City Moves for 20 November – Who’s switching jobs at Allsop, Baker McKenzie and Saga? November 20, 2019 Today’s City Moves includes Allsop, Baker McKenzie and Saga Allsop Leading property consultancy Allsop has appointed Jamie Hopkins to its board as non-executive director. Jamie is the former chief executive officer of Workspace, a leading provider of business space, having served in the role since 2012. Scott Tyler, senior partner at Allsop, said: “We are [...]
Keep calm, and don’t get carried away by lurid rumours about the Russia report November 20, 2019 One of the great mysteries of this election campaign to date has been why an unpublished report should be the cause of great and sustained political hysteria. This document has been cited by numerous sources as of pivotal significance to national security. Even Hillary Clinton — remember her? — has popped up to opine solemnly [...]
DEBATE: Will more government subsidies help solve the childcare crisis for working parents? November 20, 2019 Will more government subsidies help solve the childcare crisis for working parents? Harini Iyengar, GLA candidate for the Women’s Equality Party, says YES. I am answering “yes” to this question — but I would first reframe it as greater government investment, not a subsidy. While childcare is traditionally framed as a cost, raising the next [...]
The Conservatives’ U-turn on corporate tax rates is a mistake November 20, 2019 The big announcement to come out of Boris Johnson’s appearance before the CBI on Monday was that the Tories are abandoning planned a reduction in the corporation tax rate from 19 per cent to 17 per cent. The reasoning behind this is that the tax cut was expected to cost the government £6bn, which Boris [...]
Celebrating Germany’s recession dodge? The data isn’t quite as solid as you think November 20, 2019 Ardent Remainers had a rare bit of good news at the end of last week. The latest statistics for the German economy showed that, contrary to expectations, it had not fallen into recession in the July-September period. Economists have come to define a recession as a period when a country’s GDP falls for two quarters [...]
IoD: Governance overhaul needed to restore trust in business November 20, 2019 The next government and business must work together to restore trust in corporate Britain, the Institute of Directors (IoD) has said in a “manifesto” that lays out a number of proposals to improve the running of companies. One of the IoD’s key proposals is a new form of company for the outsourcing industry, “the Public [...]
Investors underwhelmed by Aviva’s restructuring plans November 20, 2019 Shares in Aviva slipped on Wednesday after the insurer announced plans to restructure its business and sell off its Hong Kong division in a bid to revive investor interest in the group. The insurance company will simplify its business structure into five operating divisions and sell its stake in Hong Kong business, called Blue, to co-investor [...]
Meet the UK’s 70 fastest-growing tech firms November 20, 2019 70 of the most promising high-growth tech firms in the UK have been named as the country’s top scaleup companies by tech group Silicon Valley Comes to the UK (SVC2UK). Media intelligence company Signal AI, car insurance specialist Cuvva, and online plant store Patch are among the firms that have been selected for SC2UK’s 2019 [...]
Green infrastructure funding ‘must be unlocked’ to meet climate change targets November 20, 2019 The global infrastructure system is in need of an “unprecedented” overhaul if governments are to meet global climate change targets, a new report has warned. Research by TheCityUK and Imperial College Business School today revealed that current investment in low-carbon infrastructure is well below the required level. Read more: Labour mulls carbon finance crackdown as [...]
General Election 2019: Labour pledges would hike taxes for 1.9m, IFS report claims November 20, 2019 A Labour government would raise taxes for nearly two million people before the end of Jeremy Corbyn’s first full term – in a move that could end up costing the country £1bn – according to the Institute for Fiscal Studies. The party is planning to introduce a new 45 per cent income tax rate for [...]