Brexit boost: Natwest pledges an extra £2bn to help businesses through EU divorce October 23, 2018 Natwest has tripled its funding to prepare British business for Brexit. The bank has set aside an extra £2bn to support companies which rely on EU exports, labour or foreign exchange rates. Read more: Philips warns no-deal Brexit will hit British manufacturing The bank says it beleives nearly 2,000 of its customers could benefit from [...]
London fintech startups poised to expand in established European hub October 23, 2018 The UK's fintech industry, the country's most funded technology sector, is poised to expand internationally as UK hubs begin to sprout up in destinations such as Amsterdam. Three UK payments fintechs have jointly chosen the Netherlands as their European base, City A.M. has learned, seeking to reinforce their offering for European customers amid regulatory uncertainty. [...]
Manufacturing orders fall at fastest pace in three years as Brexit uncertainty bites October 23, 2018 British manufacturing orders fell at the fastest pace since 2015 in the third quarter as uncertainty over a Brexit deal continued, according to the latest statistics from the Confederation of British Industry (CBI). The organisation said the “sobering” set of figures required “immediate action at home and abroad” as it revealed that a net 6 [...]
Sterling could certainly tank, but it won’t be due to Brexit October 23, 2018 Surely here’s only one way the British pound can trade in the coming months. Currency experts are anxiously fixated on what the final details for Brexit will look like. But it seems simple to me: if it’s good, it’s good – and if it’s bad, the country will soon make it better. What does this [...]
Europe ramps up property investment in central London October 22, 2018 London's appeal as a major hub for overseas investors was underlined by fresh figures today, which showed that the proportion of foreign money being injected into the capital’s commercial property market has hit an all-time high. A resurgence in demand from European buyers has helped drive central London’s booming office space market in the last [...]
British household savings declined in October October 22, 2018 British household savings declined this month as salary growth slowed to the weakest rate in eight months, according to a survey of household finances. The IHS Markit Household Finance Index declined to 45.1 in October from 45.7 the previous month, signalling increased pessimism by UK households towards their financial situations. Read more: Goldman Sachs enters British savings [...]
Philips chief executive warns no-deal Brexit will hit British manufacturing October 22, 2018 Brexit could wreck Britain’s future as a manufacturing hub, forcing firms like Philips to rethink their UK operations, the company’s chief executive warned today. Frans van Houten expressed concern at the lack of progress on a Brexit deal in comments reported by Reuters. Read more: Financial stability should not be used as a bargaining tool for [...]
Do you want to save the turtles? Don’t ban plastics – ban littering October 22, 2018 Like any good Londoner, I used the fantastic summer weather to kayak from Limehouse to Hackney, discovering that part of the city by water. As a fairly experienced river and sea kayaker, I was taken aback by how full of litter London’s waters are. At around the same time, the national and global debate on [...]
The best story wins, and right now that’s one of apocalypse October 22, 2018 The stories of nations are written at times like these. For it goes without saying that there is much jeopardy in today’s script. There is a daily dose of disaster, whose effect is a form of neurosis in our relationship with news. Forget what’s beneficial or useful information for the living of life – this [...]
Financial stability should not be used as a bargaining tool for Brexit October 22, 2018 Deal or no deal? Last week’s European Union summit in Brussels had long been billed as a crunch moment for answering this key question and determining the future direction of the Brexit negotiations. As the dust settles, however, it remains unclear whether the UK will be able to strike a deal with the EU27, meaning [...]