Tory rebels urged not to block EU Withdrawal Bill as Theresa May says Grieve amendment would threaten “orderly” Brexit December 13, 2017 Update: Theresa May has told Tory rebels she will not support their calls for Dominic Grieve’s amendment to the EU Withdrawal Bill, claiming it threatens an “orderly” Brexit. During her weekly Q&A session, May was called on by backbencher Anna Soubry to accept an amendment put forward by former attorney general Grieve that would give [...]
Bank of England plans to remove “gendered language” from all banking regulation December 13, 2017 The Bank of England plans to remove “gendered language” from its regulation of managers in the banking and finance sectors. The Bank’s Prudential Regulation Authority (PRA) will change the Senior Managers and Certification Regime (SM&CR), the rules governing who bankers, insurers, and other finance managers behave, according to a consultation document published today. The regulation [...]
Shadow MPC: After the historic hike, Bank of England should hold fire December 13, 2017 Last month the Bank of England raised interest rates for the first time in a decade – a momentous, if expected, moment. After the storm, the calm. It’s no surprise that our shadow monetary policy committee (MPC) has overwhelming voted against raising interest rates at this meeting, arguing the Bank needs to be cautious about [...]
The UK’s rising demand for tech talent is under threat from Brexit December 13, 2017 There is no denying that Britain is currently suffering productivity challenges and all eyes are on the UK’s tech sector to shine a light on the countries future. It is currently growing twice as fast as the rest of the economy, with digital jobs being created at double the speed as non-digital ones. The government [...]
European fintech startup iZettle has raised €40m ahead of a potential IPO led by Sweden’s state pension fund and Dawn Capital December 13, 2017 One of Europe’s most highly funded fintechs used by shops, stalls and small businesses across Britain has landed fresh funding from investors ahead of a potential IPO. Payments startup iZettle has raised €40m (£35.2m), led by long-term backer Dawn Capital and Sweden’s multibillion pound state pension fund, a new investor in the six-year-old Swedish firm. [...]
Real earnings fell again in October as unemployment stayed flat December 13, 2017 The squeeze on consumers was confirmed today after official data showed wages rose 2.5 per cent in the year to October, half a percentage point below inflation. The figures, by the Office for National Statistics, showed real wages, which are adjusted for inflation, fell 0.2 per cent including bonuses, and 0.4 per cent when bonuses [...]
London’s new US embassy in Nine Elms will open in January 2018 December 13, 2017 The new, billion-dollar US embassy at Nine Elms in Wandsworth is set to open next month. US ambassador Woody Johnson made the announcement today on Twitter, saying: “We look forward to moving to our new embassy on Nine Elms… On the 16th of January our new embassy is open for business.” Big news – today [...]
Our luxury mince pie taste test 2017 sorts through the best gourmet offerings on the market December 13, 2017 It wouldn’t be Christmas without almost every favourite festive food getting a ‘premium’ makeover, and mince pies are no exception. These posh pies all put a gourmet spin on the classic Christmas snack – but which one delivered the goods? MARKS & SPENCER ★★★☆☆ These citrusy circles topped with pastry stars are so packed with [...]
Donald Trump blow after Alabama vote: The dollar has held steady after Democrat Doug Jones beat Republican Roy Moore to a Senate seat (USDGBP, USDEUR) December 13, 2017 The dollar weakened only slightly overnight, despite Donald Trump being dealt a hefty blow in a US Senate vote. Although Trump had publicly supported Republican Roy Moore in the race to gain the US Senate seat for Alabama, Democrat Doug Jones won. It will be the first time a Democrat has held the seat for [...]
Uber driver licence standards should be made national, say MPs December 13, 2017 A group of more than two dozen cross-party MPs have called on the government to introduce new rules controlling the licensing of drivers for Uber and other minicab services with new national standards. Labour’s Wes Streeting and Jess Philips, and Green Party leader Caroline Lucas are among the 25 MPs to sign a letter to [...]