City firms expected to forge strong deals after Brexit October 31, 2016 Independence from European Union laws and regulation will enable the UK to “make beneficial trade deals with partners around the world”, according to analysis from the Legatum Institute, a think tank whose Special Trade Commission was set up post-referendum to examine the UK's negotiating options. While senior figures from across the City have raised concerns [...]
Bank of England governor Mark Carney looks ready to remain in post beyond 2018 October 30, 2016 Mark Carney is expected to extend his term at the Bank of England beyond 2018 after a weekend of speculation over his future. The governor is said to be readying himself to make a statement on his future this week and put an end to the uncertainty. Read more: Mark Carney looks set to leave [...]
Business groups are demanding a raft of industrial strategy interventions to boost productivity October 30, 2016 Business groups are pushing the government to dramatically boost productivity through a raft of plans to back infrastructure growth, hiring and training. A government consultation has seen lobbyists deluge Greg Clark's Department for Business, Energy and Industrial Strategy with demands to boost the UK's economy. Theresa May's desire to publicly reintroduce industrial strategy to the UK's [...]
Some of the UK’s largest drugmakers are set to meet ministers over Brexit concerns next month October 30, 2016 Pharmaceuticals bosses are set to meet with ministers next month in a bid to press their case for government support in the ahead of formal talks on quitting the EU. Business secretary Greg Clark said today that the government had reassured automaker Nissan over its negotiating plans for Brexit, and now the drugmakers are to [...]
Theresa May could axe customs union membership to access £17bn worth of trade deals according to a Boris-backed Brexit campaign October 30, 2016 Theresa May can secure trade agreements worth twice the amount offered by the European Union if she takes the UK out of the customs union, according to leading Brexiteers. Research from Change Britain, a campaign group backed by foreign secretary Boris Johnson, found 14 countries have expressed interest in a trade pact. And the economies [...]
Donald Tusk issued a warning against isolationism at the Ceta signing October 30, 2016 EU council president Donald Tusk has issued a passionate defence of the merits of free trade and warned against isolationism at the signing of a new pact with Canada. Speaking as EU officials gathered to sign the Ceta deal alongside Canadian prime minister Justin Trudeau, Tusk said the delays in signing the deal were reflective of [...]
The City is set for a £12bn windfall after liberation from EU red tape, according to these Brexiteers October 30, 2016 The City is set for a £12bn a year windfall thanks to liberation from EU red tape, according to a "Hard Brexit" campaign. Leave Means Leave, which was launched by senior Tory Eurosceptics last month, claims that quitting the EU will “accelerate” the UK's financial services sector. Senior City voices, including the British Bankers' Association, [...]
Tory Brexiteer Nadim Zahawi says the UK should pay into the EU budget to secure tariff-free Single Market trade October 30, 2016 A leading Conservative Brexiteer has called on the government to maintain contributions to the EU's budget to secure tariff-free trade. Nadim Zahawi, who previously served as David Cameron's apprenticeship adviser, said the UK should continue to pay “a proportion” of the £13bn paid into the EU. Writing in the Mail on Sunday, Zahawi said Brexit leaves [...]
Hillary Clinton hits back at FBI again over email saga October 30, 2016 US presidential hopeful Hillary Clinton has hit back again at the FBI director James Comey for deciding to dredge up the matter of how she used her private emails so close to the vote. The Democratic presidential nominee has called on Comey to come forth with more information on why he has decided to reconsider the matter of the [...]
Sir John Parker’s diversity review wants all-white FTSE 100 boards to end by 2021 October 29, 2016 2021 will be the year all-white boards at FTSE 100 firms are over. At least if Sir John Parker has his way. According to Sky News, the findings from Sir John Parker's review into diversity on boards will be unveiled in a government-backed report next week. The report will state that Britain's biggest firms should have [...]