Confirmed: Jaguar owner Tata to build £4bn battery factory in the UK July 19, 2023 Jaguar Land Rover’s owner has confirmed it will invest £4 billion to build a gigafactory in the UK, in a major boost for the British automotive sector and following months of speculation. Tata Group – the Indian conglomerate who have owned JLR since 2008 – said that its investment in the new 40GWh battery plant [...]
The competition watchdog is plagued with a knee-jerk belief that ‘big is bad’ July 19, 2023 The CMA's u-turn on the Microsoft/Activision deal is a sign that the competition regulator might be starting to understand its approach to Big Tech will bring no good to the UK, writes Cento Veljanovski
UK set to open trade negotiations with Turkey July 18, 2023 The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, the government has announced. Negotiations on an updated free trade agreement are expected to begin in 2024 after the two countries agreed there was scope to improve the existing deal. Britain’s trade with Turkey [...]
UK to issue visas for foreign construction workers to fill job shortages July 17, 2023 Carpenters, bricklayers and roofers are among migrant workers who will be allowed to apply for work visas and get a discount on fees in a bid to fill UK job shortages. The Home Office said it was “temporarily easing visa restrictions” for a string of construction roles by adding them to the shortage occupation list. [...]
Oliver Bonas: Boss says Brexit ‘teething problems’ holding back Irish expansion July 17, 2023 The founder of homeware store Oliver Bonas has complained of the “teething problems” related to Brexit, which is making it difficult to grow his brand in Ireland. Olly Tress told The Times that the firm’s expansion plans in the country are “oven ready,” but the fallout from Brexit has made it “hard and expensive to [...]
National Audit Office launches probe into FCA as regulator sizes up crypto and AI July 17, 2023 The National Audit Office (NAO) has launched a probe into the functions of the City regulator as its remit swells to take on oversight of technologies like cryptoassets and artificial intelligence.
Citi’s European boss says London has not been diminished by Brexit July 17, 2023 Citigroup’s European head has said that Brexit has not impacted the City anywhere near as much as experts predicted. In an interview with The Daily Telegraph, David Livingstone, Citi’s Europe, Middle East and Africa boss, said the City has “not been diminished” by Brexit, despite attempts by the EU to attract more firms to the [...]
The Liberal Democrats and the long, hard climb back to political relevancy July 17, 2023 As Keir Starmer looks increasingly likely to be the next PM, Ed Davey's Liberal Democrats have a shot at power - if they can remind voters they exist, writes Eliot Wilson
Business groups hail Indo-Pacific trade deal as boost for City despite minor growth bump July 16, 2023 Business groups have hailed the UK’s membership of a major Indo-Pacific trade bloc as a potential boost to the City today despite analysis showing a meagre growth bump from the deal over the long term.
BT boss Jansen pins share price slump on ‘short-term’ London investors July 16, 2023 BT's outgoing boss Philip Jansen has blamed a 'short term' outlook in London for his firm's lengthy share price slump in a defence of his tenure at the top of the telecoms giant.