LSBF Blog - Global Matters

UK government called on to offer more support for exports

June 24 ,2015 | by Thiago Kiwi

Cole Commission report urges UK government to further support and fund small exporters to help reach £1 trillion goal.

The UK’s government has been called upon to improve British exports by a new report, which suggests cabinet-led action to make it easier to support businesses. Commissioned by the last Labour opposition, the study said that improving UK exports was a “huge task” that should not be underestimated.

Read more >>

Share on Facebook Share on LinkedIn +1

UK productivity growth predicted by Bank of England

June 23 ,2015 | by Hari Sri

Bank of England deputy governor Jon Cunliffe forecasts improvement in Britain’s productivity as reserve of spare labour runs out.

The solution to Britain’s productivity problem could be just around the corner, according to Jon Cunliffe, the Bank of England’s (BOE’s) deputy governor for financial stability. He predicts that productivity in the UK is set to gradually increase as the economy’s spare labour capacity dries up.

Speaking in Luton, Mr Cunliffe outlined how several factors were aligning to suggest that productivity growth in Britain would resume after eight years of contraction.

Read more >>

Share on Facebook Share on LinkedIn +1

Markets in Europe ride wave of optimism higher

June 22 ,2015 | by Claire Payne

European stock markets surge on renewed optimism over the Greek debt crisis.

Equities in Europe took a positive turn after new developments in the ongoing Greek debt crisis on Monday 22nd June. Hopes for a coming deal between the heavily indebted nation and its European creditors soared on news that Greece had submitted a new reform proposal that sought a compromise on key issues.

Read more >>

Share on Facebook Share on LinkedIn +1

India to create IPO platform for startups

Market regulator of India, Sebi, will create a platform to help startups get listed and raise funds.

India’s market regulator, the Securities and Exchange Board of India (Sebi), will be implementing new changes to help startups access funding and go public. The plans will embrace current technology to create a new electronic system for startups that wish to embark on their initial public offering (IPO).

Read more >>

Share on Facebook Share on LinkedIn +1

Best British tech startups grow six times faster than UK businesses

The UK’s hottest tech startups part of London Tech City’s Future Fifty are growing at six times the rate than other UK businesses.

Startups that are part of Tech City’s Future Fifty, some of the UK’s leading digital businesses, have been found to be growing at a rate that is six times faster than the national average.

Read more >>

Share on Facebook Share on LinkedIn +1

Asia has become the world’s second-richest region

June 18 ,2015 | by Hari Sri

The Asia Pacific, excluding Japan, surpassed Europe in terms of private wealth, says Boston Consulting Group report.

Asia surpassed Europe to become the world’s second-richest region in terms of private wealth last year, according to new research. Private wealth in the Asia Pacific, which excludes Japan, grew by a steep 29 per cent in 2014 to nearly £30 trillion. The stellar rise was aided by increase in the number of millionaires in India and China.

Read more >>

Share on Facebook Share on LinkedIn +1

Does technology create or destroy jobs?

Many claim new technological advances pose a threat to employment as real people are replaced by software - but is this really the case?

Those who believe that technology is having a detrimental effect on jobs often point to industries like manufacturing, where machines are now carrying out the work that people used to do. A more recent example is the services industry, with the introduction of self-checkouts.

Read more >>

Share on Facebook Share on LinkedIn +1

UK SME growth rate at highest level since 2008, says report

Small businesses in the UK are growing at their fastest rate in seven years, says Enterprise Research Centre report.

The UK’s population of small and medium-sized enterprises (SMEs) is growing at its fastest rate of growth since the financial crisis in 2008, according to new research.

Published today, June 17th, the Enterprise Research Centre’s (ERC’s) report claimed that the private sector in Britain saw more than 600,000 new jobs added in 2014. Small businesses in the UK have now regained “the ground lost” in the recession as the economy continues to flourish.

Read more >>

Share on Facebook Share on LinkedIn +1

“Tech hub of Europe” sees launch of London Technology Week 2015

London Technology Week 2015 launches, with Mayor Boris Jonhson attending, as research shows the UK capital is the tech hub of Europe.

The burgeoning tech scene of the UK’s capital was confirmed to be the best in Europe by new research, which was published to celebrate the opening of London Technology Week. The event is set to last all week, scheduled until Sunday, 21 June.

