Britain sucked toward billion pound innovation funding Brexit black hole May 18, 2016 British business faces a billion pound funding black hole for research and development that risks leaving the nation trailing behind the rest of Europe when it comes to creating world leading technological and scientific innovation. More than a fifth of the UK’s £8bn competitive R&D funding in the last decade has come from Europe, but that [...]
UK house sales and purchases set to jump by a fifth by 2020 – but will still be below 2007 levels May 18, 2016 UK housing transactions are set to jump by a fifth by 2020, but this will still be eight per cent lower than pre-financial crisis levels, according to a new report today. Conveyancing services provider My Home Move predicts that the number of annual property transactions will rise from the 1.23 million recorded last year to [...]
Southern Railway strike: The RMT is ignoring the interests of commuters and its members May 18, 2016 For the second time in four weeks, the RMT union is striking on the Southern Railway network today, causing havoc for the 300,000 people we carry on their commute every day. This pointless and unnecessary dispute will doubtless infuriate every one of our customers. And I don’t blame them one bit. I share their frustration. People [...]
Has the Competition and Markets Authority missed a golden opportunity to overhaul the banking sector? May 18, 2016 Rishi Khosla, chief executive and co-founder of OakNorth, says Yes. While the CMA’s proposals will make it easier for individuals and businesses to compare and switch current accounts, and should help improve awareness and shopping around in the market, SMEs have once again been overlooked. The CMA has simply passed the buck to the Treasury, which [...]
You can’t have it all: The UK is one of the worst places to be a working mother in Europe May 18, 2016 Entire generations of women have been lied to about being able to have it all: a new report suggests the UK is one of the worst places to be a working mother in the developed world. A major new study of 18 countries in Europe and the US found that the cost of motherhood [...]
How Brexit will hit investment portfolios: What (little) we know so far May 18, 2016 The Bank of England and the International Monetary Fund both issued stark warnings last week about the EU referendum and the potential impact of Brexit. In a report, the IMF said that a Leave vote could have a “negative and substantial” long-run effect on UK output and incomes. Later, IMF managing director Christine Lagarde added [...]
Former EU adviser says refugee crisis could boost growth and wages in ailing European economies May 18, 2016 The refugee crisis has sparked widespread political strife throughout Europe, with governments struggling to agree on how to manage the influx. But now a former economic adviser to Jose Manuel Barroso says that the wave of migration could provide a €127bn (£99bn) shot in the arm to the continent’s economy. With 1.3m refugees expected to arrive [...]
Bank of mum and dad facing a funding crisis as children rack up £6,000 in withdrawals May 18, 2016 Parents are dipping into savings, eating up their pay packets and even taking out credit cards to provide assistance to their supposedly financially independent children. Over half of all parents have been tapped up by children over the age of 18 for financial assistance from the “bank of mum and dad”, according to a new [...]
Shareholders lambast Standard Life over excessive boadroom pay deals May 17, 2016 Standard Life faced a backlash from shareholders at its annual general meeting on Tuesday with 22 per cent of votes cast going against the investment group’s executive pay report. Other big companies caught up in a so-called shareholder spring in the past few weeks include BP, Smith & Nephew, Shire, Regus, Weir Group and Anglo American. [...]
Power 100 Women: The ultimate City power breakfast with Jayne-Anne Gadhia, Jean Stephens, Natalie Campbell and Caroline Makepeace May 17, 2016 Bravo to today's Power 100 women, and bravo too to the four list members who graced the stage at City A.M.'s Power 100 breakfast launch yesterday morning. Jayne-Anne Gadhia, Jean Stephens, Caroline Makepeace and Natalie Campbell all swapped their morning meetings to join our very own digital editor and podcast host extraordinaire Emma Haslett to talk about women, [...]