No matter how we measure inflation, politics will forever trump economics January 23, 2019 THE ECONOMIC Affairs Committee of the House of Lords has got its bovver boots on. Last week, the government was given a sound kicking. The issue was the seemingly esoteric one of how to measure inflation. Inflation tells us how much the prices of goods and services are going up. The question is: what do [...]
Heed the celebrity gurus and teach Britain how to manage January 23, 2019 Most businesses will fail, eventually. If current trends continue, 374,880 of the 660,000 new businesses registered in 2018 will have ceased trading by 2023. If your idea isn’t good enough, it’s better for your business to fold quickly to limit losses. Yet sometimes entrepreneurs stumble upon a great idea, but lack the managerial know-how to [...]
UK takes in $140bn over three years to top Europe for foreign investment January 23, 2019 The UK topped Europe for foreign direct investment (FDI) between 2015 and 2018 – taking in more than second- and third-placed Germany and France combined. Around $140bn (£108bn) in capital was brought in across nearly 4,000 inward investment projects, according to an analysis by audit firm Deloitte. “The report highlights the key drivers that have [...]
London startup supporter Tech Hub grabs new Shoreditch venue in City expansion January 23, 2019 Europe’s longest-running tech workspace and startup support organisation Tech Hub has made a fresh commitment to London, revealing a £2.2m investment in a brand new home in Shoreditch. Launched in 2010 with Google as a founding sponsor, Tech Hub will move its 400 resident companies from its current spaces in London’s Silicon Roundabout and in [...]
Despite apocalyptic Brexit warnings, the good news keeps on coming January 22, 2019 As the twists and turns of this long drawn-out Brexit drama continue, possibly the most surprising aspect of all is just how resilient the good news about UK business continues to be. I know this is tempting fate, I know many experts keep saying that the economic cycle suggests we should have had a recession [...]
Snow hits London as commuters battle through the elements and temperatures plummet January 22, 2019 Commuters were forced to battle through snow on their way home this evening as temperatures plunged across London. The Met Office issued a yellow weather warning for ice overnight into tomorrow morning as snow hit the capital. Temperatures dropped as low as 0.7C but could be set to hit -2C tomorrow. Commuters fought through the [...]
Contract enforceability the ‘elephant in the room’ in Brexit discussions says MP January 22, 2019 Uncertainty around the enforceability of contracts is the “elephant in the room” in Brexit discussions, the chair of the justice select committee said today. Speaking to City A.M., Conservative MP Bob Neill cited insurance contracts and derivatives as examples of areas where there was still a great deal of uncertainty about post-Brexit contract enforceability. EU-based firms [...]
‘No deal’ Brexit would lead to hard border with Ireland, confirms EU January 22, 2019 A no deal Brexit would lead to a hard border between the UK and Ireland, the European Commission has confirmed in a departure from previous claims the crossing would remain invisible. Margaritis Schinas, spokesperson for the Commission, issued the warning in a press conference in which he also quoted the Spice Girls as he urged [...]
Davos: Brazil’s Bolsonaro promises prudence while US secretary of state Pompeo hails populist wave January 22, 2019 Brazil’s newly elected right-wing populist President Jair Bolsonaro today tried to reassure an audience at the Davos world economic forum that his new regime would be business-friendly and fiscally disciplined. Bolsonaro said he would move to open up Brazil’s economy, reduce and simplify taxes, fight corruption and privatise state companies. “We will reduce the tax [...]
Crime in the Square Mile hits a three-year high January 22, 2019 Reported crimes in the Square Mile hit the highest level in three years during November, as the City of London police grapples with budget cuts against a worsening national backdrop. There were 799 crimes reported to the City of London police during November according to official statistics, well above the monthly average of 620 since [...]