John McDonnell just promised to maintain access to the Single Market September 26, 2016 Shadow chancellor John McDonnell has vowed to fight to maintain access to the Single Market after Brexit. Speaking at the Labour Party Conference, McDonnell said: We will seek to preserve access to the Single Market for goods and services. Today, access to the Single Market requires freedom of movement of labour. But we will address [...]
You’ll be hearing from my lawyer: Blue chip companies placing more and more money to one side to fight costly litigation, with FTSE 100 legal provisions up by a fifth September 26, 2016 Firms in the FTSE 100 put aside £31.3bn between them last year in a bid to cover potential legal bills stemming from increasingly costly litigation, a study out today has found. Legal provisions, which refer to money set aside to cover expenses such as legal costs, fines and compensation, among those in the blue chip index have [...]
Taxman increases number of raids on premises by over a quarter September 26, 2016 More and more businesses could be expecting a rather abrupt visit from the taxman, as figures out today has found the number of raids carried out by HM Revenue & Customs (HMRC) has shot up over the last year. The research found that HMRC searched 761 properties as part of its criminal investigations over the course of the [...]
People still trust brick-and-mortar branches more than digital banks September 26, 2016 Digital banking has surged in popularity over the last few years, but research out today also shows many still won't trust a lender without a brick-and-mortar presence. Just less than half (48 per cent) of UK banking customers would not be comfortable sorting out their finances solely online or by mobile, while a third (33 [...]
International trade secretary Liam Fox’s steer towards hard Brexit has got the City worried – here’s why September 25, 2016 The government's stance on Brexit appears to be hardening, with international trade secretary Liam Fox set to advocate that the UK pushes ahead and becomes an independent member of the World Trade Organisation (WTO). This would set the UK on a path to leave the EU’s customs union, an area that allows the free movement of goods [...]
Pensions lifeboat appoints its own trustees at Bernard Matthews to safeguard pension pot following sale September 25, 2016 NULL
Brexit and the City: Here are the names you need to know September 25, 2016 As rumours circulate that Article 50 could be triggered towards the start of next year, many in London are more than a little curious as to what the City will look like post-Brexit and who will be fighting to keep their best interests front and centre during the course of the negotiations. City A.M. profiles some [...]
Miriam Gonzalez Durantez takes up new job at UBS September 25, 2016 Some of UBS' London staff might be feeling one of the bank's new joiners has a very familiar face. Miriam Gonzalez Durantez, a highly-regarded lawyer and wife of former deputy prime minister Nick Clegg, is joining the Swiss bank giant's London unit as a non-executive director. Gonzalez Durantez, who is a partner at City law firm Dechert, will [...]
