Brexit secretary David Davis says UK must prepare for chance of no deal with the EU February 28, 2017 Brexit secretary David Davis has told cabinet ministers to prepare for the possibility of the UK not reaching a deal with the EU after leaving the EU. Davis described the UK leaving the EU without a trade deal as an “unlikely scenario” but warned the UK must prepare for the failure to negotiate a deal, [...]
Deputy governor of the Bank of England Ben Broadbent appointed by Mark Carney as member of Prudential Regulation Committee board February 28, 2017 Ben Broadbent, the Bank of England deputy governor responsible for monetary policy, including monetary analysis and notes, has been appointed by governor Mark Carney, to take a seat on the influential Prudential Regulation Authority (PRA) board. The appointment is in conjunction with structural reform of the Bank’s governance, following the breakup of the former Financial [...]
Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
US immigration from the UK doubles following Donald Trump’s election February 28, 2017 A sharp increase in single flight bookings to the US appears to have occurred during January and February, as people rush to beat President Donald Trump’s looming travel ban. The number of one-way flights booked to America from the UK has doubled since the start of 2017 compared to the same period in 2016, according [...]
Pensions triple lock: Labour calls for government to preserve payment structure beyond 2020 February 28, 2017 Labour will today demand that the government guarantees the pensions triple lock beyond 2020. In a speech on intergenerational fairness, Debbie Abrahams, Labour’s shadow work and pensions secretary, will say the current commitments by the Conservative government are not enough. The triple lock increases state pension payments annually by either inflation, average earnings growth or 2.5 per cent, whichever is highest. The [...]
What we want from the government’s long-awaited digital strategy February 28, 2017 The tech industry on both sides of the Atlantic has been united in opposition to restrictive immigration policies, with advocates, entrepreneurs and investors making it clear that access to talent is crucial to building a healthy technology ecosystem. But a global tech sector also requires access to home-grown talent, and a system of training and [...]
The costs of running a business in London are starting to outweigh the benefits February 28, 2017 The late, great Robin Williams once said: “Spring is nature’s way of saying, ‘Let’s party’.” When the chancellor stands up to deliver the last ever Spring Budget next week, however, small businesses in London are likely to be putting party plans on hold unless Philip Hammond can pull the miraculous business rates “rabbit out of the [...]
MPs have warned keeping the pensions triple lock means no one will retire until they’re 70 February 28, 2017 The state pension age may need to rise beyond the life expectancy of some of the UK's poorest places in order to be compatible with retaining the “triple lock” on payments, MPs have today warned. In a report published this morning, parliament's Work and Pensions Committee warned keeping the policy will push the pension age to [...]
Revealed: David Cameron’s mornings begin with City A.M. February 27, 2017 Last time we checked there were 1,456 reasons why City A.M. should be the first thing you read every morning, dear reader. And this week, we found another one: former British Prime Minister David Cameron starts his day reading our newsletters. City A.M.EN to that! Read more: Revealed: David Cameron's new jobs Cameron, who was [...]
Housing minister quizzed by MPs on plans to boost housing supply February 27, 2017 The housing white paper is designed to reduce the amount of money wasted, and time spent, on plan making according to housing and planning minister Gavin Barwell. Barwell, MP for Croydon Central, was questioned at the Communities and Local Government (CLG) Committee during the final public session of its inquiry into capacity in the housebuilding [...]