British businesses shrug off post-Brexit vote gloom as confidence hits highest level since June – although skills shortages are now a concern, says IoD

by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsHabit TribeTom Selleck Is Happily Married To This PersonHabit TribeISingleMomRemember Him? This Is What He Looks Like Now At 72ISingleMomArticles VallyNobody Could Have Predicted What Befell The World’s First Surviving SeptupletsArticles Vally whatsapp Share British businesses are positive about the outlook for 2017, with confidence for the year ahead reaching its highest level since the vote to leave the European Union, according to a new survey.However, concerns remain, with the country’s economic situation and and a tightening labour market casting a pall, according to the poll by the Institute of Directors (IoD). A similar increase has been seen in the broader economic outlook, with a 14 per cent net positive outlook for the UK’s whole economy – a significant improvement from the net negative outlook, at minus 10 per cent, recorded two months ago.James Sproule, chief economist at the IoD, said: “Politicians must now look to build on this optimism with an ambitious pro-enterprise domestic agenda and a constructive start to our European negotiations.“Confidence is a funny thing, and it can’t be taken for granted – a misjudged speech or signs that we aren’t making progress in Brussels could signal a sudden downturn,” he added.The government has yet to outline a detailed negotiating position – despite pressure from both sides of the Channel and from policymakers such as Bank of England governor Mark Carney. However, business confidence has enjoyed a steady upward trend as employers adjust.Read more: Brexit negotiations uncertainty to lead UK business investment down Monday 26 December 2016 8:39 am The figures represent a strong improvement from a similar survey carried out in October, which showed more than a fifth of businesses doubting the outlook for their own businesses. Simon Walker, director general of the IoD, said: “Employers are getting on with the job of growing their businesses and delivering jobs for the UK. A steady if unspectacular Autumn Statement has clearly settled nerves, and the early signs of the Industrial Strategy are certainly positive.The outgoing director general – to be replaced by Stephen Martin in February – also called for the government to alleviate fears of a skills shortage by giving assurances to EU citizens on their status in the UK.He said: “Business will now look to Government to lay the groundwork for growth, and considering the skills shortage revealed in this survey, they should start by guaranteeing the status of EU citizens currently working for British businesses.”Walker has previously been strident in his opposition to immigration controls, saying they could harm large parts of British industry. whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org British businesses shrug off post-Brexit vote gloom as confidence hits highest level since June – although skills shortages are now a concern, says IoD 60 per cent of businesses surveyed were optimistic about their prospects for the next year, compared to only 10 per cent who believed trading would become more difficult.Read more: Companies’ short-term confidence in business output has finally liftedHeadwinds to growth in 2017 include the prospect of skills shortages, with four in 10 businesses citing skills shortages as a potential drag on growth. The unemployment rate stands at 4.8 per cent, its lowest point since well before the financial crisis. Jasper Jolly read more

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Make 2017 a year of celebration – not the suffocation of London’s Night Time Economy

