Claims globalisation has ‘had its heyday’ are premature, Lloyd’s chief executive says August 2, 2022 Claims the dual shocks of Covid and the war in Ukraine have halted the “all conquering forces of globalisation” are “premature,” Lloyd’s of London chief executive John Neal told City A.M. In an op-ed in this newspaper, the insurance chief said that while we will “rightly see a degree of retreat and retrenchment” in [...]
Londoners rent out homes by the hour to offset rising costs, says Peerspace boss August 2, 2022 There has been a “huge uptick” in Londoners renting out their homes by the hour, as a cost of living crisis and an explosion in content producing for the likes of TikTok and YouTube collide, according to one property venture’s boss. After launching in the UK last year, Peerspace, a marketplace for “off the beaten track” [...]
UK tech safety revenue and jobs soar as landmark bill gets shelved till autumn August 2, 2022 Despite the landmark Online Safety Bill being shelved until the autumn, UK safety tech sector’s revenues jumped 21 per cent to £381m in the last year.
UK small businesses scrap hiring plans in face of mounting economic uncertainty August 2, 2022 The proportion of UK small businesses seeking to expand their headcounts has plummeted over the previous quarter, according to new figures from the Association of Chartered Certified Accountants (ACCA). Just 12 per cent of UK small and medium enterprises (SME’s) are currently looking recruit new staff, compared to 37 per cent in March, figures from [...]
Tory leadership: Sunak attacks ‘one sided’ trade deals signed by Truss August 1, 2022 Rishi Sunak tonight launched an attack on post-Brexit trade deals signed by Liz Truss as he tried to woo rural Tory members. Sunak labelled the Australia and New Zealand trade deals negotiated by Truss when she was trade secretary as “one sided” during a hustings event in Exeter, while adding that the UK “shouldn’t be [...]
Sorrell set to call in former WPP Colin Day to help with S4 stock turnaround August 1, 2022 Sir Martin Sorrell is expected to call in former WPP exec Colin Day to help bolster S4 Capital's capabilities this week as the marketing giant battles a plunging share price.
UK MPs on Foreign Affairs Committee set to visit Taiwan August 1, 2022 A group of crossparty MPs are set to visit Taiwan in a move that will further inflame UK-China tensions. Westminster’s Foreign Affairs Committee was planning on making a trip to Taipei earlier this year, however it was postponed due to a positive Covid-19 case within the British delegation. The Guardian first reported that the trip will [...]
IFS: Sunak’s pledged Income Tax cut smaller than his tax rises as chancellor August 1, 2022 Rishi Sunak’s newly unveiled promise to cut the basic rate of Income Tax from 20p to 16p by the end of the decade is smaller than the tax rises he made as chancellor, according to an influential economic think tank. The Institute for Fiscal Studies (IFS) today also said the tax plans of Sunak and [...]
Thousands of UK businesses could face ‘significant delays’ in customs system shift August 1, 2022 Thousands of UK businesses risk “significant delays” to importing goods if they fail to move to the country’s new customs system before autumn, the government has warned. More than 3,500 businesses yet to transition to the Customs Declaration Service will be impacted when using the old system known as the Customs Handling Import and Export [...]
BT and Openreach strikes continue as Labour frontbencher Lisa Nandy joins picket line August 1, 2022 Thousands of BT and Openreach staff continued to strike today as the row over pay continues with the FTSE 100 firm.