Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK Changes in UK economy Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year The world in 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Neglecting parts of the UK has led to ‘branch line’ economy, warns CBI chief A leading business group warned this morning that parts of the UK have been neglected over decades, leading to a “branch line” economy. The CBI said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of [...]
Esure and Directline founder Sir Peter Wood leads insurance start-up funding round May 28, 2019 Esure and Directline founder Sir Peter Wood has led a £2.5m funding round in insurance start-up Pikl. Wood received £360m when he sold his stake in Esure to private equity firm Bain Capital last year. The serial entrepreneur also founded Directline in the 1980s, allowing customers to buy insurance over the phone, later selling his [...]
Automakers and the tech giants are battling over the future of the car industry March 5, 2019 More than 100 years after the petrol-powered car passed go for the first time – and despite worldwide sales at a record high in 2018 – stress fractures are starting to appear. Tesla is on track to outsell both BMW and Mercedes-Benz in the US, car sales in China are declining for the first time in [...]
Addison Lee, Uber, Hailo, Kabbee and Gett taxi app wars: Why the future of transport apps isn’t transport August 19, 2015 On-demand transport – taxi apps – is a £5bn market in London. It's worth double that in the UK as a whole. Worldwide the figures are astronomical. From New York to Tel Aviv, Moscow to London, the way we move around our cities is transforming beyond all recognition. We have technology to thank. The ability [...]
Uber competition is good for passengers and drivers August 2, 2015 Addison Lee’s Catherine Faiers just can’t stop talking about Uber. Twice in recent weeks, she’s written in these very pages to highlight our popularity. It’s flattering to get confirmation from others that what you do is in such demand, although we try to focus on our own business. We already know the public likes [...]
Uber’s race to the bottom: The wheels will come off this controversial business July 31, 2015 Uber causes a storm wherever it goes. First, there’s the storm of applause as passengers initially embrace what looks like an exciting, disruptive new technology. Then, there’s the storm of protest as people start to understand what the business model is really all about. Treating taxis as just another tech challenge raises all sorts [...]
Uber faces UK legal action from GMB union over driver employee rights July 29, 2015 The GMB union has launched legal action against Uber over the way it treats drivers. The union claims drivers should be considered employees and has a legal duty to provide them with working rights on pay, holiday, health and safety, and grievances. Uber considers drivers as self-employed "partners". Now GMB has instructed law firm Leigh [...]
Now Gett lets you order Veuve Clicquot champagne in London as it expands on-demand services July 27, 2015 Londoners will be able to order champagne and have a bottle delivered in just 10 minutes with a new service from taxi app Gett. The partnership with Veuve Clicquot will deliver champagne in the same way as ordering a taxi, as Gett explores a tranche of new product deliveries and on-demand services in a bid to [...]