Sure, being chairman of The Night Time Industries Association, you might expect me to encourage everyone to go out and have fun. But as a member of the public, having been lucky enough to grow up in Britain (in spite of some of that violence way back when), I have witnessed our incredible clubs around the country first hand. Dance music transformed Britain and indeed the world in the 1980s. Dancing together, new friendships were formed and ideas sparked.The tragic attack on revellers in Istanbul, as with the Bataclan, shows another version of the attack on our way of life. As a citizen, I’m so very proud of how professional and excellent our cultural spaces really are – and how all people who enjoy them help make our cities dynamic, exciting and profitable all round.So, let’s not let nasty ideas or hateful actions close our way of life down. If in doubt, go on and get out. Happy New Year! Share We live in interesting times. This term, actually a Chinese curse, reflects all the hope, possibility and opportunity of a period – as well as the worst that we can imagine from it.What has been “interesting” recently is the overwhelming cultural and political view that the British public is a nasty species that requires constant regulating, probing, prodding, nudging and containing. I say this with particular regard to what has come to be known as the Night Time Economy, but the tendency goes much further. Over Christmas, for example, there was much coverage of a survey by the Post Office showing many people would be spending New Year’s Eve at home with friends and loved ones. In a sign of the times, the reports came with a stocking filler full of anti-fun, with advice on what precautions to take when taking the risky adventure of having friends over. “If at all possible, cover carpets to prevent damage from spilt food and drinks,” they recommended, as well as the particularly mean-spirited humdinger: “Protect your valuables so they’re not damaged, broken or worst yet, stolen!” Tis the Season to be Jolly.Well Old Acquaintances should not be forgotten – and raising a glass with our fellow citizens is part of what makes us who we are. That is not to say that one shouldn’t have nights in with friends. What is far more worrying is the pernicious notion that, wherever we are, we are up to no good.Read more: The nanny state we’re living in isn’t helping our healthThe figures for going out are impressive. With over 300m visits across Britain per year to nightlife venues, the Department for Communities and Local Government has found that the Night Time Economy provides town centres with between 10 and 16 per cent of their total employment, with around 80 per cent of jobs going to young people (in London a disastrous one in four of whom are unemployed). In the capital in 2013 alone, overseas visitors spent £11.26bn on going out at night, and EY has estimated London’s Night Time Economy could be worth up to £30bn a year by 2030. Nightlife is vital to our nation and our way of life.Clearly politicians, councillors, the police and others don’t think about people as problematic on an individual level. Increasingly, however, the “public” at large is seen by these officials through the prism of risk, and over-stretched police (who have faced significant funding cuts) have resorted to so-called “stats-related policing” rather than working out in partnership with venues how to mitigate any of the costs of nightlife. Heavy-handed policing is damaging the Night Time Economy (Source: Getty)As a result, the Night Time Economy has suffered heavy blows from the wrong-minded notion that it is a place full of “anti-social behaviour” (which is never defined specifically), “alcohol-related crimes” (there is no such thing in English law) and “crime spikes” or “hot spots”, in spite of serious crime being far lower now than in the recent past. “Zones” and “impact areas” are continually imposed, with all types of restrictions on the public, as well as the Orwellian-sounding and ubiquitous Public Space Protection Orders.But we have a very different yardstick to measure the public against too: our hosting of the Olympics. What a terrific representation of who we really are. The fearful outlook that, when the public gets together, it only spells trouble has thankfully been debunked over recent years. In fact, Britain is now a fabulously well behaved country. I often joke with older police officers about the 1980s and what was once referred to as “Friday fight night”. These days, the young are only violently using their Twitter or Snapchat to share their latest nonalcoholic cocktail date, or using Instagram to record their favourite DJ performance.Read more: Night czar Amy Lame wants late-night cafes to become a regular for LondonThis is serious business too, with the Night Time Economy generating nearly £70bn in revenue each year in Britain. It is one of our most robust economic engines, dynamic, creative, fun, inspirational – and where the next cultural phenomenon is always hatched. That’s right. The Sub Club in Glasgow, The Warehouse Project in Manchester, The Rainbow Venues in Birmingham, or the new Sankeys in London – in fact any one of our world-class venues – are the breeding grounds for the next Adele, Tinie Tempah, Ed Sheeran and Jessie J. Alan Miller Much of Britain’s cultural output has been inspired by its nightlife (Source: Getty)While some try to invoke a horror “tableaux” of bad behaviour, we know that millions of Brits and visitors from around the world go out every week and are well behaved, make new friends, fall in love, enrich our economy, regenerate our towns and cities, and in actual fact act as a deterrent to crime, by lighting up our streets and being the eyes and ears.Read more: Here’s how much the Night Tube has boosted spending in the capitalMore than that, going out is what being British is all about. We are not famous any longer for our ship-building or coal – but we are recognised for our contribution to music and culture globally. It pays enormous economic dividends each year – but part of what makes Britain such a welcoming and impressive destination, or country to live in, is also how we put on a good show. Make 2017 a year of celebration – not the suffocation of London’s Night Time Economy Thursday 5 January 2017 4:59 am From the Beatles to advertising, London Fashion Week to film-making, our vast post-war cultural contribution has been enormously informed by our dance floors. We go out, we meet one another, we eat, drink, dance and have fun. whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedPost FunCops Called To Investigate Smell From Abandoned House Didn’t Expect To Find ThisPost Fun read more

