Today: ‘Urgent’ EU meeting on fisheries may signal breakthrough in Brexit talks November 27, 2020 Brussels’ chief negotiator Michel Barnier has summoned fisheries ministers from EU nations, indicating that a major breakthrough in Brexit talks could be about to happen. The “urgent” meeting is reportedly taking place today. Find all our Brexit coverage in one place – simply click here Future fisheries arrangements between the UK and EU have been [...]
There’s a new type of leader in town: Agile, decisive, and interested in more than their own voice November 27, 2020 The turbulence of 2020 has provided a new lens through which to look at our leaders, prompting a rethink of what leadership should look like in the Covid era and beyond. Over the past nine months, leaders have had to navigate the coronavirus pandemic, sweeping technological changes, worldwide Black Lives Matter protests, and of course [...]
Brexit: UK business groups ‘crying out for certainty’ as talks drag on November 26, 2020 Some of Britain’s largest business groups have made a fresh plea for post-Brexit certainty from the government as the country is just 35 days away from leaving the EU completely. The Confederation of British Industry (CBI), British Chambers of Commerce and the Federation of Small Businesses told City A.M. that their members desperately need to [...]
Exclusive: Siemens UK chief says pandemic brought ‘helpful’ distraction from Brexit November 26, 2020 Since becoming CEO of Siemens and Smart Infrastructure, the UK arm of German tech powerhouse Siemens, in December of last year, most of Carl Ennis’ job has been dominated by Covid-19. Despite the many difficulties, the pandemic also brought some good, such as a distraction from Brexit, Ennis tells City A.M. in an exclusive interview. Brexit The fact that the virus [...]
Eurostar: Protect ‘key to our future connectivity’, says Labour peer November 26, 2020 Labour life peer Lord Berkeley has joined calls for the government to provide emergency funding for the Eurostar after a crippling collapse in passenger numbers due to the coronavirus pandemic. Writing in City A.M., Lord Berkeley, a well-known figure in the transport industry, said that the cross-Channel rail link was “the key to our future [...]
Covid crisis could slash wages by ‘£1,200 a year’ by 2025 November 26, 2020 The coronavirus pandemic will prolong Britain’s 15-year squeeze on household incomes and cut pay by £1,200 a year by 2025, according to a major think tank. In a stark report released today, the Resolution Foundation warned that despite politicians proclaiming an end to austerity, “its legacy will continue for many public services” throughout the course [...]
Rishi Sunak admits current UK borrowing is “not sustainable” November 26, 2020 Rishi Sunak has conceded that the current projections for UK borrowing are “obviously not sustainable”, after the chancellor yesterday unveiled huge economic interventions as part of his winter Spending Review. Sunak yesterday lifted total government spending on the Covid response to £280bn, as he vouched his commitment to “jobs, businesses and public services”. The chancellor [...]
German consumer confidence slumps amid second wave of coronavirus November 26, 2020 German consumer confidence halved in November, as the economy felt the weight of a second nationwide lockdown. Chancellor Angela Merkel last night announced that “lockdown-lite” measures will extend until 20 December, after the country yesterday recorded its highest daily death rate, which rose by 410 in 24 hours. GfK, Germany’s largest market research institute, found [...]
Before the bell: Calm day expected as US celebrates Thanksgiving November 26, 2020 Equity markets were relatively quiet yesterday as some dealers banked their profits from the ground that was gained earlier in the week. “The mood in the markets was assisted by the growing feeling that there will be a smooth had over of power from President Trump to President-elect, Joe Biden,” David Madden, market analyst at [...]
Car production falls again as nightmare year stretches on November 26, 2020 Car production fell once again in October as the sector’s nightmare year showed no sign of ending. Just 110,179 cars were built last month, down almost a fifth on the same month last year, according to new figures from the Society of Motor Manufacturers and Traders. For the year as a whole, production has dropped [...]