Poll: Brexit won’t lead to financial services brain drain September 26, 2018 Just 630 UK finance jobs have moved abroad since the Brexit vote, a Reuters poll found today. It contrasts fears voiced immediately after the vote that leaving the EU could badly damage the UK’s financial services sector. Read more: Brexit: Rees-Mogg tells businesses to accept customs delays Reuters’ poll of 134 financial giants found [...]
Woo the EU? Theresa May should take tips from the dating game September 26, 2018 Winning votes in an election is a lot like dating. I was explaining the principles of campaigning during a Westminster Foundation seminar in Ghana when one of the young candidates hit on this perfect analogy for electoral success. When you start dating someone, you are keen to establish common interests. “You like Love Island? [...]
Aldi and Lidl continue to attract customers – so what impact will Tesco’s budget chain Jack’s have? September 26, 2018 Recently Tesco unveiled its first Jack’s discount store. With a strong emphasis on Britishness and home-grown products, the brand is seen as a challenger to the German supermarkets, Aldi and Lidl. I have often talked in this column about the growth of both Aldi and Lidl, and YouGov BrandIndex data points to the continued improvements [...]
Trump hits out at Iran’s ‘bloody agenda’ in return to US patriotism September 25, 2018 US President Donald Trump upped his criticism of Iran in a speech to the United Nations General Assembly this afternoon, in which he accused its leadership of running a "corrupt dictatorship" with a "bloody agenda". He told the body that the Iranian leadership is sowing "chaos, death and destruction", adding that "they do not respect [...]
Theresa May claims ‘no deal’ is better than a Canada-style agreement with the EU September 25, 2018 Theresa May has claimed a Canada-style free trade agreement with the EU is worse than no deal in comments which infuriated Brexit-backing Conservatives. Speaking at the beginning of a two-day trip to New York, May shot down a proposal backed by her former Brexit Secretary David Davis that the UK should negotiate a looser [...]
Hollywood actor Ryan Reynolds partners with Richard Branson to stock gin brand on Virgin Atlantic September 25, 2018 A gin brand owned by Hollywood actor Ryan Reynolds will be stocked on Virgin Atlantic flights. Aviation Gin will not only be available at 35,000ft but will also be served in Virgin Atlantic Clubhouses. Read more: CYBG's £1.7bn takeover of Virgin Money approved by shareholders Londoners can get a taste of the spirit, which [...]
Wealthy parents would pay just £4 an hour towards childcare under Labour, Jeremy Corbyn announces September 25, 2018 Wealthy parents would pay just £4 an hour towards childcare under Labour, Jeremy Corbyn is set to announce. The Labour leader will use his keynote conference speech on Wednesday to propose a massive subsidy of childcare for all parents – regardless of earnings. As well as extending 30 hours a week free childcare to all [...]
Facebook hit by $11bn wipeout from its market cap after Instagram founders quit September 25, 2018 Shares in Facebook have fallen by more than two per cent as markets opened in the US this afternoon, powered by the sudden exit of the two founders of Instagram. Facebook's share price fell as much as 3.2 per cent in pre-market trading this morning, before opening 2.4 per cent down to a total market value loss [...]
Uber launches 24-hour hotline for passengers and drivers following pressure from TfL September 25, 2018 Ride-hailing app Uber has launched a 24-hour hotline for drivers and customers following pressure from Transport for London (TfL) which revoked its licence last year. TfL took away Uber's licence on the grounds it was not a "fit and proper person" to hold a licence in the capital. The transport body took issue with Uber's approach to [...]
Patchy regulation prevents the world from reaping the full benefits of the markets September 25, 2018 Ten years ago today, the world woke to the news that yet another bank had collapsed. Washington Mutual was the latest casualty in what became the worst financial crisis since the Great Depression. Those events have cast a long shadow. Governments, businesses, and households have had to tackle the legacy of that crisis. As [...]