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Tories slam Khan over zero strikes vow and “woeful” understanding of London transport

whatsapp Mark Sands Conservative London Assembly member Gareth Bacon said: “Sadiq Khan’s ‘zero strikes’ promise both insulted the intelligence of Londoners and showed a woeful lack of understanding of the capital’s transport issues.“For a long time I have called for a move to binding pendulum arbitration, allowing a judge to rule on industrial disputes like this. The Mayor would do well to consider sensible options such as this rather than making weak gestures that seriously undermine the public’s confidence in his ability to do his job.”Read More:Tube strike causes chaos for commuters and kicks off week of travel miseryBraintree MP and former London Assembly member James Cleverly added: “The penny is just starting to drop that promising everything to everyone is now biting him hard.“What’s happening now is that the unions are flexing their muscles. People at TFL always warned that [Khan’s] promises didn’t stack up, and he is now realising that he is letting people down.” Although the strike formally finishes at 18.00, services are not expected to return to normal until much later.Read More: There’s going to be a Tube strike: Here’s what you need to knowAnd now Khan has come under fire for election promises to end strikes on public transport.Khan’s manifesto committed him to cutting the total number of days, but on the campaign trail he vowed “to make sure there are zero days of strikes”.City Hall has today claimed the mayor’s comments were an aspiration, but Tories have nonetheless slammed Khan. Tories slam Khan over zero strikes vow and “woeful” understanding of London transport London mayor Sadiq Khan has been slammed by London and home counties Tories over today’s tube strike, with Khan accused of a “woeful” understanding of the capital’s transport.Tube station workers have been on strike throughout the day, with many Londoners suffering extended commutes both to and from work. Share whatsapp For his part, the mayor has stressed that the ongoing dispute with station staff began under his predecessor, Boris Johnson.“A good deal, that will ensure station safety and staffing levels across the Tube network, remains on offer, and I urge the unions to continue talks,” Khan said.A spokesman for the mayor also stressed Khan does retain an ambition of “zero strikes”.“He still absolutely believes that every single strike is a sign of failure.” Monday 9 January 2017 5:17 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPensAndPatronTori Roloff Confirms Sad Family NewsPensAndPatronUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndo read more

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Significant rise in inflation amid a firming recovery predicted by European Central Bank

In minutes from the interest rate-setting Governing Council’s last monetary policy meeting, the ECB said “strong upward base effects in the annual rate of change of energy prices” would help to push up prices.Read more: Euro plummets as ECB extends QE programme but begins taperingUS President-elect Trump’s fiscal policies were also seen as a possible source of “upward impact” on prices in the Eurozone.However, the ECB’s chief economist, Peter Praet, said underlying inflation (excluding volatile energy prices) lacked “a convincing upward trend” – meaning the ECB had “revised down” the core inflation outlook.The minutes recorded discussions from the ECB’s last monetary policy meeting, which took place on 8 December last year. At the meeting the bank extended its quantitative easing programme but reduced its scale from €80bn per month to €60bn per month. Significant rise in inflation amid a firming recovery predicted by European Central Bank Share Jasper Jolly Thursday 12 January 2017 12:39 pm ECB president Mario Draghi was keen after the meeting to emphasise the bank’s continued commitment to accommodative monetary policy. The minutes record Praet raising the possibility of raising quantitative easing purchases back to €80bn per month “if the outlook became less favourable, or if financial conditions became inconsistent with further progress towards a sustained adjustment of the inflation path.”Read more: At long last: Eurozone producer prices rise for first time since June 2013However, the minutes also reveal a fear that more changes to quantitative easing (officially known as the asset purchase programme) would be needed to combat bond scarcity.Quantitative easing aims to free up money from bank balance sheets for lending by purchasing a limited selection of government bonds. However, the scale of the ECB’s purchases meant it had struggled to find eligible bonds.The next monetary policy meeting in Frankfurt will take place on 19 January, with little expectation of a change in interest rates or a modification to the quantitative easing regime.[custom id=”190”] Europe’s economy is recovering “at a moderate but firming pace” but headline inflation will rise “significantly” in the coming months, according to the monetary policymakers at the European Central Bank (ECB).The ECB also said Brexit uncertainty and the election of Donald Trump presented risks to the EU economy, while “political uncertainty remained high”. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse Coast whatsapp read more

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All you need to know about next week’s massive Tube strike

