Boris Johnson spokesperson says ‘no plans’ to change cap on executive pay June 21, 2022 Boris Johnson’s official spokesperson has said there are “no plans” to change a cap on executive pay. On Tuesday morning, the PM’s spokesperson added: “I think the issue being investigated is how non-executive directors are paid, rather than what the CEOs or directors are paid.” Ministers were mulling changes relating to “people being able to [...]
Gilbert’s AssetCo buys Edinburgh asset manager to bolster Scottish business June 21, 2022 Martin Gilbert’s asset management vehicle AssetCo has snapped up Scottish firm SVM Asset Management Holdings for £10.7m, as it looks to broaden its footprint north of the border.
Oil and gas body warns windfall tax will deter investment in domestic energy sector June 20, 2022 OEUK has ramped up its criticisms of the imposed windfall tax - describing the new levy as "punitive," amid fears it could jeopardise investment.
Brexiteer Jacob Rees-Mogg accused of ‘playing silly games’ with security staff by refusing to wear parliamentary pass June 20, 2022 Brexit opportunities minister Jacob Rees-Mogg has been accused of “playing silly games” with parliamentary security, by not wearing his pass to enter the Westminster estate. The eccentric Tory politician who is also responsible for government efficiency was criticised this week by the PCS union, over claims he refused to wear the pass on him at [...]
Failed resolution talks: Rail and tube strikes will go ahead next week June 18, 2022 Rail and tube strikes have been confirmed for next week after a resolution failed to be reached over pay and working conditions. The Rail, Maritime and Transport union (RMT) confirmed the news this afternoon, stating that discussions with Network Rail, train operators and London Underground had been fruitless. The Department for Transport told the BBC [...]
Alphabet exec warns skill shortages could stunt economy as UK vows to become ‘global tech superpower’ June 18, 2022 Alphabet chief financial officer Ruth Porat has warned ongoing digital skill shortages risk stunting economic growth.
London Tech Week, Day Five: Into an Inclusive Metaverse June 17, 2022 As London Tech Week draws to a close, it’s amazing to look back at the progress the sector has made in the nine years since Tech London Advocates joined the very first edition as a founding partner. Across all events, more than 20,000 attendees heard from tech leaders at the cutting edge of the emerging [...]
Dorries takes aim at GDPR with fresh data laws June 16, 2022 Nadine Dorries has continued to pave the way for the post-Brexit digital landscape this evening, emphasising the UK’s departure from EU bureaucracy. In its fresh consultation released tonight, the government have set out how the Data Reform Bill announced in this year’s Queen’s Speech will strengthen the UK’s data protection standards while reducing burdens on [...]
London Tech Week, Day Four: Building the workplaces of tomorrow June 16, 2022 As we moved into the second half of London Tech Week, focus shifted from the trends witnessed over the last year, to what we can expect from the future. One issue in particular was exploring what is in store for the future of work. The demand for people with the skills capable of facilitating the [...]
Asos warns profit will be hit as shoppers return more clothes amid cost of living crunch June 16, 2022 Asos has warned it is expecting lower profit this year after an increase in customers returning clothes due to the pressures of higher living costs. Asos lowered forecasts for the year, with sales anticipated to be in the range of four per cent and seven per cent, which it put down to “market volatility and [...]