Will Britain Lead the 4th Industrial Revolution? October 2, 2018 With the USA in isolationist mode, if not paralysis, who will lead the west, post-Brexit and as we enter the full flood of what the World Economic Forum’s Klaus Schwab dubbed The Fourth Industrial Revolution: “The possibilities of billions of people connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge, [...]
Boris Johnson launches no-holds barred attack on Theresa May’s Brexit plan in highly-anticipated conference speech October 2, 2018 Boris Johnson took a hammer to Theresa May's Brexit plan today as he claimed her proposals were "dangerous and unstable". Addressing a packed fringed meeting at the Conservative party conference, the former foreign secretary dubbed the so-called Chequers plan "an outrage" that was "not democracy". Read more: Conservative Party conference app flaw exposes MPs' phone [...]
City watchdog boss rejects calls for financial services deregulation post-Brexit October 2, 2018 The chair of the Financial Conduct Authority today said that the City regulator will not engage in a “race to the bottom” after Brexit in a bid to preserve the UK’s position among global financial centres. Charles Randell said calls for deregulation from some quarters of the financial sector show that “some memories are beginning [...]
Foreign secretary Jeremy Hunt backpedals on ‘Soviet prison’ comments about EU October 2, 2018 Jeremy Hunt, the foreign secretary, has backtracked on comments he made about the European Union in which he compared the group to the Soviet Union. Hunt provoked condemnation and mockery on Sunday, after he said the EU risked becoming like a Soviet “prison” because of its negotiation stance on Britain’s exit from the EU. Read [...]
Car manufacturers warn no-deal Brexit would hit UK production October 2, 2018 A number of leading car manufacturers have warned a no-deal Brexit could seriously impact the production of their vehicles in the UK. Toyota has said a no-deal Brexit is likely to impact its investment decisions. It follows the manager of its facility in Burnaston, Derby warning a no-deal Brexit would lead to the factory halting production, [...]
Theresa May’s vision-free approach is alienating us all October 2, 2018 An opening day Conservative conference speech by former CBI Director-General Digby Jones might not have been expected to diagnose the Prime Minister’s key weakness. But defending Theresa May’s Brexit approach, the former Labour minister unwittingly exposed the reason that the Prime Minister has alienated much of her party: she is a vision-free zone. Riffing off [...]
Theresa May: We’ll prioritise skilled immigration after Brexit October 2, 2018 Theresa May plans to prioritise immigrants’ skills, rather than their country of origin, in a post-Brexit shake-up of the visa system. The Prime Minister will focus on tackling low-skilled immigration and place more value on those with skills desirable to British businesses, following a recommendation from the Migration Advisory Committee (Mac). Read more: 'Frictionless' immigration [...]
City minister calls for ‘frictionless’ immigration rules for financial sector after Brexit October 1, 2018 City firms need "frictionless" access to overseas workers after Brexit, according to a Treasury minister who called immigration a "force for good". Speaking during a debate on the shape of the the UK's future immigration policy, City minister John Glen talked up the importance of the financial sector being able to fill gaps in key [...]
British banks ‘resilient’ even in no-deal Brexit, says Moody’s October 1, 2018 Britain’s banks have grown more “resilient” to shocks despite an increased likelihood of a no-deal Brexit, an influential credit ratings agency said today. Moody’s Investor Service said the UK banking sector has a “stable” outlook in spite of an expected decline in economic growth, in a report published today. Profitability for British lenders will improve [...]
Banco Santander issues warning on impact of Brexit uncertainty October 1, 2018 Spanish lender Banco Santander has warned that the uncertainty surrounding the UK's exit from the EU is likely to have an adverse impact on the bank's operations. In a filing to the US Securities and Exchange Commission, the bank said that the lack of clarity on the Brexit deal for financial services and the status of [...]