(Source: TfL)What will the bus, road etc. situation be like?TfL has warned that National Rail services, bus routes and the roads of course, will be very busy indeed. It has advised against driving in central London unless it’s essential, and, if you have to, stick to the north and south circular roads and/or the M25. Share Click or tap to see larger version (Source: TfL)Will anything run?Here’s what Transport for London (TfL) is expecting at the moment: All you need to know about next week’s massive Tube strike Rebecca Smith by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUnify Health LabsRandy Jackson: “This Drink Is Like A Powerwash For Your Gut”Unify Health LabsDr. Marty3 Silent Clues Your Cat Asks For HelpDr. MartyTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco Relish Read more: London Tories: Mayor’s Tube strike concessions will cost £17m a yearAny chance it won’t happen?There’s still hope – talks are currently ongoing between Tube bosses and the RMT. And there has been progress.The TSSA, which joined in on the last Tube strike, has said it won’t be involved in this one after saying London Underground’s offer of more jobs “goes some way towards restoring adequate safety on the Tube”. Talks are ongoing to clarify details made in the proposal.Is there more to come?Yes, be warned – unless this dispute is resolved, there will be more planned in March. The RMT is planning fresh dates. whatsapp Just in: next week’s Tube strikes have been suspended after last-ditch talks were held this week between the RMT union and London Underground bosses.There was going to be more strike action next week with more than 3,000 members of the RMT union planning to walk out over ticket office closures and job cuts. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Read more: Every route from Waterloo station to Bank, rankedWhen will the strike take place?The first kicks off from 6pm Sunday 5 February until 09:59 on Monday 6 February. Then there’s another from 10am on Tuesday 7 February until 00:59 on Wednesday 8 February.Which lines and stations will it affect?Brace yourselves, it’s looking like all of them. Remember January’s massive shutdown of the majority of Zone 1 stations? Yeah, a repeat of that. Most will be shut or close at short notice for safety reasons.So if you’re coming in from King’s Cross, Paddington, Euston, Bank and London Bridge, there won’t be an interchange.Here’s a map of the areas affected. Coloured lines are likely to run at times, the greyed out are unlikely to open at all. Friday 3 February 2017 2:55 pm whatsapp If you’re aiming for a bus, use pay as you go with an Oyster or contactless card – they don’t accept cash. Here’s a handy bus and walking map if you’re not used to getting the bus.Should I brave getting on my bike?Quite possibly. Rather helpfully, Halfords has announced it’ll offer free bike checks across all of its London shops. So you can get your brakes, gears, wheels etc. checked out before braving the roads. No need to book either – just turn up with your bike.Last strike extra Santander Cycle hubs were put around central London to help, and more than 80 per cent more bikes were hired on the day than for the January average. So you may need to fend off other other commuters to pedal away with one. How can I get more information?TfL will be updating its special strike page with more information as and when it has it, which also includes status updates, traffic status and docking station info for Santander Cycles. read more

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We built it, they didn’t come: TSB to shut branches as more people bank online

Wednesday 8 February 2017 12:30 pm TSB is closing the doors on 29 of its branches, as people increasingly favour banking online.The challenger bank, which was spun out from Lloyds before being snapped up by Spanish Sabadell in 2015, said today some of its least popular locations are now serving fewer than 200 customers per week, pushing it to make the decision to shut some branches.  Hayley Kirton whatsapp Share The challenger, which currently has over 580 branches in its network, is currently part way through a £250m investment programme for its branch and digital banking services. However, while many customers have made the switch to digital, the bank added half of new current accounts are still opened in branches and many people also preferred to deal with big ticket items, such as taking out a mortgage, face-to-face.Last December, consumer group Which? revealed more than 1,000 bank branches across the UK had closed over the course of the last two years.  No job losses are planned because of these branch closures, as staff will be offered roles at nearby locations. Despite the closures, TSB estimates 42 per cent of the population will still be within two miles of one of its branches.Read more: Metro Bank boss: Branchless banking reduces customer choiceThe majority of the branches up for the chop are due to close in June. “We love our branches and they are an important part of what TSB is here to do,” said Peter Navin, distribution director at TSB. “People don’t go today where they went twenty years ago and we are reacting to that with changes to our network and a major investment programme.”Read more: Clydesdale and Yorkshire to cull around 400 jobs as branches shut We built it, they didn’t come: TSB to shut branches as more people bank online whatsapp read more

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The cost of talent and housing threaten London’s digital crown

