In the news today…
- Theresa May seeks meeting with Trump before inauguration: PM anxious to persuade US president-elect not to tear up global trading rules. Speech: PM speech to the Lord Mayor’s Banquet: 14 November 2016
- Brexit news – ‘There is no plan’ for Brexit, leaked memo says and the process will be more complicated than expected. UK faces hefty Brexit bill as EU negotiators take tough stance. Whitehall is ‘struggling to cope with scale of work arising from Brexit vote’. London job losses are expected with the removal of euro-denominated clearing, with an inevitable knock on effect on employment.
- Property – Sharp fall in London office building, survey shows: Take-up of new space also drops because of ‘subdued’ lettings in financial services. Stamp duty reforms are damaging property market and cutting tax take
- NHS – savings plans ‘being kept secret’, says King’s Fund. MPs given a vote on under-pressure NHS budget: Plans for parliament to debate and hold non-binding votes on departmental budgets. NHS IT blunder sees system clogged after email sent to 1.2 million employees
- Technology – Hackers target millions of Britons using porn sites. Facebook has admitted buying stolen passwords on the dark web to keep its users safer. Facebook to stem its flood of fake news that favoured Trump
Topics to watch
- Internet of Things – Samsung targets pole position in auto-tech sector
- Technology in Central & Eastern Europe: Technology & Innovation
- Press will not face punishing legal costs – MPs will vote today on an amendment to the Investigatory Powers Bill that could force newspapers to pay millions of pounds.
- SFO to decide whether to file Barclays charges by March
Government Consultations and Announcements
- Daily News 14 / 11 / 2016 – financial technology, consumer protection