Business should embrace the government’s radical corporate governance proposals to strike a better relationship with the public November 29, 2016 What is it about luxury yachts that seems to get policy-makers so worked up? The UK’s Corporate Governance Code will be 25 years old next year and it’s worth reflecting on why it came into existence. It was the collapse of Robert Maxwell’s business empire that led to the first Cadbury Code, which has evolved [...]
As government faces a fresh legal challenge on Brexit, is it unlikely Article 50 will be triggered before the end of March? November 29, 2016 Olly Kendall, managing director and founder of Westminster Public Affairs, says Yes. The odds of Article 50 being triggered by the end of March lengthen by the day. A new legal challenge to the government argues that Parliament should also have a say over whether to trigger Article 127 – the exit mechanism from the [...]
Sadiq Khan reveals his spending plans for £3bn Treasury housing fund November 29, 2016 A huge injection of Treasury cash will be used to build a combination of homes to rent and buy in the capital following a deal between the government and City Hall. In the Autumn Statement, chancellor Philip Hammond revealed the Treasury has agreed to hand City Hall of control of £3.15bn in funding to develop 90,000 [...]
The UK and Poland have agreed to work together to support entrepreneurs November 28, 2016 The UK and Poland will work together on plans to support entrepreneurs in both countries. Prime Minister Theresa May said today that the plans would be focused on small enterprises, and boost the strong economic ties between the nations. Bilateral trade between the UK and Poland was worth £15bn last year, and UK exports to Poland [...]
The official Remain camp is refusing to back a fresh Brexit legal challenge November 28, 2016 Campaigners from the EU referendum's official Remain group have declined to back a fresh legal challenge to Brexit. A plan by a think tank to challenge the government over it's right to withdraw the UK from the European Economic Area emerged late on Sunday. British Influence wrote to Brexit secretary David Davis to warn it [...]
The Treasury is now refusing to commit to a £9 hourly living wage by 2020 November 28, 2016 The Treasury is refusing to commit to a £9 national living wage within four years, just days after the OBR downgraded its forecasts for UK growth. The OBR predicted that the UK would need £60bn of extra borrowing over five years, and warned that earnings are no longer expected to reach the levels needed to [...]
Draghi takes a tough line on the UK’s Brexit negotiations and says ECB will “assess the various options” on extending quantitative easing at its December meeting November 28, 2016 Europe’s most influential central banker has taken a tough stance against the United Kingdom ahead of it beginning the process of leaving the European Union, while calling for the UK government to lay out its objectives "as soon as possible". European Central Bank president Mario Draghi made it clear he thought Europe should not weaken [...]
Firms would be “foolish” to defend the status quo on salaries according to outgoing IoD boss Simon Walker November 28, 2016 Outgoing Institute of Directors boss Simon Walker is to warn that employers should not try to fight Theresa May's plans to clamp down on executive salaries. Business secretary Greg Clark will formally launch a government paper on corporate governance tomorrow, with proposals expected to include a requirement for large, public firms to publish pay ratios [...]
Paul Nuttall has been elected as Ukip leader, replacing interim chief Nigel Farage November 28, 2016 Paul Nuttall has been appointed as Ukip leader, putting an end to one of the more dramatic party leadership election processes the UK has seen in recent years. Nuttall is MEP for the north west of England, and previously served as Ukip's party chairman, deputy leader and leader of the Ukip MEPs. Technically, Nuttall replaces [...]
The London mayor’s ploughed £2.5m into startups since Brexit November 28, 2016 The Mayor of London has ploughed more than £2.5m into the capital's soon-to-be star startups since the vote for Brexit in a bid to show the world the city's "open for business", as he unveiled a new line up of advisors drawn from the UK's ranks of top entrepreneurs and business leaders. Sadiq Khan hailed the London Co-investment [...]