Deutsche Bank ‘confirms move to adopt hybrid working’ as work-from-home era fades June 1, 2021 Deutsche Bank the latest to adopt hybrid working as work-from-home era fades
MPs urge government to donate half of incoming vaccines to Covax scheme June 1, 2021 MPs and peers have urged the UK to adopt a Covid-19 “vaccine matching” scheme in a letter today, which would see half of the doses the arrive in the UK be donated to the Covax scheme. The letter, coordinated by the All-Party Parliamentary Group (APPG), said that prime minister Boris Johnson has a “moral duty” [...]
Foreign Secretary Dominic Raab to intervene in case over £1.4bn of gold deposited in the Bank of England June 1, 2021 In a case that is set to determine the fate of almost £1.4bn of Venezuelan gold deposited in the Bank of England, UK’s Foreign Secretary Dominic Raab has been granted permission to intervene at the Supreme Court during a hearing scheduled for next month. The case at the highest court in the land is between the [...]
Heinz sauce making a comeback to the UK with £140m investment June 1, 2021 Kraft Heinz, the food giant behind Heinz and Philadelphia, has tabled plans for a £140m investment in Wigan’s Kitt Green, Europe’s largest food manufacturing facility today. The investment would aim to bring Heinz sauce making back to the UK to bolster its European capacity. In one of the largest post-Brexit investments in the UK, it [...]
UK could rake in £14.7bn annually from Biden’s tax plan, think tank says June 1, 2021 The UK could rake in an extra £14.7bn every year by adopting US president Joe Biden’s ambitious tax proposal, according to the Institute for Public Policy Research today. Biden’s proposal for a new global minimum corporation tax rate of 21 per cent could bolster the UK’s recovery finances post-pandemic and Brexit, the Institute for Public [...]
UK missed out on £110bn of services exports after Brexit referendum, say wonks June 1, 2021 The UK has lost out on more than £110bn of services exports as a result of the 2016 Brexit referendum, according to a new study from Birmingham’s Aston University. Academics said services exports were £113bn lower between 2016 and 2019 than they would have been if the UK had not voted to leave the EU. [...]
Europe shrugs off third wave fears with Germany’s bullish job market June 1, 2021 As Europe gears up towards recovery, German unemployment dropped more than expected in May as companies bolstered their workforces ahead of pent-up demand, data showed today. Falling Covid-19 infections and the easing of lockdown restrictions have revealed surprisingly sturdy job market data – with pent-up demand fuelling a consumer-driven recovery this summer. The number of [...]
Czech police call for own Prime Minister’s indictment in EU subsidy fraud case May 31, 2021 Czech police have recommended that Prime Minister Andrej Babis should be indicted over alleged fraud involving European Union subsidies. Prague’s prosecution office said it has received the results of the updated police investigation into Babis’s possible involvement in the fraud. Prosecutors now have to decide whether to file charges against Babis or dismiss them. Police [...]
UK economy set to grow 7.2 per cent this year, OECD forecasts May 31, 2021 The UK’s economy is set to grow at its fastest rate since the second world war this year and in 2022, the Organisation for Economic Co-operation and Development (OECD) has forecast. After the Covid-19 ravaged economies, the UK suffered a 9.8 per cent contraction in 2020 – its worst in nearly 300 years. The organisation [...]
Boris Johnson urges Canada to buy more British cheese in new agreement May 31, 2021 Boris Johnson has called on Canada to strike a new commerce deal to import more British cheese in a bid to boost the UK’s dairy industry. The Prime Minister said yesterday that Justin Trudeau’s government has been unwilling to open the country up to more British dairy imports in a bid to protect its own [...]