Brexit: No deal would be “a disaster” for business, says business minister Richard Harrington July 4, 2018 Crashing out of the EU without a deal in place would be “completely disastrous for businesses in this country”, business minister Richard Harrington has said. Although the government has refused to rule out a no deal scenario as part of its Brexit negotiation strategy, Harrington backed large firms such as Airbus who have warned that [...]
Uber relaunches in Finland as new laws embracing ride-sharing operators come into effect July 4, 2018 After ceasing operations in Helsinki last year, Uber is back in business after new transportation regulations came into effect this week. The ride-sharing company had suspended its services in Finland while it awaited the implementation of the new transport law, which allows for surge pricing, increased ability to roam outside of previously restrictive patrol areas, [...]
Theresa May’s Chequers compromise to result in ‘softest possible Brexit’ July 4, 2018 Theresa May’s “third way” on the UK’s future relationship with the EU is looking increasingly likely to steal elements from both customs options as she hopes to end the divisions among her Cabinet team at Chequers this Friday. City A.M. understands it will take much from the so-called max fac option, beloved of Brexiters, which [...]
Growth in Britain’s services sector rises to eight-month high in June says closely followed survey, IHS Markit purchasing managers’ index (PMI) July 4, 2018 Britain’s services sector continued a run of improving performance in June as activity hit its highest level since October 2017, boosting hawks at the Bank of England who believe a rate hike in August is necessary. The services purchasing managers’ index (PMI) rose to a seasonally adjusted reading of 55.1 in June, up from 54 [...]
These are the top 10 things UK workers find most irritating about their colleagues July 4, 2018 Do you tend to ignore emails maybe a little more than you should? Have a habit for leaving your desk messy? Well, you may want to look away now if so, as unfortunately you could well be driving your co-workers up the wall with such antics. A new survey has revealed just what UK workers [...]
London’s new deputy mayor for transport Heidi Alexander calls for Transport for London to take over Govia Thameslink Railway franchise July 4, 2018 London’s new deputy mayor for transport Heidi Alexander will today call for Transport for London (TfL) to take over parts of the trouble-hit Govia Thameslink Railway franchise after a train timetable shake-up caused chaos. In her first major public speech in her new job, Alexander will say today that TfL should take over parts of [...]
Tory MP says UK needs a chief blockchain officer July 4, 2018 Conservative MP Eddie Hughes calls for the government to focus its attention on using blockchain to enable social freedom, increase efficiency and rebuild societal trust. Hughes makes a series of recommendations in his report ‘Unlocking Blockchain’ issued today including the appointment of a public-facing chief blockchain officer to coordinate the UK’s strategy on applying blockchain [...]
Positive thinking on negative equity: What to do if your home is worth less than your mortgage July 4, 2018 Less than a year ago, it was all talk of bubbles in the UK housing market. But we all know that what goes up must come down, and the first signs that the market was losing steam came at the start of this year. The market continues to look skittish, with the most recent figures [...]
It’s time to let the free market reshape our failing high streets July 4, 2018 How to fix the UK’s crumbling high streets? That’s the question on everyone’s lips each time a household name falls into financial distress. From House of Fraser to Poundworld, barely a week goes past without news of another retailer feeling the heat. Today former shopkeeper Bill Grimsey publishes his second review of the high street, [...]
World Cup 2018: England beat penalty curse to see off Colombia on fraught night of fine margins July 3, 2018 For 120 minutes, it was the film that all of England has seen before, mainly from behind the sofa. But as the familiar nausea of the penalty shoot-out reached its unbearable climax something extraordinary happened: they ripped up the script. With a charmed swipe of goalkeeper Jordan Pickford’s paw, Gareth Southgate’s side turned a 3-2 [...]