There are good reasons to be optimistic about the City’s prospects post-Brexit January 6, 2017 The risk and uncertainty of Brexit has cast a shadow over parts of the City, with some worried that two of London’s great crowns – global litigation centre and global financial capital – will be threatened. But how much will London’s standing on the world stage change in these respects as a result of Brexit? [...]
Business secretary Greg Clark to hone in on industrial strategy in raft of meetings with companies next week January 5, 2017 Business secretary Greg Clark is expected to hold meetings with a raft of companies next week to discuss industrial strategy ahead of a green paper due out later this month. City A.M. understands Clark will be in meetings throughout the week with business figures from a range of industries to discuss the UK's nascent industrial [...]
Prime Minister Theresa May to visit President-elect Donald Trump in the US next month January 5, 2017 Prime Minister Theresa May will visit President-elect Donald Trump in the US next month. The PM will visit Washington DC after Trump's inauguration, which is on 20 January, a senior Number 10 source told Sky News. Trump invited May to visit him "as soon as possible" in a phone call the day after the US [...]
Royal Mail pensions closure: Unions warn on strikes if they disagree with plans January 5, 2017 Royal Mail today revealed plans to scrap its mammoth pension scheme that serves 90,000 postal workers. The former state-owned firm said the current final salary surplus would run out in 2018 and unless changes were implemented, the bill for servicing the scheme could run to over £1bn a year – a level it said “would [...]
Whitehall’s top mandarins are demanding a pay-rise because of Brexit January 5, 2017 A union representing top civil servants has written to the government to demand pay rises because of the pressures of Brexit. In evidence submitted to the Senior Salaries Review Body, which advises the government on pay for public sector workers, the FDA has warned 94 per cent of senior civil servants believe the current pay regime “is not [...]
Six things we know about Sir Tim Barrow, the UK’s new ambassador to the EU January 5, 2017 The Foreign Office moved rapidly yesterday to recruit a new ambassador to the EU, announcing senior diplomat Sir Tim Barrow's appointment within 48 hours of the resignation of his predecessor, Sir Ivan Rogers. But what do we know about the new man? Read more: Former EU ambassador “couldn't be trusted” by ministers says IDS 1. [...]
Don’t touch that dial: Nigel Farage is getting his own radio show January 5, 2017 Former Ukip leader Nigel Farage is to present his own nightly radio show from next week. In news likely to interfere with his prospects of becoming the UK's ambassador to Washington, Farage will present an hour-long show from Monday to Thursday on talk radio station LBC. The former Ukip leader – who stood down last summer professing a [...]
Cambridge academics have blasted the Treasury over “Project Fear” Brexit warnings January 5, 2017 A series of dire warnings from the Treasury ahead of last summer's Brexit vote have been called into question by academics at Cambridge, who say leaving the EU could halve net migration. Academics from the University of Cambridge examined official government warnings ahead of the referendum – and said several predictions were “found wanting”. In [...]
The optimal Brexit strategy is really quite simple – if Britain leaves the Customs Union January 5, 2017 Discombobulate means to confuse or disconcert. It’s a word which is likely to become very apt as politicians and the media struggle to define the Brexit strategy between now and the end of March – the deadline for initiating Article 50. For the life of me I can’t work out why everybody seems to be [...]
We won’t close the gender pay gap in the City until we face up to the pressures of having a family January 5, 2017 The Resolution Foundation’s report yesterday on the gender pay gap shows progress for young women graduates, but makes for depressing reading for women approaching their 30s. The pay gap for women in their 30s and 40s has hardly changed in a generation. The report concludes that having children has a “sharp and long-lasting” effect on [...]