What entrepreneurs want Philip Hammond to announce in the Autumn Budget October 25, 2018 At the Conservative party conference earlier this month, chancellor Philip Hammond announced £20m of investment in business networks “to enable small businesses to learn from each other and from world-leading firms”. He also recognised the need for mentoring and management training for small and medium-sized enterprises, pledging another £11m to help 10,000 businesses by 2025, [...]
Calls for a second referendum are unwise, undemocratic, and playing with dynamite October 25, 2018 “I want to be absolutely clear, this government will never accept a second referendum.” This statement from the Prime Minister in September should have been the end of the matter. Alas, it wasn’t. The so-called “people’s vote” scenario runs something like this. Enough Conservative MPs vote with Labour against any final EU agreement, defeating it [...]
DEBATE: Has the EU overstepped the mark by rejecting Italy’s budget? October 25, 2018 Has the EU overstepped the mark by rejecting Italy’s budget? Matthew Elliott, senior political adviser to Shore Capital, says YES. From the moment Britain’s Brexit referendum was announced in 2013, the EU started to moderate its most overt interventionist instincts, minimising Eurozone problems through quantitative easing, and restricting its tendency to meddle in the affairs [...]
Musk comes good on profit pledge as Tesla rolls into the black October 24, 2018 Elon Musk delivered Wall Street his long-promised pledge of putting Tesla in the black late this evening, with shares soaring more than 12 per cent after the bell as the company produced its largest quarterly profit ever. In one of the most highly anticipated reports of the third-quarter, electric car company trumped expectations after it [...]
Theresa May does little to reassure her Brexit critics at crunch backbenchers meeting October 24, 2018 Theresa May faced down her fractious party this evening but offered no new reassurances to the many critics of her beleaguered Brexit policy. The Prime Minister spoke to a meeting of backbench Conservative MPs – known as the 1922 committee – for just under an hour in a bid to win support for her negotiating stance with the [...]
Jes Staley seeks to brush off Bramson challenge but Barclays still faces the headwinds October 24, 2018 Barclays CEO Jes Staley struck a bullish tone yesterday, insisting his investment banking division was on the up. Third quarter profits jumped to £1.5bn, up from £1.1bn a year ago. If this puts a spring in Staley's step, there are plenty of items in his in-tray to pull him back down to earth – not [...]
Khashoggi killing: Saudi Crown Prince Mohammed bin Salman says attack was a ‘heinous crime that cannot be justified’ October 24, 2018 Saudi Crown Prince Mohammed bin Salman has described the murder of journalist Jamal Khashoggi as a "heinous crime that cannot be justified". In a panel discussion revolving around the Kingdom’s vision for the future of the Arab world, the Saudi Crown said this afternoon: “Saudi Arabia will go and implement all necessary rules and investigate [...]
Deliveroo to update app with allergen information in wake of Pret crisis October 24, 2018 Food delivery startup Deliveroo has today said it is revamping its app with a new menu system which will allow restaurants to upload allergen information for every dish. London favourites such as Tortilla, Mildred's and Chipotle have signed up for the app's trial roll out in December, which will feature 30 brands that serve almost 300 sites. [...]
No-deal Brexit would hit house prices – but not as hard as the financial crisis, says Moody’s October 24, 2018 UK house prices could tumble in the event of a no-deal Brexit, but would not fall as far they did during the financial crisis a decade ago, rating agency Moody’s said. There would be “outright declines in house prices nationally” if Britain crashes out of the European Union without a deal next March, analysts said. [...]
Apple chief Tim Cook calls for GDPR-style privacy in the US October 24, 2018 Apple chief executive Tim Cook praised EU privacy laws in a rare speech in Brussels today, and demanded that the US follow its lead. Appearing at an international data protection conference, Cook said it was "time for the rest of the world" to get up to speed on data privacy with the EU's General Data Protection [...]