MPs urge government to slap penny tax on new clothes in bid to cut fashion industry waste February 19, 2019 An influential group of MPs has called for a 1p tax on new clothes in a bid to tackle consumer waste within the fashion industry. The penny tax, which would be levied on every new item of clothing sold by Britain’s retailers, has been proposed this morning by the cross-party Environmental Audit Committee to raise [...]
Why ‘Continual Learning’ is ready to disrupt investment February 19, 2019 | City Talk ‘The only source of knowledge is experience’ – this quote, attributed to Albert Einstein, could be used to frustrate ambitious young analysts. The lesson? Grey hair will prevail. There simply is no substitute for experience in the investment business. Correct? Well, perhaps not any more. A new technology might be about to give grey hair [...]
Jeremy Corbyn warned of more Labour defections as MPs ‘think hard’ about future February 19, 2019 Labour leader Jeremy Corbyn has been warned that more of his MPs will jump ship unless he listens to their concerns over Brexit and anti-semitism. Ian Austin, Ian Murray and Tom Watson were among the MPs sounding the alarm bells today following the decision of seven Labour MPs to quite the party to form a [...]
Britain’s first all-vegan cheese shop causes a stink as dairy industry demands it changes branding February 19, 2019 First, it was Marks & Spencer’s cauliflower steak. Then it was Gregg’s vegan sausage rolls. Now, just when you thought you had survived Veganuary, there’s chease. Read more: On a roll: Vegan sausage roll sales help Greggs seek higher profits Yes, you read that right – chease. But, no matter how it's spelled, the dairy industry [...]
Wages grow at their fastest rate since 2008 as employment rate hits joint record high February 19, 2019 UK wages grew at their fastest pace in a decade in the final three months of last year. Wages grew 3.4 per cent for October to December last year, according to the Office for National Statistics, up from 3.3 per cent growth to November, as vacancies reached a new record high. The employment rate 75.8 [...]
Number of first-time buyers soars to 12-year high February 19, 2019 The number of first-time buyers in Britain reached a 12-year high in 2018, with more competitive asking prices and government schemes such as Help to Buy providing a much-needed boon for hopeful homeowners. According to data released by UK Finance this morning, there were 370,000 new first-time buyer mortgages completed in 2018, marking the highest number [...]
Nearly half of commuters think air taxis would solve transport problems in cities February 19, 2019 The public is turning more to the idea of air taxis to help alleviate congestion and air pollution on Britain's roads, new research reveals. Research carried out by aviation events organisation Revolution.Aero found that 43 per cent of those surveyed would support the introduction of air taxis to reduce transport problems in UK cities. Read more: [...]
Fresh round of US-China talks set to start today in bid to resolve trade war February 19, 2019 A fresh round of talks between the US and China will begin in Washington today in a bid to resolve the ongoing trade war. Deputy-level talks will start today, while higher level discussions will take place later in the week as China’s Vice Premier Liu He arrives in the US. Read more: US-China trade talks [...]
Government laments Honda’s ‘devastating’ move to close Swindon car plant as firm warns UK ‘no longer viable’ February 19, 2019 The government today called Honda’s decision to close its Swindon car manufacturing plant a “bitter blow” for the UK’s suffering car industry. Honda earlier confirmed reports that it intends to shut the factory in 2021, putting 3,500 British jobs at risk in the process. Read more: Honda to close Swindon factory, putting 3,500 jobs at [...]
Greystar and Henderson Park snap up Telford build-to-rent site for £105m February 19, 2019 London housebuilder Telford Homes revealed this morning that it has sold one of its largest build-to-rent development sites for more than £100m. US developer Greystar and European real estate investment platform Henderson Park have snapped up the Equipment Works scheme in Walthamstow, which comprises more than 250 rental homes, for £105.5m in their latest bid to [...]