Boris must remember his success as a pro-business London mayor June 24, 2019 As the final two leadership candidates embark on a tour of the country to sell their vision for Britain to Conservative party members, the business leaders I speak to are clear on what they need: the next Prime Minister must be able to facilitate a successful future for our economy, society and communities, while bringing [...]
UK employers warn of mass job losses in digital revolution June 24, 2019 New technology and automation mean as many as 40 per cent of jobs are expected to change significantly or become redundant in the next five years, the Open University (OU) has said. Read more: Former City minister calls for action on skills shortages Nearly 90 per cent of organisations admit their staff lack digital skills, [...]
UK car industry sees worst month for six years in May, Natwest says June 24, 2019 The UK’s car industry suffered its worst month for business conditions in six-and-a-half years in May, according to a new survey by Natwest, as Brexit and a global slowdown continued to hurt the sector. Read more: Pound falls as UK economy shrinks 0.4 per cent in April British car makers last month saw the steepest [...]
No-deal Brexit could dent UK’s technology-driven growth, says KPMG June 24, 2019 If Britain leaves the European Union with a deal then new technologies will help UK trade more than triple to over £4 trillion by 2050, professional services firm KPMG said today. Read more: Mark Carney warns 150,000 firms not ready for no-deal Brexit Yet should the UK crash out with no deal, the total of [...]
MPs warn against UK neglecting ties with India in favour of China June 24, 2019 The UK is failing to build an economic and security relationship with India as it grows in wealth and influence, the Foreign Affairs Committee (FAC) has today warned. Read more: New UK-India tech hub to be opened in confidence boost for the City In a new report the FAC cautioned that Britain’s focus on building [...]
Attracting talent from India is crucial for UK success June 24, 2019 Three years ago today, as the country absorbed the result of the EU referendum, few people were talking about the intricacies of trade policy, the complexity of bilateral negotiations or the General Agreement on Tariffs and Trade. Three years on, and while the country appears no closer to a negotiated exit than it was 1,000 [...]
Tusk accuses UK of ‘wasting time’ amid Tory leadership race June 21, 2019 EU chief Donald Tusk has slammed the UK for “wasting” the extension to the Brexit deadline as the Conservative Party gears up for the final stage of the leadership race. Read more: EU ‘dreams’ of UK U-turn on Brexit decision, says Donald Tusk The European Council president said he was not happy with the situation [...]
Tory leadership race: Boris Johnson takes on Jeremy Hunt June 21, 2019 Jeremy Hunt and Boris Johnson are poised to battle for the right to become the next Prime Minister in the final stage of the Tory leadership race. Read more: Jeremy Hunt says he would delay Brexit past October Hunt beat fellow cabinet member and rival Michael Gove to win the right to challenge Johnson in [...]
UK budget deficit grows as Hammond approaches exit June 21, 2019 Britain’s deficit widened more than expected last month as government spending rose. Public borrowing rose by £1bn to £5.1bn last month compared to May 2018, which remains the lowest May month of borrowing since 2002. Read more: City MP faces calls to resign after grabbing protester by neck Meanwhile the deficit has reached £11.9bn for [...]
Mark Carney: 150,000 firms not ready for no-deal Brexit June 21, 2019 Roughly 150,000 UK businesses are not ready to keep exporting to the EU in the event of a no-deal Brexit, Mark Carney has said. The Bank of England governor said the companies still did not have the necessary paperwork and while many had built up contingency stocks, these would only last “weeks”. Read more: BoE’s [...]