Former EU ambassador Sir Ivan Rogers “couldn’t be trusted” by ministers says Iain Duncan Smith January 4, 2017 Senior Conservative Iain Duncan Smith has branded Britain's former ambassador to the EU "untrustworthy", a day after his sensational resignation. Sir Ivan Rogers quit yesterday, writing an email to staff which accused the government of “muddled thinking” on Brexit. Speaking on the Today programme this morning, Duncan Smith linked that leaked email to previous reports of Rogers warning [...]
Germany’s inflation soars to highest since 2013 while France posts steady increase January 3, 2017 Inflation in Germany more than doubled in December 2016 while France also posted an increase, in a sign of further economic recovery in the Eurozone which will be welcomed by the European Central Bank (ECB). German consumer prices soared by 0.7 per cent compared to November, bringing the annual rate of increase to 1.7 per [...]
British exporters look to Middle East and Asia-Pacific to avoid Brexit uncertainty January 3, 2017 British exporters are turning their gaze to the Middle East and Asia as they look to avoid economic uncertainty and the uncertain trading relationship with Europe, a new survey says. The Asia-Pacific region in particular is set to be targeted, with an 18 per cent balance of UK businesses expecting exports to increase over the [...]
With diverging monetary policy and more political uncertainty, should investors expect 2017 to be the year that growth makes a comeback? January 3, 2017 This year is being heralded as a new dawn for markets. The economic malaise which has dogged developed economies since the financial crisis will finally subside; the battle against deflation has been won; fiscal stimulus is firmly on the agenda, and real growth will return. Such optimistic assessments may prove to be on the money. [...]
Axa reveals the cost of Bluefin’s sale to Marsh & McLennan January 2, 2017 Axa will take a €82m (£70m) hit from its £295m sale of UK small business insurance broker Bluefin to US giant Marsh & McLennan. The sale, previously announced in November and referred to by Marsh's boss as "very much a post-Brexit deal", completed today. The move by the French insurer followed the £395m sale of its SunLife [...]
Voters will be asked to show ID at the ballot box as government aims to crackdown on voter fraud December 27, 2016 Voters will be asked to provide proof of identification at polling stations in a government trial scheme to reduce electoral fraud. At local elections in 2018, different local authorities in England will ask voters to provide different forms of ID including driving licences, utility bills or passports. The initiative follows a report into electoral fraud and how to [...]
Resilient British consumers grow more confident about personal finances, but see storm clouds ahead for the UK economy December 22, 2016 British consumers have ended the year on a resilient note, with confidence rising despite gloomy forecasts for the economy, according to a long-running survey. Consumer confidence increased in December by one point, driven higher by a positive attitude towards making major purchases such as furniture or white goods, says the index compiled by market research [...]
Crown Estate pushes ahead with £100m West End project after Brexit vote pause December 21, 2016 The Crown Estate has recovered from post-Brexit vote jitters to push ahead with a £100m West End development. The property company, which is owned by the sovereign, put the redevelopment of the Grade II listed building on hold after the EU referendum. Read more: Venture capital firm signs up to Crown Estate scheme But Crown [...]
It’s been a bumper year for stock markets – but how good was 2016 really? December 20, 2016 “Some investors have quipped that it took days for the markets to digest the UK referendum outcome, hours to come to terms with Donald Trump as President-Elect and minutes to assess Italian Prime Minister Matteo Renzi’s resignation,” Mark Haefele, global chief investment officer at UBS Wealth Management, told clients last week. It has been a [...]
We’ve got cereal strikes going on: Now Weetabix workers vote for walkouts December 19, 2016 Another day, another proposed batch of industrial action. This time, it's Weetabix workers apparently. Usdaw union has said workers at the cereal company are planning to go on strike in the new year after voting for action in a row over the firm's proposal to change shift patterns. Ed Leach, Usdaw's area organiser, said: “Despite long [...]