Uber and the Licensed Taxi Drivers Association to square off before MPs November 23, 2015 Top bosses from Uber and the Licensed Taxi Drivers Association are set to be questioned by MPs tomorrow morning. Both Uber's head of public policy in the UK Andrew Byrne and Licensed Taxi Drivers Association chairman Richard Massett will give evidence to the influential business, innovation and skills (BIS) committee as part of its inquiry into the digital economy. [...]
Argentina elections: Conservative candidate Mauricio Macri defeats rival Daniel Scioli to win Argentina elections November 23, 2015 Argentina's Conservative opposition candidate Mauricio Macri has won the country's elections, ousting ruling party rival Daniel Scioli with a small majority. Scioli conceded defeat when the votes showed Macri, the mayor of Buenos Aires, had secured 51.5 per cent of the votes to 48.5 per cent. Loud cheers erupted in Macri’s campaign headquarters earlier in the night, where his senior [...]
New CBI director-general Carolyn Fairbairn takes the reins at Britain’s biggest business group November 23, 2015 Speaking to City A.M. at the Confederation of British Industry (CBI) headquarters on Cannon Street last week, Carolyn Fairbairn said that she is “proud” to be the first female director general in the 50-year history of Britain’s biggest business group. “I think business is a great career for women,” she said. “If my being here [...]
Spending review 2015: Prime Minister David Cameron commits another £12bn to defence equipment November 23, 2015 Prime Minister David Cameron will commit to spending an additional £12bn on defence equipment over the next ten years when he reveals the government’s five-year national security strategy and strategic defence and security review today, saying that the world is “more dangerous and uncertain today” than when he first moved into Downing Street. “This is [...]
Autumn Statement 2015: British Chambers of Commerce wants cuts for tax admin costs November 18, 2015 A leading business group has written to ministers asking for new measures to cut the costs of tax administration in next week’s Autumn Statement. In an open letter to cabinet office minister Oliver Letwin and business secretary Sajid Javid, the British Chambers of Commerce (BCC) said that the cost of complying with tax requirements has [...]
Chancellor George Osborne says government will spend another £1.9bn on cyber security November 17, 2015 Chancellor George Osborne has announced that the government will almost double its investment in cyber security initiatives over the next five years, spending an additional £1.9bn. Speaking to intelligence officials at GCHQ this morning, Osborne said that while British authorities are already monitoring cyber threats against 450 companies across the aerospace, defence, energy, water, finance, [...]
Autumn Statement 2015: Chancellor George Osborne hires Rothschild to look into selling off Land Registry November 17, 2015 Chancellor George Osborne is once again considering privatising the Land Registry, hiring bankers to look at selling off the state-owned agency. The government has reportedly asked Rothschild, the investment bank, to consider options for selling Land Registry, which is part of the department for business, innovation and skills and maintains records of all property transactions [...]
Andrew Tyrie tells regulators “not give in to special pleading from banks” over post-crisis regulations November 16, 2015 An influential Conservative MP has slammed British banks over their attitude toward reform, calling on regulators to “not give in to special pleading from banks in implementing the reforms introduced as a result of the financial crisis”. In a speech tonight at City law firm Allen & Overy, Andrew Tyrie, who chairs the Treasury Select Committee, [...]
Autumn Statement 2015 predictions: Accountants say George Osborne needs to spare UK Plc November 16, 2015 A leading industry group is making a wide-reaching appeal to chancellor George Osborne, calling for him to spare British businesses in next week’s Autumn Statement. The Institute for Chartered Accounts in England and Wales (ICAEW) said the chancellor should “not introduce anything that will impact businesses” in the fiscal update, saying measures introduced in the [...]
Spending Review 2015: EEF says Treasury should remember “increasingly fragile” manufacturing outlook November 16, 2015 British manufacturers are warning the Treasury today that deep cuts to research and development budgets would hurt UK growth and exports. In a submission ahead of next week’s Comprehensive Spending Review (CSR), the EEF manufacturers’ organisation said the Treasury should consider the “increasingly fragile outlook” for exporters, adding that “balancing the books must not be [...]
