Crossrail gets a rejigged delivery schedule as rising costs and snow troubles put pressure on Elizabeth Line opening time March 13, 2018 Crossrail Ltd has drawn up a revised delivery schedule for the £14.8bn project after facing rising cost and schedule pressures, and disruption from this month’s severe weather troubles, it emerged today. The rejigged plans have been developed as part of efforts to ensure the Elizabeth Line opens on time in December. The Elizabeth Line will [...]
Ramping up tariffs to spite Donald Trump is economic self-harm March 13, 2018 It is not so much what Donald Trump did, but why he justified doing it, that has got trade experts and US allies worried over the past week. In the grand scheme of things, the President’s decision to impose tariffs of 25 per cent and 10 per cent on steel and aluminium is not an [...]
The future of innovation is fintech – and long let the City’s dominance continue March 13, 2018 Fintech is now the firepower of innovation in the City. Such innovation has driven a complete rethink in how firms, governments, and consumers across the world think about finance. From streamlining capital markets, to debunking traditional insurance practices and offering completely new ways to bank, the UK sector has it all. Read more: Fintech leaders [...]
London tops ranking for Europe’s most attractive city for businesses March 13, 2018 London is Europe’s best city for business and employees for the second year in a row, according to a survey by Colliers International. The capital beat Paris, Madrid and Moscow to top the rankings, with Birmingham coming in fifth place in the rankings. Read more: Flights from this London airport to the Lake District will [...]
Relegation-threatened Southampton sack manager Mauricio Pellegrino March 12, 2018 Southampton have moved to ignite their Premier League survival bid by sacking manager Mauricio Pellegrino after just nine months in charge at St Mary’s Stadium. Pellegrino was only appointed last summer following the axing of his predecessor, and now Leicester manager, Claude Puel, who himself only lasted a season in the Saints hotseat despite finishing [...]
Dr Liam Fox criticises President Donald Trump’s imposition of steel tariffs March 12, 2018 International trade secretary Dr Liam Fox hit out at the Trump administration over steel tariffs in a statement to the House of Commons this evening. Fox said that the UK has a “long and special relationship with the US, however this does not mean that if we disagree with something we will not say so [...]
Central bank cryptocurrencies a danger to global financial stability says Bank for International Settlements March 12, 2018 Central bank cryptocurrencies could cause deposits to flow out of traditional banks and endanger the stability of the financial system at the next crash, according to an influential central bank body. The Bank for International Settlements today warned moving into issuing digital currencies would move central banks like the Federal Reserve and the Bank of [...]
CBI president slams Labour’s nationalisation plans as being driven by “ideology” over facts March 12, 2018 Labour’s plans for nationalisation poses a “significant threat” to the economy, as they are driven by ideology rather than facts, the CBI will tonight say. In a speech to senior business leaders this evening, Paul Drechsler will warn that taking utilities, Royal Mail and PFI contracts back into public ownership would “hurt those who most [...]
Economists predict $500bn hit to global growth if trade war escalates March 12, 2018 Economists predict a trade war following the imposition of tariffs by US President Donald Trump could wipe billions of dollars off world output growth, with EU leaders today insisting they “will not be bullied”. US President Donald Trump last week decided to slap tariffs on foreign steel and aluminium, sparking fears that retaliation from other [...]
The Subaru WRX STI says goodbye in style with this farewell Final Edition March 12, 2018 As I write this piece, Snowmaggedon is causing chaos across the UK. Schools are closed, police are warning motorists to stay at home and bread is being sold for £50 a loaf on eBay. Unfortunately I won’t be enjoying a snow day, as Subaru has dropped off a WRX STI Final Edition and it’s my [...]