UK banks are yet to maximise the full benefits of the cloud November 24, 2020 In a year that demonstrated the importance of operational resilience, major UK banks have migrated less than 10% of business infrastructure onto the public cloud. The move to the cloud also requires a mindset shift for many. In the banking sector, AI and Blockchain have long been regarded as the technologies set to change the [...]
Need a way out of recession? Look to the stars November 23, 2020 “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills.” These words by President John F. Kennedy are as important today as they were [...]
Boris Johnson vows to make UK Europe’s greatest naval power with new defence spending November 19, 2020 Boris Johnson has vowed the UK will return to its place as “the foremost naval power in Europe” through a landmark increase in military spending. Johnson said the country will benefit from a “renaissance of ship building”, while also focusing on space-based defence technologies that will destroy “targets with inexhaustiable lasers”. The government will increase [...]
UK tech visa applications jump as sector attracts top talent November 19, 2020 Applications to the Tech Nation visa rose almost 50 per cent this year as Britain’s booming tech sector continues to attract top talent from around the globe. The number of applications for the visa, which grants employees and founders in the tech sector the right to work in the UK for up to five years, [...]
TODAY: Boris Johnson to unveil largest military spending increase in decades November 19, 2020 Boris Johnson will today announce he is tripling a planned increase of the country’s military budget in what will be the largest defence investment in decades. The government will spend an extra £16.5bn on the UK’s military over the next four years, which will take the total increase over this time period to about £24.1bn. [...]
In harm’s way? The government’s plan to protect us online could break the internet November 19, 2020 In the coming days, it is likely that the government will signal the direction it plans to take on its journey to enhance the regulatory framework for content on the internet. As we wait to assess the details in the final response to the Online Harms White Paper, it is important to take a step [...]
European tech industry calls for delay to new regulation November 18, 2020 A group representing Europe’s thriving tech industry has called for a moratorium on looming new regulation until a review has been carried out into the impact of the changes. The EU will next month table new laws designed to prevent tech companies from unfairly promoting their own products and services and holding firms more accountable [...]
How central bankers see the prospects for digicurrencies November 17, 2020 Last week three of the world’s central bankers met for an online European Central Bank Forum: BoE Governor Andrew Bailey, ECB President Christine Lagarde, and Fed Chair Jerome Powell. Their opinions will affect policy for the near-term—policies that determine inflation, interest rates, economic activity, the sales your company makes and the salaries or raises you [...]
Exclusive: Coronavirus stalls nearly a third of promotions November 16, 2020 Some 28% of full time workers were due a promotion in 2020 that has been put on hold due to the coronavirus pandemic, exclusive research has revealed. The research found more than a third (36%) of full-time workers felt their professional development had regressed due to the coronavirus pandemic. Among 18 to 34 year-olds the [...]
Ministers to block foreign takeovers of UK firms under new law November 11, 2020 The government will today unveil legislation which will enable ministers to intervene and block firms in hostile states from taking over UK companies. Under the National Security and Investment Bill, it will be mandatory for deals involving firms in 17 sectors deemed of strategic importance to be notified to officials. In addition, the government will [...]