There’s a lesson from Dyson’s Singapore move, but it has nothing to do with Brexit January 25, 2019 There’s no question that Dyson’s move from Wiltshire to Singapore will be a loss to Britain. The company boasts profits in excess of £1bn, employs 4,000 in its Malmesbury offices alone, and is one of the UK’s major business success stories. But that doesn’t justify the political backlash we’ve seen. In true polarising fashion, owner Sir [...]
Mark Kleinman: Flybe might struggle for take-off without investors on board January 25, 2019 Talk about a crash landing. The outrage of Flybe’s largest shareholder about the terms of its £2.2m takeover, articulated in a legal letter to the airline’s board last week, is at face value perfectly understandable. On the full pre-flight checklist-worth of complaints from Hosking Partners, the most incendiary may be Flybe’s decision last year to [...]
Editor’s Notes: Davos – a festival of irrelevance and hypocrisy January 25, 2019 Davos brings the same delights every year. From the press release about the number of private jet movements to Oxfam’s annual criticism of the global super-rich, there are predictable elements to this week-long event. Another thing you can always be assured of is that some staggering hypocrisy will be on display. I came across a [...]
‘No deal’ would be a betrayal of Leave voters’ hopes, warns Philip Hammond January 24, 2019 Leaving the EU without a deal would be a betrayal of the people who voted Leave in the hope of a better future, Chancellor Philip Hammond has warned as pressure grew on Theresa May to rule out exiting the bloc without an agreement. Just days before parliament resumes voting on Brexit, ministers, business leaders and trade [...]
Brussels launches campaign to entice UK creative industries ahead of Brexit January 24, 2019 Brussels has positioned itself as a potential new home for the UK’s creative industries by calling on creative businesses to move to the Belgian capital ahead of Brexit. The campaign aims to bring British companies in the film, broadcast and creative industries to Brussels to help them secure their European operations when Britain leaves the [...]
Brexit: Minister dares May to sack him for calling no deal a ‘disaster’ January 24, 2019 A business minister has dared Theresa May to sack him as he publicly agreed with claims a ‘no deal’ Brexit would be a “disaster” for industry. Richard Harrington, minister for industry and energy, said he was “delighted” to read comments from Airbus chief Tom Enders on Thursday laying into the government’s handling of Brexit. Enders claimed [...]
Second referendum plan pulled by MPs as they blame Jeremy Corbyn for a lack of support January 24, 2019 MPs campaigning for another EU referendum have dropped plans to push for a Commons vote on the plan, blaming Jeremy Corbyn’s lack of support. A cross-party group, led by Conservative MP Sarah Wollaston, used a press conference outside Parliament to announce a proposed amendment to Theresa May’s Brexit motion had been abandon. The amendment, which [...]
EU chief negotiator Michel Barnier rules out time-limited Irish backstop in radio interview January 24, 2019 Michel Barnier has ruled out putting a time limit on the so-called Irish backstop as part of Britain’s revised withdrawal deal from the EU. The bloc’s chief Brexit negotiator said a time-limited backstop would defeat its purpose as a guarantee against a hard border in Ireland. “We have to maintain the credibility of this reassurance,” [...]
Here’s what happened to the UK professional jobs market in 2018 and what to watch out for in 2019 January 24, 2019 It is not unusual after the rest and relaxation of Christmas for people to consider their current career path and decide to search for new opportunities. But it’s also important for these prospective jobseekers – and hiring managers – to look back at the previous year, in order to learn about the current state of [...]
DEBATE: Following reports of the Dyson relocation, is Singapore the new go-to place for tech? January 24, 2019 Following reports of the Dyson relocation, is Singapore the new go-to place for tech? Elsa Hu, director of Asia at GP Bullhound, says YES. Singapore has long been the headquarters of choice for Southeast Asian tech startups, due to its mature business ecosystem, proximity to two of the world’s booming economies, huge talent pool, and attitude [...]