Britain can win the race for hydrogen supremacy if it faces down competition from Japan June 17, 2021 Japan has made an unprecedented commitment to hydrogen power as an alternative energy source, investing US$19.2 billion in the technology in new funding alone. As first out of the starting blocks, Japan has staked its claim as the world leader in the industry. We are at a critical juncture, however, and there is a golden [...]
Meat industry cuts production amid Brexit-driven staff shortages June 17, 2021 Labour shortages caused by post-Brexit immigration rules mean the UK meat industry has had to cut production, warning that without change it could soon be unable to fulfil orders. Production in the meat industry had fallen by around 10 per cent since Easter because of worker shortages across farming and processing, the British Poultry Council [...]
Indeed: Global interest in UK jobs post-Brexit lifts to pre-pandemic levels June 17, 2021 Searches from across the world for UK-based jobs have returned to pre-pandemic levels, according to jobs site Indeed, as international workers eye easing travel restrictions. The UK’s new points-based immigration system has seemingly drawn in interest for its higher-paid jobs post-Brexit after Indeed’s new job rates slumped in the height of pandemic uncertainty. As the government [...]
Belfast boost: PwC to create 800 new jobs in Northern Ireland’s capital June 16, 2021 Professional services giant PwC plans to create close to 800 new jobs in Belfast. The 771 posts are part of a £40m investment in the company’s new Advanced Research and Engineering Centre, which will open in the city next month. The jobs will be created over the next five years. The new centre is part [...]
Big in Japan: More British chicken will head to the ‘land of the rising sun’ June 16, 2021 The UK has bagged a £65m market access deal with Japan which will see more British chicken served on Japanese tables over the next five years. The agreement, which is estimated to be worth up to £13m per year, will see UK farmers ship poultry to the world’s third-largest economy. International trade minister Ranil Jayawardena [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 16, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. CBRE board bags ex-BlackRock real estate lead A former head of global real estate at investment heavyweight BlackRock is set to join real estate services firm CBRE in June. Marcus Sperber [...]
David Frost: UK-EU Northern Ireland negotiations making little progress June 16, 2021 Talks between the UK and EU over post-Brexit conditions in Northern Ireland are still making “little progress” as tensions remain high, according to UK-EU minister Lord David Frost. Frost said that “we would prefer to find negotiated ways forward”, but that “all options remain on the table”. Last week’s G7 summit in Cornwall was often [...]
Government tells UK farmers to ‘stop being defensive’ and embrace Australia trade deal June 16, 2021 The UK-Australia trade agreement, announced yesterday, will serve as a “stepping stone” to a wider trans-Pacific pact, the International Trade Secretary said as she rejected farmers’ concerns about the deal. Liz Truss insisted there will be opportunities for British farmers to sell produce into Australia and “we’ve got to stop being defensive”. She said the [...]
UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
Brexit: ‘Undocumented’ EU citizens may face deportation as settlement deadline nears June 16, 2021 EU citizens may face removal from UK as Settlement Scheme deadline approaches