27 February 2018
Edinburgh has been adjudged the UK’s most appealing city for inward investment in a study conducted by global design and engineering consultancy Arcadis.
Based on six elements deemed crucial for attracting future foreign investment – business environment, workforce skills, infrastructure, housing, ‘place’ and city brand – the report, ‘Investing in Britain: Cities Built for the Future’, assessed 24 cities across the country.
Edinburgh emerged top of the rankings largely because of its strong economic performance, its high proportion of skilled and educated workers, and its strong sense of ‘place’.
The leading university cities of Oxford and Cambridge occupied second...Read More
26 February 2018
LONDON (Reuters) - Prime Minister Theresa May will cap the energy bills of 11 million British households for as long as five years under a new law introduced to parliament on Monday, aimed at tackling what she describes as “rip-off” energy prices.
The new legislation will force the energy regulator Ofgem to cap electricity and gas prices until 2020 when the regulator will recommend whether it should be extended on an annual basis up to 2023, the government said.
The government said that some customers are being charged more than 300 pounds than they should be, and the cap will apply to...Read More
21 February 2018
Growth is expected to continue in the Serviced Apartment sector this year with an estimated 2,000 new units opening in the UK.
The Association of Serviced Apartment Providers (ASAP) – the not-for-profit trade body for the serviced apartment sector – reports that the strong growth of the sector is on track to continue in 2018 with more than 2,000 new units set to open during 2018, representing a nine per cent* increase on current stock in the UK.
Openings this year include Staycity’s Aparthotels in London, Cycas Hospitality’s Staybridge Suites Manchester as well as a Residence Inn London...Read More
16 February 2018
Wishing you prosperity, happiness and good health for the year of the dog!Read More
14 February 2018
LONDON (Reuters) - Government delays, uncertainty and under-resourcing have left the British borders and immigration system unprepared for Brexit, according to a parliamentary report on Wednesday.
Lack of clarity over immigration intentions is creating anxiety for EU citizens in the UK and putting already overstretched immigration officials in an impossible position, it added.
“The government does not seem to appreciate the immense bureaucratic challenge they are facing or how much time and resources they need to plan on Brexit,” it said.
The report by the House of Commons Home Affairs Committee criticized delays in publishing a so-called White Paper outlining the government’s post-Brexit...Read More
12 February 2018
LONDON: Wall Street bank Citigroup Inc <C.N> will set up an innovation centre in London in one of the first investments by a big U.S. bank since Brexit, the Financial Times reported on Sunday.
Citi will initially hire 60 technologists for the centre, James Cowles, chief executive Officer for Europe, the Middle East and Africa (EMEA), told the FT.
The company could not be immediately reached for comment.
The centre in London will also house the EMEA unit of Citi ventures and employees from across the company’s businesses, in a boost for UK’s financial services sector ahead of Brexit, the FT reported. (Read More
09 February 2018
Nearly half a million Londoners are now “property millionaires” as the number of homes worth £1 million shot up across the country, according to new research.
A staggering 430,720 of about 770,000 properties in Britain valued at at least £1 million are located in the capital, according to website Zoopla.
The postcode with the most million-pound properties was SW6, covering Fulham and Parson’s Green with 14,020.
Next was NW3, covering Belsize Park and Hampstead, with 12,500, and then N1, which takes in Islington and parts of Shoreditch, with 11,301.
There are now 768,553 homes across Britain valued at at least £1 million, according to...Read More
07 February 2018
In the United Kingdom, two recent developments have the potential to negatively impact companies employing foreign nationals.
First, the UK government has announced that sometime this year the Immigration Health Surcharge (IHS) will increase from £200 to £400 per year. Similarly, the discounted IHS for Tier 4 students and those on the Youth Mobility Scheme (Tier 5) will also rise from £150 to £300 per year. Introduced in 2015, the IHS is levied on those foreign nationals from outside the European Economic Area coming to the UK to work, study, or re-join family for six months or longer.
Second, the supply of...Read More
05 February 2018
After a three-day trade visit to China, Prime Minister Theresa May left the country having secured deals worth more than £9.3 billion for British businesses.
Prime Minister Theresa May left China on Friday after a three-day trip that she said marked the “opening new chapter” in Sino-UK relations and which had secured deals worth more than £9.3 billion for British businesses.
Mrs May’s upbeat assessment of the trade mission was echoed by President Xi Jinping who said he planned to upgrade the “golden era” in relations between the two countries.
According to Chinese media reports, Mr Xi told the prime minister when they...Read More