FCA to swoop on City’s asset managers over misleading ESG investment August 10, 2022 The UK’s City watchdog is poised to swoop on asset managers if they promote “misleading” sustainable investments, as it prepares to ramp up its scrutiny of the ‘environmental, social and governance’ (ESG) label.
Brexit: Truss wants ‘call in’ power to allow ministers to overrule City regulators August 10, 2022 Liz Truss wants to give ministers the power to overrule decisions made by the UK’s financial services regulators in a move that is set to create serious tensions with the Bank of England. The Tory leadership frontrunner wants to revive the policy, which was recently ditched by the Treasury, as a part of the government’s [...]
Automation isn’t about replacing staff with machines, it’s about focused work August 9, 2022 Scanning the candidates vying to become the next prime minister, the most immediate question springing to mind is: who on Earth would want that job? Soaring inflation, snarled supply chains, labour shortages and some of the detrimental effects of Brexit are plaguing our country. Whichever way you look at it, the UK finds itself in [...]
Merge UK’s financial services regulators into one body, says Tory think tank August 8, 2022 The government should consider merging the UK’s several financial services regulators into one body post-Brexit, an influential Tory think tank has said. A new report from the centre-right Policy Exchange, which was founded by Michael Gove, today said “meeting the demands” of the multiple City regulators can be “a major barrier to innovation” for new [...]
Watch Rishi Sunak’s Brexit message as he is ridiculed on social over ‘worst campaign video ever created’ August 8, 2022 Rishi Sunak’s campaign is under fire this afternoon as the former chancellor is mocked online and accused of “pointless posturing” in a campaign video focused on shredding EU regulations which has been likened to a parody. The Tory leadership candidate vowed to use his first 100 days if elected prime minister to “review or repeal [...]
Khan-backed campaign to increase foreign investment into London launches August 8, 2022 A new campaign backed by Sadiq Khan to increase green foreign capital investment into London post-Brexit has today been launched. The £500,000 Opportunity London campaign – which has been partially funded by City Hall, the City of London Corporation and the 32 borough councils – aims to “showcase London as one of the very best [...]
Severing EU-China ties would cost Germany six times as much as Brexit August 8, 2022 Severing ties between the European Union and China would cost Germany six times as much as Brexit, reveals a new study published today. The country’s automotive industry, among the biggest contributors to Germany’s top line GDP, would shrink nearly nine per cent if the EU cut trade links with Beijing, according to the IFO Institute. [...]
Businesses scramble to hire workers despite looming UK recession August 8, 2022 Businesses are scrambling to fill vacancies at a rapid pace despite the UK staring down the barrel of the longest recession since the financial crisis, revealed new figures published yesterday. A shortage of workers partly driven by people dipping out of the jobs market due to Covid-19 related health issues and Brexit has intensified competition [...]
Musk urged to build Tesla factory in Teeside August 7, 2022 World's richest man Elon Musk has been urged to construct a Tesla plant in North East England by Tees Valley Mayor Ben Houchen.
Equity exodus continues as UK investors pull £416m from funds August 5, 2022 Nervous UK investors are pulling cash from equity funds in droves as soaring inflation continues to batter global stock markets.