DEBATE: Was the tribunal right to rule that Uber drivers are workers, not self-employed? November 14, 2017 DEBATE: Was the tribunal right to rule that Uber drivers are workers, not self-employed? YES – Frank Field, Labour MP for Birkenhead. The appeal tribunal must have been trying hard not to laugh Uber out of the room last week. The idea that the company engages on level terms with tens of thousands of independent [...]
City Pub Group plans to raise £30m in a float on the Alternative Investment Market (Aim) by the end of November November 6, 2017 The City Pub Group is set to launch its long-awaited float on London’s Alternative Investment Market (Aim) by the end of November. The group, which operates a 34-strong estate of premium pubs across the south of England, will today announce its intention to go forward with an initial public offering (IPO) to raise £30m of [...]
London living wage to rise faster than inflation to break through £10 per hour for first time November 6, 2017 Thousands of Londoners will enjoy a pay rise today with the London living wage to rise above £10 per hour for the first time. Mayor of London Sadiq Khan will today announce the rise from £9.75 to £10.20 per hour. The independently-calculated living wage aims to set a value based on what people need to [...]
Think locally, invest globally: Why Brexit isn’t the calamity some fear November 1, 2017 A year after the Brexit vote, the UK has managed to avoid a bear market and recession. Still, global diversification remains a key tool for investors. Fifteen months after Brits voted to leave the EU, the UK government is slowly ploughing ahead with Brexit. Invoking Article 50 of the Lisbon Treaty in March was the [...]
UK economic growth picks up slightly in third quarter October 25, 2017 The UK’s economic growth picked up moderately in the third quarter as GDP increased by 0.4 per cent after the manufacturing sector returned to expansion. Britain’s manufacturers had recorded a weak second quarter, with output actually falling, but the sector returned to growth in the three months to September, expanding by one per cent, the [...]
There’s a solution to the airport capacity problem in the UK, and it isn’t Heathrow October 13, 2017 The call for evidence to form a new aviation strategy for the UK closes today. We live in hope, but the UK hasn’t had a proper strategy for 50 years. While the need for more capacity grows, and Heathrow and Gatwick become full to bursting, successive governments have dithered over a decision on a third [...]
Comptoir Libanais losses widen as casual dining sector is served further bad news September 15, 2017 The UK’s casual dining sector received more bad news this morning as the parent of Comptoir Libanais restaurants reported increased pre-tax losses. It follows similar results and warnings from several other businesses in the casual dining sector, all of which have warned on a difficult trading outlook, especially in parts of London. Read more: Out [...]
This group of pro-Brexit economists says leaving the EU will add £135bn to economy August 20, 2017 A group of economists who backed Brexit have predicted that leaving Europe could add £135bn a year to Britain’s economy. Economists for Free Trade (EFT), formerly known as Economists for Brexit, calculate that a so-called hard Brexit would lead to a surge in national output worth around £5,000 a year for every household on average. [...]
UK house prices: Is a crash coming? These economists thinks so, raising spectre of negative equity July 2, 2017 Leading economists have warned that the UK is heading for a collapse in house prices not seen since the early 90s which risks plunging homeowners into negative equity. "We are due a significant correction in house prices. I think we are beginning to see signs that correction may be starting," said Paul Cheshire, a professor [...]
Queen’s speech: Here’s the full text, featuring a flurry of Brexit bills June 21, 2017 The much-anticipated Queen's speech for 2017 has been delivered, outlining Theresa May's plans and her pledge to win "the trust and confidence" of the British people. Below is the full text of the speech. The Queen's speech 2017 My Lords and Members of the House of Commons. My government’s priority is to secure the best [...]