David Davis: May should postpone parliament’s Brexit vote again to stoke no deal fears January 3, 2019 Former Brexit secretary David Davis believes Theresa May should delay parliament’s vote on her Brexit deal for a second time in order to push Britain closer to a no-deal scenario, and to pile pressure onto MPs and the EU. Parliament was originally due to vote on May’s deal on 11 December, but the Prime Minister [...]
DEBATE: Will this year be as politically tumultuous as the last? January 3, 2019 Will this year be as politically tumultuous as the last? Robert Colvile, director of the Centre for Policy Studies and author of The Great Acceleration, says YES. Sorry to puncture the New Year cheer, but the turmoil of 2018 wasn’t a one-off – in fact, it’s the new normal. The parliamentary situation, with the Tories supported [...]
Resilience, risk, and regulatory changes: What lies ahead for the UK finance sector January 3, 2019 As we look ahead to 2019, the banking industry could be excused for trying to catch its breath. A decade on from the financial crisis, the path forward still remains fraught with difficulties. Return on equity remains stubbornly low across the board, while cost-income ratios remain high. This year will clearly be defined through the [...]
With mobile technology, we can empower the world’s unbanked January 3, 2019 Financial inclusion must become the watch-word for 2019. An estimated 1.7bn adults worldwide do not have access to formal financial services – that’s 31 per cent of the adult population who do not have a bank account. Incapable of borrowing, saving, or investing money and protecting themselves, exclusion from the global money system denies these individuals [...]
From Brexit to tariffs, brace yourself for an uncertain 2019 January 3, 2019 Get ready for a 2019 full of uncertainty. On the political scene, headline events range from Brexit to the US-China trade tensions to EU reforms – all coming at a vulnerable stage in the business cycle, with half of US chief financial officers expecting a recession in 2019, and over 80 per cent by 2020. [...]
Overcrowding on trains close to a record high as commuters warned it will get even worse January 3, 2019 Overcrowding on trains has hit one of its highest ever levels – but is likely to get even worse, according to Labour. The 10 most overcrowded peak train routes are already running at 187 per cent overcapacity, the party’s analysis found, an increase of 25 per cent since 2011. And they are likely to get [...]
Brits rack up £1.3bn in music sales, with UK artists making up half of the top 20 best-sellers for 2018 January 3, 2019 British artists had their most bumper year to date in 2018, as local musicians scored half of the UK’s top 20 albums last year with more than £1.3bn in music retail sales across the country. Data released today by record label association the BPI put singer/songwriter George Ezra's 'Staying At Tamara's' as the best-selling album released in 2018, [...]
City Moves for 3 January – who’s switching jobs at Evox, DAZN and Square Mile? January 2, 2019 Who’s starting the New Year in a new role? Evox Evox Therapeutics , a leading exosome therapeutics company, is pleased to announce the appointment of Dr Edwin Moses as non-executive chairman. Edwin will bring a wealth of experience to Evox, as the Company continues to grow its pipeline of pioneering exosome-based therapeutics. Edwin is a [...]
Why 2019 will not mark the death of the high street January 2, 2019 When HMV went into administration in 2013, disgruntled employees used the retailer’s Twitter account to give live updates of the “mass execution” at the beleaguered music firm. However, ahead of last week’s announcement that the the 97-year-old business was collapsing for a second time, passwords for all its social media accounts were changed to avoid [...]
Scottish Power goes with the wind as Drax Group completes takeover of portfolio January 2, 2019 Drax Group has completed its £702m takeover of power plants from Scottish Power as the company moves towards ending its coal-based production before 2025. The deal, which was first announced in October, sees Drax take control of the Cruachan pumped storage hydro facility and a plant which turns waste into biomass. The plants have helped [...]