City Moves for 30 November 2016 | Who’s switching jobs November 30, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has strengthened its financial education corporate relationship team, making key appointments in senior positions. Mike Hardy (pictured) has been appointed as director of strategic partnerships having over 15 years’ experience in this area with senior positions at three FTSE companies; HSBC, Aviva and Lloyds Bank. His role [...]
London accounted for nearly a quarter of the 700,000 new jobs in 2014-15 November 30, 2016 UK firms created over 700,000 jobs in 2014-15 – with almost a quarter of them located in London. Research from the Enterprise Research Centre has found that of the 709,174 net new jobs created in the period, 23 per cent of them came from London firms. Read more: "Posturing" Euro chief Dijsselbloem issues London warning [...]
These are the most entrepreneurial London boroughs November 30, 2016 East London start ups have gobbled up £23.2m worth of funding over the past four years, more than a third of all the lending to the sector in the capital. The figures from the Start Up Loans Company show that north London and west London are lagging behind, attracting just £8.3m and £9.9m respectively over [...]
We should not be telling little girls that Americans hate women November 30, 2016 Donald Trump’s victory proves that America hates women”, declared a reputable news source shortly after the US election. America is big, and it does not think as one. Some men hate women and voted for Trump to preserve the patriarchy – but most fell for his promise of quick economic fixes. Some women did not [...]
UK universities need a bespoke Brexit deal with flexibility on freedom of movement for EU students November 30, 2016 The fate of British universities – their research, their European staff and their students – has become a major issue following the EU referendum. Under the home secretary’s proposals, they would be classed as employers with a large number of non-UK staff – 17 per cent of teaching and research posts are occupied by EU [...]
Four-year folly: The Office for Budget Responsibility shouldn’t be expected to forecast so far into the future November 30, 2016 Economic forecasts have become a political hot potato. The Office for Budget Responsibility’s (OBR) predictions, presented as part of the chancellor’s Autumn Statement, have put the government under pressure. The OBR has revised down its forecast for GDP growth over the next four years by 1.4 percentage points. The real controversy is that their gloomy projections [...]
Confidence in UK business prospects reaches 10-month high but economic optimism falls 20 per cent November 30, 2016 Confidence in business prospects has risen to a 10-month high for UK businesses, despite a big rise in concerns over the country’s economic health, according to a new survey. Over half of companies said that they expected business prospects to improve in the next year, and only five per cent said they expected their business [...]
One in five self-employed people have almost been driven out of business because of too much finance admin November 30, 2016 Sorting out paperwork can quickly take up chunks of time for anybody running their own business or working for themselves, but there's one particular aspect of it which is driving some over the edge. One in five (19 per cent) self-employed people have been so tied down going through the processes of organising their finances, such [...]
Sadiq Khan is vowing to take Downing Street to task over skilled workers November 30, 2016 Sadiq Khan will today accuse the government of failing to listen to fears that London's economy could be rocked if Brexit limits access to skilled workers from EU countries. London's mayor will tell the government to adopt a negotiating position that defends the interests of the city's businesses. If it does not, Khan says he will [...]
Consumers’ own-label attitudes could pose a challenge to big brands November 30, 2016 Last week, Morrisons announced it was bringing back the Safeway brand. Originally a chain of supermarkets that the retailer absorbed in the mid-2000s, Morrisons has decided to launch a new range of own-label goods under the Safeway banner. An analysis of YouGov Profiles data shows that there are notable divergences among customers of certain supermarkets. [...]