IT talent being lured out of London by other Tech Cities, finds Experis report November 3, 2015 Technology talent could be tempted away from London, with almost one in three IT jobs now being offered outside of the capital, a study released today by resourcing specialist Experis has found. Experis’s latest Tech Cities Job Watch report revealed that the number of IT jobs advertised in London dropped by eight per cent to [...]
UK export sales drop to six-year low and risk going into reverse – BCC and DHL November 2, 2015 Export sales have fallen to their lowest levels in six years according to the British Chambers of Commerce (BCC) and logistics company DHL. London saw its trade performance drop by 7.8 per cent over the previous quarter, while Wales recorded the largest decline, of 13.3 per cent. Scotland was the only part of the UK [...]
Venezuelan economy in worst state since 1940 – Capital Economics November 2, 2015 A lack of official economic data coming out of Venezuela has not stopped experts at Capital Economics from trying to quantify the crisis. The Capital Economics Venezuelan GDP Tracker has found the collapse in oil price as over the last 12 months has meant output is now contracting by close to 10 per cent year-on-year. [...]
UK’s capital gains tax bill shot up 43pc in one year to £5.5bn, announces accountancy group UHY Hacker Young November 2, 2015 Taxpayers forked out £5.5bn in capital gains tax (CGT) last year, up 43 per cent from £3.4bn the year before, UHY Hacker Young has announced. The accountancy group pinpointed increases in the CGT rate and removal of CGT reliefs, coupled with increased turnover in shares and buy-to-let properties as being behind the rise. And, having [...]
Standard & Poor’s warns of greater risks for Chinese insurers as they seek out overseas investments November 2, 2015 Chinese insurers could encounter increased risks as they seek investments overseas, a Standard & Poor’s Ratings Services report released today warned. The report notes that China’s recent economic slowdown and interest rates cut meant insurers were likely to generate less new business and have to increase their claim liability reserves on their existing business. These [...]
Markit PMI: Sterling climbs as UK manufacturing reaches 16-month high – factory output grows amid growing consumer demand and exports November 2, 2015 The pound jumped against the dollar this morning, after UK manufacturing reached a 16-month high in October, recording its best month since June 2014, according to Markit PMI. The pound rose 0.3 per cent to $1.5479 in mid-morning trading, after the index's seasonally adjusted headline figure rose to 55.5, up from 51.8 in September (which was itself revised [...]
UK house prices: The most popular properties in the UK according to Zoopla November 2, 2015 There's a lot more to the housing market than what's in offer in London, according to research by property website Zoopla. Read more: Land Registry – London house prices hit half million-pound mark Using data compiled from Zoopla's tool which allows users to search by "most popular", the company found a list of the five most popular properties in [...]
Tech entrepreneurs to David Cameron: Welcome skilled immigrants to keep the UK a global tech hub November 2, 2015 Over 230 entrepreneurs have urged Prime Minister David Cameron to welcome more immigrants in an open letter criticising restrictions on skilled migrants. The letter, organised by the Coalition for a Digital Economy and signed by the founders of Citymapper, Swiftkey and Unruly as well as Baroness Martha Lane Fox, founder of Lastminute.com, argued that the [...]
Kazakhstan president Nursultan Nazabayev sacks central bank governor Kairat Kelimbetov after tenge plummets November 2, 2015 Kazakhstan has ousted the governor of its central bank after the country's currency, the tenge, lost more than a third of its value in a matter of months. President Nursultan Nazarbayev – who arrives for a two-day visit to the UK today – sacked Kairat Kelimbetov, saying trust in the country's national currency and central bank [...]
London property prices: Luxury homes in Greenwich and Blackfriars going up for sale – in Kuwait November 2, 2015 Two new luxury developments in central London are going on sale this week, looking to tempt overseas property investors by holding the official launch at the Warba Tower in Kuwait. An "exclusive collection of homes" are being unveiled to Middle Eastern buyers on 4 and 5 November by developers Barratt Homes London, alongside Knight Frank and [...]