CBI director-general Carolyn Fairbairn says mid-sized firms are the “missing link” in the British economy November 30, 2015 Carolyn Fairbairn will use her first major speech as Confederation of British Industry (CBI) director-general today to call on the government to introduce new policies to promote medium-sized businesses. Speaking at CBI event in London, Fairbairn will say that Britain’s 3,000 so-called “scale-up medium-sized businesses” (MSBs) contributed £59bn to the UK economy between 2010 and 2013. [...]
Chancellor George Osborne and business secretary Sajid Javid vow to boost competition in 11 sectors including banking, broadband and energy November 30, 2015 British families could save £470 a year thanks to a new government plan to boost market competition, chancellor George Osborne and business secretary Sajid Javid have said. In a joint announcement today, Osborne and Javid will reveal a new, 25-page document intended to create more competitive business conditions – something they say will bring down [...]
Bank stress test results: Britain’s seven biggest lenders including Standard Chartered, HSBC, Lloyds and Barclays, under pressure from regulators November 29, 2015 Britain's biggest banks are bracing for announcements from the Bank of England Tuesday which may force them to cut dividends in order to satisfy regulators’ capital requirements. Seven leading lenders – HSBC, Barclays, Lloyds Banking Group, Standard Chartered, Royal Bank of Scotland, Santander and Nationwide – were subject to the Bank of England’s latest round [...]
London airport expansion: Government gearing up to make a decision on Heathrow as soon as this week November 29, 2015 A government ruling on airport expansion could come as soon as this week, with ministers gearing up to decide whether or not to reject the Airports Commission’s recommendation for a third runway at Heathrow Airport. The Airports Commission, led by RBS chairman Sir Howard Davies, said in July that it backed building a third runway [...]
NatWest says government’s new Help to Buy ISAs will help young customers November 27, 2015 NatWest has revealed that it will be one of the country’s first lenders to participate in the government’s new Help to Buy: ISA scheme. Starting next week, NatWest will offer customers accounts on the scheme, which will see the government topping up individuals’ savings when they purchase their first home. For every £200 an individual [...]
London airport expansion: Scottish Conservatives leader Ruth Davidson MSP puts pressure on Cameron over Heathrow November 26, 2015 The top Conservatives in Scotland and Wales are today supporting a third runway at Heathrow, urging the government to make a quick decision to back the Airports Commission’s recommendation. In an open letter published today, Ruth Davidson, leader of the Scottish Conservatives, and Andrew R.T. Davies, leader of the Welsh Conservatives, said Heathrow “already does what no [...]
Autumn Statement 2015: Institute for Fiscal Studies says Osborne got “lucky” this time around November 26, 2015 Chancellor George Osborne may not have made the severe cuts to public spending that many had expected in yesterday's Autumn Statement and Spending Review, but a leading economist has warned that the age of austerity is far from over and the chancellor's goal of a surplus by the end of the decade may prove difficult to achieve. [...]
Autumn Statement 2015: Institute for Fiscal Studies says Osborne got “lucky” this time around November 26, 2015 NULL
Business secretary Sajid Javid: Job cuts at Deutsche Bank are a “tragedy” November 25, 2015 Business secretary Sajid Javid has enthusiastically endorsed the Square Mile , saying the rest of the country could “learn a lot from the City” and calling recently-announced job cuts in the banking sector a “tragedy”. Speaking at the City A.M. awards dinner tonight, Javid said that while financial services has become an “easy target” for politicians, the [...]
Autumn Statement 2015: Osborne hits out at SNP, says falling oil prices would have forced independent Holyrood into catastrophic cuts November 25, 2015 Chancellor George Osborne used this afternoon's Autumn Statement to make a dig at the Scottish nationalists, issuing a stark warning about what might have been had they had succeeded in securing independence. Citing the severe drop-off in global oil prices since the Scottish referendum in September 2014, Osborne said the knock-on effects on government revenues would have [...]
