Daily Archive: November 15, 2017

Nov
15

Poor productivity outside south-east England hurting UK economy

Worker output in London and satellite cities far outweighs that in places such as Stoke and Doncaster, says Centre for Cities thinktank

Britain’s economy would be more than £200bn bigger if all cities were as productive as those in London and the south-east, research from a thinktank has shown.

A report by the Centre for Cities revealed that the capital and its satellite cities were as productive as anywhere in Europe and that the UK’s recent weak productivity record was the result of a huge performance gap with other parts of the country.

Related: How UK cities compare for population, jobs, new businesses and house prices

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Nov
15

ECB criticises banks’ relocation plans after Brexit

Central bank warns against setting up ‘empty shell’ operations in euro area without adequate staff

The European Central Bank has warned banks that some of their Brexit plans are inadequate as they involve setting up “empty shell” operations in the EU that are not properly staffed.

The Frankfurt-based institution said “elements in a number” of relocation plans submitted by banks that use the UK as their gateway to the EU “did not fully meet” its expectations.

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Nov
15

Daily briefing: P&G twist, Da Vinci sells for $450m, Tesla for truckers

Nelson Peltz claims a board seat following a recount

Nov
15

African debt servicing costs hit 16-year high

Figures come as IMF warns of potential rise in public debt to ‘unsustainable levels’

Nov
15

China outbound investment down nearly 41% in 2017

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