In fact, London was the premier choice for almost three times as many tech startups as the next attractive city Paris. Over 1,000 tech startups came to London between 2005 and 2014, nearly triple the 381 startups that set up shop in Paris.

Read more >>

Share on Facebook Share on LinkedIn +1

UK wage growth forecast to hit seven-year peak, forecasts study

June 15 ,2015 | by Hari Sri

Wages in Britain will increase at fastest rate since the 2007 financial crisis, predicts independent thinktank.

When official figures are published later this week, workers in the UK are likely to see that real wages have grown at their fastest rate since before the financial crisis, according to a new forecast.

Independent thinktank Resolution Foundation expects that the coming release of employment figures will show that average weekly wages grew by 2.5 to 2.6 per cent in April this year, when compared with the same month last year. If we take into account that inflation has been near zero for the last few months, then real wages rose between 2.5 to 2.7 per cent - a near eight-year high.

Read more >>

Share on Facebook Share on LinkedIn +1

Higher education in Britain is "high growth export", says new report

June 12 ,2015 | by Thiago Kiwi

The UK economy could receive a welcome boost from exporting the higher education sector as a whole, says Universities UK research.

Higher education plays an essential role in the UK’s economy, supporting the uptake of skills while driving innovation and attracting investment and talent. New research this week from Universities UK shows that education exports offer a valuable contribution to Britain and its economy, creating a high-growth industry in its own right.

Read more >>

Share on Facebook Share on LinkedIn +1

Google announces plans to improve 3.5bn city dwellers’ lives worldwide

A plan to craft a business out of creating solutions to big-city problems has been unveiled by Google.

Internet search giant Google announced the launch of a company devoted to tackling the problems experienced by the world’s 3.5 billion city dwellers. The new subsidiary, Sidewalk Labs, will concentrate on developing and incubating urban technologies that can be implemented in cities across the globe.

Read more >>

Share on Facebook Share on LinkedIn +1

George Osborne wants to ban deficits in UK budgets

June 10 ,2015 | by Thiago Kiwi

UK Chancellor George Osborne will announce plans to create a law banning future governments from running a deficit.

The UK’s chancellor of the exchequer, George Osborne, will use his yearly speech at Mansion House the evening of June 10th to announce plans to introduce a law that forces future governments to run a budget surplus. It will effectively require governments to stop spending all the taxes and money it collects in “normal” economic conditions, instead saving some for times of hardship.

Read more >>

Share on Facebook Share on LinkedIn +1

Online shopping forecast to grow by £320bn by 2018

Research suggests collective value of online shopping in US, China, UK and Germany will double by 2018 to £645 billion.

The four largest online shopping markets in the world will continue to grow over the next three years, with new research suggesting that the size of the market will double to £645 billion by 2018.

Read more >>

Share on Facebook Share on LinkedIn +1

British economy exceeding expectations, says CBI

June 08 ,2015 | by Hari Sri

The UK’s economy is on a “firm footing” after growing faster than predicted in 2014 according to CBI forecast.

Britain’s economy has nothing to worry about, despite a slight downgrade in recent growth forecasts. In fact, the UK’s economy is on a “firm footing” after growth in 2014 surpassed expectations. Predictions point towards solid, steady and sustainable growth in 2016, according to the Confederation of British Industry (CBI).

Read more >>

Share on Facebook Share on LinkedIn +1

Health tech startups growth will not dwindle, say experts

Data-oriented health tech startups grow in strength as experts note that the recent boom is no bubble.

The number of health-focused companies that utilise data analysis techniques is not likely to decline any time soon, according to a panel of speakers from health technology companies at the Wisconsin Entrepreneurs’ Conference. Meanwhile, the surge in these startups is driving a wave of recruitment of some of the internet’s top talent.

Read more >>

Share on Facebook Share on LinkedIn +1

UK government to sell off 30 per cent Royal Mail stake

June 05 ,2015 | by Helen Gould

UK Chancellor George Osborne announces plans to sell off government's remaining 30 per cent stake in Royal Mail.

In a bid to further reduce the budget deficit, UK chancellor George Osborne revealed plans to sell the remaining 30 per cent stake in Royal Mail. The shares are currently worth £1.5 billion and the sale will begin later this year, Mr Osborne announced on Thursday.

