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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On 31 August, Carl Bildt, former prime minister and Co-chair of the ECFR`s council, delivered a keynote address during the annual event hosted by the BSCC. This gathering, made possible through the generous sponsorship of BNP Paribas and Volvo Cars, provided a platform for Bildt to engage the audience in a thoughtful discussion on contemporary global issues.
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Migration concerns in the UK The cost of the UK’s asylum system has jumped to almost £4 billion in the last 12 months as a result of record backlog and processing issues. The costs have been exacerbated by a rise in asylum seekers awaiting initial decision with 134,046 cases still under review (35% rise compared to last year). This backlog has proved to be extremely costly with over £6 million is being spent per day accommodating asylum ...
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We are delighted to introduce are newest members Springy, InPress, Westander, Astute Electronics, EMEA Recruitment. Springy operates as a dynamic marketplace, connecting local businesses with professionals in need of workspaces. By doing so, it not only helps businesses optimise costs but also opens up new audiences. Through an intuitive platform, Springy simplifies the workspace search, promoting collaboration and innovation. This approach transforms Springy into a growth catalyst, bridging businesses and workspace seekers while nurturing connections in a ...
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Every Tuesday we will be welcoming members to our office for a breakfast catch up. During the breakfast we look forward to learning more about your industries and what we can do to support, promote and refer you to relevant members. This is a great opportunity to make sure you get the most out of your membership whilst enjoying a lovely breakfast. Please feel free to send an email to ...
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On 12 September we were delighted to welcome members to a breakfast seminar on the Legal Insights on AI hosted by TM & Partners. The seminar was led by Alexandra Rosell and Karolina Kjellberg, senior associates, and part of the firm's Tech group. Alexandra and Karolina highlighted that rigorous fulfilment of regulatory requirements related to information security lay the foundations for an effective use of AI tools with more reliable ...
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