Sadiq Khan launches £7m tech talent programme for young Londoners December 1, 2016 London mayor Sadiq Khan has launched a new £7m scheme to support Londoners into digital, technology and creative careers, with a focus on women and minority ethnic groups over two years. Designed to help meet the needs of tech business in the capital, the scheme will support and encourage young people developing digital skills and [...]
Barclays teams up with Creative England on new tech accelerator December 1, 2016 Barclays is teaming up with non-profit entrepreneurial support group Creative England on a new accelerator. The programme is aimed at companies working to apply the likes of gamification, the Internet of Things, and 3D modelling to other sectors that may not be seen as traditionally digital, like healthcare or tourism. The moves comes amid growing [...]
Professionals providing compliance advice to insurers expect salary bump after Solvency II December 1, 2016 Compliance professionals are getting a pay rise next year on the back of new EU regulation, according to research seen exclusively by City A.M. According to the Robert Half salary guide 2017, these will be the financial services professionals getting some of the biggest pay increases next year. Read more: Salary sacrifice schemes hit in Hammond's [...]
West Ham accused of dodging its policing costs November 30, 2016 West Ham has managed to dodge over £43,000 in policing costs for their recent home game against Stoke. The information was revealed to Labour London Assembly Member Andrew Dismore by Sadiq Khan as part of Mayor’s Questions. Dismore criticised former mayor Boris Johnson for a deal between West Ham and the London Legacy Development Corporation (LLDC) [...]
Steady growth in the US isn’t feeding into wages November 30, 2016 The US economy grew steadily in the lead up to the presidential election, the Federal Reserve has said. In its Beige Book – a report based on anecdotal evidence from business – the Fed said gains in wages and prices had been modest, however, and the strong dollar was acting as a burden to manufacturers. In [...]
Boris Johnson rubbishes claims that suggest he is “in favour” of free movement November 30, 2016 Boris Johnson has reportedly said that he is in favour of freedom of movement. The foreign secretary has told as many as four EU ambassadors that he supports the right of EU workers to move between nations, Sky News has reported. One ambassador told Sky News: "(Boris Johnson) told us he was personally in favour [...]
Stalemate in Santiago: Basel Committee fails to reach agreement on bank capital rules November 30, 2016 Negotiators have walked away from a two-day meeting about banking red tape in Santiago without having reached an agreement on capital rules. Speaking after the end of the Basel Committee meeting of banking regulators, chairman Stefan Ingves indicated that the group had started to form an outline for an agreement but were yet to settle on the finer details. "We [...]
The Bank of England is treating £5 note drama with “the utmost seriousness” November 30, 2016 The Bank of England has responded to angry vegans who have objected to the use of animal products in the manufacturing of £5 bank notes. It has said it didn't know the animal material – known as tallow – was used in the making of the note. The statement comes after someone asked about the [...]
Michael Gove has questioned the efforts of the EEF to poll its membership ahead of the Brexit vote November 30, 2016 Michael Gove has questioned the efforts of a manufacturing trade body to survey its members over Brexit. In a Brexit select committee hearing, Gove took EEF director of EU affairs Fergus McReynolds to task over surveys of its membership. The EEF was one of several trade bodies to back a Remain vote, but Gove said [...]
RBS on renewed drive to cut costs and shed assets after Bank of England stress test flop November 30, 2016 The Royal Bank of Scotland will now renew efforts to slash costs and shed assets, as it tries to bolster its balance sheet after flunking the Bank of England's most recent stress test. The worst performer of the seven lenders tested, RBS will now be monitored by the Bank's prudential regulation authority and has had to [...]