Thursday 2 March 2017 4:30 am The government yesterday unveiled its digital strategy – an action plan for growing the digital economy and making the UK the best place in the world to start and grow a digital business.This ambition is undoubtedly very welcome. London is already the best place in Europe for digital startups and scaleups, boasting excellent access to finance, the most developed venture capital industry in Europe and a booming alternative finance sector – not to mention a mature support system that includes numerous accelerators and coworking spaces. whatsapp The cost of talent and housing threaten London’s digital crown One area where London compares less favourably with other places is in its digital infrastructure, such as rather limp broadband, so it is great to see further commitment to the “next generation infrastructure” promised in the Autumn Statement. This could help the UK close the gap with Eastern European cities such as Bucharest and Riga, which already benefit from ultra-fast fibre internet. London’s is distinctly creaky in comparison.However, startups face more substantial constraints in the capital: principally, the cost of talent and the cost of accommodation.Read more: Why artificial intelligence is about to get real backingThe UK’s world-class universities provide a steady stream of skilled graduates, but it is inadequate; many digital firms still report access to talent – particularly, data science skills – as one of their largest bottlenecks.The government’s move to provide digital training (and retraining) to millions, in conjunction with big businesses like Barclays and Lloyds, stands to reap rewards for the sector and wider economy. It’s also a pragmatic acknowledgement that government can’t tackle this all by itself. But that is a longer-term solution to a current problem. In the face of a hard Brexit, businesses and policy-makers must work together to ensure that London’s burgeoning digital sector can access the right skills from across the world. In fact, research from Nesta and Tech City UK has identified that non-EU nationals make up a higher share of the UK’s tech sector than those from the rest of the EU, which should be kept in mind when designing schemes for highly-skilled migrants.Read more: Scrap the utopian net migration target for the realistic system we all wantThe matter of accommodation is much more difficult for the digital strategy to address. The international attractiveness of London has proven to be something of an Achilles’ heel, causing property prices and office rental costs to soar skywards. West London now contains some of the most expensive real estate in the world.This isn’t a problem unique to London – even tech workers in Silicon Valley earning seven-figure salaries report prices there spiralling beyond their reach – but failing to address affordability for the entrepreneurs and workers that flock to London could mean that competitor cities become more attractive to tech startups.Certainly, many European cities are trying hard to lure young firms away from London, and the fact that businesses could save two-thirds of their accommodation costs by moving to cities like Berlin or Lisbon is an obvious temptation. Christopher Haley whatsapp Share Read more: The cost of running a firm in London is starting to outweigh the benefitsLondon is already leading the charge when it comes to attracting new digital businesses and helping them grow. The new digital strategy should strengthen the resolve of such firms, despite the unknowns of Brexit.However, what the sector will be hoping to see in next week’s Budget are actions which reinforce the digital strategy, as well as the recent industrial strategy – such as a review of the tax environment for R&D that encourages businesses to invest in digital innovation to boost productivity, that doesn’t detract from existing investor incentives, and promotes corporate-startup collaboration as a mechanism for achieving scale. Anything which can tackle the capital’s cost of living would also be hugely welcome. read more

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Corbyn doesn’t want to replicate the City’s success – he wants to destroy it

