Visas could cost UK firms 300 per cent more after Brexit, warns report May 21, 2018 British businesses could face soaring costs when hiring employees from Europe unless the UK’s immigration system is reformed, a new report has found. Firms bringing skilled European workers into the UK could face an increase in costs of up to 300 per cent unless changes are made in preparation for Brexit, TheCityUK and EY warned. [...]
All I want for my birthday is GDPR compliance May 21, 2018 We’re on the home straight with the General Data Protection Regulation (GDPR). For online publishers, the challenge is mighty. With both user and partner data to consider, transparency is key. But the attention to detail going forward will ensure that readers have a higher level of protection than ever before. So as implementation day (25 [...]
Halfway through Sadiq Khan’s mayoral marathon, the capital is in desperate need of a leader May 21, 2018 Ifo you listen carefully in the direction of City Hall, you can hear Sadiq Khan gasping for breath as he reaches the halfway point of his mayoralty marathon. It’s been a struggle for the past two years since his election, during which living in London has become increasingly difficult. The cost of living is going [...]
Next demands rent cuts on par with its struggling neighbours May 21, 2018 Next is taking a stand against a wave of rent cuts handed out to its high street peers by demanding equal treatment from landlords. Following a series of company voluntary arrangements (CVAs) in the retail and restaurant sectors, Next is asking landlords to agree to rent reductions on its stores if a neighbour receives a [...]
Russian heyday of corruption is over, says MP on release of report into Kremlin money in London May 21, 2018 The days when Russian corruption was an acceptable part of business are over, the chair of the Foreign Affairs Select Committee has said. Speaking to City A.M ahead of the publication of a new report into corrupt Kremlin-connected money in the capital, Tom Tugendhat said the issue needed to be taken “very seriously”. The report, [...]
Roman Abramovich in visa limbo as UK stalls in accepting renewal application May 20, 2018 Chelsea owner and Russian magnate Roman Abramovich has been forced to leave the UK following complications in the renewal of his visa. The process of renewing Abramovich’s visa is understood to be taking longer than usual after it expired nearly a month ago. The billionaire – who is the 13th richest person in the UK [...]
M&S Marks and Spencer (MKS) likely to accelerate store closure plans this week May 20, 2018 Marks & Spencer is expected to accelerate its transformation plans this week, as it reports another decline in profits. The pace of change at the retailer could be “dialled-up”, according to analysts, who are forecasting a 6.6 per cent decline in profit before tax and adjusted items to £573m. The company said in November that [...]
Property market to become ‘flooded’ as 380,000 landlords look to sell-up May 20, 2018 Experts have predicted that the property market could be flooded by homes for first time buyers as 380,000 buy-to-let landlords are looking to offload their property in the next year. A survey conducted by the National Landlords Association (NLA) said that around a fifth of the UK’s landlords were looking to sell, and that nearly [...]
Social media giants snub talks as culture secretary unveils new laws to tackle ‘Wild West’ internet May 20, 2018 Only four out of 14 tech giants invited to help a government consultation on social media regulation showed up to talks, the culture secretary has admitted. Andrew Marr show presenter Emma Barnett said the lack of enthusiasm among the firms, coupled with the fact that Mark Zuckerberg had also resisted requests to give evidence before [...]
MPs to launch select committee inquiry into Sainsbury’s Asda merger May 20, 2018 MPs are planning their own inquiry into the tie-up of Sainsbury’s and Asda, separate to the competition watchdog’s probe. The Environment, Farming and Rural Affairs (EFRA) committee is gearing up to investigate the deal due to concerns for the impact it could have on suppliers to the supermarkets, The Mail on Sunday reported. This comes [...]