Boris Johnson: Don’t bank on Brexit breakthrough in New York September 23, 2019 Prime Minister Boris Johnson played down hopes of a breakthrough in Brexit negotiations as he jetted off to New York this morning. Johnson, who is set to speak to the German and Irish leaders when in the US, cautioned reporters that the trip may not be “the moment.” Read more: Sadiq Khan fires warning shot [...]
The UK’s lead in the forex market is the envy of the world September 23, 2019 The UK’s foreign exchange market is the backbone of international trade and investing. It is vital to support exports and imports, which in turn give Britain access to resources. Without the ability to trade in different currencies, the UK’s prospects would be limited, and economic growth would suffer. A recent survey by the Bank for [...]
Britain’s Goldilocks moment has arrived in the nick of time September 23, 2019 Not too hot, and not too cold. It’s time for the three bears to move over and take the porridge with them, because the temperature of the UK economy points to a Goldilocks moment arriving just in the nick of time. A low-inflation fairy tale has come to the aid of a nation grappling with [...]
UK fintechs attracting rising investment despite Brexit uncertainty September 23, 2019 UK fintechs are raising increased levels of investment despite domestic and global uncertainty, but the sector is still struggling with recruitment of talent and a significant gender imbalance, new research has found. The total average investment raised so far this year by fintech firms grew a third compared to the same period two years ago, [...]
UK Finance chair Bob Wigley named in employment claim alleging fraud at company he chaired September 23, 2019 UK Finance chair Bob Wigley has been named in an employment tribunal claim alleging fraud at a company he chaired. The claim, seen by City A.M., relates to Northern Ireland tech firm Secure Broadcast. Its former chief operating officer Richard Johnston is claiming constructive dismissal from the company after uncovering an alleged fraud. According to [...]
Roll up, roll up for the Labour circus of chaos September 22, 2019 Boris Johnson’s top adviser Dominic Cummings, had planned to disregard the Westminster convention that sees political parties maintaining a respectful silence during each other’s party conferences. There’s always a bit of a noise, but generally it’s considered fair play to let each party have the field to themselves for a couple of days a year, [...]
Rose through the ranks: RBS picks lifer for top role September 22, 2019 It was was the worst kept secret in the Square Mile: on Friday morning Alison Rose was finally appointed as the new chief executive of the Royal Bank of Scotland, but the only surprise was that the announcement did not come any sooner. RBS has insisted that it underwent a thorough job process which involved [...]
Sadiq Khan fires warning shot at Corbyn over Brexit ‘neutrality’ September 22, 2019 Sadiq Khan has waded into Labour’s war over Brexit, warning that neutrality is “not an option”. The London mayor said the party had arrived and a “vital crossroads”. Read more: Jeremy Corbyn dismisses speculation he is ready to stand down as ‘wishful thinking’ “At conference this week, we have the opportunity to come together to [...]
Helena Morrissey among candidates in running for Bank of England governor job September 22, 2019 Prominent City veteran Dame Helena Morrissey is in the race for the top job as Bank of England governor. The high-flying financier could become Threadneedle Street’s first female boss after making it into a shortlist of candidates being considered to replace Mark Carney next year. Read more: Big banks shift just 1,000 jobs since Brexit [...]
Dominic Raab hints parliament could be suspended for a second time September 22, 2019 Foreign secretary Dominic Raab has refused to rule out proroguing parliament for a second time. The Supreme Court, the UK’s highest court, is due to hand down its ruling on two cases lodged against Boris Johnson’s decision to suspend parliament. Read more: Brexit negotiations are moving forward with momentum, says Stephen Barclay One is an [...]