The aim of rebalancing the UK economy and encouraging investment in other regions is a worthy one. And there are ways the government could help – infrastructure, devolution, and more listening to what local leaders and industries say they need.But make no mistake, this proposal is not about tackling regional inequality. It is about ripping the heart out of the City of London. If equality were to increase, it would be from dragging London down, rather than raising other areas up.This, we know, has been Labour’s aim all along. At the party conference in September, McDonnell told adoring crowds that Labour was “ready” for the chaos that would inevitably follow its election – a run on the pound, investor panic, and a potential economic meltdown. That same week, it was revealed that a Labour adviser and self-identified “cybernetic communist” was “war-gaming” crashing the economy, running online simulations of the revolution against neoliberalism.This may not be the intention of the vast majority of Labour voters or MPs, but it is the clear objective of the Corbyn-McDonnell leadership. Destroying London as a financial centre, by uprooting the Bank of England and eliminating the very qualities that make the capital so appealing to business, is a feature of their plans, not a bug.Labour heavyweights like Corbyn and McDonnell don’t want London’s success replicated in the regions, even if that were a possibility. They want it gone. They hate the City for its brilliance, its relentless charge towards the future, and yes, its economic might, while they remain stuck in the 1970s.Corbyn was right. His party is a threat – not just to the financial sector, but to the entire country.Read more: Exclusive: Labour to meet Morgan Stanley after Corbyn’s “threat” tweet Thursday 14 December 2017 10:11 am Rachel Cunliffe Share Corbyn doesn’t want to replicate the City’s success – he wants to destroy it Two weeks ago, Labour leader Jeremy Corbyn launched a scorching attack on the banking sector. In a video on Twitter, he responded to warnings from Morgan Stanley that his policies would be a “bigger risk than Brexit”, boasting both to the bank and to the wider financial sector: “you’re right, we are a threat”.Analysis of the economic risk posed by Corbyn and his socialist colleagues is inevitably dismissed as mainstream-media scaremongering. But, as the poet Maya Angelou so eloquently put it, “when someone shows you who they are, believe them the first time”.Corbyn and his shadow chancellor John McDonnell have been showing the country who they are for decades, with their support for the likes of Cuba’s Fidel Castro and Venezuela’s Hugo Chavez – leaders who destroyed their countries’ economic potential with excessive government control. They have made no secret of the fact that they consider crashing the economy a fair price to pay for the fantasy of their socialist ideology.Which brings us to this week, and the Labour party’s report on the UK’s financial system. It begins boldly, with the claim that “UK banks have helped to create a distorted economy”. Britain’s flagging productivity is raised, as is the equally legitimate issue of regional inequality.And then comes the solution: move the Bank of England to Birmingham. London is unique as a global centre.These words are spoken so often, both within the City and outside of it, that they have become a cliche. The old lady of Threadneedle Street, as the Bank is known, has resided at its current location for nearly three centuries. Suggesting its major functions should be moved is not just a non-starter in terms of cost, logistics, and practicality – it is an attack on the capital, and everything it stands for.The role of the Bank of England is to supervise the nation’s financial institutions and keep its finger on the pulse of the economy.Of course, the Bank already has regional offices, but moving the control centre away from the headquarters of the businesses and organisations it is meant to be monitoring is a recipe for disaster.No one really believes that shifting civil servants a hundred miles will replicate the unique ecosystem of the capital and spur a technological revolution in another city.At best, the major functions of the Bank would remain in the City, in practice if not formally, causing communication failures between London and other offices. At worst, the system would collapse, and the appeal of not only London, but also Britain, would diminish. But no other world-leading nation has its political capital, its financial centre, and its cultural heart all in the same city. The sectors feed and support one another, and a host of other professional services that have grown up around them: law, accounting, technology, insurance, consultancy, media.Read more: DEBATE: Should the Bank of England move from London to Birmingham?The concentration of these industries in one place, where you can travel from the boardrooms of top global banks to the seat of government in half an hour, is unlike anywhere else in the world.And it is this exceptionalism that makes London appear invincible as a global business hub, even with the uncertainty surrounding Brexit.Unfortunately, it is an exceptionalism the Labour party seems determined to destroy. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBlood Sugar Formula Famous MD: One Simple Method May Keep Your Blood Sugar Below 100 (Try It At Home) Blood Sugar Formula Student SeaBrock Lesnar’s Wife Is Hands Down The Most Beautiful Woman In The WorldStudent SeaThe Easy Blog by Breatheeasy.comFree CPAP Prescription Refill with AirCurve VAuto CPAPThe Easy Blog by Breatheeasy.comMarvelousaHealthy Foods We Forgot AboutMarvelousaAuto carLook: Top 5 best hybrid SUVs 2021 | AutocarAuto carHabit TribeCelebrity Couples Who Are In It For The Long HaulHabit Tribewhatyexpect.comThe Way You’re Currently Sitting Reveals Everything About Your Personalitywhatyexpect.comWorldemandThe One WD40 Hack You Aren’t Supposed To KnowWorldemandanymuscle.com20 Signs That Your Kidneys Aren’t Working Properlyanymuscle.com whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com read more

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Wanted: Tory candidate who gets London

