Let’s be honest, teaching everyone more maths won’t boost our economic growth April 20, 2023 Rishi Sunak wants us all to be better at maths, but ultimately it won't matter for our economic growth if we don't have the infrastructure and resources to nurture talent, writes Matthew Lesh
Experts fear UK will be left behind in lucrative race to develop self-driving cars April 20, 2023 Developers of self-driving technology have warned that the UK risks losing its ability to compete in the AV market, due to delays in regulation . “Flip-flopping” on legislation will prove highly detrimental for attracting investors, Dr Sarah Gates, Director of Public Policy at AV developer Wayve, told City AM. According to Gates, it has reached [...]
Stop pitting home ownership against the rental market, we need both for Londoners April 20, 2023 Slashing private landlord investment in the London rental market was a bad idea, and now we don't have enough properties to rent while people queue for viewings and prices skyrocket, writes Theresa Wallace
Could IFS project help solve the UK’s pensions crisis? April 20, 2023 A two year project which aims to come up with long-term solutions to the UK’s pensions crisis has been launched by the Institute for Fiscal Studies in partnership with abrdn’s Financial Fairness Trust. The Pensions Review will run for two and a half years and “comprehensively assess the consequences of current pension policy, the economic [...]
Better together: HSBC defends status quo as Ping An pushes for break up April 19, 2023 The ongoing row between HSBC and Chinese insurer Ping An continued today as HSBC hit back to defend its position that spinning off the bank’s Asia business would weaken the lender. Ping An, which holds an eight per cent stake in the bank, has long argued in favour of hiving off HSBC’s Asian unit, which [...]
Luxury car boss hopes going green can see Jag well in the black April 19, 2023 Jaguar has pledged to spend £15 billion over five years to develop a selection of electric vehicles, according to reports. The new figure amounts to double their previous investment levels in the technology and will see the car manufacturer make changes to a number of its British factories. Jaguar’s Merseyside Halewood plant will become an [...]
Credit Suisse files $440m claim against SoftBank from Greensill’s collapse April 19, 2023 Credit Suisse formally filed its $440m lawsuit against SoftBank earlier this month as it seeks to claim back funds which were locked in Greensill Capital when it collapsed in 2021. The legal action is the first since it was taken over by UBS last month. The bank said it “continues to prioritise maximising recovery for [...]
Russian ships accused of plotting North Sea sabotage with ghost ships April 19, 2023 The UK is under threat from a Russian programme to sabotage wind farms and cables in the North Sea, according to new allegations.
Smaller US banks still at risk from deposit outflows as investors spread their cash April 19, 2023 Smaller US lenders have so far faced a torrid earnings season as many have seen an exodus of deposits as their larger rivals rake in profits from higher interest rates. Over the course of the week a series of smaller banks have seen deposits drop. On Monday, Charles Schwab, State Street and M&T reported that [...]
SNP treasurer Colin Beattie steps down from role after arrest April 19, 2023 SNP MSP Colin Beattie will step down as the party’s treasurer after he was arrested in connection with a police investigation into the party’s finances, he has said. In a statement released through the party, Beattie also confirmed he will be “stepping back” from his role on Holyrood’s Public Audit Committee until the probe has [...]
