UK banks will get transitional period after Brexit to trade in Europe says ECB official March 22, 2017 The European Central Bank (ECB) has said London banks will be able to take advantage of a generous transition period after Brexit – provided they move a big chunk of operations within the EU’s borders. Sabine Lautenschlaeger, an influential member of the governing council of the ECB, said the banking supervisor “will not accept empty [...]
IGas wins approval for new shale gas fracking exploration in Nottinghamshire March 22, 2017 IGas has won approval for a new shale gas exploration project from Nottinghamshire County Council. The firm, one of Britain’s leading shale explorers, has been granted planning consent to develop a hydrocarbon well site and to drill one exploratory well at the Tinker Lane site in North Nottinghamshire. IGas, like other onshore operators around the [...]
From Google to the Palace of Westminster: Here’s how much energy organisations get through in a year March 22, 2017 The Palace of Westminster’s annual energy consumption could power around 4,000 UK homes for a year. And that’s small fry compared to Google, which could power every home in the capital for five months, according to GoCompare Energy. The comparison site has conducted research on the annual energy usage of organisations like the Palace of [...]
Brexit will force Ireland to reconsider its own EU membership March 22, 2017 Despite the fact that Theresa May said she would trigger Article 50 before the end of March many months ago, the reality of it happening a week today will be a final wake-up call to governments across Europe – and no more so than in Dublin. The pressure for Ireland to reconsider its future in [...]
Matthew Taylor Modern Employment Practices review into the gig economy: Why is a Tory government indulging misguided calls for self-employment “rights”? March 22, 2017 Matthew Taylor was doing the rounds at the weekend, talking about the Review of Modern Employment Practices which he is conducting on behalf of the government – more evidence that Mrs May wants to rebrand the Conservatives as a sort of Blue Labour. Taylor, a former parliamentary wannabe who later worked for Tony Blair and [...]
Tech workers are twice as productive for the UK economy, Tech Nation 2017 report finds March 22, 2017 Those working in the booming digital technology sector are boosting the UK’s economic productivity more than twice as much as other workers, fresh research reveals. Tech industry workers’ contribution to the economy is put at £103,000 per year in terms of Gross Value Added (GVA) compared to the £50,000 contribution of non-digital workers, Tech City [...]
Here’s everything we know so far about the new £20 polymer note – what it looks like, what it’s made of and when it comes out March 21, 2017 The first images of the proposed new £20 note have been released by the Bank of England. Made from the same plastic polymer which is currently used to make the new £5 note, the new note will feature an image of the acclaimed British artist JMW Turner. Turner was selected after Governor of the Bank, [...]
England rugby head coach Eddie Jones takes another corporate job with investment bank Nomura March 21, 2017 With the Six Nations wrapped up and no England rugby fixture for three months, Eddie Jones has taken on a new job. The England head coach, who suffered his first defeat after 18 matches in charge against Ireland on Saturday, has secured a second role in the financial sector after agreeing a “three-year partnership” with [...]
Companies’ reputations hinge on corporate governance, now more than ever, according to a new poll March 21, 2017 NULL