Elizabeth Denham, information commissioner (ICO), says that with one year to go, UK firms have no time to waste in preparing for GDPR May 25, 2017 The General Data Protection Regulation (GDPR) is the biggest change to data protection law in a generation. While it builds on the previous legislation, it brings a 21st century approach to the processing of personal data, providing much more protection for consumers, and more privacy considerations for organisations. And with just one year to go [...]
One year until The EU General Data Protection Regulation: The business world speaks out about the biggest ever overhaul of data legislation May 25, 2017 Exactly one year from today, “the most lobbied piece of legislation in history” – the EU’s General Data Protection Regulation (GDPR) – will be enacted, radically overhauling the relationship businesses have with personal data through a raft of new obligations and consumer rights. The way firms collect, store, process and protect the personal information of [...]
Manchester bomber was known “up to a point” by security services, home secretary Amber Rudd has confirmed May 24, 2017 Home secretary Amber Rudd has confirmed that Manchester bomber Salman Abedi was a known figure to the UK’s security services. Speaking after the UK’s threat level was upgraded to “critical”, meaning a new attack may be imminent, Rudd told Sky News this morning that “people are likely to see some military on the streets”, but [...]
A helping hand in solving the UK’s ‘productivity puzzle’ May 24, 2017 The Office for National Statistics’ (ONS) most recent labour productivity figures found Britain’s workers have managed to improve their output per hour by 1.2 per cent when compared to the first quarter last year. On the face of it this seems like a victory, but the ONS itself caveated the results: “the data provides little [...]
Spiralling numbers of co-habiting pensioners told to get hitched or else miss out financially May 24, 2017 The number of unmarried pensioners shacking up has tripled in just over a decade, denying them a raft of pensions and other benefits afforded to married retirees. The proportion of 65 to 69-year-olds co-habiting leapt from 1.5 per cent to 4.5 per cent between 2002 and 2015. This trend was more marked for the over-70s: [...]
Appetite for stock market debuts in London will remain strong this year, says broker FinnCap May 24, 2017 FinnCap advised companies on raising a total of £363m in the year ending 30 April, the independent broker said today. The firm, which claims to be “largest adviser on the London Stock Exchange”, worked on transactions including Constellation Healthcare – which was taken private in a £247m deal – and the initial public offerings (IPOs) [...]
How much is winning the Europa League worth? What Manchester United will make for beating Ajax May 23, 2017 Manchester United stand to pocket €14.7m in prize money should they beat Ajax in tomorrow’s Europa League final. The Premier League giants have so far amassed €8.2m in prize money payments and will be rewarded with a further €6.5m for winning the final by European football governing body Uefa. Should United lose to Ajax, whose [...]
Labour donor and JML founder John Mills warns against attempts to create a new centrist political party May 23, 2017 Millionaire Labour donor John Mills has pushed back against suggestions that party backers should fund a new political organisation. Reports in mid-May suggested that allies of former Prime Minister Tony Blair were drawing up plans to create a new party, while senior Lib Dem Vince Cable has predicted “serious conversations” after the election. However retail [...]
Blockchain consortium R3 has raised a $107m series A round of funding from top banks like HSBC, Barclays, UBS and Wells Fargo May 23, 2017 One of the biggest consortium’s working on blockchain technology has raised $107m from the world’s top banks and other big name investors, it’s been revealed. R3 founder and chief executive David Rutter announced the huge figure for its series A round on stage at a blockchain conference in New York, calling the investment “unprecedented”. Investors [...]
General Election 2017: Forget the outrage, Prime Minister Theresa May should not have U-turned on social care May 23, 2017 When is a U-turn not a U-turn? When it’s made by strong and stable Prime Minister Theresa May, of course, who insisted yesterday that her sudden pledge to cap the amount of money people will pay towards their social care was in no way a change of tack. The Tory leader put on an impressive [...]