoots down report that financial services Brexit deal is almost secured November 1, 2018 The Prime Minister today denied reports that a Brexit deal to provide London’s financial services firms access to European markets is almost secured. The City’s access to financial markets in the EU after the UK exits the bloc next year would be based on the EU’s so-called equivalence system, according to a report in The Times this [...]
Sorry Angela Merkel, it’s not that easy to choreograph your own legacy November 1, 2018 There definitely comes a time where a fresh pair of eyes and fresh leadership would be good.” Those are the wise words of David Cameron, when asked whether he’d be running for a third term as Prime Minister just before the 2015 election. Now into her fourth term as German Chancellor, it has taken Angela [...]
We must turn the page on the public perceptions of finance November 1, 2018 A company needs to stand for something more than making money. Sustainability matters more than profit. The mission should be a lasting contribution to society that finds a balance between all stakeholders. Those aren’t the words of a pious left-wing hand-wringer but of John McFarlane, chairman of Barclays, in an anthology of writing published this week [...]
Nicky Morgan says City could take decades to resolve regulatory relationship with EU October 31, 2018 It could take decades for the UK to work out its financial services regulatory relationship with the EU after Brexit, treasury select committee chair Nicky Morgan said. “The story of the next 40 years of this country, or it could be longer, in relation to that future relationship with the EU, is going to be [...]
Brexit deal will be done within three weeks, reveals Dominic Raab October 31, 2018 The pound jumped by one per cent on Wednesday as Dominic Raab claimed a Brexit deal will be agreed within three weeks. The revelation from the Brexit secretary saw sterling rise to 1.1307 against the euro and bounce back from a two month low against the dollar to 1.2829. Raab made the claim in a letter [...]
Budget 2018: Austerity killed off – if a Brexit horror show is avoided October 31, 2018 | City Talk The 2018 Budget was brought forward this year to avoid a nightmare clash with the Brexit negotiations. It was clear from the Chancellor’s speech that he was keen to avoid a ghoulish backlash from any controversial announcements. Indeed, the majority of policy measures unearthed had been leaked to the press beforehand, leaving Philip Hammond with [...]
Business leaders prepare to meet with Prime Minister and chancellor to discuss Brexit October 31, 2018 Business bosses are set to meet with Prime Minister Theresa May and chancellor Philip Hammond this afternoon amid rising concerns about the nature of Britain’s exit from the EU. Around 130 executives are set to attend this afternoon's meeting as businesses prepare to grill the pair about Brexit and Budget issues. “It’s part of regular [...]