Keep an eye on UN reform after the departure of Nikki Haley October 12, 2018 Nikki Haley, former governor of South Carolina, this week resigned without warning as President Trump’s ambassador to the United Nations. Haley has not given a reason for her exit, and her replacement is yet to be named, but her departure is an opportunity to examine both the UN and her role within it. Donald Trump’s [...]
Action on productivity must take centre stage as calls for action grow louder October 12, 2018 The British economy has surprised experts time and time again in recent years, as unemployment has continually hit new lows. Yet the flipside of this miraculous fall in jobless numbers has been a truly dire slump in productivity growth – a slowdown which threatens the UK’s place at the top table among the world’s big [...]
Canada to impose new tariffs on steel imports October 11, 2018 Canada is set to impose new quotas and tariffs on imports of steel, the government has announced, in a bid to prevent a potential increase in imports. A tariff of 25 per cent will apply to seven steel products from 25 October, the Department of Finance said, in "cases where the level of imports from trading [...]
Disclosure failings the ‘biggest single cause of miscarriages of justice’, says outgoing watchdog head October 11, 2018 The outgoing head of the body that investigates potential miscarriages of justice has said disclosure failings remain the "biggest single cause of miscarriages of justice" and called for a "targeted review" into existing convictions. In a farewell speech delivered last night, Richard Foster of the Criminal Cases Review Commission (CCRC) said that "too often" there [...]
Elizabeth Line trains will not reach Heathrow until ‘early 2019’ October 11, 2018 Elizabeth Line trains will not be used on the route to Heathrow Airport until "the early months of next year", Transport for London (TfL) has said. Howard Smith, TfL's director of operations for the Elizabeth, today told a Policy Forum for London conference today that TfL was still using Heathrow Connect units as the testing had [...]
UK’s largest energy companies saw profits drop in 2017 October 11, 2018 The profit and market share of the UK's six largest energy suppliers dropped as more customers switched providers last year. Annual profits dropped by 10 per cent to £900m last year, the first fall since 2014, according to a report by energy industry regulator Ofgem, following an increase in competition. Read more: DEBATE: Does the energy market [...]
Karen Millen buys Coast after collapse but 300 jobs still at risk October 11, 2018 Fashion retailer Coast has collapsed into administration, putting an estimated 300 jobs at risk. Retail rival Karen Millen has bought the brand’s website and UK department store concessions, it announced this evening, however all 24 stand alone Coast outlets and European concessions will close. Read more: Retail sales growth slumps after bumper summe A total of [...]
HSBC hiring senior former JP Morgan banker to co-head its global investment bank October 11, 2018 HSBC is set to announce the hire of a senior former JP Morgan banker to co-head its global investment bank. It is understood that the hire of Greg Guyett, who held senior roles at JP Morgan in the UK, US and Asia, will be announced in the next few days. Guyett’s hire, first reported by [...]
London’s status as a tech hub helping drive transatlantic deals October 11, 2018 London's status as a hub for technology and financial services is helping drive a strong flow of deals between the US and the UK according to audit firm Deloitte. Deloitte said deal volumes between the UK and US “remained buoyant” in the first half of 2018, with 238 completed deals in the period. There were 152 [...]
Mark Carney told to clarify dramatic house price fall warning in case of ‘no-deal’ Brexit October 11, 2018 Bank of England governor Mark Carney needs to clarify whether house prices would be slashed by a third in a 'no deal' Brexit, the chair of the Treasury select committee has insisted. Nicky Morgan has written to Carney asking him to clear up exactly what he told the Cabinet on September 13 during a presentation [...]