The EU needs dynamic new thinking, not lectures on unity September 13, 2018 Even a stopped clock is right twice a day. This should be adopted as the personal motto of European Commission president Jean-Claude Juncker, or at least as the tagline for his final State of the Union address yesterday. “There is no applause when EU law dictates that Europeans have to change the clocks twice a [...]
Calls for Brexit deal to protect UK asset management industry September 13, 2018 Analysts have called for the final Brexit deal to protect the asset management industry as it emerged that the value of investments managed in the UK for European clients increased by 30 per cent last year. A total of £3.2 trillion is managed in the UK for overseas clients, of which £1.8 trillion is assets from European [...]
Calls for Brexit deal to protect UK asset management industry September 13, 2018 Analysts have called for the final Brexit deal to protect the asset management industry as it emerged that the value of investments managed in the UK for European clients increased by 30 per cent last year. A total of £3.2 trillion is managed in the UK for overseas clients, of which £1.8 trillion is assets from European [...]
Lloyds Banking Group closes another 15 branches September 12, 2018 Lloyds Banking Group today announced the closure of another 15 branches as the steady whittling down of the British bank network continues. Britain's biggest retail bank said 23 jobs will be at risk, with the closures taking place between January and March 2019. The bank is aiming for none of the job losses to be [...]
Lloyds Banking Group closes another 15 branches September 12, 2018 Lloyds Banking Group today announced the closure of another 15 branches as the steady whittling down of the British bank network continues. Britain's biggest retail bank said 23 jobs will be at risk, with the closures taking place between January and March 2019. The bank is aiming for none of the job losses to be [...]
The decision to include international students in the migration target is a missed opportunity for sensible reform September 12, 2018 International students coming to study in the UK should still be counted in the government’s net migration target. That was the conclusion from the Migration Advisory Committee published yesterday and a disappointment to those of us who have been calling for reform. Over 750,000 students come from abroad to study here each year, paying higher fees [...]
Slaughter and May hires former Serious Fraud Office head David Green as senior consultant September 11, 2018 The former head of the Serious Fraud Office, David Green, has confirmed his move to magic circle firm Slaughter and May after months of speculation. Green left the government agency in April this year after six years at the helm and was replaced by former FBI lawyer Lisa Osofsky. Slaughter and May said Green [...]
Commute, coffee, after-work drinks: Londoners spend the most money on work-related expenses September 10, 2018 How much did you spend on your lunch today? What about after-work drinks? And getting home? If you’re making daily trips to a trendy new sandwich bar every lunchtime, it might be time to rethink your spending: according to new data, Londoners have the priciest work-related outgoings in the UK. While the average Brit spends [...]
Boris Johnson compares Chequers deal to ‘suicide vest’ as open warfare between top Tories breaks out September 9, 2018 Former Foreign Secretary Boris Johnson has deepened bitter divisions within the Conservative Party this morning, after claiming that Theresa May’s Brexit plan would put the UK constitution in a “suicide vest”. The damning jibe provoked a furious backlash among a number of senior party figures, laying bare the current internal splits that Tories face as [...]
Tesla’s shares dive on executive departures while Elon Musk smokes weed on podcast September 7, 2018 Tesla shares dived in pre-market trading as two executives quit the company today, with one resigning after just a month, citing public attention. The announcements came on the same day as outspoken entrepreneur and Tesla CEO Elon Musk appeared online smoking marijuana. Tesla shares fell by up to eight per cent in pre-market trading after chief accounting officer [...]