Nominations for the Tories’ London mayoral candidate open this month, reminding us that London elections have been unkind to the Conservatives lately. The 2016 mayoral election, when Labour’s Sadiq Khan defeated Tory Zac Goldsmith 44 to 35 per cent on first preference votes – 57 to 43 with second preferences for other candidates counted – was no one-off, but part of a trend.Recent general elections also delivered bad news: the Tories scored 35 in per cent 2015, then 33 per cent in 2017 – a huge nine points lower than their national vote share – losing support in London each time while gaining nationally. It wasn’t always so. Tories did better in the capital 1979-1992, scoring a 45 per cent average over four general elections, two points higher than nationwide. The following four general elections, Tory support averaged 32 per cent citywide and 33 per cent nationally – lower overall, but still close to the national number. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOmgCheckItOutScientists Claim They’ve Finally Found Noah’s ArkOmgCheckItOutHabit TribeLittle Ricky from I Love Lucy is 67 & He Might Look FamiliarHabit TribeWebMD7 Common Dream Meanings You Should NEVER Ignore!WebMDHistory DailyIconic Vintage Images Not Published In History BooksHistory DailyFoodmzIf You Eat 3 Dates Every day For 1 Week This Is What Happens To Your BodyFoodmzLittle FriesIn 20 Hairdos, See Why Women Over 60 Should Try It ShortLittle FriesSchizophrenia | Search AdsSchizophrenia Symptoms That May Too Often Be OverlookedSchizophrenia | Search AdsDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasget Barnaby TownsBarnaby Towns was a campaign adviser to Conservative mayoral candidate Steve Norris in 2000 and 2004. Share What’s needed is a Tory who Londoners can vote for, with a distinct, deliverable plan.Steve Norris, whom the BBC described as a “Tory who ran as a liberal,” wisely stood apart from the populism-lite of his party’s leadership in 2000 and 2004; back then some Tories weren’t ready for his inclusive stance. Norris, a former London transport minister, also had policy gravitas.Boris Johnson stood under the banner of a modernised party in 2008 and 2012, winning its traditional core while polling beyond it. His critics, however, point to a rather lacklustre mayoralty, leaving a largely empty legacy – besides ‘Boris Bikes,’ Londoners struggle to identify achievements.London, with its high share of under-45, renter, minority ethnic, more highly-educated and Remain-inclined voters, abounds with Tory electoral weak-spots. A serious, hardworking Tory who appeals to them is a big ask, but surely worth a try. whatsapp Wanted: Tory candidate who gets London Professionally, each has London electoral experience. Kamall represents London in the European Parliament. Boff is a London Assembly member, as is Bailey. Greening, recently education secretary, held the Putney parliamentary constituency last year despite a big anti-Tory swing.All four are more closely connected to London’s socio-economic realities than 2016’s standard-bearer, the multi-millionaire heir to the Goldsmith dynasty’s fortune. In this, Zac Goldsmith contrasted sharply with Khan, the former solicitor turned government minister and son of a London bus driver who grew up in a Tooting council flat.Any Tory candidate would likely be loath to follow in Goldsmith’s undistinguished campaign’s footsteps with dog-whistle tactics weaponising Khan’s Muslim religion or, like three Tory council candidates last month, the mayor’s Pakistani heritage.Khan has adeptly distanced himself from Labour leader Jeremy Corbyn’s post-election missteps, including the politically costly anti-Semitism scandal. Contrasting with Corbyn’s European equivocations, Khan is unambiguously pro-European, doing the mayor no harm at all in this Remain city. But the new power in Labour’s land, Momentum, may cause him problems.Could a Tory prove equally skilled at campaigning without being weighed down by the clunky electoral baggage –for London – of the Windrush scandal, Brexit and nationalist rhetoric about “citizens of nowhere?” Even if they get a hearing from Londoners by moving beyond such toxic totems, what can they credibly offer to increase affordable housing, improve transport connectivity and cut crime? Tuesday 19 June 2018 4:39 pm whatsapp The ill-fated 2017 snap election gave Tories just 21 London seats – 29 per cent of the total – losing Battersea, Croydon Central, Enfield Southgate, Kensington, Kingston & Surbiton and Twickenham. Only Tony Blair’s 1997 and 2001 landslides yielded Tories fewer Greater London constituencies.Last month saw the Tories lose 101 London councillors net. Tory representation on London’s councils is the lowest since the boroughs’ 1965 creation. Today’s 511 London Tory councillors are fewer even than the previous record-low of 1994, one year after the pound was unceremoniously ejected from the Exchange Rate Mechanism.Tories retained flagship low council-tax authorities with reduced majorities, but more importantly for the mayoral election where votes, not seats, count, Labour won the popular vote in Wandsworth, and was merely two points behind them in Westminster.Tory defeat in London’s sixth mayoral election would confirm the capital’s status in the minds of many as a ‘Labour city,’ Boris Johnson’s narrow 2008 and 2012 wins over former mayor Ken Livingstone notwithstanding. Assuming continued Tory minority government rule at Westminster, and given mayor Khan’s high poll approval ratings, pundits have all but written off the Tories’ City Hall chances.Runners and riders touted so far do reflect the capital’s growing diversity, with which the party has struggled. Often mentioned are two minority-ethnic Tories – Syed Kamall and Shaun Bailey; and two gay politicians, Justine Greening and Andrew Boff. read more

