TUI tie-up with Etihad nears take-off after board green lights plan for new airline November 23, 2016 TUI's supervisory board has given the green light for the proposed tie-up with Etihad Aviation to create a new European airline. Negotiations are expected to be "finalised in the next few weeks" according to a company statement. TUI's supervisory body approved the plan to spin-off its German leisure airline subsidiary TUIfly to a joint venture with Etihad. TUI will hold [...]
Claudio Silvestrin, architect to Kanye West and Calvin Klein, unveils his newest project in Hampstead, north London November 23, 2016 This brand new, ultra-contemporary mansion looks like it belongs in the sunny peaks of the Hollywood Hills. In fact, it’s nestled away in a quiet, exclusive corner of Hampstead, but its starry aesthetic is the creation of an award-winning architect who’s used to bringing the lavish home-stylings of the rich and famous to life. Claudio [...]
Here’s exactly what the £2bn boost for UK R&D entails November 23, 2016 More cash will be ploughed into research and development, as a major part of the government's industrial strategy. R&D spend will increase by an extra £2bn by 2020/21 to boost the UK's homegrown innovative businesses and spur productivity. The injection of cash was first trailed by Prime Minister Theresa May during a speech at the CBI conference [...]
Communities near fracking sites get power to decide how to spend £1bn fund, Philip Hammond announces in Autumn Statement November 23, 2016 Communities close to fracking projects will definitely get a say in how to spend up to £1bn funelled to them through the Shale Wealth Fund, the government confirmed today. “Following a consultation to ensure local communities share in the benefits of shale production, the Shale Wealth Fund will provide up to £1bn of additional resources [...]
Autumn Statement 2016: Here’s how analysts have reacted to Philip Hammond’s speech November 23, 2016 Here's how analysts have reacted to chancellor Philip Hammond's first – and last – Autumn Statement. National Living Wage hike Guy Stallard, director at KPMG, said: Today’s announcement will see a significant number of workers aged 25 and above get a pay rise of 30p an hour to £7.50 from next April. This may seem [...]
Autumn Statement 2016: Here’s how business groups have reacted to today’s announcement November 23, 2016 Today's Autumn Statement may be the last after chancellor Philip Hammond announced he would scrap the annual November mini-Budget, but there's still an awful lot for the business world to sink its teeth into this time around. Here's how some of the UK's biggest business groups have reacted to today's announcements, which include big infrastructure [...]
£450m goes towards digital signalling to improve rail reliability and £390m plugged into driverless cars, says Philip Hammond November 23, 2016 Amid his bumper infrastructure unveiling, Chancellor Philip Hammond announced £450m to trial digital signalling technology on railways to improve reliability. From 2018-19 to 2020-21 the Northern Powerhouse Investment Fund (NPIF) will plug this investment into signalling technology, while £80m will be allocated to accelerate the roll-out of smart ticketing, including season tickets for commuters in [...]
Getting ready to decorate this year? Well it’s time to get serious about your bauble game November 23, 2016 If you enjoy idly browsing the shelves of high street stores, you have American entrepreneur Frank Woolworth to thank. The 19th century dime-store magnate pioneered the practice of self-service shopping, whereby customers can handle goods without the assistance of a clerk. Woolworth also enforced the idea of fixed pricing, rather than haggling, as the common [...]
Big Six beware: The government will look more closely at the UK’s energy market, chancellor Philip Hammond said in today’s Autumn Statement November 23, 2016 The government will “not be afraid to intervene” in the UK’s retail energy market if there is evidence of market failure, chancellor Philip Hammond said yesterday. “We will look carefully in the coming months at… key markets, including the retail energy market, to make sure they are functioning fairly for all consumers,” Hammond said in the [...]