Sajid Javid’s plan to drop doctors and nurses from skilled worker ‘tier 2’ visa cap will boost business – but it’s only ‘a good first move’, says CBI June 14, 2018 Government plans to relax immigration rules by stripping out doctors and nurses from the visa cap have been welcomed by businesses – but the Home Office is still being urged to do more. The cap – introduced by Theresa May when she was home secretary – sets a limit for all non-EU skilled workers at [...]
Salesforce commits to $2.5bn UK investment ahead of No 10 tech roundtable June 13, 2018 US tech company Salesforce announced last night that it was investing $2.5bn (£1.87bn) in the UK over the next five years, ahead of today’s tech roundtable at 10 Downing Street. Salesforce, a world leader in customer relationship management (CRM) software, said yesterday it would invest in the UK over the next five years to increase [...]
How house prices across the UK have changed so far this year June 13, 2018 Average house prices in the UK rose by 3.9 per cent in the year to April 2018, according to the Office for National Statistics' UK house price index. The average price of a property in the UK was £226,906. For England, the April data from the ONS showed that on average, house prices had risen [...]
French asset manager Comgest bets on London with new office launch June 12, 2018 Paris-headquartered asset manager Comgest has backed London with the launch of its first UK office in Mayfair. UK-based clients represent approximately seven per cent of Comgest’s asset under management, around £1.8bn out of £25.1bn. Read more: Strong performance by asset managers fails to prevent fees being squeezed Comgest’s chief executive officer Arnaud Cosserat said: “Comgest [...]
Labour MPs urge investigation over ’embarrassing’ JezFest concert June 11, 2018 Labour MPs are demanding answers from the party HQ over the coming weekend's political and musical concert dubbed JezFest. The one-day Labour Live event will take place in Tottenham, north London, on 16 June. Musical acts include The Magic Numbers and Reverend and the Makers, alongside speeches by John McDonnell, Kate Osamor and activist Owen [...]
The UK has been crowned the tech unicorn capital of Europe, home to over a third of the continent’s billion dollar startups June 11, 2018 The UK has established itself as Europe's tech powerhouse, playing home to 37 per cent of Europe’s unicorn-status tech firms and topping the list of global destinations for tech talent. With London Tech Week kicking off today, new figures show the UK claims 13 of Europe’s 34 unicorns – referring to companies with a $1bn [...]
Sajid Javid has signalled a welcome new approach to immigration June 4, 2018 Sajid Javid faced an unenviable inbox when he arrived at the Home Office following the downfall of his predecessor, Amber Rudd. The Windrush scandal, security fears, police pay and immigration all compete for ministerial attention, and headlines. This to-do list typifies the Home Office brief, combining crises that flare up and dominate with legacy issues [...]
Lush stores take down posters following backlash to controversial SpyCops campaign June 3, 2018 Staff working in Lush stores across the UK have been forced to take down posters for its controversial SpyCops campaign after a public backlash. The campaign, which was launched on Friday, said undercover police officers, some of whom had relationships with activists, had been "paid to lie." Angry shoppers took to social media to voice [...]
Exclusive: Cabinet ministers poised to back max fac customs option as Irish border solution breaks Brexit deadlock June 1, 2018 Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]
UK Q2 outlook more positive June 1, 2018 Last week European markets posted their first weekly loss since March, breaking a run of eight consecutive weekly gains, raising the prospect that we could be on the cusp of a period of consolidation after a run that has seen the FTSE100 run up from lows of 6,840 in March to a new record high [...]