The Apprentice 2015 candidates: Hardly any City folk want to work for Alan Sugar any more October 15, 2015 Though stars of The Apprentice are already jumping through hoops to work with TV finger pointer Lord Sugar, City workers are the most apathetic they’ve ever been about the show, with most lawyers and accountants saying they would never quit their jobs to go and work for the man himself. Some 18 per cent of lawyers [...]
US inflation rate drops to zero in September but core inflation is nearly on target October 15, 2015 Annual inflation in the US dropped to zero per cent last month from 0.2 per cent in August, weighed down by cheap fuel, according to figures released today by the Bureau for Labor Statistics. The consumer price index (CPI) – the basket of goods and services used to measure inflation – fell 0.2 per cent from [...]
EU referendum: Prime Minister David Cameron says he’ll spell out his demands in November October 15, 2015 After months of speculation, Prime Minister David Cameron has finally set a date for spelling out his demands to the European Union – and it's only weeks away. Cameron told reporters in Brussels today that the pace of renegotiation efforts between Britain and the EU would "quicken" and that he would set out "four vital areas where [...]
Barclays is teaming up with blockchain startups Chainalysis and Wave as the bank’s bitcoin experiment expands October 15, 2015 Barclays has signed contracts with two blockchain startups in what the bank is calling a “game-changer”. This is one of the first times a major bank has opened up for such a cooperation with blockchain clients, as many bitcoin companies have had difficulties gaining access to banking services. Barclays chief design and innovation officer Derek [...]
Adam Posen, Simon Wren-Lewis and Lord John McFall to join former rate-setter Danny Blanchflower on Labour committee reviewing the Bank of England’s remit October 15, 2015 Labour economic adviser David "Danny" Blanchflower will be joined by US economist Adam Posen, Oxford professor Simon Wren-Lewis, and former Treasury Select Committee chair Lord John McFall, to develop proposals for a change to Bank of England’s remit. The Bank currently adjusts interest rates to ensure inflation will be two per cent over a two-year horizon. Read more: Blanchflower [...]
When it comes to fair practices for small business the government is tinkering at the edges: The UK must outlaw late payments completely October 15, 2015 The time has come to ban payment of invoices after 90 days to signal the end of Britain’s late payment culture and deliver a much-needed boost to small and medium-sized businesses. SMEs are being stifled by a lack of funding from traditional banks, which has cost the UK economy an estimated £2.9bn in lost turnover [...]
UK bioscience sector secured a record £1.2bn investment last year, but scientists warn cuts will hold Britain back October 15, 2015 Britain's biosciences sector netted a record amount of investment last year, according to research by the BioIndustry Association (BIA) and professional services firm EY. Over the 12 month period, it secured £1.2bn in public equity and venture capital funding – more than double the £498m it raised in 2013, and the highest level since the [...]
Bank of England hires Deloitte to lead review into payment systems and Chaps crash October 15, 2015 Remember when the Bank of England's Chaps payment system crashed, causing chaos across the system when large money transfers were suspended? More than a month on, the Bank of England has got around to appointing someone to find out what happened. The winner of that dubious accolade: Deloitte. A problem with the Bank's Real-Time Gross [...]
Peeple, the controversial human-reviewing app, has the right idea. Let’s start rating one another constantly October 15, 2015 Peeple, the controversial new rating app that’s been dubbed “Yelp for people”, launches this week amid concerns that giving star ratings to fellow human beings is unethical, creepy and will render us all vulnerable to a horrifying new realm of online abuse the likes of which the internet has never seen. Which is all well [...]
Rock Band 4 review: The plastic guitars are back October 15, 2015 Rock Band 4 | ★★★★☆ Xbox One, PS4 Remember all of those rhythm action music games? They were here for a while, and then they went away. But they were fun, weren’t they? With the pretend guitars and the pretend drums and the parties and the jumping around. It was the mid 2000s, we were younger, more [...]