London startup numbers rise in face of Brexit uncertainty March 1, 2019 The number of new startups created each year in London is higher now than it was before the EU referendum, according to public data. While 205,325 new businesses started life in 2016, the year of the Brexit vote, entrepreneurs founded 216,204 companies last year, the Office for National Statistics (ONS) data reveals. Read more: The [...]
DEBATE: Should 18-year-olds be entitled to an extra year of free education after school, as the CBI suggests? March 1, 2019 Should 18-year-olds be entitled to an extra year of free education after school, as the CBI suggests? Matthew Fell, chief UK policy director at the CBI, says YES. As the world of work changes, people need to learn throughout their careers. The best companies help their people evolve through education. Colleges serve firms brilliantly, with tailored [...]
The NHS needs to act more like WeWork March 1, 2019 A&E waiting times are at their worst level for 15 years. In 2018, more junior doctors left the NHS than stayed. Doctors and nurses are facing untold pressures, with things set to get worse as European recruits dry up ahead of Brexit. The health service is facing a critical staffing crisis which could prove fatal. [...]
Mayor of London warns Londoners they may feel impact of no-deal Brexit ‘immediately’ March 1, 2019 Mayor of London Sadiq Khan is set to host a meeting today to discuss the ramifications of a no-deal Brexit on Londoners, warning that it could affect supply of food medicine, health services and crucial services. Read more: Sadiq Khan asks for £5bn grant to protect housing in no-deal Brexit Khan is worried that leaving [...]
Rightmove shares slump despite strong results March 1, 2019 Shares in property website Rightmove fell this morning despite the company reporting an increase in revenue and profits. Rightmove’s share price dipped 5.6 per cent to 455p today as the firm announced its full-year results for 2018. Read more: London house sales drop over political uncertainty The figures Underlying operating profit was up 10 per [...]
British manufacturing job losses hit six-year high amid Brexit turmoil March 1, 2019 Job losses in Britain’s manufacturing sector hit a six-year high in February, as Brexit uncertainty left the industry’s optimism at a record low, according to a closely followed metric. British manufacturers also continued stockpiling goods at record rates as the prospect of crashing out of the EU without a deal looms ever larger, according to [...]
National Express increases shareholder dividend by 10 per cent in ‘record’ set of results February 28, 2019 National Express shareholders were today rewarded with a 10 per cent increase in their dividend as the coach and bus firm delivered a "record" set of annual results. Pre-tax profits at the firm stood at £177.7m in 2018, up 13.6 per cent on the previous year. Revenue also increased from £2.32bn to £2.45bn, while operating [...]
Minister quits government warning Brexit delay will lead to ‘final humiliation’ of UK February 28, 2019 Agriculture minister George Eustice has quit the government, warning a delay in Brexit could lead to the “final humiliation of our country”. Eustice, who campaigned for Leave in the 2016 referendum, told Theresa May he had stuck by her through “a series of undignified retreats” during the course of the negotiations, but the possibility of [...]
Comrade Corbyn’s statist policies would tank the British economy February 28, 2019 The journalist Tom Bower has a new book: Dangerous Hero – Corbyn’s Ruthless Plot for Power. With all the current headlines about the Labour leader centring around his U-turn on a second referendum and the worsening crisis of antisemitism in his party, Bower’s biography is a timely reminder of Corbyn’s economic ideology. The leader of [...]
Foxtons swings to a loss in weak London property market February 28, 2019 Foxtons swung to a loss last year as the estate agent struggled with a weakened London property market, the company announced this morning. The figures The estate agent reported a £17.2m loss in its 2018 full-year results this morning, down from £6.5m profit the previous year, in part due to a non-recurring charge of £15.7m [...]