- Monday, 27 November 2017
- News
UK launches plan for industry as Brexit looms, wins Merck investment
The British government launched a new strategy for industry on Monday, aiming to intervene in key sectors to tackle weak productivity and bolster businesses to counter any new problems caused by Brexit. Prime Minister Theresa May first flagged the plan in January, seven months after Britain voted to leave the European Union, adopting a hands-on approach to business that had largely been abandoned by her predecessors from the time of Margaret Thatcher in the 1980s.
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- Friday, 24 November 2017
- News
Ten days to crack Brexit deal, EU tells May
The European Union handed Prime Minister Theresa May a 10-day “absolute deadline” to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit. Without a deal next month, time will be very tight to agree arrangements before Britain leaves the EU in March 2019, adding to pressure on businesses to avoid potential losses and move investments. “We need to see progress from UK within 10 days on all issues, including on Ireland,” European Council President Donald Tusk tweeted after meeting May in Brussels for one hour following an EU summit.
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- Wednesday, 08 November 2017
- News
UK firms to offer higher pay as Brexit deters EU workers
British employers are having to raise their pay offers in the face of growing recruitment problems, two surveys showed on Wednesday, following a fall in the number of European Union workers since the Brexit vote. Stronger pay growth would ease a big problem for Britain's economy -- wages lagging inflation -- and could add to the case for further interest rates hikes by the Bank of England, which last week raised rates for the first time since 2007. The Recruitment and Employment Confederation said its monthly survey showed starting salaries rose in October at the second-quickest rate since November 2015. "
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- Monday, 23 October 2017
- News
UK business chiefs unite to demand urgent Brexit transition deal
UK business leaders have united to urge David Davis to quickly establish a Brexit transition deal that mirrors existing arrangements or risk losing British jobs and investment. In a letter to the Brexit secretary seen by the Guardian, five of the UK’s biggest business lobby groups said time was running out for the government to strike a transition deal before firms start to rein in spending plans as they finalise budgets for 2018 and prepare to implement contingency plans for Britain’s departure from the EU.
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