Leaked government documents reveal £75bn cost of hard Brexit October 19, 2016 Theresa May has come under fire for regurgitating pre-referendum economic warnings to claim leaving the EU Customs Union would cost the UK £75bn and inflict travel chaos across the country. According to The Guardian, the Prime Minister has circulated papers to top cabinet colleagues on her Brexit planning committee outlining the potential mutli-billion pound cost of a [...]
Sadiq Khan is facing a grilling over London visas, taxies and his abandoned plans for 2m trees October 19, 2016 Sadiq Khan faces a grilling over his hopes to launch work permits for London today, with Assembly members also set to press the mayor on the scrapping of tree planting targets and the safe use of smartphone apps by cab drivers Khan has repeatedly stressed his desire to install a work permit system for the city [...]
The City is struggling with the Whitehall Brexit machine October 18, 2016 Key figures in the City are growing increasingly frustrated with what they see as an indifferent and unsupportive approach towards the Square Mile in two of the government departments responsible for hammering out the UK’s Brexit deal. Several sources have indicated to City A.M. that, while Philip Hammond and his Treasury team are instinctively sympathetic [...]
Britain’s tech stars rally against Brexit immigration curbs in open letter October 18, 2016 Britain's top entrepreneurs leading the country's hottest startups have called on the government to ensure they can hang on to their access to talent and skills from abroad so they can remain competitive after Brexit. Zoopla boss Alex Chesterman and founder of fintech unicorn Funding Circle, Samir Desai, are among nearly 50 leaders of the UK’s most promising and successful [...]
Letter: Entrepreneurs urge government to consider access to tech talent after Brexit October 18, 2016 Entrepreneurs at the UK's fastest growing startups have signed an open letter urging government to consider the tech industry's need to access international talent in the wake of Brexit. Dear Editor, Britain’s digital industries are expanding at an extraordinary pace, creating jobs and contributing some £161bn in turnover to the economy. Companies like Just Eat, Mimecast, Shazam, Skyscanner, Mimecast and [...]
The UK’s accountants are calling on Philip Hammond to commit to infrastructure investment at next month’s Autumn Statement October 18, 2016 The UK's accountants are pressing Philip Hammond to follow plans for a new £3bn homebuilding fund with further public investment in his Autumn Statement next month. Hammond announced the scheme to back smaller developers alongside communities secretary Sajid Javid at the Conservative Party conference. Read More: British businesses issue their Autumn Statement demands And now, [...]
Is Ukip dead? October 18, 2016 Harriet Maltby, head of policy research, Prosperity Index at the Legatum Institute, writing in a personal capacity, says Yes. Ukip has long been a confused combination of Nigel Farage with his middle-class Eurosceptic Tories and disgruntled working-class Labour voters. It was Nigel, and the personality cult that followed him, that held the party together. Now he has [...]
Inequality doesn’t matter if we’re all paid according to the value we create October 18, 2016 Log on to Netflix and you can catch old episodes of Dirty Jobs, where you can watch host Mike Rowe visit plumbers, pig farmers, and steel mill workers and try his hand at some of the less sexy but utterly fascinating jobs that help make the world around us possible. All of these people work incredibly hard, [...]
There’s no room for complacency about the value of passporting rights to UK financial services October 18, 2016 For almost three decades, Brits have been wandering around the globe with small burgundy books in their pockets and purses. Since the June referendum, however, the colour of these travel documents has become a bone of contention for Brexiteers. In fact some have begun campaigning for the return of the old dark blue passport used until 1988 [...]
We may not get an official decision on airport expansion until 2018 October 18, 2016 Theresa May won't hold the final vote on airport expansion until 2017/18 to allow for public debate, she has confirmed. The delay, confirmed in a letter from May to her cabinet colleagues which was seen by City A.M. today, will give cabinet ministers including Boris Johnson and Justine Greening the chance to air their grievances with the choice if Heathrow [...]