Now the fog has lifted, the UK’s post-Brexit future looks bright February 26, 2018 In the 18 months following the Brexit referendum, the forecasts from the Treasury, the Bank of England, the IMF, and the OECD were proven wrong. The predicted recession, higher unemployment and a list of other calamities did not happen. Nobel Prize winning economist professor Paul Krugman described the analysis from the Project Fear propagandists as [...]
DEBATE: Should tech firms be taxed on revenues, rather than profit? February 26, 2018 Should tech firms be taxed on revenues, rather than profit? Sir Vince Cable, leader of the Liberal Democrats and former secretary of state for business, innovation and skills, says YES. When it comes to tax avoidance by large multinational companies, we have reached what can only be described as an unsustainable situation. These large, mainly [...]
Open Banking could provide a £1bn boost to the UK economy, says Cebr and Truspilot research, as banks are forced to compete February 26, 2018 The UK’s new Open Banking initiative could provide a £1bn boost to the country’s economy, research indicates. Since customers can now make their financial data available to third parties such as challenger banks, this should increase competition in the marketplace according to a new study from the Centre for Economics and Business Research (Cebr) and [...]
Howard Shore, Shore Capital founder, leads $40m investment in new Israeli co-working business Mixer February 26, 2018 Shared workspace business Mixer has just nabbed $40m (£28.6m) of funding in an investment round led by Howard Shore, the founder of investment group Shore Capital. Mixer, based in Israel, is hoping to expand into Europe and the US and has a new site planned in Berlin. Shore will now become chairman of the business, [...]
Arbuthnot Latham has poached a Shawbrook managing director to run its new asset-based lending division February 26, 2018 Arbuthnot Latham, the historic City private bank, has poached a managing director from Shawbrook Bank to run its new asset-based lending division. Arbuthnot Commercial Asset Based Lending, which launches today headed by Tim Hawkins, will specialise in lending to small and medium-sized enterprises (SMEs) and mid-cap businesses. Confidential invoice discounting will be its core offering, [...]
Labour Brexit gamble: Jeremy Corbyn unveils plan to use Brexit for nationalisation agenda February 26, 2018 Jeremy Corbyn will today outline how he plans to create a new relationship with the EU that would allow a Labour government to nationalise large swathes of British industry. In a speech this morning, the Labour leader will say the UK should negotiate a “new and strong” relationship with the Single Market. Read more: Keir [...]
Deliveroo boss Will Shu: We’re creating 250 new tech jobs in London to keep up with growth February 26, 2018 Deliveroo is to create hundreds of new tech jobs in London as the firm’s growth spurt continues at pace. Some 250 data scientists, software engineers and cyber security experts are being recruited in the capital. The jobs will be filled by the end of 2018, taking Deliveroo’s hiring spree to 600 positions in just two [...]
Krafty move: Unilever shareholders condemn potential relocation from London as a protectionist defence February 25, 2018 Top shareholders in Marmite maker Unilever have hinted that they may object to a possible relocation of the company’s headquarters from London. Directors of the Anglo-Dutch group are expected to vote in the coming weeks on where Unilever should maintain its base, after the company promised last year to simplify its corporate structure in the [...]
Lloyds and PwC face £55m court case from motor dealer who says the firms forced it out of business February 25, 2018 Lloyds Banking Group and accountants PwC face a £55m legal battle with a motor dealership which will allege they colluded to force it out of business. Yorkshire-based Premier Motor Auctions will argue Lloyds used its Business Support Unit as a profit centre to extract money from struggling firms, according to the Sunday Telegraph. Premier, led [...]
Manchester United 2, Chelsea 1: Antonio Conte slams players for allowing United comeback and putting club’s Champions League hopes at risk February 25, 2018 Chelsea boss Antonio Conte slated his players for surrendering a lead at top-four rivals Manchester United and warned his side that their hopes of qualifying for next season’s Champions League is at risk. Substitute Jesse Lingard was the United match-winner with a quarter of an hour remaining after striker Romelu Lukaku registered a quick-fire leveller [...]