2016: A post-mortem of the year the UK’s “economic experts” failed December 20, 2016 The end of a calendar year and the start of a new one provides a chance for reflection. For the UK’s economic establishment, particularly forecasters, introspection is more appropriate. Complete with their New Keynesian models, most have been proven utterly wrong so far that voting for Brexit would lead to a short-term downturn. As the most [...]
Radio Times publisher Immediate Media is set to be sold to a German media group for £260m December 19, 2016 One of Britain's most recognisable brands, Radio Times, will be sold to a German media giant. The television listings magazine's publisher Immediate Media will be sold this week to Germany's Hubert Burda in a £260m deal, Sky News reported. Hubert Burda, publisher of YourHome and Wedding lifestyle magazines, will take over the Exponent Private Equity-owned [...]
Volvo V40 Cross Country T5 review: A car that defies categorisation for motorists that defy categorisation December 19, 2016 We love to label things. “The tendency to classify and categorise objects is a deeply ingrained aspect of human nature,” Dr Scott Barry Kaufman once wrote in Psychology Today. Maybe you were the kind of person who took pleasure in arranging your CD collection in alphabetical order, or perhaps labelling people is the sort of [...]
Sadiq Khan unveils Brexit panel featuring Lord Mandelson and Santander chair to advise on getting “best deal” for London December 19, 2016 Sadiq Khan has recruited an assortment of business leaders, investors and academics in an effort to boost London's Brexit credentials. The mayor announced a new Brexit Expert Advisory panel to advise him on the risks, challenges and opportunities for the capital in the wake of June's vote to leave the European Union. Members include Sir George Iacobescu, [...]
Protein’s Will Rowe talks early adopters, audience insights and brands “doing good” December 19, 2016 "I was a really bad web designer… that’s how it all started,” chuckles Will Rowe, founder and chief executive of Protein. We’re in his Shoreditch office, a space resembling the bedroom of my teenage dreams; a well trodden cow hide is stretched over the corrugated steel floor below shelves laden with volumes of glossy magazines. [...]
Christmas with JPMorgan: the bank picks books, sites and music for the holiday season December 16, 2016 There's still time to get a last minute gift for the banker in your life! JPMorgan's annual holiday reading list has been given an upgrade for 2016, and to mark the 10-year anniversary of the reading list, the US bank added on a few cultural and musical recommendations. The bank is actually calling the list #nextlist2017, and [...]
Just over a billion quid: Regulator estimates the cost to deliver minimum broadband levels to 1.4m homes December 16, 2016 Regulators say at least £1.1bn needs to be spent on Britain's telecoms infrastructure to provide a "decent" level of broadband to the more than 1.4m homes in the UK that are currently forced to go without it. Ofcom today set out a series of proposals to the government on how it can deliver on its promise [...]
The nightmare’s nearly over for the Piccadilly line social media team: It’s just running with “minor delays” now December 16, 2016 Piccadilly line passengers have not been impressed with Transport for London (TfL) taking out half the fleet of trains for wheel repairs. It has been causing severe delays along the line since last month – and some turmoil for the poor people manning the Piccadilly line's Twitter account. But today, the account had some – relatively – good [...]
Editor’s notes: Forget about Murdoch, media dominance is now an online battle December 16, 2016 For a while this week it felt as if we’d slipped back five years, as Ed Miliband and Vince Cable dusted down their criticisms of Rupert Murdoch. 21st Century Fox’s bid for Sky saw the former Labour leader take to Twitter like a student protester. “Do we want Rupert Murdoch controlling even more of [the] [...]
Only a quarter of us are getting our festive haul on the high street December 16, 2016 Only a quarter of UK shoppers are collecting their haul on the high street this year, preferring to stay at home instead and order goods online. Figures from research company Qualtrics suggest that the proportion of Britons who are willing to physically search for gifts is falling. Last year, 29 per cent of people in the UK [...]