Within the BSCC network there exists exstensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Skanska, and Grand Hotel Stockholm. Grand Hotel Stockholm The Grand Hotel Stockholm has recently garnered the esteemed title of "Northern Europe's Best Hotel." This accolade was bestowed upon them by the discerning editors at Conde Nast Traveller during the 2023 Readers' ...
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UK house price woes UK house prices have dropped for the sixth month in a row according to mortgage provider Halifax. The fall is a result of high interest rates deterring people from borrowing money and this massively reduces the ability to buy homes. The house price fall began in April and this trend has continued between August and September by 0.4%. Furthermore, the prices have fallen by 4.7% according to ...
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HS2 setback The UK’s high speed railway line between Manchester and London with branches to Birmingham and the East Midlands has suffered a major blow it its development with massive cuts set to take place in the coming weeks. HS2 was officially launched in 2009 and was projected to be the UK’s biggest infrastructure project, expected to completely transform public transport between London and the North and bridge the gap between ...
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On 4 October, we are welcoming participants to the final seminar of this year's Young Patrons’ Programme, Strategies in Uncertain Times. Hosted by Eversheds Sutherland, Michael Bahar and Ian Richardsson will discuss how managers can respond to the reality of global complexity and uncertainty. Further, we are looking forward to the YPP London delegation in November, which will include meetings and seminars with BSCC members. The YPP provides a stimulating learning ...
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Within the BSCC network there exists exstensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Diplomat Hotel, Volvo Cars and Westander. Diplomat Hotel Diplomat Hotel is reintroducing its famous Afternoon Tea service. You can now enjoy this delightful experience in their brand-new tea room, which is ideal for special occasions or simply indulging in some self-pampering. ...
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Rishi Sunak U-turn The UK has had various policies in place in order to meet its legally binding target of reaching net zero by 2050 such as the ban of sales of new petrol cars by 2030. However, Rishi Sunak announced this week a massive shift in policy regarding net zero policies including the push back of banning sales of new petrol cars from 2030 to 2035. Furthermore, Sunak loosened targets ...
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On Wednesday, 20 September the Chamber welcomed members to Nordea's head office in Stockholm for a lunch and financial outlook with Annika Winsth, Chief Economist, Nordea. Annika provided participants with a financial outlook of several countries, exploring the underlying factors contributing to their current situations, with a particular emphasis on the economies of Sweden and the United Kingdom. This presentation offered many valuable insights. Annika Winsth has been with Nordea since ...
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UK income gap Data published by the Office for National Statistics (ONS) this week showed that the income gap between London and the rest of the UK has reached a record disparity. National income in the UK is at £21,679, however the disparity between the UK as a whole and London is massive as in London the average income is 43% higher at £31,094. Wealth disparity between the UK’s capital and ...
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UK net zero setback The UK have ambitious targets for renewable energy schemes in order to fulfil their plans to reach net zero carbon emissions by 2050. One of the targets is to triple offshore wind capacity to 50 gigawatts by 2030. This target suffered a major blow this week as subsidy auctions for new contracts failed to attract any bids from offshore wind developers. Since 2010, Britain have attracted £120 ...
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UK economic outlook boost The UK’s economic narrative has been extremely pessimistic ever since the seemingly lacklustre post-Covid economic recovery. However, this week saw revised figures released by the Office for National Statistics (ONS) which contradicts this narrative. It was found that UK GDP in late 2021 exceeded pre pandemic levels rather than contracting. This is evident by revised ONS statistics which show that instead of GDP being 1.2% smaller in ...
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