Government must ‘level up’ foreign investment across Britain, urges select committee September 23, 2021 An influential commons select committee has criticised the government for failing to map out its plan for spreading foreign investment more evenly across the UK to achieve its “levelling up agenda”. The International Trade Committee (ITC) slammed the government in a report published today for promoting foreign investment’s role in boosting economic prosperity in forgotten [...]
A tale of two cities: I love London but I need it to embrace diversity and love me back September 23, 2021 I love London unconditionally. It is my home and it fills me with pride when I say I’m a Londoner. But I’d like this thriving democracy to look into its black and ethnic communities and find the diversity of its history. I grew up in Hackney and Dagenham. Leaving aside the “Dagenham is Essex” debate, [...]
Thatcherite think tank urges UK to shake off EU regulatory regime September 23, 2021 An influential Thatcherite think tank has called for Britain to shake up its regulatory regime to ensure legacy EU rules do not crowd out innovation after Brexit. The Institute for Economic Affairs (IEA) has urged the government to introduce a “British innovation principle” to avoid choking the UK economy’s competitiveness. The IEA warned the UK’s [...]
The ICAS public voice – the corporate ecosystem post-covid September 23, 2021 As we begin to emerge from Covid-19, a key strand in the public policy work undertaken by ICAS relates to reforming the corporate ecosystem. From a public interest perspective, our role is to share insights, shaped and informed by the views of ICAS Members, into the many complex issues and decisions involved in developing high-quality [...]
The tale of Big Tech’s reckoning was spelled out by Rockefeller’s downfall – CityAM : CityAM September 23, 2021 The Austrian economist Joseph Schumpeter described an effective free market as a “gale of creative destruction”. Old companies and outdated ideas would be cast aside by the market’s pursuit of the new, and the consumer would be the winner. It is little surprise then that incumbents tend to do all they can to arrest the [...]
Global chip shortage to cost auto industry $210bn in lost production this year September 23, 2021 An ongoing global shortage in semiconductors is on track to cost the world’s automakers $210bn (£159m) in lost revenue this year, almost double that of previous estimates. Consultants at Alix Partners said that 7.7m fewer vehicles would be manufactured in 2021 as a result of the shortfall, weighing on car firms’ earnings. As the crisis [...]
Booming UK tech sector now accounts for one in eight jobs – and they’re much better paid September 23, 2021 As investment in UK startups soared to £13.5bn in the first six months of 2021, hiring surged across the country, with tech now making up 13 per cent of all UK job vacancies. While some industries are still grappling with the fallout from the pandemic, the UK’s tech sector is comparatively booming, and companies across [...]
Cinema chain boss says he wants to accept Dogecoin as payment method September 22, 2021 AMC Cinema chain CEO Adam Aron says he is now looking into the mechanics of accepting Dogecoin as a means of payment.
Bank of England’s reputation is at stake in the interest rate tragicomedy September 22, 2021 Misplaced expectations often lead to wasted time. Pip, Vladimir and Estragon waiting for Godot, and even England fans crying out for the arrival of Jack Grealish during Euro 2020. These stories teach us that banking on something to happen can lead to opportunities going amiss. The Bank of England could be lumped into that group [...]
Manufacturing for the iconic MOKE returns to the UK September 22, 2021 Manufacturing for the MOKE, an iconic sixties open top car favoured by the likes of The Beatles, The Beach Boys and Brigitte Bardot, is returning to the UK from France. The MOKE has been engineered in Britain and manufactured in France since its relaunch in 2020. From now on, all MOKEs will be built at [...]
