The City highlights its importance ahead of key Brexit talks January 21, 2020 The City has outlined its importance to international finance ahead of crunch EU talks with a report that shows it continues to outperform other financial sectors in helping firms tackle risk. It comes as a debate rages over how close the UK should stay to the EU after Brexit. Chancellor Sajid Javid at the weekend [...]
Jess Phillips quits Labour leadership race January 21, 2020 Labour MP Jess Phillips has dropped out of the race to replace Jeremy Corbyn as party leader, saying his successor must “unite” the party. The forthright MP had secured enough nominations to take her into the second stage of the contest, but was thought unlikely to win sufficient backing from unions or local party constituencies [...]
‘Clerical error’ wipes out Dixons Carphone’s sales growth January 21, 2020 Dixons Carphone was left red-faced today as it admitted that its sales growth figure actually represented a decline. The retailer updated the stock market on its Christmas trading figures this morning, telling investors it had enjoyed a two per cent rise in reported sales. However, six hours on Dixons Carphone reversed the number into a [...]
Sajid Javid denies ‘no alignment’ with EU plan will hit manufacturers January 21, 2020 Sajid Javid has denied the government’s policy of “no alignment” with European Union rules will damage the manufacturing industry. The chancellor was asked whether comments made over the weekend that some firms would not benefit from Brexit meant he was prepared to sacrifice some UK manufacturers. He said: “No, not at all. We look forward [...]
New immigration system to start next January, PM tells Cabinet January 21, 2020 The government’s new points-based immigration system will come into force from January next year as part of Boris Johnson’s commitment to voters, Cabinet ministers were told today. The Prime Minister this morning told his senior colleagues that he was pressing ahead with plans for a shake-up of the system, which will reduce the overall number [...]
Trump Davos 2020 speech: US could do ‘tremendous’ trade deal with UK January 21, 2020 President Donald Trump used his Davos 2020 speech today to say he is looking forward to negotiating a “tremendous new deal” with the UK after Brexit. Speaking at the World Economic Forum (WEF) at Davos, President Trump said the UK has a “wonderful new Prime Minister who wants very much to make a deal”. Read [...]
Facebook creates 1,000 new jobs in London as it targets growth January 21, 2020 Facebook will create 1,000 new jobs in London by the end of the year. Over half of the new jobs will be in technology, including software engineering and data science, as well as development of its Workplace and Whatsapp platforms. Other roles will be in the “community integrity” team, which aims to detect and remove [...]
Jeremy Corbyn has busted the myth of Labour’s moral superiority January 21, 2020 Let’s play a game. Imagine that a Tory-supporting business leader had delivered her company’s worst financial results for more than three decades. Let’s further imagine that the company had then, because of significant overspending, had raised the prospect of firing dozens of ordinary workers — while rewarding said senior executive with a bumper new contract [...]
DEBATE: Should the government move the House of Lords to York? January 21, 2020 Should the government move the House of Lords to York? Alastair Benn, news editor of Reaction, says YES. The British state is now more centralised than it has been for many decades. In large part, we owe that to Margaret Thatcher, who tended to treat the UK’s constituent parts as regions, rather than as distinct [...]
Chief executives say UK is top investment target January 21, 2020 The UK has bounced back as a destination for future growth among global chief executives, according to a major survey published yesterday. The UK remained the fourth most important territory for growth for chief executives, joint with India and Australia, and behind the USA, China and Germany. Chief executives in Europe’s largest economies rated the [...]