Breaking the current Brexit impasse could land Theresa May in even deeper trouble December 18, 2018 Despite efforts by the Labour party and other political opponents of the government in the House of Commons, it now looks very unlikely that Theresa May will put her Brexit proposal to a parliamentary vote this side of the New Year. But there may still be plenty of public disagreements and political wrangling ahead when [...]
Egress Software promises more London jobs with $40m series C fundraise December 18, 2018 Egress Software, a London-headquartered provider of data privacy and compliance software, will today reveal the close of a $40m (£31.7m) series C fundraising round led by US investor FTV Capital. Existing backer Albion Capital also participated in the round. The funding comes as a significant leap from Egress’ last raise, which saw the startup take [...]
Another day of unforced errors from Jeremy Corbyn December 17, 2018 For anyone wondering how on earth this government still finds itself ahead in the polls, yesterday's showing from the Labour leadership should prove informative. Around mid-afternoon the opposition let it be known it was calling a vote of no confidence in Theresa May if the Prime Minister did not confirm the date of parliament's meaningful [...]
London loses out in cost of living rankings thanks to falling pound in the years after Brexit referendum December 17, 2018 London has become one of the cheapest major European cities for overseas workers since the Brexit referendum, according to global mobility research firm ECA International. As a result, of of the weakened pound since the leave vote, London has slipped from inside the top 50 global cities to 127th place, the company said in its [...]
Wizz Air to overtake Easyjet as Luton Airport’s largest airline with arrival of new routes from next summer December 17, 2018 Ultra low-cost carrier Wizz Air has said it will overtake Easyjet as Luton airport's largest carrier once six new routes come into force from next summer. Wizz Air UK, a subsidiary set up as a Brexit contingency plan, will bring in two new Airbus A321CEO aircraft from next summer, along with six new routes. The announcement [...]
European banking watchdog tells lenders to stop keeping customers in the dark over Brexit December 17, 2018 The EU’s banking watchdog has hit out at lenders for not telling customers how they might be affected by Brexit. In a reproachful statement released this afternoon, the European Banking Authority (EBA) said it had found “little evidence of financial institutions communicating effectively to their customers on how they may be affected by the UK [...]
City financier Edi Truell agrees to fund £500,000 to company to solve Irish border problem December 17, 2018 The question of the Irish border appears to have eluded many of our politicians, but one City financier has come up with his own solution. Edi Truell, co-founder of private equity and venture capital firm Disruptive Capital Finance, has said he is willing to stump up £500,000 to pay for a high-tech system for the Irish [...]
Jeremy Corbyn calls for vote of no confidence in Theresa May December 17, 2018 Jeremy Corbyn has called for a vote of no confidence in Theresa May, but pulled back from trying to force a general election. After an afternoon of confusion, the Labour leader announced he wanted a Commons vote because of the way May had handled the vote on her Brexit deal. The Prime Minister cancelled a [...]
A third of investors believe more non-UK fund managers will open London offices after Brexit December 17, 2018 More non-UK fund managers could open offices in Britain to retain access to expertise following Brexit, new research has found. One in three institutional investors believe the UK’s exit from the European Union will lead to an increase in merger and acquisition activity, with European firms buying UK businesses to give them a presence in [...]
Productivity lessons from the procrastinator Prime Minister December 17, 2018 Can we assume, given that you’re reading this section of the paper, that you are currently delaying doing something you really ought to be focusing on? I don’t mean to lecture you. I myself currently have an Oliver Spencer tab or two open on my browser. I spent most of last Wednesday Googling the viability [...]