Biden dashes hopes of quick post-Brexit trade deal with UK during Johnson visit September 22, 2021 US President Joe Biden last night downplayed prospects of brokering a post-Brexit trade deal with Boris Johnson, as ministers resorted to considering downgrading their efforts to join an existing pact. Meeting the Prime Minister in the White House, the US President issued a fresh warning for the UK not to damage the peace process in [...]
Boris Johnson’s endurance on immigration will be put to the test by labour shortages September 22, 2021 I always loved interviewing Stuart Rose. He was great company and if you stayed quiet long enough after asking a question, he’d give you a quote that made his press officers wince. Unfortunately for the former M&S chief, his honesty caused his downfall in Westminster when – as a Remain supporter during the Referendum campaign [...]
Aviation bosses warn UK sector is falling behind European competitors due to hotel quarantine rules September 21, 2021 Aviation bosses have today warned that the UK’s airlines and airports are falling behind European competitors due to stricter government travel rules. Heathrow Airport chief executive John Holland-Kaye told MPs that “the UK aviation sector will go from one of the strongest in the world to one of the weakest in the world” post-Covid due [...]
Exclusive: Saatchi clients demand more ‘European’ presence after Brexit, says CEO September 21, 2021 British advertising giant M&C Saatchi has seen a demand for a greater European presence than Brits in some briefs, the company’s global CEO, Moray MacLennan, told City A.M. this morning. MacLennan, who was appointed global CEO in 2009, said he discovered in a conversation with one Saatchi’s European agencies, that “when it was a pan-European [...]
Financial services were forgotten by Brexit and London deserves better September 21, 2021 I have always been optimistic about London’s ability to bounce back from the terrible economic impact of the coronavirus pandemic. The good news is my optimism was well founded – as we’re already seeing many positive signs. Our “Let’s Do London” campaign is working, enticing Londoners and visitors back to experience all that central London [...]
Post-pandemic surge in job vacancies benefitting low skilled male workers September 21, 2021 Workers in low paying occupations are in high demand post-pandemic with vacancies up by a fifth according to a new study. While recent ONS data showed that worker vacancies surged to a record 1m in August the IFS has revealed that demand is patchy across the jobs market. Vacancies in the lowest-paying third of occupations [...]
Dutch PM Mark Rutte tried to mediate Northern Ireland Protocol talks, Johnson says September 20, 2021 Boris Johnson has claimed that Dutch leader Mark Rutte offered to mediate contentious UK-EU talks on the Northern Ireland Protocol. Johnson told journalists today that Rutte made the offer during the pair’s Downing Street meeting on Friday. However, Dutch diplomats have disputed the claim and have told the Financial Times that no such offer was [...]
City minister pledges ‘competitive tax rates’ for UK financial services sector ahead of Budget September 20, 2021 John Glen has promised that the UK’s financial services sector will benefit from “competitive tax rates,” ahead of the next Budget on 27 October, according to reports. “To be competitive, we have to have competitive tax rates and that’s what’s on the chancellor’s mind at the moment,” the City minister told the Financial Times, which first reported the [...]
Prospective dealmakers put off by tightening UK regulation September 20, 2021 A survey of dealmakers revealed widespread concern about upcoming changes to the UK’s regulatory environment which threaten to halt a flurry of activity seen during the pandemic. Cheap valuations of London listed companies post-Brexit have turned the UK into a prime location for dealmaking with approximately £166bn of merger and acquisition deals completed so far [...]
UK tech: Record raise of £13.5bn pushes number of British unicorns to 105 September 20, 2021 The UK tech sector raised £13.5bn in the first six months of this year, almost three times more than the same period a year ago, according to new data. As a result, the number of British unicorns has jumped to 105. Companies including fintech giant Revolut, online video conference business Hopin and online car sales [...]