‘I’m a bull on the UK’: Lazard chief backs London despite doom and gloom warnings May 21, 2023 The chief of financial advisory and asset management giant Lazard has said he is a “bull” on the UK despite warnings of the City’s decline on the international stage.
City regulators set for fresh scrutiny as ministers push post-Brexit reforms May 21, 2023 Ministers are looking to strengthen their oversight of financial regulators and boost accountability for decision-making as part of post-Brexit plans to rein in regulatory red tape and fuel the growth of the City.
UK and EU publish draft MOU to improve post-Brexit financial regulatory cooperation May 19, 2023 The UK and the EU’s top body have published the draft of a memorandum of understand, intended to improve post-Brexit regulatory cooperation on financial services. The draft agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services”. The MOU was heralded as a [...]
Rich list: Richard Branson and Rishi Sunak see fortunes shrink – but who are the wealthiest Brits now? May 19, 2023 The billionaire Hinduja family have topped the Sunday Times Rich List for the second year in a row as their fortune jumped by more than £6 billion. Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, were named as Britain’s richest just days after Mr Hinduja’s brother Sri died. For the [...]
Have the culture war Conservatives killed off Cameron-style Tories? May 19, 2023 Is the nasty party back?
Problem with the UK’s automotive sector ‘isn’t to do with Brexit’, says Kemi Badenoch May 18, 2023 Business and trade secretary Kemi Badenoch has said the issue with the UK’s automotive sector “isn’t to do with Brexit”, as Labour pressed the government for an “explicit industrial strategy”. Her comments came as shadow business secretary Jonathan Reynolds warned that the “automotive sector has issued warning cry after warning cry that government policy risks [...]
Sunak insists he will bring down taxes when inflation cools May 18, 2023 Rishi Sunak has insisted he will bring down taxes when inflation cools and claimed the economy is defying expectations. It comes after economists warned one in five people will be paying the higher rate of tax under his policies. The Prime Minister said the nation’s finances are receiving boosts from the departure from the EU, [...]
The Notebook: Matt Scheckner talks embracing AI, Brand Britain and Gen Z May 18, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s Advertising Week chairman Matt Scheckner, currently hosting Advertising Week Europe. AI will not be the death of creativity, so long as we embrace it With every turn of the page, we are reminded just how much the world has changed and [...]
Sunak at G7: Post Brexit ‘vote of confidence’ as Japan firms to invest £18bn in the UK May 18, 2023 Japanese businesses are committing to invest nearly £18 billion in the UK, Rishi Sunak has announced as he meets the bosses of major firms in Tokyo. The Prime Minister said the pledges are a “massive vote of confidence” in the British economy after he painted an optimistic outlook for the national finances. But Mr Sunak [...]
Jeremy Hunt pressed on Brexit tariffs after Stellantis warns of job cuts and car factory closures May 17, 2023 Jeremy Hunt insisted the government is “very focussed” on ensuring Britain improves its EV car manufacturing capacity, after Vauxhall and Fiat’s parent firm warned of Brexit-linked concerns. The Chancellor’s comments were made in the wake of worrying remarks by automaker Stellantis, saying the future post-Brexit tariffs could threaten sections of its UK business, placing hundreds [...]