Sadiq Khan’s new tech-heavy business advisory board will include executives from Facebook, Citymapper and Love Home Swap November 27, 2016 Sadiq Khan will name executives from companies including Facebook, Citymapper and Love Home Swap as part of his business advisory board Monday, according to Sky News. Nearly one-third of the 16-memeber-group work directly in the tech sector, including Nicola Mendelsohn, vice-president of Facebook and head of its European operations. Last week, Facebook announced plans to create [...]
The UK’s the fifth most entrepreneurial country in the world November 27, 2016 The UK is better at fostering entrepreneurial talent than nearly every other country in the world, new research reveals, propelled ahead of the US thanks to its finance expertise and favourable policies. The UK ranks fifth behind only Singapore, New Zealand, Denmark and Canada when it comes to creating an environment where entrepreneurs can flourish, according [...]
A third of City workers reckon their employers might move abroad because of Brexit November 25, 2016 A third of City workers reckon say their employers might be planning to relocate after the Brexit vote, a new study has found. The survey, by Morgan McKinley, found 31 per cent of those in the Square Mile believe their bosses either definitely are or might be moving parts of their business abroad. Just under [...]
Businesses must act now to avoid a cyber-security skills deficit November 25, 2016 An unnamed 17-year-old computer hacker from Devon has now pleaded guilty to seven charges under the Computer Misuse Act for hacking the British telco TalkTalk earlier this year. Unfortunately he is not alone. He is just one example of tech-savvy teens in need of guidance. Safeguarding critical systems and networks is becoming more important for businesses [...]
City A.M. Unregulated podcast: The art of professional idling, with Tom Hodgkinson November 24, 2016 Entrepreneur and professional idler Tom Hodgkinson talks about how he turned The Idler into more than just a magazine, and explains why laziness is an important part of creativity. Also the author of Business for Bohemians, Hodgkinson explains why our obsession with productivity is getting us down – and why he is passionate about spreadsheets. [...]
Nic London says government planning procedures are impeding small housebuilders November 24, 2016 Figures released earlier this month show that nearly 200,000 homes were added to the housing stock in 2015-16 – a good start to delivering the 1m homes the government has pledged this parliament. But more needs to be done if we’re going to continue to build enough houses for our burgeoning population, and we will [...]
What the Autumn Statement meant for SMEs November 24, 2016 This year's Autumn Statement saw the chancellor announce a mild loosening of the public finances in order to invest in closing the productivity gap between Britain and other developed nations. Against a backdrop of slower growth in 2017 and 2018, Philip Hammond’s measures focused on housing and infrastructure, and the allocation of funding towards innovative [...]
A lack of digital prowess in the finance sector is hindering growth November 24, 2016 Lack of digital prowess in the finance sector is hindering growth. Here’s a sobering statistic. The average client-facing professional in the financial industry achieves a score of 20 on LinkedIn’s Social Selling Index (SSI.) The maximum score is 100. LinkedIn’s SSI measures the promotional competence of individuals, companies and industries on the networking site. The [...]
The National Living Wage increase fell short of expectations, moving up only 30p to £7.50 in April 2017 November 23, 2016 The National Living Wage fell short of forecasted expectations. The rate will rise 30p to £7.50 in April 2017, but experts predicted it would rise to £7.60. Chancellor Philip Hammond announced the four per cent increase to wages for over-25s in his Autumn Statement Wednesday. This equals an increase of £500 a year to over a million full-time workers, Hammond said. [...]
Eh? Rolls-Royce and Game are among the 25 best UK companies to work for. Supposedly. November 23, 2016 An engineering giant which has issued a string of profit warnings, two retailers which recently came out of administration and a bank which was the centre of a major scandal this year are among UK employees' 25 favourite companies to work for, according to new research. Rolls-Royce came top of jobsite Indeed's Top Employers in Britain list. The [...]