Up to 30pc of jobs are at risk of being replaced by automation by 2030 – but it’s not all bad March 24, 2017 As many as a third of all jobs in the UK are at risk of being lost to machines within the next 15 years, fresh research reveals. However, it’s likely that technologies related to artificial intelligence will create new jobs, according to the research from PwC, and automation will boost productivity and wealth overall, offsetting [...]
Deutsche Bank puts faith in Brexit Britain with new City headquarters at 21 Moorfields in 2023 March 24, 2017 Deutsche Bank, Germany’s biggest lender, has given London a resounding vote of confidence by agreeing a 25-year lease on new UK headquarters in the Square Mile. Staff at the bank were informed yesterday of the plan to move to a new development being built at 21 Moorfields, in 2023. Most of Deutsche’s London-based staff currently [...]
A Dutch government-commissioned report has stressed the importance of City access ahead of Brexit talks being opened by Prime Minister Theresa May March 23, 2017 An official report commissioned by the Dutch government has stressed the importance of the City to EU markets ahead of Brexit negotiations. The report, published in Dutch this week, advises ministers against seeking to offer passporting to UK institutions, but instead calls on the incoming administration to push for “the second best” of a boosted [...]
Complaints about Govia Thameslink Railway surge 347.1 per cent in a year after months of Southern rail troubles | City A.M. March 23, 2017 Complaints about Southern rail’s parent company Govia Thameslink Railway (GTR) rocketed over 300 per cent in the third quarter of last year and accounted for nearly a fifth of all complaints made nationally. The 347.1 per cent rise came from the Office of Rail and Road (ORR)’s latest stats on complaints made by passengers regarding [...]
Islamic State (ISIS) claims responsibility for London terror attack at Westminster March 23, 2017 Islamic State (ISIS) has claimed responsibility for yesterday’s terror attack at Westminster. The terrorist group said the London attacker was a ‘soldier of the Islamic State’, via its news agency Amaq. Eight people have been arrested in connection with the incident, which left four people dead after an attacker drove along the pavement of Westminster [...]
Workers return to the Gherkin after fire alert evacuation March 23, 2017 The Gherkin was evacuated this morning, after emergency services were called to reports of smoke in the basement of the City building. London Fire Brigade said: “Four fire engines and 21 firefighters and officers were called to investigate a smell of smoke coming from a generator room in the basement of the Gherkin at St [...]
The UK has awarded 25 oil exploration licenses for under-explored areas of the North Sea March 23, 2017 The UK has awarded 25 licences for oil and gas exploration across frontier areas of the North Sea. Licences were issued to 17 companies, and for the first time in 20 years they all focused on under-explored regions of the UK Continental Shelf (UKCS), the Oil and Gas Authority (OGA) said. Although the OGA said [...]
Bank of England deputy governor says sterling depreciation could boost British business investment | City A.M. March 23, 2017 The devaluation of sterling since the EU referendum could prompt an increase in business investment if exporters look through trade uncertainty, according to a deputy governor of the Bank of England. Ben Broadbent, one of the most influential members of the Bank’s Monetary Policy Committee (MPC), said the depreciation had created “something of a sweet [...]
Britain is right to reject EEA membership: As an Icelander, I should know March 23, 2017 The British government is absolutely right to reject remaining a member of the European Economic Area (EEA) after leaving the European Union. The government is also quite right to say that, by leaving the EU, Britain will at the same time exit the EEA, which includes all the EU member states plus three of the [...]
Is Princess Anne right to disagree with her brother Prince Charles about the benefits of GM crops? March 23, 2017 Sam Bowman, executive director of the Adam Smith Institute, says Yes. Those who spread misinformation and lies about GM foods have caused the disabilities and deaths of millions. Any commercially available GM crop has been rigorously tested and found to be safe, and they are widespread in the US without incident. Many could transform millions [...]