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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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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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 27 June Swedish Foreign Minister Tobias Billström and British Foreign Secretary James Cleverly participated in a public seminar, sharing their perspectives on the current security challenges facing Northern Europe. The Foreign Ministers reflected on the consequences of Russia’s full-scale invasion of Ukraine and how it has impacted Anglo-Swedish cooperation in the fields of foreign and security policy. They also addressed Sweden’s path to NATO membership, the support for Ukraine, ...
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Bank of England Raises Interest Rates The Bank of England (BoE) has increased interest rates to 5.0% following a widely unexpected 50bps raise. Andrew Bailey, the BoE governor, outlined his commitment to using monetary policy to reduce inflation and stated that “We’re not expecting, we’re not desiring a recession, but we will do what is necessary to bring inflation down to target”. This now represents the UK’s highest interest rate since ...
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