Odey Asset Management taking sexual assault claims “extremely seriously” – reports December 6, 2022 Bosses at Odey Asset Management have reportedly said they are treating claims of sexual assault against founder Crispin Odey “extremely seriously”, after new claims were reported in the media this week.
Govt will not introduce airport-specific EU visas post-Brexit, says aviation minister December 6, 2022 In a bid to strengthen its UK workforce, the government will not introduce any specific visas for EU labourers to help airports with staffing levels. Aviation minister Baroness Vere told journalists it was up to everyone working in the sector to establish a “sustainable and secure UK workforce that meets our needs, [and] that is [...]
M&A slumps as UK dealmakers sit out rocky markets December 6, 2022 Mergers and acquisitions in the UK have slumped back to pre-pandemic levels this year as dealmakers play the waiting game amid wild swings on the markets, official figures have revealed. A total of 459 domestic and cross-border deals were completed in the third quarter of the year, nine down on the previous quarter and 159 [...]
Ageing population and weaker post-Brexit migration has damaged UK economy, experts claim December 5, 2022 An ageing population, weaker migration inflows since Brexit and a sicker society due to the pandemic has damaged the UK long-term economy’s health, top City economists have warned. A steadily rising elderly population has resulted in a jump in Brits leaving the jobs market to take retirement or due to ill health, putting the workforce [...]
Reports: UK set to unveil post-Brexit financial services reforms on Friday December 5, 2022 The UK is reportedly set to bring forward long awaited post-Brexit reforms to the UK’s financial services rulebook on Friday. Bloomberg reported this morning that the Treasury is now completing the final details of the package, with cabinet sign-off expected this week, and that an announcement is pencilled in for the end of the week. [...]
Brexit: German ambassador to UK ‘cautiously optimistic’ on NI Protocol deal December 4, 2022 One of Germany’s top diplomats is “cautiously optimistic” about the prospect of a UK-EU deal on the post-Brexit Northern Ireland Protocol, after a thawing in relations. Miguel Berger, Germany’s ambassador to Britain, said there is now an “openness to engage” from Downing Street and that UK-EU relations had improved since Boris Johnson was ousted. Both [...]
Brexit: EU ready to ‘double down’ efforts in Northern Ireland Protocol talks December 1, 2022 Brussels is ready to “double down on efforts” to broker a deal on the post-Brexit Northern Ireland Protocol, according to the European Commission’s Vice President. Maros Sefcovic said there is now a “clear window of opportunity” to come to an agreement with the UK, after he spoke with foreign secretary James Cleverly this afternoon. Cleverly [...]
Pound hits highest level against US dollar since early August and posts best monthly gain since 2020 December 1, 2022 The pound has climbed to its highest level against the US dollar since early August driven by investors betting on slower interest rate rises across the pond. Sterling bounced above $1.22 and was up over 1.2 per cent against the dollar heading into late afternoon trading today. US Federal Reserve chief Jerome Powell last night [...]
Britain’s factories already in recession on ‘lethal cocktail’ of constraints December 1, 2022 Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) inched higher to 46.5 last month from 46.2 in October. Despite the slight rise, the survey remained far [...]
Explainer-in-brief: Britain is the piggy in the middle of EU-US trade tensions December 1, 2022 Emmanuel Macron is in the US this week to meet President Joe Biden and try to avoid a potential trade war. The subject is green subsidies, part of the colossal Inflation Reduction Act passed by Biden over summer. Biden wants to inject billions of dollars into US-made green technologies, and the EU is worried about [...]