EU referendum: British households save £200 per year thanks to EU free trade agreements – new London School of Economics (LSE) study British households save £200 per year thanks to European Union free trade agreements, according to a new report out today from the London School of Economics. The study from the LSE’s Centre for Economic Performance says British families will benefit from more savings from planned EU trade agreements with the US and Japan, worth an [...]
Nanny state? Institute of Economic Affairs (IEA) says taxes on wine, beer, cigarettes and sugar make Britain among the most meddling countries in the EU Excessive regulation and so-called "sin taxes" make Britain among the most meddling countries in the European Union, according to a new report out today from the Institute of Economic Affairs (IEA). The free market think tank published its annual "Nanny State Index" league table with the European Policy Information Centre, putting Britain in the number [...]
New Barclays/Opinium report finds millennials are most worried about being shown up by tech-savvy younger colleagues One in three workers between the ages of 18 and 34 are worried about being shown up by even younger colleagues, according to a new report out today from Barclays on digital skills. According to the report, including surveys conducted by Opinium,18-34 year-olds are the age group that is most worried about whether they are [...]
UK steel crisis: Prime Minister David Cameron rejects Labour leader Jeremy Corbyn’s call for MPs to hold an emergency debate over Tata Steel March 30, 2016 UPDATE: Downing Street has rejected Labour leader Jeremy Corbyn's appeal for MPs to return to London from their Easter holidays to debate the future of the British steel industry. A Number 10 spokesman said this afternoon: "Ministers will continue to hold briefings to update representatives of other parties on the situation but we have no plans [...]
Bank of England stress tests: Berenberg warns Lloyds Banking Group could be hit hard by 2016 stress tests while Standard Chartered and HSBC could fare better than in recent years March 30, 2016 Lloyds Banking Group is "particularly vulnerable to larger stress test losses" in 2016 compared to Britain's other big banks, analysts at Berenberg have warned. The Bank published its plans yesterday for this year’s stress test of Britain’s biggest banks, saying it would test to see how lenders would fare in a scenario where global growth falls 1.9 [...]
London mayoral election 2016: Zac Goldsmith and Sadiq Khan square off over Transport for London (TfL) fares and services March 30, 2016 Conservative mayoral candidate Zac Goldsmith and his Labour rival Sadiq Khan will square off today over their plans for public transport in the capital, with Goldsmith vowing to protect investment in Transport for London (TfL) and Khan accusing the Richmond Park MP of planning to raise TfL fares by 17 per cent. Goldsmith is set to [...]
Bank of England clamps down on buy-to-let market with strict new rules for mortgage underwriters March 29, 2016 The Bank of England has today revealed plans to clamp down on the buy-to-let market, setting out strict new rules for banks underwriting buy-to-let mortgage contracts. In a new paper out today, the Prudential Regulation Authority (PRA) said lenders will need to meet a minimum set of requirements before underwriting buy-to-let mortgage contracts, including assessing the [...]
Bank of England sets out UK bank stress test scenario and reveals plans to raise the countercyclical buffer rate for British banks in 2017 March 29, 2016 British banks, building societies and investment firms will need to build up their cash piles under new rules revealed today by the Bank of England. In a statement today, the Bank’s Financial Policy Committee (FPC) said that even though British banks have improved their “resilience” in spite of global and domestic headwinds, investors expect weaker [...]
EU referendum: Bank of England warns In/Out vote is the most significant short-term risk to the UK economy March 29, 2016 The referendum on Britain’s European Union membership poses the most significant short-term risk to the UK economy, the Bank of England has warned. In a statement today, the Bank’s Financial Policy Committee (FPC) said the outlook for Britain’s financial stability has “deteriorated” since the end of last year, with existing risks “supplemented” by uncertainty in [...]
EEF slams government over skills shortage as new survey finds nearly three in four firms are struggling to recruit skilled workers March 29, 2016 Nearly three in four manufacturers have struggled to recruit skilled workers in the last three years, and almost just as many are worried they will face similar problems in the years to come, according to a new survey out today from the EEF. The EEF said firms are dealing with a lack of quantity and [...]
