City lobby group kicks off talks with chancellor over Brexit plans September 7, 2016 City heavyweights will meet with chancellor Philip Hammond today to discuss Brexit, the first in a series of industry roundtables due to take place over the coming months. It will involve several members of the newly-created trade body European Financial Services Chairman’s Advisory Committee, including Baroness Vadera, the chairwoman of Santander UK and a former Treasury minister. Read [...]
Rent growth continued to slow in August September 7, 2016 Rents kept on an upwards climb in August, but the pace of rent growth is slowing. In August, prices grew by 3.1 per cent year-on-year, according to HomeLet's rental index. Tenants signing new agreements paid an average £913 a month. Read more: Here's where private rents are increasing fastest (and it's not London) But this [...]
City Moves for 7 September 2016 | Who’s switching jobs September 7, 2016 Opus Opus Global, the provider of SaaS-based compliance solutions, has appointed Emanuele “Manny” Conti as chief executive officer. Emanuele brings more than 20 years of leadership experience in the risk management and data analytics industries, with a proven track record of building global growth-oriented businesses. He was most recently CEO of Kroll and before that, president [...]
The big business class-only problem: Why high-end services like La Compagnie don’t take off in Britain September 7, 2016 Sir Richard Branson’s trademark “devil may care” attitude is evident when he talks about founding Virgin Atlantic. He has said: “In the ’80s my gut feeling was that airlines were crap. I hated spending time on planes. I thought we could create the kind of airline I’d like. So we got a secondhand 747 and [...]
Think tank hits back at businesses trying to neuter Osborne’s living wage September 7, 2016 A leading think tank has urged Theresa May to ignore the complaints of businesses and push ahead with raising the national living wage (NLW) over the coming years. The Resolution Foundation has today called on the prime minister to “stick to her guns”, warning watering down the policy could result in low-paid workers losing out [...]
London backed to retain world-beating status as city for opportunity after Brexit September 7, 2016 London has retained its status as the world’s greatest city for opportunity, and will hold on to the top spot if it seizes the chances presented by Brexit, according to an in-depth study published this morning. For the second year running, London beat the likes of New York, Beijing, Singapore and Tokyo, to top a global [...]
City passporting rights must be at the top of the government agenda on Brexit talks, according to an influential think tank September 7, 2016 City passporting rights must become the government's first priority following Brexit, according to an influential think tank, which also argues that London can remain Europe's leading financial services centre. A paper from the Margaret Thatcher founded Centre for Policy Studies today argues that while Brexit will bring challenges for the UK's financial services industry, it [...]
Delays on a new runway decision are costing the UK up to £1m an hour in emerging markets trade, according to a new study September 7, 2016 Delays in decision making on airport expansion are costing the UK as much as £1m ever hour in lost trade with emerging markets, according to a new analysis. Sir Howard Davies first recommended expansion at Heathrow last July, but since then the government has failed to approve the plan, and is currently set to return [...]
That massive UK current account? Don’t worry about it, yet September 6, 2016 The UK has been told its record-high current account deficit may not be cause for concern, despite the result of the EU referendum raising fears over a potential balance of payments crisis. Ratings agency Fitch has said it is too early to begin fretting about whether the UK economy will come under pressure from a [...]
UK and Australia to start planning free trade deal September 6, 2016 The UK and Australia will start to lay the groundwork for a sweeping free trade deal ahead of the UK's formal exit from the EU. At an event in London this evening, trade secretary Liam Fox and his Australian counterpart Steven Ciobo announced the creation of a "bilateral trade working group" to shape out the details [...]