News / UK and world by Press Association January 24, 2019, 12:03 am Send us a story Sign up to our Daily newsletter Philip Hammond will urge companies to continue to invest in post-Brexit Britain as he uses a speech in Davos to say the UK is a “great place” to do business. The Chancellor is set to announce a £100 million investment to create 1,000 new PhD places across the UK for the next generation of Artificial Intelligence when he addresses the World Economic Forum on Thursday. It will be used to fund research into life-saving technology for NHS hospitals, improve voice-recognition software for business and consumers, and develop early-warning systems to protect people from pollution hotspots. The investment is part of a £7 billion fund the Government has committed to science and innovation since 2016. Mr Hammond is expected to say: “Britain is a great place to do business. “And we are determined, as we leave the EU, to make … [Read more...] about Philip Hammond to urge companies to invest in post-Brexit Britain
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0 Have your say IN June last year, I held a business and jobs roundtable. The overall theme was how we could boost economic opportunity for all in Bradford South. Bradford is a great city with a proud industrial heritage. Bradford has 1,200 manufacturing businesses, employing more than 25,000 people in the district, which accounts for 13 per cent of all employees locally compared with 8.3 per cent for Great Britain as a whole. We face a significant challenge with the inter-connected problems of low skills and low wages. In Bradford South, 15 per cent of the working-age population have no qualifications compared with the UK average of eight per cent. Many people do not have the skills they would need to access good-quality, well-paid and secure jobs.Yorkshire MP Judith Cummins says radical overhaul of nation’s skills policy is neededThe lack of skills makes Bradford a less attractive place for businesses to locate and invest in. A good example is Her … [Read more...] about Judith Cummins: We must invest in apprenticeships if cities like Bradford are to thrive
POLITICS 12/12/2018 01:10 pm ET The stock market is wild, but you don't need to go crazy. By Zach Carter It has been a wild few weeks for the stock market. On Dec. 4 the Dow Jones Industrial Average plummeted nearly 800 points. On Dec. 7 it rallied nearly 800 points. On Monday it fell 500 points, then recovered, ending the day in positive territory. Analysts and journalists have cited trade, Trump’s China deal, Brexit uncertainty, fears of an economic slowdown, a rudderless Fed and much else as the causes of this volatility, which isn’t confined to the stock market. Corporate bonds have been jittery for much of this autumn amid a rash of downgrades from credit rating agencies. Recently, commentators have been issuing ominous warnings about a dreaded inverted yield curve among U.S. Treasury bonds. “Are You Ready for the Financial Crisis of 2019?” asks one New York Times headline. Will you survive the “$9 trillion corporate debt … [Read more...] about Yes, You Should Be Worried About The Economy. No, You Should Not Panic.
The increasing possibility of a no-deal Brexit is causing much angst among British nationals living in France. Kalba Meadows from the campaign group Remain in France Together (RIFT) runs through some personal matters you might want to take care of before Brexit Day. 1. Think about moving money If you have bank accounts, savings or investments in the UK, consider moving them to France now. Sterling may drop suddenly in the case of a no deal exit; there may also be temporary problems moving money in and out of the EU. 2. Try to have a financial backstop 3. Consider your personal pension If you have a personal pension in the UK (this doesn’t apply to state or public service/occupational pensions) and have not yet retired, think about getting advice about how to deal with this and cashing it in if you’re old enough, or moving it. There may be issues with the rights of UK insurers/financial services providers to operate in the EU without having a formal … [Read more...] about Preparing for a no-deal Brexit: The personal matters you should take care of
0 Have your say Transport bosses in the North should be given the power to borrow money to invest in the region’s creaking railways, Liberal Democrat leader Sir Vince Cable has said. The York-born former Business Secretary told The Yorkshire Post the North’s rail network needs an “overhaul” as it is “terrible deficient and far too slow”.Speaking ahead of the Lib Dem conference, which begins in Brighton today, Sir Vince also suggested he was in favour of giving Transport of the North (TfN) powers to direct investment in northern infrastructure.And lifting controls over borrowing would free up cash more quickly to spend on improving railways which have been blighted by delays and overcrowding, “because at the moment Network Rail is being severely rationed in what it can actually do”.“The North of England has been starved of capital,” he added.Sir Vince said he had argued unsuccessfully during the years of … [Read more...] about Lib Dem leader Sir Vince Cable says Yorkshire should be allowed to borrow money to invest in the railways