Budget 2017: Local authorities encouraged to tackle city congestion in £690m competition March 8, 2017 In the battle to tackle urban congestion, Philip Hammond will create a £690m competition for local authorities to address the issue and get local transport networks up and moving. He also repeated the £220m announced in the Autumn Statement that will be invested to tackle pinch points on national road networks – this includes £90m to the [...]
Budget 2017: £5m in returnship funding pledged to help people coming back from career breaks March 8, 2017 The focus on helping women back into work following a career break has been given a boost with the announcement £5m will go towards extending return to work schemes to all levels of management. The funding will also go into industries where women are underrepresented, chancellor Philip Hammond said today in his Budget. The chancellor said [...]
Marine Le Pen could win the French election: Markets need to expect the unexpected March 8, 2017 If there's one thing markets have had to come to terms with in recent years, it’s that assumption breeds complacency. Such is the case with the upcoming elections in France: investors should have hawk eyes focused eyes on The Republic. With the yield spread between French and German 10-year government bonds touching their highest level [...]
Iceland will be the first country to make its firms obtain certification to prove they offer equal pay March 8, 2017 Iceland has become the first country to make companies obtain certification to prove they offer equal pay, regardless of gender, ethnicity, sexuality and nationality. The Equal Pay Standard, on which the certification requirements are based, assesses a firm's pay policies, classification of jobs according to equal value and wage research on the basis of classification, as [...]
LIVE: Budget 2017 – reaction to chancellor Philip Hammond’s speech March 8, 2017 Live coverage of Philip Hammond's first (and last) Spring Budget, with measures expected on Stamp Duty, T-levels, business rates, national insurance and fuel duty.
Sacked government industrial strategy adviser Lord Heseltine says he never met Prime Minister Theresa May March 8, 2017 Tory big beast Lord Heseltine has revealed that he never met Prime Minister Theresa May, despite holding five different roles as an adviser to her government. Heseltine, who was sacked late last night after joining the Brexit rebellion in the House of Lords, had worked on areas including May's flagship industrial strategy, and had been due [...]
Budget 2017 UK: When does Philip Hammond’s Spring Budget speech start and where can I watch it? March 8, 2017 How much more will you be paying for a pint? We'll soon find out as chancellor Philip Hammond will unveil new spending powers this week. What is the Spring Budget? This will be Hammond's first and last Spring Budget, as the annual Budget announcement is set to move to a new schedule focused on the [...]
Lord Heseltine is sacked by the government after leading Lords rebellion on Brexit March 8, 2017 Conservative stalwart Lord Heseltine has been sacked by as a government adviser after yesterday rebelling in the House of Lords vote on Brexit. Heseltine, a long time Europhile, backed the House of Lords' motion that legislation dictates parliament should have a vote on the final Brexit deal. He was relieved of five government advisory roles [...]
Business teaches you how to negotiate: Here’s the Brexit advice I would give Theresa if I was at Number 10 March 8, 2017 As an entrepreneur, I’m naturally optimistic. I’ve always seen the upside in the UK becoming an independent nation, which is why I supported Vote Leave during the referendum campaign. My business career has also taught me some valuable lessons on how to negotiate successfully. If the government is given space to negotiate our exit from [...]
A forecast for a bounce in the UK’s GDP has put a spring in Philip Hammond’s step ahead of his first Budget March 8, 2017 Chancellor Philip Hammond will today give an upbeat assessment on the future of the British economy in his debut Budget, as the Organisation for Economic Co-operation and Development (OECD) becomes the latest body to upgrade its UK growth forecasts. The influential Paris-based OECD yesterday said UK GDP growth will reach 1.6 per cent this year, up [...]