Post-Brexit foreign direct investment in the north skyrockets 72 per cent September 26, 2022 Post-Brexit foreign direct investment in the ‘northern powerhouse’ has skyrocketed by 72 per cent compared to the rest of the UK, a new report has shown. Investment in the north rose from £24bn between 2012-16 to £41bn after Britain left the European Union, from 2017-21. The findings, by the Northern Powerhouse Partnership, also found the [...]
Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]
Truss considers increasing migration to UK to boost economic growth September 25, 2022 Liz Truss is considering plans to increase the number of migrants coming to the UK in a bid to boost economic growth. The Prime Minister wants to bring forward drastic changes to the UK’s visa laws to tackle labour shortages in a move that will likely spark anger within sections of the Conservative party. The [...]
Truss’ migrant plan a welcome triumph for pragmatism over ideology September 25, 2022 On the face of it, you can see why those sitting in European capitals might scoff at Liz Truss’ plan to open up the door to higher migration in order to assist Britain’s growth push. After all, the vote for Brexit – perhaps not for its architects but unquestionably for many of those who put [...]
Recruit skilled migrant workers for your business September 23, 2022 UK-based employers often struggle to recruit experienced and skilled staff, especially due to the combined effects of the pandemic, Brexit and the war in Ukraine. Recruiting talent from overseas may prove rewarding in the long run. However, it’s important to seek the advice of experienced immigration advisers to navigate the complexities of the relevant immigration [...]
Kwarteng marks himself out as the most radical Chancellor since Lawson September 23, 2022 When Kwasi Kwarteng said he wanted to go for growth, it appears he meant it. Some will say the tax reforms announced today are ‘unfunded’ and reckless. Others will say it’s not the time for changes to banker’s pay. But in his ambition and his vision of a competitive Britain, the Chancellor has placed the [...]
Hello, 999? Our ambulances are in desperate need of emergency surgery September 23, 2022 Therese Coffey has only been in post for two weeks, as she reminded everyone, repeatedly, while announcing her plans to fix the health service. Her proposal is not quite as easy as ABCD, but that’s what it’s called. Ambulances, backlogs, care, doctors and dentists. Among her plans, people will be able to see their GP [...]
Liz Truss cost of living support fails to prevent new consumer confidence low September 23, 2022 Liz Truss’s cost of living support has done nothing to lift Brits’ optimism out of the doldrums, a closely watched survey published today reveals. Consumer confidence collapsed five points over the last month to minus 49, the lowest since research firm GfK started tracking the figures in 1974. The survey was carried out between early [...]
London breezes past European rivals to retain finance hub crown September 22, 2022 London has breezed past its Continental rivals to retain the title of Europe’s top financial hub, research shared exclusively with City A.M. today shows. The capital’s deep highly-skilled talent pool helped drive it to the top of the European rankings in the 32nd edition of Z/Yen’s global financial centres index (GFCI). The Square Mile has [...]
Biden underlines his commitment to NI Protocol as he meets with Truss September 21, 2022 Joe Biden has emphasised his commitment to the post-Brexit Northern Ireland Protocol before his meeting with Liz Truss, telling the Prime Minister he wanted to hear “what’s on your mind”. The US President said in a short statement before the pair’s first bilateral meeting that the UK was the US’ “closest ally in the world” [...]