Net migration set for record high as Tories brace for backlash May 14, 2023 Net migration figures into the UK are reportedly set to reach a record high of up to one million with the Conservative party bracing for criticism over the issue. Official figures are expected to be released later in May, with net migration expected to be 650,000 to 997,000 – far higher than the previous record [...]
Mike Lynch: UK tech tycoon who founded software firm Autonomy is extradited to US May 12, 2023 British technology tycoon Mike Lynch has been extradited to the US to face criminal charges. The founder of software firm Autonomy, who was once dubbed the UK’s Bill Gates, will stand trial on charges including fraud, which he denies. It comes weeks after he lost an appeal last month following an almost four-year court battle [...]
Badenoch take Brexit bullet for Sunak: ‘Massive climbdown’ in EU law bonfire pinned on business sec May 12, 2023 Kemi Badenoch has insisted a decision to scale back post-Brexit plans to scrap EU laws was hers, as senior Conservative MPs criticised the “massive climbdown”. The Business Secretary insisted it was she and not Rishi Sunak who had taken the decision to revoke around 600 retained EU laws, rather than the 4,000 pledged. The Government [...]
A stronger trade relationship with India is a durable investment we should urgently make May 12, 2023 We should bring a laser-like focus to our negotiations with India for a trade agreement. If we score the right deal, our stock market, start-ups and many other industries and sectors will benefit, writes Deji Alonge
Wealthy splurge £3.1bn on luxury London homes as demand recovers after pandemic May 11, 2023 London’s mega wealthy splurged £3.1bn on 161 luxury homes across the capital’s most affluent boroughs in the year to 23 March – the strongest year for London’s luxury property market since the Brexit vote. The highest number of £10 million-plus deals in London took place in Kensington, Belgravia and Mayfair, where the rich bought 73 [...]
Experts blame France pipping UK to EU investment crown for second straight year on Brexit May 11, 2023 Experts have today partially blamed post-Brexit uncertainty for helping France pip the UK to Europe’s investment hub crown for the second year in a row. The UK was home to 15.6 per cent, or 929, of all European foreign direct investment (FDI) projects last year, down from 16.9 per cent in 2021, according to consultancy [...]
Non-compete clauses slashed as ministers begin post-Brexit regulatory changes May 10, 2023 Non-compete clauses will be slashed to three months in a bid to boost competition between employers, ministers announced today, as a key EU ‘sunset’ clause is ditched. It comes as part of a move by the government to scrap its own plans for thousands of EU laws to automatically expire at the end of the [...]
Consumer Duty: why City firms need to prepare now or face ‘robust action’ May 10, 2023 A clampdown is looming for City firms as the Financial Conduct Authority prepares to roll out its new consumer duty this summer, in the biggest shake-up of consumer protections in over a decade.
Productivity gains won’t win elections, but they will secure growth for decades May 10, 2023 We used to lead the world in productivity, and now we lag behind. We need to invest more to be productive. It might not be the most exciting political slogan, but it will pay off, writes Josh Williams
The advance of India ahead of China offers new ground for a Global Britain May 9, 2023 As India overtakes China as the most populous country, the UK should make the most of its historical ties to have influence as Delhi starts to throw Beijing's power off-kilter, writes Eliot Wilson.