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Open your eyes, Labour is more radically left than it’s ever been

first_img Tags: Trading Archive Opinion Bruce DearBruce Dear is head of London real estate at Eversheds Sutherland. When something new happens in politics, people like to pretend they’ve seen it before.Look at Jeremy Corbyn’s Labour party. In the City, lazy thinking about Labour is everywhere. Share Pub bores, from Leadenhall to Limehouse, will tell you that Corbyn’s party today is a just bad Betamax video of a 1970s-era Labour government.This is neon-lit nonsense. This Labour leadership is too left-wing for those 70s governments. For the first time in its history, Labour has become a socialist party, not just a party with some socialists in it.Labour is planning a radical venture to reinvent Britain from the bright-red Bennite left. Shadow chancellor John McDonnell has no doubt: “Our aim [is] to bring about an irreversible shift in the balance of wealth and power in favour of working people.” Try to imagine Tony Blair saying that – and feel the smack of new thinking.The party intends to overturn the Thatcherite consensus (privatisation, council house sell-offs, tax cuts) and redistribute wealth and power to the workers. Whether or not we agree with the project, we must recognise that it is a profound break with the past.Consider Labour’s programme, developed while the Conservatives broil in Brexit turmoil. whatsapp Companies with over 250 employees will be forced to transfer 10 per cent of their shares to an inclusive ownership fund (“IOF”), owned by their workers. The IOF will pay capped dividends to workers and the surplus to the government.A proposed “English Sovereign Land Trust” will compulsorily acquire the land banks of big developers – at much reduced prices – for social housing.Water, energy, rail and the Royal Mail will be nationalised.Together, these plans would potentially be the biggest shift in ownership and wealth ever attempted by a British government.As part of this revolution, worker control and employment rights will be massively expanded. Trade union recognition will be made universal, and everyone will get employment rights from day one. Companies will face an “excessive pay levy” if they pay their staff too much – the new windfall tax.center_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. These are not the reformist industrial policies of previous Labour governments. Even in 1945, the industries that Labour was nationalising were still under wartime government direction and often already part publicly-owned. Many of these nationalised industries went on much as before – “same bosses, different hats”, as Clement Attlee accepted.Today’s Labour party is proposing something far more radical. Nationalisation from the shop floor up was one of Tony Benn’s dreams, and his ideological disciples are now on the verge of attempting it.Labour’s far-left wing has risen from the “sealed tomb”, where Peter Mandelson hoped to suffocate it, and is neck-and-neck with the Conservatives.These people could soon be running the country. The City – and UK business nationally – should recognise this. Refusing to engage with a party that is potentially so close to power, and which has such a dramatic policy platform, is not an option.Business urgently needs a dialogue with Labour, both to argue for a rethink of some of the most damaging policies, and to engage positively where the party’s objectives make sense, such as with opportunities in social housing, infrastructure, and regional development. Tuesday 27 November 2018 4:26 am whatsapp Open your eyes, Labour is more radically left than it’s ever been The right must also respond to Labour, not with nostalgic name-calling, but with a proper policy agenda. Some politicians from the right are trying to develop new strategies to address inequality, but not enough – the country needs a full range of well-developed political ideas to choose from.Most of all, it is time to accept political reality. We must end the mood of denial and complacency which is preventing too many in the business community from seeing this radical new Labour party for what it is: the potential government-in-waiting. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth Postinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comlast_img read more

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