Philip Hammond starts search for successor to Mark Carney as Bank of England governor April 24, 2019 Chancellor Philip Hammond has started the process of finding a new governor of the Bank of England. Whoever he chooses will replace current governor Mark Carney when he steps down at the start of 2020. Read more: Mark Carney warns of "alarmingly high" no-deal Brexit risk The Canadian economist, the first overseas governor of the [...]
UK digital advertising spend jumps to £13bn as brands opt for smartphone ads April 24, 2019 Digital advertising spend hit £13.4bn last year as smartphone adverts overtook desktop for the first time, new figures have revealed. Data from digital advertising body IAB and PwC show UK ad spend jumped 15 per cent in 2018 amid a boom in digital formats. Read more: Digital advertising firm Teads posts double-digit revenue rise Ad [...]
Andrew Bailey is right to think about the City’s future April 23, 2019 Throughout the interminable Brexit debate, sensible voices have been hard to come by – but Andrew Bailey provides one. The head of the Financial Conduct Authority was ahead of the curve in pushing for EU counterparts to match the UK's planning to ensure financial stability in the event of a no-deal Brexit and, now that [...]
Theresa May seeks new vote on bill needed to deliver Brexit as talks with Labour flounder April 23, 2019 Theresa May will attempt as early next week to push through legislation needed to deliver Brexit, following a barrage of criticism over the Easter weekend about her handling of the negotiations. Downing Street said it aimed to bring the Withdrawal Agreement Bill that is needed to ratify May's deal, which has been rejected three times by MPs, “as soon [...]
FCA: UK could embrace ‘lower burden’ financial rules post-Brexit April 23, 2019 The City could benefit from a “lower burden” regulatory regime when the UK exits the European Union, the top financial regulator said today. Setting out his vision for the future of UK financial regulation, Financial Conduct Authority (FCA) head Andrew Bailey said he thought the UK and EU would take contrasting approaches to regulation post-Brexit, [...]
The Independent Group hire former New Labour ad-man for European elections April 23, 2019 The Independent Group and its political party Change UK have called on the services of former New Labour ad-man Johnny Hornby and his WPP-backed agency. Read more: The Independent Group applies to register as a political party Hornby’s agency The&Partnership, pronounced “The And Partnership”, will provide creative advertising, design, data analytics, and strategic advice for [...]
Digital publishing revenues rise as video and display formats drive growth April 23, 2019 Digital publishing revenues rose almost seven per cent last year as publishers shift their focus towards video formats. Figures from the Association for Online Publishing (AOP) and Deloitte reveal UK revenues rose 6.8 per cent to £511.5m in 2018. Read more: Google hands out €500,000 for local publishers’ project The growth was driven largely by [...]
Consumer confidence falls in both Eurozone and EU April 23, 2019 Consumer confidence in both the Eurozone and the European Union fell in April, in news that will cast further gloom on a region that has been struggling economically in 2019. Read more: Euro falls as weak Eurozone data triggers slowdown fears The European Commission’s monthly consumer confidence indicator dropped by 0.7 points in the euro [...]
Nigel Farage’s Brexit party names business leaders in European election candidate line-up April 23, 2019 Nigel Farage today promised to go after the Labour Party’s vote as he unveiled business and charity leaders among its European election candidates. Lance Forman, the owner of H Foreman and Son, an artisan salmon smokehouse in London's Hackney Wick, will run for the Brexit Party just weeks after it was formed. Read more: Theresa [...]
Theresa May faces mounting pressure to resign as cross-party Brexit talks resume April 23, 2019 Theresa May will return to parliament today amid mounting pressure on her leadership and the threat of a grassroots rebellion from her own party. MPs will be back in Westminster following the Easter recess as cross-party talks over Brexit continue. Read more: Top Tories say leadership contest can only happen after Brexit is agreed But [...]