Tag: Featured

    A majority of UK chief executive officers are considering moving their headquarters or operations outside the country, a KPMG survey has revealed, directly linking the sentiment to the Brexit vote and the uncertainty surrounding it. 69% of the CEOs are confident the British economy will grow over the next year. The KPMG survey was based on answers from 100 UK CEOs. These bosses run companies that earn between £100m ($129.8m) and £1bn in annual revenues. The survey found that 72% of the CEOs interviewed had voted in favour of "Remain" at the 23 June referendum. Now, 76% of them said they would look at some form of relocation post-Brexit. "CEOs are reacting to the prevailing uncertainty with contingency planning....Over half believe the UK's ability to do business will be di...

    The plan had been touted by some MPs as a potential way for the leader to repair relations within the party, but after the National Executive Committee put them on hold one senior Labour figure said it doesn't look good for them. A meeting of Labour's ruling executive has failed to agree on proposals allowing MPs to elect members of Jeremy's Corbyn shadow cabinet. Others claimed there could still be hope for the proposals, which leading moderate MPs urged Mr Corbyn to adopt after his convincing leadership contest victory. The plan, proposed by deputy leader Tom Watson, would have seen MPs given a say on who from among their ranks would sit with Mr Corbyn in the shadow cabinet. One senior backbencher said: "The PLP [parliamentary Labour party] offered to return to an electe...

    Cameron's ex-spin doctor reveals crisis talks between Cameron and May in the days leading to Brexit. Former PM David Cameron was prepared to stay on as Tory leader, but decided against it for fear of being led to the "slaughterhouse", a top aide has claimed. Cameron's former director of communications Sir Craig Oliver also suggests that the current UK prime minister, Theresa May, was seen by some members of the Remain campaign as an "enemy agent". In Oliver's book, Unleashing Demons: The Inside Story of Brexit, the former Tory aide says that May reluctantly "came off the fence" to support the Remain campaign during the EU referendum campaign, after Cameron became "visibly wound up" and rebuked her in tense phone conversations. "Suddenly he picks up his mobile and calls May...

    The bitter divisions between David Cameron and Theresa May over Brexit have been revealed in two books about the EU referendum campaign, in which May is described as lily-livered and an enemy agent by Cameron and his allies. Cameron’s director of communications, Sir Craig Oliver, says in his exposé of Downing Street that the former prime minister’s advisers used the nickname “Submarine May” because she never came to the surface to support his efforts. In extracts from Oliver’s book, Unleashing Demons: The Inside Story of the EU Referendum, published in the Mail on Sunday, Cameron’s chief spin doctor says the prime minister pleaded with May to “come off the fence” about Brexit. Oliver also describes how Boris Johnson “flip-flopped” between Leave and Remain before finally de...

    Deloitte said the gap between full-time working men and women was closing at a rate of just £0.025 every year. The gender pay gap in the UK will not close until 2069, according to research by financial services firm Deloitte. It said the findings were based on data from the Office for National Statistics (ONS), the UK's largest independent producer of official statistics. Achieving this 53 years from now translates to 99 years from 1970, the year when the UK introduced The Equal Pay Act 1970. This was enacted to prohibit any less favourable treatment between men and women in terms of pay and conditions of employment. Deloitte's report said that progress towards achieving pay parity has been slow. It said the hourly pay gap between full-time men and women employees was redu...