Working from home is becoming more common – but London and finance lag behind the average May 20, 2016 If you'd take a lie-in and pyjama-wearing over office politics and a sweaty commute, good news – working from home is becoming more common. New research has suggested it has increased by around a fifth in the last decade. Some 1.52m, or around 5.7 per cent, of workers are now estimated to regularly work from home [...]
EU referendum: Vote Leave sets out alternative immigration plan on points-based system June 1, 2016 Brexit campaigners have warned on immigration again today, with Vote Leave's top brass announcing that the UK should adopt a points-based immigration system if it leaves the EU. Messrs Johnson and Gove, as well as Priti Patel, unveiled a joint statement that said "such a system can be much less bureaucratic and much simpler than the existing system for [...]
Banking Standards Board (BSB) names Sir Brendan Barber deputy chairman, replacing former Treasury Select Committee chairman Lord McFall March 1, 2016 A former trade union boss has been named deputy chair of an influential body tasked with improving standards of behaviour in the Square Mile and restoring the public’s trust in financial institutions. The Banking Standards Board (BSB) announced today that Sir Brendan Barber would take the number-two role on the board, replacing former Treasury Select [...]
Fortunes diverge between Europe and US as euro falls to six-week lows and global stocks hit record highs February 22, 2017 The euro fell to six-week lows against the US dollar on Wednesday morning as fears of political chaos stand in contrast to continued bullishness on global stock markets, which reached fresh record highs. The euro fell to a low of $1.0498 against the dollar today, its lowest since the beginning of January, sending the dollar index [...]
London workers did nearly £9,000 of unpaid overtime last year – as the UK racks up £31.5bn of unpaid work February 26, 2016 We're all used to putting in those extra few hours a week – but how much would you make if you were actually paid for it? New research has calculated that the average London worker could have made an extra £8,669 last year… The research by the Trades Union Congress, found 5.1m UK workers collectively [...]
Banking Standards Board (BSB) chairman Dame Colette Bowe says rebuilding the trustworthiness of British banking will be a “long haul” March 8, 2016 Building the trustworthiness of the British banking sector will be a “long haul”, a former regulator has warned, as the Banking Standards Board (BSB) publishes its first annual review. The BSB is an independent body set up last year to improve standards of behaviour in the Square Mile and restore the public’s trust in financial [...]
Theresa May’s treatment of EU nationals in the UK “inhuman and immoral” says TUC boss Frances O’Grady September 12, 2016 TUC general secretary Frances O'Grady has hit out at Theresa May's failure to guarantee the rights of EU nationals currently living in the UK, branding the decision "immoral and inhuman". May has expressed a desire to grant residency protections to EU citizens currently in the UK, but cautioned this remains tied to the willingness of [...]
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. [...]
US Presidential Election 2016: The German government is a little bit worried about Donald Trump October 1, 2016 Donald Trump's controversial bid for the White House has raised eyebrows across the world. But on the European side of the Atlantic, it's been largely a spectator sport as we struggle to understand the American psyche at the best of times (see #Tube_chat), let alone the Republican candidate, whose outrageous campaign techniques seem only to boost his support. However, [...]
US Presidential election 2016: Politicians around the world react to Donald Trump victory November 9, 2016 Politicians around the world have been reacting this morning to news that Donald Trump has been elected the 45th President of the United States. Trump surged past rival Hillary Clinton to take 276 electoral college votes, against Clinton's 218. In his victory speech, the property tycoon and former US Apprentice presenter said: "I want to [...]