John McDonnell threatens to delist firms that fail to tackle climate issues November 19, 2019 John McDonnell has revealed Labour’s plans for “rewriting the rules” of business, which include delisting firms who fail to take “adequate steps” to deal with the climate emergency. The shadow chancellor this morning set out details of the party’s vision for corporate governance, accountability and regulation, bemoaning the status quo in which employees are treated [...]
Politicians need to take the brakes off e-scooters for a greener commute to work November 19, 2019 If you are stuck in traffic, watching another diesel taxi go past, you won’t be alone in wishing for cleaner ways to travel around London. New research shows that nearly 70 per cent of people don’t think politicians are doing enough to encourage alternative, environmentally friendly transport options. So, what are these alternatives? Right now, [...]
Party leaders bid to charm top bosses at CBI bash November 19, 2019 The election campaign intruded on the CBI’s annual conference yesterday, making the event even more political and even less about business than it otherwise would have been. That said, the topics slotted into the agenda around the political speeches focused mostly on climate change, inequality, profit with purpose (Justin Welby was on stage for that) [...]
Aviva shares fall as it denies reports it is selling its Singapore and China businesses November 18, 2019 Shares in insurer Aviva fell 4.5 per cent today after it said it was not planning on selling its business in Singapore or exiting its joint venture in China. Aviva made the announcement in response to reports it was mulling a disposal of the two businesses. Read more: Aviva CFO to leave in latest leadership [...]
Boris Johnson postpones corporation tax cut November 18, 2019 The Conservatives have shelved plans to cut corporation tax from 19 per cent to 17 per cent. Boris Johnson made the announcement at the CBI conference in London this morning. Read more: Sajid Javid will remain chancellor if Conservatives win the election He said the change had been made to free up funding for the [...]
Boris Johnson to woo businesses with extensive tax breaks November 18, 2019 Prime Minister Boris Johnson will today offer British companies a series of tax cuts and breaks as he seeks to mend his relationship with the country’s firms. Read more: Boris Johnson’s Conservative party opens up 17-point poll lead In a speech to the annual CBI conference in London Johnson will pledge to cut the taxes [...]
To tackle the challenges of our age, UK and EU finance firms must work together November 18, 2019 The economy is a hot topic this election campaign, but one issue which is attracting little attention so far is the value and significance of financial and professional services. According to new data from the Office for National Statistics, the UK exported £82bn of financial services last year, up £4bn on 2017. This gives us [...]
CBI: Labour pledges could “crack the foundations of the economy” November 18, 2019 The head of Britain’s biggest business group warned yesterday that Jeremy Corbyn’s policies could “crack the foundations of the economy” at the start of a week which holds the potential to define the upcoming General Election. Carolyn Fairbairn, head of the CBI, told Sky News that business leaders are asking “who’s next” after the “bolt [...]
TSB’s IT boss ‘kept board in dark’ ahead of tech meltdown November 17, 2019 TSB Bank’s head of IT reportedly failed to warn board members about “shortcomings” with the testing of a new technology system days before it suffered a huge meltdown. TSB is facing a lengthy investigation by City law firm Slaughter and May into the botched rollout of a new IT system that caused nearly 2m customers [...]
Business leaders join forces to push competitiveness agenda for UK November 15, 2019 Business leaders from companies such as John Lewis, Lloyds Banking Group, Deloitte and BAE Systems will meet today to promote the importance of business competitiveness. A business group pushing the competitiveness agenda called Be the Business will today launch Business Leadership for a Better Decade campaign to try and demonstrate the importance of competitiveness to [...]