The economic impact of Brexit tariffs only tells us half the story October 30, 2019 Brexit is about much more than the economic costs and benefits, but the idea that the former dramatically outweigh the latter has become the received wisdom in much of the media. Report after report emerges which purports to show that, under any of the various trade arrangements envisaged, the UK will be worse off as [...]
UK banking sector coughs up £40bn as tax burden mounts October 30, 2019 Banks in the UK stumped up almost £40bn for the Treasury coffers in the last year as the tax burden facing lenders mounted. Taxes borne by the banking sector have soared by 50 per cent over the past five years, according to a report out today from trade body UK Finance and accountancy giant PwC. [...]
Single cyber attack on Asian-Pacific ports could cost $110bn October 30, 2019 A single cyber attack on Asia-Pacific ports could cost as much as $110bn (£85bn), Lloyd’s of London has claimed. The historic insurance market has published a report warning that the global economy is unprepared for a scenario in which an extreme computer virus could infect 15 ports across Japan, Malaysia, Singapore, South Korea and China. [...]
Pet Sematary trailer ‘inappropriately targeted’ at children, watchdog rules October 30, 2019 The advertising watchdog has censured film studio Paramount Pictures after a “frightening” trailer for the horror film Pet Sematary was shown before Youtube videos likely to appeal to children. The trailer – which opened with a girl walking through some woods with a voiceover stating: “Something up in those woods, it brings things back; sometimes [...]
London homes take longer to sell than other UK cities October 30, 2019 Property owners seeking to sell their homes in London could be forced two wait an extra two weeks compared to other major UK cities, as the capital suffers from weak market conditions. Residential properties now take 14.5 weeks to sell, more than one month longer than it took to complete a sale in 2016. Read [...]
Two surveys say business confidence plumbing depths on Brexit crisis October 30, 2019 Two surveys of UK business leaders published today show plunging confidence as the country’s political crisis drags on. Accountancy firm BDO found business leaders in the UK were the least confident of any major European country, with two thirds of respondents believing the economic climate will deteriorate over the next six months and only 10 [...]
It’s on: Christmas election to decide fate of Brexit… maybe October 29, 2019 VOTERS will be given an opportunity to break the impasse in parliament in just over a month, after MPs finally backed the Prime Minister’s efforts to go to the polls. A snap election will take place on 12 December – the first December vote since 1923 – with parties gearing up for a bruising battle [...]
Could London hold the election key? October 29, 2019 Parliament has been bracing itself for an election for weeks – but that doesn’t mean MPs are ready, or happy, about the prospect. Labour MPs have been most vocal about it, with divisions between the Leader of the Opposition’s office (LOTO) and the rest of the party laid bare as MPs reacted with dismay and [...]
Two Sainsbury’s executives to step down in boardroom shake up October 29, 2019 The new chairman of Sainsbury’s is planning a major boardroom reshuffle as the UK’s third-biggest supermarket tries to move on from the collapse of its planned £15bn merger with Asda. Read more: Sainsbury’s heir to the thrown quits to join media powerhouse WPP Google’s Europe operations chief Matt Brittin and ex-Marks and Spencer executive Jean [...]
Pound climbs on General Election news but traders foresee rocky ride October 29, 2019 The pound jumped today after it became clear the Labour party would back a December General Election, but it has since settled back down as traders steeled themselves for a volatile six weeks. Read more: Labour to back PM’s call for December General Election Sterling has had an extremely rocky few months. It hit a [...]