Businesses back May’s tweaked approach to governance as green paper hints at fresh u-turns November 29, 2016 Businesses have welcomed new proposals on corporate governance which appear to show Theresa May continuing to tweak her stance on the sector. The widely-trailed plans included proposals to make publicly-listed firms publish pay ratios, and introduce a form of representation on public boards. But May had already backtracked on forcing firms to directly hand workers non-exec [...]
Donald Tusk says UK should trigger Article 50 right now if it wants to negotiate British citizens’ status in the EU November 29, 2016 European Council president Donald Tusk has told British MPs if they want to negotiate British citizens' rights in the EU, they need to trigger Article 50 now. In a response to complaints from MPs on monday, Tusk said to secure the fate of EU citizens in the UK and UK citizens living and working in [...]
“Posturing” Euro chief Dijsselbloem warns against London remaining Europe’s financial hub November 29, 2016 London cannot remain the Eurozone's financial hub if Britain is not bound by EU financial rules, Eurogroup President Jeroen Dijsselbloem has warned. Dijsselbloem told a European Parliament committee he did not expect Britain to accept being bound by EU rules after leaving the bloc, and so the Union would have to take a "firm stand" [...]
Latest campaign spending figures show a 52 to 48 per cent split between Leave and Remain in EU referendum donations November 29, 2016 The latest spending figures show donations to the Leave and Remain campaigns mimic the result of the EU referendum. The Leave campaign received 52 per cent, or £1,451,414, of donations while the Remain campaign received 48 per cent, or £1,344,419, according to preliminary data of donations under £250,000. Details of more than £4.5m in spending by 48 campaigners over the EU Referendum was [...]
Theresa May’s Conservatives now have a 16 point lead over Labour November 29, 2016 New polling data has shown Theresa May's Conservatives extending their advantage over the Labour party. According to new research published this morning by ICM, the Tories have a commanding 16 point lead over Jeremy Corbyn's party. Asked who they would vote for in a general election, 44 per cent of Britons told the pollster they would [...]
Business secretary Greg Clark says government wants to give a stronger voice to workers on boards November 29, 2016 Business secretary Greg Clark said Britain wants to strengthen the voice of workers on company boards, but defended plans not to completely overhaul the unitary board system. "We're not going to make it happen," he said of the idea of bringing employee representative onto the board, though he said it was an available option to [...]
Brexit memo shows UK may try to have its cake and eat it November 29, 2016 The UK could be pushing for a Brexit strategy that allows it to "have its cake and eat it", according to a memo carried by a political aide and snapped by a freelance photographer outside 10 Downing Street. The photographer tweeted the picture and asked: "Is this the first insight into Brexit seen going into [...]
London needs a new deal with its nation to secure a good Brexit for its leading industries November 29, 2016 We cannot assume that London will always succeed. No city is too big to fail. London must constantly reassert its global status because if a city isn’t rising, it’s falling. London has long been a world-leading financial centre and is now a magnet for the international technology sector and its startups. But, in an environment being [...]
A vote for No in the Italian referendum is unlikely to precipitate “Italeave”, but could worsen the situation facing the country’s beleaguered banks November 29, 2016 Since the European sovereign debt crisis, critics of the euro have asked how long the single currency can continue when the economies which use it are on such divergent trajectories. Now, after a third Greek bailout, a Brexit vote and Donald Trump’s presidential win breathing hope into eurosceptic parties across Europe, their prophesy may be [...]
Five evidence-based proposals to make sure executive pay benefits society November 29, 2016 Theresa May is absolutely right that executive pay needs reform as part of creating “a country that works for everyone”. Today, her government is expected to release a Green Paper outlining measures to ensure that chief executive contracts benefit society, not just the executives themselves. At The Purposeful Company, we applaud and share this mission. [...]