Rising Inflation The month of October experienced a ‘bigger than expected’ 4.2% jump in inflation amid fresh calls for the Bank of England to raise interest rates. This outpaced the previous months 3.1% increase and marks the highest rate of inflation in 10 years for the UK. Two of the main causes of this are the surging fuel and energy bills faced by the British public over recent weeks. The RAC, ...
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On Wednesday 17 November the BSCC and Centigo had the pleasure of co-hosting, HM Ambassador to Sweden Ms. Judith Gough for a breakfast seminar on the British Governments take-aways from COP26. Ms. Gough began by using the glass half full analogy to describe the Government’s viewpoint on COP26 as a whole. Whilst she iterated that the climate conference did not fulfil all of the Government’s aims, significant gains were made in ...
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COP26 Summary The new global “Glasgow Climate Pact” has emerged from the COP26 Summit and was welcomed by many but also faces expectations for increased contributions going forward. The document is not legally binding but sets an international agenda on climate change, it focuses upon: Emissions – meeting next year to pledge further CO2 cuts and keep temperature increase within 1.5C Coal – first COP conference with explicit plan to reduce ...
Read MoreMinister of State in the Foreign, Commonwealth and Development Office (FCDO), Amanda Milling would welcome the opportunity to engage with businesses from the British-Swedish Chamber of Commerce during her visit to Norway and Sweden. The minister’s responsibilities within the FCDO include trade, science & technology, the Arctic and Asia – all areas on which the UK and Sweden should work closely together. The minister will share her reflections on COP 26, in particular what it means ...
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On 10 November the BSCC had the pleasure of co-hosting an event on cyber security with PA Consulting at their Stockholm offices. The main speakers were PA Consulting’s Carl Nightingale, partner and cyber security specialist, and Anders Herrström, management consultant. Mr. Herrström began the event by discussing examples of cyber security vulnerability and attacks within the retail and commercial sector and financial services, namely COOP and SolarWinds, highlighting the expensive nature ...
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COP26 First Week The first week of COP26 in Glasgow has been completed, with proceedings set to conclude this Friday (12th November, having featured 25,000 delegates from 200 countries. Around 120 heads of state made appearances at the summit which was opened by HRH Prince Charles. However, China’s Jinping and Russia’s Putin were not in attendance and the BBC has reported that other countries have been lobbying to protect fossil fuel ...
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The Autumn Budget, released on 27 October 2021, by the Chancellor of the Exchequer set out the government’s tax and spending plans for the year ahead. At present the level of inflation is around 3.1% and the UK economy is recovering better than the OBR had previously expected: with a recovery to pre-COVID levels now by 2022. Other healthy signs include the economic growth for the year expected to be ...
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COP26 The first day of COP26, in Glasgow, started with Sir David Attenborough warning world leaders that “the world is looking to you” in an emotional speech; India also committed to net achieving net zero emissions by 2070 which is the first time that the global power has made such a pledge. However, this extends 20 years beyond the summit’s 2050 deadline and is even 10 years longer than China’s 2060 ...
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Last week on Friday our Patron company Volvo Cars held their much-anticipated listing on the Stockholm stock exchange. The market reacted warmly to the IPO, which had been substantially oversubscribed, and the stock went up by 22% on its first day of trading. Anglų kalbos kursai ir vaikų dienos vasaros stovyklos Kaune, Vilniuje, Klaipėdoje https://intellectus.lt/dienos-stovykla/. The IPO was Europe's largest for 2021 and was Sweden's second largest ever at ...
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On October the 28th, the BSCC had the pleasure of organising an industry focus event with SAAB’s CEO Micael Johansson, at their offices in Stockholm. Mr. Johansson began the talk by discussing some of the current global market drivers, centring on among other things AUKUS, the EU’s open strategic autonomy, tensions in the South China Sea, and technological development. After discussing SAAB’s commitment to protecting societies and openness, Mr. Johansson laid ...
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