City workers to get multi-year visas as part of inked UK-New Zealand trade deal February 28, 2022 City workers will now be eligible to access multi-year New Zealand visas, after the UK inked a post-Brexit trade deal with Jacinda Ardern’s government today. Department of International Trade estimates say the deal will add 0.03 per cent to UK GDP every year from 2035, with growth in UK services set to make up the [...]
Second chances: Ex-offenders could help solve recruitment crisis February 28, 2022 “I always wanted to be a drug dealer. Getting a job would have been strange to me,” Liam Meredith, an ex-offender who now runs his own catering business, says. Many young men like Meredith struggle to break a cycle of offending even after they leave prison, due to tumultuous home lives. For men like Meredith, [...]
Bitcoin holding steady in the face of Putin’s escalating threats February 28, 2022 The price of Bitcoin, the largest cryptocurrency by market cap, climbed past $39k yesterday and even looked set to surpass $40k, before dropping back to $38,500 last night.
Sport is guilty of shutting its eyes to Russia’s geopolitical ambitions February 27, 2022 Roman Abramovich’s near 20-year ownership of Premier League club Chelsea has been shrouded in mystery and therefore subject to constant scrutiny and speculation. Indeed, until the weekend, it remained unclear why he is there and what he is seeking to achieve. The oligarch has denied having direct links with Vladimir Putin but has been seen [...]
A million Brits living in the EU to be stripped of pre-Brexit rights February 26, 2022 British nationals living in the EU are to be stripped of the benefits of EU citizenship now the UK has left the bloc, the European Court of Justice has been advised.
UK life insurers to have ‘tens of billions’ freed up by scrapping EU’s Solvency II regulation February 25, 2022 UK life insurers will be freed up to invest “tens of billions” of pounds more after the decision to scrap the EU’s Solvency II regulation post-Brexit, City minister John Glen has said. Glen, writing in City A.M., today said changes to the much-maligned EU regulation will unleash investment into “growth-supporting infrastructure like wind farms and [...]
John Glen: How I’m going to reform EU’s Solvency II post-Brexit February 25, 2022 This government has been clear about its vision for turning the UK into the most open and dynamic financial services sector on the planet. We understand the crucial contribution the sector already makes to this country and are determined, post-Brexit, that it fulfil its huge potential. A big part of that will be about unleashing [...]
Worst January since 2009 for UK automotive production February 25, 2022 Last month was the worst January since 2009 for the UK automotive production, figures from the Society of Motor Manufacturers and Traders (SMMT) showed. Car production fell 20.1 per cent to 68,790 units – 17,262 vehicles down compared with the same time last year. Domestic and overseas production slumped to 30.8 and 17.5 per cent, [...]
Profit margins hit hard as pricing strategies struggle to keep pace with supply chain issues, Covid and Brexit February 24, 2022 A vast majority of UK businesses are struggling to manage market fluctuations caused by supply issues, Covid-19 and Brexit and UK organisations lose out on £451,000 every year on lost productivity, thereby hitting profit margins, according to new data shared with City A.M. this afternoon. A recent study conducted by Forrester Consulting on behalf of intelligent pricing [...]
Johnson wanted to build a bridge to Ireland but can’t build enough homes February 24, 2022 Of all the mistakes made during the Referendum campaign by Team Remain, former Chancellor George Osborne was guilty of a whopper in May 2016. A month before people cast their vote, the Tory numbers man warned that Brexit could knock 18 per cent off house prices. At least one younger commuter on the train home [...]