Bank of England governor Mark Carney warns of “big” impact from Brexit no deal | City A.M. July 17, 2018 Bank of England governor Mark Carney today warned of a “big economic consequences” if the UK leaves the EU without a deal. A “no deal” Brexit would be a “material event” for interest rates, he said, according to Reuters. Carney has previously said that the Bank would be prepared to use the monetary policy tools [...]
Thalassotherapy in Sardinia, where long-livers swear by the relaxing and healing properties of seawater | City A.M. July 17, 2018 They say the most stressful moments in a person’s life are divorce, bereavement and moving house. Thus far, I’ve managed to avoid the first two, but I went through the mortgage process for the first time this summer. Needless to say, ‘they’ were right and no ordinary beach break was going to revive the anxious, [...]
Wages on downward trend in April to cast doubt on Bank of England rate rise prospects | City A.M. July 17, 2018 Growth in Britain’s pay packets continued on a downward trend in April, new data showed today, casting doubt on Bank of England economists’ contention that rising wage pressures will require interest rates to rise. Average weekly earnings grew by 2.5 per cent in the three months to May, slower than an upwardly revised 2.6 per [...]
Trump blames Mueller probe for poor Russia relations as critics slam him for Putin performance | City A.M. July 17, 2018 US President Donald Trump blamed the US investigation into Russian meddling at the 2016 presidential election for poor relations with Russia last night. Speaking to Fox News after his summit with Russian President Vladimir Putin, Trump described the investigation led by special counsel Robert Mueller as a “phony wedge” and a “phony witch hunt”, adding [...]
Debate: Amid criticism of the Chequers plan, should we get a second referendum to vote on the deal? | City A.M. July 17, 2018 Amid criticism of the Chequers plan, should we get a second referendum to vote on the deal? Yes – Justine Greening is the Conservative MP for Putney. The Prime Minister’s Brexit deal is a fudge that offers the worst of both worlds. It drags Remainers out of the EU, while not delivering the proper break [...]
Google debuts a new feature in the UK to help you find your dream job | City A.M. July 17, 2018 Starting today, searches for key phrases like “jobs near me” or “banking jobs” on Google will return results inside a new feature that shows jobs across the UK from popular sites. Users will be able to see information like reviews and ratings of an employer, average salary and what their commute would look like using [...]
Artificial intelligence could create 7.2m in boost to health sector jobs by 2030 according to Big Four firm PwC report | City A.M. July 17, 2018 While many of us fear a dystopian future in which employees will replace us with robots, a new report suggests that artificial intelligence (AI) could in fact create as many jobs as it displaces. Findings from Big Four accountancy firm PwC show that around 7.2m jobs could be created over the next 20 years, a [...]
City of London office investment defies Brexit wobble as overseas interest soars | City A.M. July 17, 2018 Investment in City of London office space has defied Brexit uncertainty to hit a record high as demand for real estate in the Square Mile soars, especially from Asia. Despite the slowdown in other parts of the property sector such as the housing market, investment in City of London offices jumped to £3.6bn in the [...]
Brexit rebels including Guto Bebb and Anna Soubry force Prime Minister to change tack as government backs down on Customs Bill amendments | City A.M. July 17, 2018 The government yesterday backed down on four key amendments put forward by leading Brexiter Jacob Rees-Mogg, narrowly pushing them through a House of Commons vote late last night. The amendments to the Customs Bill appear to signal a sharp change in direction compared to the white paper agreed at Chequers just 11 days ago, which [...]
British Steel secures £90m in fresh debt funding from US investor White Oak Global Advisors | City A.M. July 16, 2018 Providing hope to an industry rattled by heavy tariffs imposed on US imports and Brexit trade deal uncertainty, Scunthorpe-based British Steel has landed £90m in debt funding from US investor White Oak Global Advisors. The new financing, first reported by Sky News last night, will be announced alongside the company’s hotly anticipated full year results [...]