How the new industrial strategy leaves the past behind and will benefit London and the south east January 23, 2017 Last week, the Prime Minister outlined how the UK can make a success of Brexit and how the strength of our economy will be crucial to that success. Leaving the EU can be a catalyst to drive both improvements in productivity and to spread wealth and opportunity more evenly and fairly across the country. Throughout London [...]
Trump could be a great job creator, if he backs women in the workplace January 23, 2017 President Donald Trump could live up to his promise to be “the greatest jobs producer that God ever create”, according to an influential think tank, but he may need to promote female-friendly policies to do so. Trump's inauguration on Friday prompted more than 600 Women's March events globally with a focus on issues like equality [...]
British steel will “lurch from crisis to crisis” without government intervention say MPs January 23, 2017 Britain's steel industry risks “lurching from crisis to crisis” without decisive intervention from government, a cross-party group of MPs has warned. A band of MPs led by Labour's Stephen Kinnock is calling for an urgent intervention to protect the sector, on the same day Prime Minister Theresa May launches her industrial strategy. 40 MPs from [...]
British business groups welcome Theresa May’s wide-ranging industrial strategy January 23, 2017 Britain's top business groups have thrown their weight behind government plans for a sweeping new industrial strategy, seeking to boost productivity across every sector and in every corner of the country. Prime Minister Theresa May will launch a green paper in the north west today by calling on businesses and workers “to help us create [...]
Tullett Prebon and Singapore Exchange team up to launch LNG spot index for Dubai, Kuwait and India January 23, 2017 Interdealer broker Tullett Prebon has teamed up with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian liquefied natural gas (LNG) markets. Due to be launched in the second quarter of this year, the new index is expected to provide a reference price for LNG delivery to key ports in Dubai, Kuwait and India [...]
Brace for “hard rebalancing” of UK economy in 2017 January 23, 2017 The fall in the pound will result in a “significant readjustment” of the UK economy away from consumer spending and towards exports, regardless of the results of the Brexit negotiations. Economists at Ernest & Young says UK exports will increase by as much as 3.3 per cent this year, and 5.2 per cent in 2018, [...]
HMRC in £468m small business tax haul January 23, 2017 Local compliance teams investigating small and medium sized businesses (SMEs) brought in substantial extra revenue to the taxman last year. HMRC has shifted its resources away from large businesses and towards SMEs, which they estimate represent 51 per cent of the country’s “tax gap”, the difference between the amount of tax collected and the amount [...]
Leading City group adds to growing calls for bespoke Brexit deal January 23, 2017 A City-centric group has today added to the calls on the government to seek out a bespoke deal for access to the EU post-Brexit. The International Regulatory Strategy Group (IRSG), which is co-sponsored by TheCityUK and the City of London Corporation and is chaired by former treasury minister Mark Hoban, is urging the government to seek out [...]
Prime Minister’s talks with Donald Trump to build on special relationship January 22, 2017 Prime Minister Theresa May will use her visit to see US President Donald Trump to build on the “special relationship” between the two countries, but won’t be afraid to speak out on anything “unacceptable”. On Friday, May will be the first foreign leader to visit to the White House and meet the new US president since [...]
Is there still a future for hydrogen power? January 22, 2017 As sales of battery-powered cars continue to climb, and charging stations appear across the country, hydrogen power seems to have dropped off the agenda in recent years. But while it may not be powering the Teslas, i3s and LEAFs on sale today, the companies behind the development of hydrogen fuel cells are yet to give [...]