Hunt has killed off Trussonomics but his next steps vary from bad to worse October 19, 2022 This week, new chancellor Jeremy Hunt delivered a damning eulogy of Trussonomics right in front of its creator.
No Brexit karma in Delhi: Whisky and visas increasingly complicate £27bn trade deal between UK and India October 18, 2022 The 24 October deadline set by Boris Johnson for finalising the UK–India trade deal will be missed after both parties have hit a roadblock in discussions. Although a detailed reason hasn’t been given by both sides, sticking points include a steep import duty on British whisky for sale in India, and demands for more visas for [...]
Pension triple lock at risk as Truss warns of ‘difficult decisions’ October 18, 2022 Number 10 has refused to commit to the state pension triple lock, after Liz Truss promised to keep the measure just weeks ago. Truss’ spokesperson refused four times to say Truss would uphold the triple lock, which would ensure state pension payments stay in line with inflation next year. New chancellor Jeremy Hunt warned yesterday [...]
Half-term boom: Stansted expects 400,000 departures October 18, 2022 Over 400,000 people are expected to fly from Stansted during the October half-term, according to forecasts released today. Stansted has predicted that more than 800,0000 passengers will pass through its gates between 21 and 30 October, with Friday 21 being the busiest day. This is up on last year’s levels as 500,000 passengers were reported [...]
City Moves: Who’s switching jobs in the Square Mile? October 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Knight Frank has poached a new head of central London property management from real estate advisory JLL. Andrew Child, who spent over 13 years at JLL, will help expand the existing central London property management [...]
This Is Why Imposter Syndrome Is Worse For Remote Workers October 17, 2022 If you’ve ever had that stomach-clenching sense of inadequacy about work; you know, the one that precedes the little voice in your head that tells you that you’re no good at your job, you’re going to be found out any minute now, and that no one rates you, then you’ll be familiar with imposter syndrome. [...]
Made.com receives non-binding proposals in rescue sale talks October 17, 2022 Made has said it has recieved “a number of” non-binding indicative proposals, as the online homeware retailer searches for a buyer amid tumbling sales. After reviewing the proposals, the board has invited” a select number of parties” to progress towards firm offers by the end of October, following a due diligence process, Made said on [...]
Hunt to make statement on fiscal plan TODAY in bid to calm markets October 17, 2022 Jeremy Hunt will make an announcement today in Parliament about the government’s so-called Medium-Term Fiscal Plan. The chancellor’s statement is a bid to calm the markets, bringing forward the details of the now much-derided mini-budget, outlined by his predecessor. Hunt will issue his plans later today and also speak in the House of Commons this afternoon. [...]
Dealmaker’s Spotlight: Evercore October 17, 2022 Datasite recently spoke with Alexander Asher, Vice President, Consumer-Retail Team at Evercore, to hear his thoughts and insights on market conditions, trends, and technology. Evercore is a premier global independent investment advisory firm. Founded in 1995, the firm has advised on over US$4.7 trn M&A and restructuring transactions. Headquartered in New York, it has 17 advisory [...]
Titanic Technology, where the fun never Ends October 14, 2022 It was Benjamin Franklin who said: “nothing can be said to be certain, except death and taxes”. In addition to that I can add another certainty – the lack of quality IT developers in the Financial Technology landscape. Blessed is the geek, for they shall inherit if not the earth, then a hefty salary, possible [...]