The gig economy needs a creative touch to regulation, not a knee-jerk ban December 2, 2019 The gig economy is a central part of what makes London the vibrant, world-class city it is. From Deliveroo to TaskRabbit to Uber, technological innovation is enabling people to work in ways they never could before and serve the needs of customers. It should be no surprise that more than one in five of London’s [...]
People from all backgrounds deserve the opportunity to succeed in our capital December 2, 2019 As we draw closer to the end of another momentous year in politics, it’s a time to reflect and look forward to the future. With all the Brexit noise, social mobility is one of the many issues that just hasn’t had enough airtime recently. Too often, people from less financially advantaged families lack opportunities, and [...]
CBI: UK economy set to slow despite Brexit deal December 2, 2019 The economy will slow next year even if Britain leaves the European Union with a Brexit deal, a new report has predicted, as business investment fails to significantly pick up. The CBI’s economic forecast is the latest report to suggest that Prime Minister Boris Johnson’s Brexit deal will do little to help the economy in [...]
HMRC collects extra £5.4bn via specialist fraud investigation team December 2, 2019 HMRC has collected £5.4bn in additional tax and fines through its fraud investigation service in the last year, figures published today show. Tax and fines collected through investigations into criminal gangs importing illegal cigarettes and alcohol represented £2.9bn of the total, law firm Pinsent Masons said. Another £1bn was collected through investigations into VAT fraud, [...]
Labour to cut rail fares and create ‘London-style’ ticketing for the UK December 1, 2019 Labour will reform the country’s rail ticketing system to create a one-stop shop for tickets if elected, while also promising to cut fares by 33 per cent. The party wants to create a uniform “London-style” ticketing system that allows contactless payments and sets out fares on a zonal basis. Read more: Train companies to hike [...]
US seeks extradition of Autonomy founder Mike Lynch to face charges December 1, 2019 The US has formally requested that the UK extradites British tech billionaire Mike Lynch to stand trial on charges of securities fraud, wire fraud and conspiracy related to the sale of his company Autonomy to Hewlett Packard (HP). The US embassy submitted the request on 21 November for Lynch, who is currently embroiled in a [...]
London and Boris Johnson brace for Donald Trump’s arrival December 1, 2019 The Donald Trump whirlwind will rip into London tomorrow for the second time this year when the US President touches down to attend a Nato security summit. The capital is bracing itself for The Donald’s arrival, with Boris Johnson expected to limit his time with the President and NHS staff planning protests outside Buckingham Palace. [...]
Heathrow Airport to be penalised if expansion goes over-budget December 1, 2019 Heathrow Airport will be penalised by Britain’s transport watchdog if it fails to build its planned third runway efficiently. The Civil Aviation Authority (CAA) has placed a new clause into the airport’s licence due to concerns the project could go over-budget. Read more: British Airways passengers face huge delays after technical issue The clause is [...]
Goldman Sachs to cool UK Marcus expansion to avoid red tape December 1, 2019 Goldman Sachs is planning to cool the UK expansion of its new retail bank Marcus as it seeks to avoid the stricter regulations big lenders face in Britain. So-called ringfencing rules drawn up after the financial crisis mean banks with more than £25bn in customer deposits have to separate retail banking activities from their much-riskier [...]
Andrew Tinkler aims to offer rival resolution at crunch Eddie Stobart shareholder vote December 1, 2019 Former Stobart Group boss Andrew Tinkler is aiming to offer Eddie Stobart shareholders a rival funding package to vote on at the struggling trucking firm’s general meeting on Friday. Eddie Stobart’s board has recommended an offer from fund Dbay which would provide an emergency £55m high-interest loan to the haulier in exchange for a 51 [...]