Outgoing permanent representative to the EU Sir Ivan Rogers blasts government in leaked resignation email to staff January 3, 2017 Britain's outgoing representative at the European Union, Sir Ivan Rogers, launched a thinly-veiled attack on the government's Brexit preparations in a leaked resignation email he sent to staff. Rogers who is one of the UK's most senior EU negotiators, unexpectedly resigned from his role earlier today. Read more: If May publishes her Brexit plan, will it affect the [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
From Brexit to Trump, interest rates to the steel crisis, these are the pictures that defined business in 2016 December 28, 2016 Let's face it, a lot's happened this year. 2016 was the year that brought us surprise, seismic political changes, pushed commodities markets through yet more turbulence and took down another stalwart of the British high street. @afneil If you're at a Quiz in the future and the question starts 'Which year did . . ' [...]
Save the date: the last Spring Budget will be on 8 March 2017 – before Article 50 December 20, 2016 The next UK government Budget announcement will take place on 8 March 2017, before the government triggers Article 50, the Treasury has announced. Prime Minister Theresa May has outlined plans to notify the EU of the UK's intention to leave by the end of March 2017. Official negotiations with the EU will then commence. Philip [...]
Lufthansa names telecoms boss to lead expansion of its Ryanair rival Eurowings December 7, 2016 German airline Lufthansa has plumped for a telecoms boss to drive expansion at its budget airline Eurowings. The board appointed Thorsten Dirks, chief executive of Telefonica Deutschland, to take over from Karl Ulrich Garnadt who's retiring from the board on 30 April next year. Dirks will take charge of Eurowings from 1 May. The airline [...]
Steady as she goes from Spreadsheet Phil November 24, 2016 It can't have been easy for George Osborne to watch his successor abolish one of the former chancellor’s favourite political devices. Philip Hammond ended his sober assessment of the public finances yesterday by declaring that the Autumn Statement will be no more. “No other economy makes hundreds of tax changes twice a year, and neither should [...]
Here’s how the Autumn Statement will affect your local pub November 23, 2016 Without mentioning the pub industry directly, the Autumn Statement laid out a handful of policies that will affect the sector. Here are the industry's top concerns. Increasing the National Living Wage will hurt pubs Wages for over-25s will rise 30p to £7.50 per hour in April 2017, and the rates of National Minimum Wages will increase as [...]
Here are the winners and losers from today’s Autumn Statement November 23, 2016 It's been a rough day for the UK's economic forecasts, but the revelations from chancellor Philip Hammond's first Autumn Statement weren't all bad. Here are some of the biggest winners and losers from the speech: Winners Companies will be cheering after Hammond confirmed that he will be cutting corporation tax to 17 per cent by 2020. [...]
Autumn Statement TL;DR? Here’s our at-a-glance guide November 23, 2016 Chancellor Philip Hammond spoke for around an hour while delivering today's Autumn Statement. If you don't have time for that, here's our at-a-glance overview of the announcements you need to know: Economics, public spending and politics The Office for Budget Responsibility (OBR) forecast for growth increased to 2.1 per cent, up from two per cent, for 2016, but [...]
Autumn Statement 2016 will be the UK’s last November 23, 2016 The Autumn Statement is being abolished, chancellor Philip Hammond said today. "This is my first Autumn Statement and it will also be my last," he told MPs in the House of Commons today. He is introducing a Spring Statement, and an Autumn Budget instead. Hammond said he would not introduce significant economic and financial changes [...]