Business and Economics

Regulators need to undergo a cultural change if we are to avoid sleepwalking into the next financial crisis, a new report has found. The study by Cass Business School for New City Agenda revealed that the Prudential Regulation Authority (PRA) and Bank of England need to go much further to improve transparency and engage with the public, and that the new Financial Conduct Authority (FCA) chief executive Andrew Bailey will need to demonstrate his independence from politicians and the financial...

A senior city worker is facing a jail term after sexually assaulting two women at the company’s main office, during drinking sessions described as “Wolf of Wall Street-style.” Anthony Constantinou, head of financial group Capital World Markets (CWM), treated one of his victims "like a piece of meat". The 34-year-old pushed a lump of hot wasabi paste in her mouth, and told her she had a "cracking a*** and pair of t****" before forcing his tongue into her mouth. He...

This will be music to the ears of staunch Brexiteers, but will terrify everyone else. The EU council president, Donald Tusk, has said that there is only one type of Brexit…and it’s a Hard Brexit. Tusk rejected Boris Johnson’s claim that the UK would end up with a better deal with the EU than it has now. Donald’s remarks are the first time he has taken such a hardline against the UK. This comes as there are various reports US...

The digital world is not a safe place and a huge increase in scams and online attacks, show that financial fraud in the first half of 2016 increased 25 per cent to £399.5 million. The figures were released by Financial Fraud Action (FFA UK) today and the sums of money that are being swindled on a daily basis, on-line, are astonishing. However, the amount of money that is actually attempted to be stolen is much larger. On-line security systems at...

Brexit has already proved hugely divisive - to the point where the unity of the United Kingdom is once again in question - but it is also presenting golden opportunities for those able to position themselves on the right side of history. It is, however, hard to see how metropolitan London - as a global finance and business hub - is going to gain from the sort of ‘hard’ Brexit that is currently being championed by the hard-liners to Theresa...

This news must panic even the most ardent of “Brexiteers,” as a leaked Treasury document would destroy the UK economy. The fall that has been predicted would damage jobs across the country and send business to the wall. The report was shared with The Times and suggests that GDP might fall to almost ten per cent if the UK leaves the European project and opts to follow World Trade Organisation rules. The paper was published by the ex-Chancellor George Osborne...

As the Conservative party conference appears to be ratcheting up the anti-EU sentiment within the party, a ‘hard Brexit’ seems more likely, even though, ironically, some of the conference centre was actually funded via EU cash. The anti European hyperbole and Theresa May’s fears of being attacked by the right of her party, led her to reveal that article 50 will be invoked by March 2017, this means the UK will be out of Europe by 2019. However, there may be...

The SABMiller takeover of AB InBev will lead to less choice and higher prices for consumers, according to a leading expert. John Colley, of Warwick Business School, said cost rationalisation will mean substantial redundancies amongst SAB Miller staff and higher costs passed on to consumers because of the lack of competition. Although the merger is likely to line the pockets of the shareholders, Colley said customers will not see any benefit as "greater brewer market power is more likely to...

Whether you are a small business owner or large corporation, it’s always beneficial to determine new ways to make your business more efficient. The more efficient your business is, the more productive your business becomes. The more productive your business becomes, the more capable you are of expanding to the next level. Higher efficiency also leads to higher employee satisfaction creating a more friendly, collaborative environment, which leads back to higher efficiency. See where this is going? Here are 6...