End of EU research funding will choke off UK deeptech, top professor warns May 27, 2022 An end to European research funding for UK universities could choke off a stream of so-called deeptech startups from attracting investment and making it to market, an expert has told City A.M.
UK signs first US state-level trade deal with Indiana May 27, 2022 The UK will today sign its first US state-level trade deal, with an agreement to be inked with Indiana. The “trade and economic development Memorandum of Understanding” with Indiana aims to cut red tape for British firms wanting to trade, or operate, with the Midwest state. The deal will not lower tariffs or quotas on [...]
Nadine Dorries launches impartiality review into the BBC May 26, 2022 Culture secretary Nadine Dorries has today launched a charter review of the BBC, which will examine if reforms are needed to ensure greater impartiality at the public broadcaster. The mid-term review of the BBC will examine whether the broadcaster is “delivering for licence fee payers” and “consider if reforms are needed to help it achieve [...]
Exclusive: Unprecedented war for talent reflects a seismic shift in power on Britain’s hyper-aggressive job market May 26, 2022 Britain’s jobless rate has fallen to its lowest level for over 47 years. In fact, for the first time ever, there are fewer unemployed people than job vacancies. This is resulting in an unprecedented ‘war for talent’ and an unprecedented wave of pay hikes, but what does this actually look like for London’s business community? [...]
Post-Brexit Britain a hit among foreign students as international applications set to rise by 50 per cent May 26, 2022 International applications to UK universities are set to rise by nearly 50 per cent within the next five years as foreign students scramble to get a spot at a British institution, according to new figures from Ucas. Ucas forecasts that the volume of international undergraduate applicants will increase by 46 per cent to 208,500 by [...]
Today: City hold its breath as Rishi Sunak is expected to confirm windfall tax on soaring energy profits May 26, 2022 Energy giants across the UK and investors in the City are awaiting what will come out of Westminster today as Chancellor Rishi Sunak is expected to cave in to pressure to impose a windfall tax on the soaring profits of oil and gas firms. Treasury sources did not deny reports he would use his announcement [...]
Ex-Brexit chief David Davis boasts he forced previous PM out: “I knew my resignation would be the end for May” May 26, 2022 Former Brexit secretary David David claimed when he resigned from the cabinet in July 2018, “I knew that it would be the end” for Theresa May as PM. The veteran politician and Brexiteer hit out at the former leader, while also taking a swipe at the current resident of Number 10, reiterating his call for [...]
‘Just in case’ logistics mindset boosts LondonMetric as portfolio value grows by £1bn May 26, 2022 LondonMetric’s property portfolio value has grown by £1bn over the past year, as the UK’s hot property market boosts the firm. The FTSE 250 real estate investment trust’s profit has also rocketed in the year to 31 March, increasing an eyewatering £477.2m, in comparison with the same period last year, to a total of £734.5m. [...]
Letters: A call for post-Brexit regulation May 26, 2022 [Re: Brexit boost: UK trademark disputes double following Britain’s exit from the European Union, May 23] City A.M.’s article on the rise in UK trade mark disputes following Brexit was a welcome insight into the issues that innovators in the UK face and the hoops they need to jump through to protect and enforce their [...]
MPs are falling silent over potential of cryptocurrency May 26, 2022 The UK government’s ambitions to become a global hub for the cryptocurrency industry aren’t shared by MPs, research has found.