No-deal Brexit would worsen UK productivity crisis, CBI warns December 10, 2020 UK business investment will be nine per cent below its pre-coronavirus level by the end of 2022, causing “long-term scarring” and the country’s productivity crisis to drag on, the CBI has predicted. The business lobby group said that a no-deal Brexit would make the situation even worse, causing more uncertainty and disruption for businesses while [...]
Celebrity vaccine endorsement? Try behavioural science instead December 10, 2020 A Covid-19 vaccine has been approved, and the nation celebrated as the first shots were administered this week. Now, the conversation around coronavirus has developed from how we can produce a cure to how we can successfully convince people to take it. While the vaccine is being heralded as the end of the pandemic, some [...]
How Covid-19 turned out to be Open Banking’s moment to shine December 10, 2020 If you were to ask a UK business in the past few months whether they use Open Banking, they might look confused. But if you asked them whether they’ve been using digital tools to help them forecast their cashflow, see their accounts in real time, issue paperless invoices to clients or apply for a government [...]
Grandiose plans for a green revolution are great, but first let’s fix our ageing electricity network December 10, 2020 Thousands of commuters stranded on frozen trains, traffic lights unable to direct, and 1.1 million people left without power marked out an otherwise normal Friday evening in August 2019. The failure of a gas power plant and an offshore wind farm had led to a power outage, as the UK electricity network failed to handle [...]
Pay no attention to the left-wing brigade, a Covid wealth tax would be a disaster December 10, 2020 It is incredible how, in the 12 years since the financial crisis, the position of so many organisations has changed. In 2008/9, think tanks like the Institute of Economic Affairs (IEA) argued that the British day-to-day deficit required prudent reforms to public spending, while those on the left claimed that there wasn’t a problem and [...]
Anything from the trolley? Easyjet launches doorstep cabin crew service December 10, 2020 Although you might have missed out on going abroad this year, you can still relive the in-flight experience from your doorstep next week, with Easyjet launching its first ever home trolley service. To celebrate the budget flier’s 25th birthday, cabin crew will be making the rounds of homes across London with a fully-stocked trolley on [...]
Manufacturers set for £24bn boost from surge in direct-to-consumer sales December 10, 2020 Manufacturers could see a £24bn boost in direct-to-consumer sales over the next three years as shoppers increasingly look to bypass traditional sales channels. According to new data from Barclays Corporate Banking, the direct-to-consumer segment could grow in value to £120bn, up from £96bn this year. The growth is down to more and more customers opting [...]
The City View: Goodbye to City AM, from outgoing editor Christian May December 9, 2020 In this episode, Christian reflects on his appointment as Editor and the five and a half years he enjoyed at the newspaper. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS This podcast is sponsored by CMC Markets. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether [...]
Join EY in celebrating UK entrepreneurship December 9, 2020 Tune in on Thursday 10 December to celebrate the UK’s entrepreneurial community. EY Entrepreneur Of The Year™ UK has been celebrating, supporting and connecting entrepreneurs since it first launched in the UK over 20 years ago. Entrepreneurs are a crucial part of the UK economy, and will be key to our economic recovery as we [...]
Facebook facing multiple lawsuits that could splinter the tech firm and render acquisitions illegal December 9, 2020 The US Federal Trade Commission (FTC) and nearly every US state have sued Facebook today, saying that it broke antitrust law and should potentially be broken up. In its complaint, the coalition of 46 states, Washington, D.C. and Guam also asked for Facebook’s acquisitions of Instagram and WhatsApp to be judged to be illegal. The [...]
