Klarna rival Laybuy turns its attention to the UK’s buy now pay later market May 27, 2021 The buy now pay later market has exploded in recent years and now a New Zealand company is trying to make its mark in the UK. Laybuy was set up by Gary Rohloff, his wife and his two sons in 2018 and launched in the UK in early 2019. The likes of Klarna and Clearpay [...]
BoE likely to hike interest rates next year, policymaker Vlieghe says May 27, 2021 The Bank of England is likely to hike interest rates “well into” next year although it could come earlier if the economy rebounds quickly, a policymaker has said. Gertjan Vlieghe, who is set to leave the Monetary Policy Committee in August, is one of the few BoE officials to speak publicly about interest rate rises. [...]
City of London saw most commuters since beginning of pandemic last week May 27, 2021 The most people travelled into the City of London last week than at any point since the pandemic began last March as life in the capital continues to edge back to normality. According to the latest figures from Transport for London, there were 258,461 trips made in-and-out of stations in the Square Mile and Canary [...]
UK says any global tax deal must tackle Big Tech ahead of G7 meeting May 27, 2021 UK says any global tax deal must tackle Big Tech ahead of G7 meeting
UK EdTech company Scanning Pens Ltd. has been recognised for their outstanding successes in the field of international trade May 27, 2021 Created in 2003 by Oxford Brookes graduates Jack S. Churchill (CEO) and Toby Sutton (COO), Scanning Pens is a dedicated EdTech company supplying text-to-speech devices to people with dyslexia, as well as raising awareness of dyslexia worldwide and supporting people whose daily lives are impacted by literacy differences. Jack himself has dyslexia, and has worked [...]
UK eyes post-Brexit trade deals with Gulf states May 27, 2021 The UK is setting its sights on a trade deal with oil-rich Gulf states as ministers close in on an investment deal with Abu Dhabi. The Government is targeting deals with the six members of the Gulf Cooperation Council, including Saudi Arabia, the international development secretary said. Trade with GCC members was worth £45bn in [...]
As accounting firms prep for busy period, non-Big Four players spot new opportunities May 26, 2021 The majority of 2020 was a slow year for the UK’s deals market, with mergers and acquisitions depressed by the Coronavirus pandemic and its subsequent lockdown restrictions. This trend, however, now seems to be in reverse with a number a big deal in the private sector, including Virgin Media and O2’s £31bn mega merger, and [...]
Nissan ‘in talks’ to build Sunderland battery gigafactory May 26, 2021 Nissan is reportedly in talks with UK ministers over plans to build a new battery gigafactory at its existing site in Sunderland. The new facility, the FT reported, would be run by the Japanese car giant’s subsidiary Envision AESC, and would produce enough batteries for 200,000 electric cars each year. Nissan said it had “no [...]
Home Office loses immigration data case against 3.6m EU citizens in UK May 26, 2021 Campaigners have won a Court of Appeal challenge over an “unlawful” exemption to data protection rules in immigration cases. The Open Rights Group and the3million said the “immigration exemption” introduced in the Data Protection Act (DPA), which came into force in May 2018, denies people access to their personal records in immigration cases. The exemption [...]
Europe’s place in the global AI race May 26, 2021 History is a good predictor of the future. In the Eighteenth Century the industrial revolution led to technological, socio-economic and cultural changes that eventually transformed not just our quality of life, but also our expectations from life. The early adopters of technological change have compounded their progress ever since, and the earliest industrialized nations continue [...]