British Bankers’ Association warns banking jobs are shifting from London to regional cities October 21, 2015 Banking jobs are shifting from London to smaller, regional cities, according to a new report from the British Bankers’ Association (BBA). According to the banking industry group, while the industry has shrunk in the capital in the past two years, banking jobs are booming in such places as Tunbridge Wells, South Gloucestershire, Chelmsford and North [...]
The pros and cons of younger managers: Millennials are inspiring and dynamic but lack experience October 21, 2015 Disloyal, inexperienced, lacking in expertise – the reasons for not promoting younger managers are various. But a survey published earlier this month by leadership development consultancy Zenger/Folkman suggests that leaders aged 30 or below are actually more effective than those aged 40 or above. When ranked for overall leadership effectiveness, 44 per cent of the [...]
Young Workers Index: German-style training could boost UK GDP October 20, 2015 If the UK could bring down the number of young people not in work or education to German levels, the economy would be boosted by around £55bn, according to PwC’s Young Workers Index. The index measures the labour market impact of workers aged between 20 and 24 across Organisation for Economic Co-operation and Development (OECD) [...]
London property prices: Business bears the cost of the government’s housing failures October 20, 2015 London's housing crisis is a human tragedy. The London Poverty Profile, released today, shows that housing costs are the major driver of a big increase in the number of Londoners who are in work but still living in poverty. But the housing crisis is also an economic tragedy. It is damaging the competitiveness of businesses, [...]
Internet of Things: With great power comes great responsibility – we have to prepare our youngsters to fight cybercrime October 20, 2015 Among the myriad manifestations of modernity, nothing evokes a sense of sci-fi quite like the Internet of Things (IoT). In case any minds need refreshing, this is the phrase coined to describe everyday objects that can connect with the Internet, collecting and exchanging data without the need for human-to-human or human-to-computer interaction. The stuff that [...]
Portuguese Golf Masters: Andy Sullivan’s hat-trick of titles has catapulted Englishman into world elite October 19, 2015 Not many players have won three European Tour events in a season, but that’s exactly what Andy Sullivan has achieved after the Englishman triumphed at the Portugal Masters on Sunday. Sullivan, who was yet to win his maiden professional title this time last year, looked totally in control as he demolished the field to prevail [...]
Ofsted chief Sir Michael Wilshaw reminds government that apprenticeships need to be worth the effort October 19, 2015 Politicians love apprenticeships. The current government is committed to delivering three million of them in the next five years and ministers’ speeches on the topic tend to have a ring of Stalin’s tractor production statistics. It’s easy to see why politicians are attracted to the lever marked ‘apprenticeships’. With hundreds of thousands of school leavers [...]
Forget sex: Nostalgia gives you return on investment October 18, 2015 Arresting though they may be, sex and violence do not sell products. When confronted with graphic material, participants in a study by Ohio State University were likely to become so distracted that it impaired their “memory, attitudes and buying intentions for advertised products,” according to professor Brad Bushman. Nostalgia, on the other hand, fares more [...]
The ultimate connection: Hyperoptic’s Dana Tobak on recalcitrant councils and politics in taxis October 18, 2015 The thing some have been slow to come to terms with is that BT is not the only solution," says Dana Tobak, when I ask her what the UK is doing wrong when it comes to internet provision. Tobak co-founded fibre-based internet service provider Hyperoptic in 2011. She and business partner Boris Ivanovic, who she [...]
Why Shoreditch is still so attractive for young firms – Investec Comment October 18, 2015 For a young business finding its feet, office space is a classic challenge. Alongside being a sizeable overhead, the question of how much space you take and how long you take it for is not easily resolved. Landlords will typically want to sign you up for as long as possible. But while your company is [...]