CBI prepares to call on MPs to avoid no-deal Brexit ‘wrecking ball’ November 19, 2018 The CBI will call upon MPs today to back the Prime Minister’s draft withdrawal agreement and avoid hitting the British economy with the “wrecking ball” of a no-deal Brexit. Speaking at the CBI’s annual conference in front of more than 1,500 business leaders, CBI president John Allan is expected to ask politicians to consider the [...]
After last week’s evictions, what next for Big Brother: Brexit edition? November 19, 2018 How could they do it? After 18 years on UK television, Channel 5 has waved goodbye to hit show Big Brother. But fear not, the fun format has been reborn. And it’s no mere house this time, it’s a palace – the Palace of Westminster. If the pilot is anything to go by, this one [...]
Business confidence falls to nine-year low amid political uncertainty over Brexit November 19, 2018 Morale among businesses is at its lowest since the aftermath of the financial crisis, according to a new survey out today. Political uncertainty surrounding Brexit weighed down on hiring and investment plans in the manufacturing and services sectors, data firm IHS Markit’s latest quarterly report found, pushing business confidence down to its lowest level since [...]
City veterans launch new corporate finance boutique November 19, 2018 A former board member of investment bank Zeus Capital is today launching a corporate finance boutique alongside a senior executive from Nex Exchange. The new firm, Guild Financial Advisory, will advise companies on initial public offerings (IPOs), fund raising, deals and corporate governance. Its chief executive Ross Andrews previously spent eight years with Zeus where he [...]
Tax managers enjoy largest salary rise as tougher compliance regulation pays off November 19, 2018 Tax wonks have seen their salaries soar over the last year as businesses grapple with tougher compliance rules in the City. Operational tax managers topped the list of salary increases in 2018, enjoying a 6.7 per cent rise, according to figures from recruitment company Hays. The increase reflects the greater focus on compliance as firms [...]
Buyers eye up Christmas offers as prices slip in November November 19, 2018 Homeowners hoping to sell their house are slashing prices and expectations, in a move that signals a boon for buyers in the run-up to the festive season. Property prices tumbled 1.7 per cent this month, marking the largest November drop since 2012, with London’s stagnant housing market continuing to see a sharper decline than any [...]
Refinitiv executive hired to lead the fight in Brussels for the City’s future post-Brexit November 18, 2018 A senior boss at financial data firm Refinitiv has been appointed to fight for the City's future ahead of Brexit. The City of London Corporation said it was looking to strengthen its Brussels office and that a new managing director would be a “focal point” for building a new relationship between financial and professional services [...]
May will need Brussels to help her sell the deal November 18, 2018 Brexit has shattered the normal rules of politics. Theresa May has suffered twenty-two ministerial resignations since becoming Prime Minister, and while not all of them have been Brexit related it would have been difficult to remain in office had so much support dripped away under other circumstances. Last week should have finished her off, with [...]
Jeremy Corbyn says a second Brexit referendum is ‘not an option for today’ November 18, 2018 Labour leader Jeremy Corbyn has distanced himself from calls for a second referendum, saying it was an "option for the future" but not one for "today". Speaking to Sky News, Corbyn said his party would vote against the draft withdrawal agreement because it failed to meet Labour's six tests, one of which is that it must [...]
Dominic Raab insists he still backs May – but refuses to rule out running for Tory leadership November 18, 2018 Former Brexit secretary Dominic Raab had said he would back Theresa May in a potential leadership challenge despite resigning over her draft withdrawal agreement. Raab insisted he still supports May and would back her in any potential leadership challenge against her. "I will support this Prime Minister and I want her to get this right," he [...]