The plans were detailed alongside £3 billion worth of debt-reduction measures, which highlight the Conservatives' pledge to wipe out national debt.

Read more >>

Share on Facebook Share on LinkedIn +1

Support students to study abroad, says former UK Universities Minister

June 04 ,2015 | by Thiago Kiwi

Speaking at the Going Global conference, former Universities Minister David Willetts called for funding support for students looking to study abroad.

The Treasury should extend student loan funding to support students who wish to complete some of their studies abroad, according to David Willetts, the former Universities Minister. Speaking at the British Council’s Going Global conference this week, Mr Willetts lamented the lack of progressive funding schemes like those found in “enlightened” countries such as Norway.

Read more >>

Share on Facebook Share on LinkedIn +1

City of London to see 10 years of job growth

June 03 ,2015 | by Hari Sri

The UK’s capital is set to experience a decade of jobs growth, while an increase in investment sparks hiring from tech startups.

Hiring from finance and technology companies will soar over the next decade in a post-financial crisis boom, according to new research. Meanwhile, surging venture capital investment is expected to boost hiring at British tech startups.

Read more >>

Share on Facebook Share on LinkedIn +1

Every cyber attack costs businesses £1.46m, says report

Businesses see costs of cyber attacks more than double to £1.46 million on average in the past year.

Cyber security breaches in UK businesses are rising once again and the average costs incurred by a break-in continued to soar. In fact, the average starting costs of the worst single breach suffered spiked higher for all sizes of businesses and more than doubled for most, according to a government-commissioned report from PwC.

Read more >>

Share on Facebook Share on LinkedIn +1

Work experience most valuable criteria to employers, says report

June 02 ,2015 | by Helen Gould

Leading employers rate work experience as the most valuable asset in graduates, says Universum study.

Work experience is “the most popular qualification among those presented” and is valued more highly than grades achieved or the university attended by graduates. In fact, 58% of employers said work experience and sport impressed them the most, according to new research.

The survey of employers, conducted by Universum - a specialist in employer branding analytics - found that the second-most important aspect was a student’s personality (48% picked this) and only 16% looked for grades from a prestigious university. Merely 15% of respondents favoured a degree from a specific university over anything else. 

Read more >>

Share on Facebook Share on LinkedIn +1

UK finance workers witness strong growth in job market

June 01 ,2015 | by Hari Sri

Employees in the UK’s financial services are experiencing a robust increase in career opportunities.

An increase in permanent vacancies and growing average salaries, it’s all good news for those employed in financial services in the UK, according to reports from recruitment agencies. Furthermore, we should expect to see rising staff turnover this year as the number of alternative jobs appears to be climbing.

Read more >>

Share on Facebook Share on LinkedIn +1

Statistics show gap between male and female graduate salaries at 17%

June 01 ,2015 | by Erin O’Neill

A new study reveals that female graduates could be earning 17% less than male counterparts. Why are women at a disadvantage in the work place?

The new data, crowdsourced from over 49,000 individuals, revealed a number of statistics illustrating the pay gap between the genders. 

CEO of Emolument.com, Thomas Drewry said: “The gender gap in salaries is a real issue in the UK today, and only by having a level of transparency will we start addressing the problem.”

 

Read more >>

Share on Facebook Share on LinkedIn +1

UK innovation hotspot lies outside London, shows research

New statistics have shown that London isn’t the land of innovation we once thought it was.

The UK’s supposed reliance on London was further quashed when new research showed that innovation is spread widely throughout country. In fact, in terms of creation of new technologies, London is way down the list in 25th place, according to the Enterprise Research Centre (ERC).

Read more >>

Share on Facebook Share on LinkedIn +1

Banks compete for prized Barclays broker mandate

Barclays is considering replacing its corporate brokers not long after appointing John McFarlane as new chairman.

Banks are hurrying to throw together a pitch to become the broker of Barclays, after the bank announced it was putting its broking mandate under review. The group’s current corporate brokers Deutsche Bank and Credit Suisse have been invited to repitch for the position, but will face competition from Bank of America Merrill Lynch, JPMorgan, Goldman Sachs and UBS, according to CityAM.

Read more >>

Share on Facebook Share on LinkedIn +1