Here’s how the banks are working to become worthy of your trust April 2, 2019 More than 10 years have passed since the financial crisis of 2008, which had enormous repercussions for people’s welfare and the economic stability of many countries. There have since been major developments, many of them in the area of financial regulation. Regulation and the sanctions of the law have an important part to play in [...]
Labour’s nationalisation plans are a risk to London’s investment appeal April 2, 2019 Despite seemingly unending turbulence on Brexit, the UK, and London in particular, remains a very attractive place to do business. Our level of foreign direct investment (FDI) is at record levels, and London continues to outrank all other metropolitan areas across the globe in terms of the number of projects. Since the 1990s, the capital [...]
Generation Rent needs more help to buy property, not Help to Buy April 2, 2019 Britain is not yet a nation of renters – but it’s getting there. Half of children are now born in rented accommodation, versus a third back in 2003-4. The number of families renting with children has doubled in a decade, according to the insurance provider Royal London. Meanwhile, new analysis shows that the government’s Help [...]
DEBATE: Is John Major correct that we need a cross-party government to steer the UK through Brexit? April 2, 2019 Is John Major correct that we need a cross-party government to steer the UK through Brexit? YES, says Ben Kelly, a commentator for Reaction. In the best-case scenario, a “strong and stable” government with a majority, clear priorities, and an overarching strategy would be leading the way on delivering Brexit. Instead, we have a shambolic [...]
Wizz Air flies past airline gloom with upbeat profit predictions April 2, 2019 Ftse 250 airline Wizz Air said it expects net profit for the year to land in the upper half of its expected guidance, in a trading update today. The announcement follows a gloomy update yesterday from fellow low cost airline Easyjet which led to a nearly 10 per cent dip in its share price, and [...]
Deadlocked MPs reject soft Brexit as Tory MP quits party in protest April 2, 2019 Parliament last night failed once again to back an alternative Brexit plan, just 11 days before the UK is set to leave the EU. Read more: UK service exports fall as Brexit and global economic slowdown bite None of the options voted on by MPs secured a Commons majority, although a call for the UK [...]
MPs call for full breakup of audit’s Big Four in wake of scandals April 2, 2019 MPs have triggered a war of words in the City after calling for a radical breakup of accountancy’s Big Four firms. A highly-anticipated report by the Business, Energy and Industrial Strategy (Beis) Committee, released today, said the audit and consultancy arms of Deloitte, EY, KPMG and PwC should be forcibly divided to drive up competition [...]
Service exports fall as Brexit and global economic slowdown hurt UK companies April 2, 2019 Growth in UK service export sales slumped to its weakest rate since 2009 in the first quarter of the year, a major survey revealed today, as political uncertainty and a global slowdown weighed on firms’ activities. The balance of firms reporting improved cashflow slid into negative territory for the first time since 2012 as key [...]
More than a quarter of investment bankers say work is damaging their health in ‘disturbing’ review findings April 2, 2019 More than a quarter of investment bankers said their work was damaging their health as the “disturbing” findings of a survey revealed efforts to improve workplace culture have stalled. The Banking Standards Board have raised concerns today over the wellbeing of bank employees in its latest annual review. The survey of more than 72,000 employees from [...]
Brexit deadlock continues as parliament fails to find majority on indicative votes April 1, 2019 MPs have again failed to find a clear majority on a series of indicative votes on how to proceed with Brexit negotiations. Theresa May’s cabinet will meet in the morning to consider the results of the evening’s votes. The closest result came on Conservative MP Ken Clarke's amendment which would have required the UK to negotiate [...]