Conservatives split over immigration policies Division within the Conservative party exacerbated this week just before the vote on legislation aimed to revitalise plans to send asylum seekers to Rwanda. The original deal was announced in April last year where some asylum seekers arriving in the UK would be sent to Rwanda for processing and they could be granted refugee status upon arrival. The government had announced plans that anyone after 1 ...
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Saudi PIF and Ardian heavy investment Ferrovial announced this week that it would be selling its 25% stake in Heathrow airport for £2.4 billion. The stake will be acquired by Saudi Arabia’s sovereign wealth fund who will take a £1 billion stake along with one of Europe’s biggest private equity groups (Ardian) who will buy 15%. Ferrovial are selling after ownership for 17 years with executives growing frustrated at regulations after ...
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UK Investment Boost Over 200 executives are set to attend a summit in London this week including Goldman Sachs Chief executive David Solomon. At the summit, designed to showcase the UK’s appeal to investors, Rishi Sunak will announce that the Uk have been pledged £30 billion in investment pledges by international companies. The bank of England has forecasted the Uk economy will flatline until 2025 and this summit will showcase the ...
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Within the BSCC network there exists extensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Springy, Bonde Advokater and Mannheimer Swartling. Springy Springy has recently been chosen by Svenska Dagbladet and Carnegie as one of the ten finalists in this year’s Future Entrepreneur 2023 competition. This is a noteworthy achievement that recognizes their innovative approach to ...
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Huge UK infrastructure boost The UK government announced this week that up to 55 areas would be allocated almost £1 billion of the ‘levelling up fund’ which aims to bolster the economic growth and prospects in struggling areas. This flagship fund was created by former Prime Minister, Boris Johnson and this injection into the UK economy will give grants of around £20 million to each area selected. Levelling up secretary, Michael ...
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Political reshuffling British home secretary, Suella Braverman was sacked this week after she criticised the police for being too lenient towards Pro-Palestinian protesters which piled on the pressure for Rishi Sunak to make the move. This move has resulted in a major reshuffle with former foreign secretary, James Cleverly replacing Braverman at the Home Office. However, the biggest surprise came as former Prime Minister David Cameron was announced by Sunak to ...
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UK house prices rise The UK house prices have been dropping since April this year and only last month they were 5.3% lower than what they were a year before that. For the first time in months, house prices unexpectedly rose by 0.9% which is as a result of the lack of properties to sell according to mortgage provide, Nationwide. Nationwide’s chief economist stated that the rise in October reflected the ...
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UK shop price inflation lowers Falling prices in items like homegrown food has seen UK shop price inflation fall to its lowest rate in over 12 months. The British Retail Consortium announced this week that annual shop price inflation dropped to 5.2% from 6.2% just last month. This has meant that it is the fifth month in a row in which it has fallen as a result of homegrown produce like ...
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The Swedish Parliament has approved a new law aimed at safeguarding national security by scrutinizing foreign direct investments. This law, effective from December 1, 2023, covers sensitive sectors like critical infrastructure, defence, and security-related activities. It grants the authority the power to review and potentially prohibit foreign investments affecting Sweden's security interests. Foreign direct investments in sensitive sectors will face mandatory scrutiny, even if the investor is Swedish. The Inspectorate of ...
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UK rent disparity Official date shows the extent of the rent crisis in the UK and how unaffordable it is. This is demonstrated by how data shows that in the last 18 months, housing costs in London accounted for 35% of the income of those tenants living there. This huge part of tenants’ income is equal to around £1,450 per month and is the only region where the percentage of income ...
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