Professional services firms to be called on to help make sense of Brexit December 11, 2020 Professional services firms will play an important role in deciphering a Brexit deal – should the UK get one – or what the rules will be in the event of a no-deal scenario. Time is running out for the UK and the EU to agree a post-Brexit trade deal. On the last day of the [...]
Supersizing DAZN: Why a UK launch is just the start of the sport streaming service’s global ambitions December 11, 2020 “Supersizing” is the buzzword of the moment at DAZN, the sport streaming service that finally launched in the UK this month. It’s an appropriate one, in that it reflects DAZN’s expansion to more than 200 countries, making it the first global platform of its kind. It is also suitably bullish for a company that is [...]
UK extends commercial tenant eviction ban until March December 9, 2020 The UK’s ban on commercial property eviction has been extended today to March 2021. Housing secretary Robert Jenrick announced that this will be the final extension of the business eviction ban, after it was originally supposed to end in September this year. A statement from the Ministry of Housing, Communities and Local Government said the [...]
Mind the gap: Study shows savers are 94% worse off than investors December 8, 2020 A substantial investment gap has opened up between those who opted to save and those who decided to invest over the last 10 years. According to a survey by online investment platform Charles Stanley Direct, those who save in cash accounts are on average 94 per cent worse off than their counterparts. For example, £10,000 [...]
Ashtead lifts full-year guidance after ‘resilient’ lockdown period December 8, 2020 Construction equipment hire firm Ashtead has raised its full-year guidance after a strong performance during lockdown. Ashtead benefited from its status as an essential business during the pandemic, meaning its revenues for the six months ending 31 October slipped just five per cent to £2.5bn. Operating profits dropped 20 per cent to £614m. “Based on [...]
UK jobs market attracts global interest after visa offer to Hong Kong December 8, 2020 Interest in the UK jobs market from non-EU workers has jumped 20 per cent, driven by a surge in job seekers from Hong Kong, according to a new survey. Interest in the London jobs market from non-EU workers has overtaken that from EU ones for the first time in seven years, according to data released [...]
Brexit: UK ‘prepared’ to axe controversial Internal Market Bill clauses that break international law December 7, 2020 The UK government is “prepared” to remove the controversial Northern Ireland clauses in Boris Johnson’s Internal Market Bill, that could breach international law, if a UK-EU post-Brexit trade deal is reached. A government statement released this afternoon said the UK was willing to take out all clauses in the Internal Market Bill and following Finance [...]
UK takes top-spot in European property investment market December 7, 2020 A recent global survey by international law firm DLA Piper, showed that the UK is considered prime real estate by investors, following Brexit. The survey of 500 investors, developers, and asset managers from across Europe, China and the US, ranked the UK highest for future residential property investment. The study showed that overall, the European [...]
Jacob Rees-Mogg tells Rishi Sunak that raising taxes will cost Tories next election December 7, 2020 Jacob Rees-Mogg has warned Rishi Sunak that he will cost the Tories the next election if he raises taxes next year in what could be the start of a cabinet row. The Leader of the House of Commons said on his Moggcast podcast last night that raising taxes would damage the UK’s economic recovery and [...]
UK house prices grow at strongest pace in four years December 7, 2020 UK house prices soared by 7.6 per cent in the year to November, according to the latest figures from Halifax, as buyers sought more space and tried to beat the end of the stamp duty holiday. House prices rose 1.2 per cent month on month and 7.6 per cent year on year to hit an [...]