Brexit: Next boss says UK can avoid no-deal chaos

  • 13 August 2019
  • From the section Business
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Media captionGovernment contingency planning means the UK is becoming prepared for a no-deal Brexit, says Lord Wolfson.

The UK can avoid severe disruption in the event of a no-deal Brexit, the boss of one of the country's leading retailers has told the BBC.

Lord Wolfson, chief executive of clothing firm Next, said he still hoped a deal could be done before 31 October.

But he said the government's increased focus on contingency planning meant the UK was close to being well prepared.

Simplified customs and border procedures had made the chance of hold-ups of goods far less likely, he said.

Lord Wolfson was a strong advocate of Brexit in the run-up to the referendum but has previously warned that a no-deal Brexit would bring about "chaos and disorder", while stopping short of a catastrophe.

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Greg Clark: Business Brexit fears must be resolved

  • 23 July 2019
  • From the section Business
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Media captionGreg Clark: Business Brexit fears must be resolved

Business confidence has seen a sharp fall since March according to the business secretary Greg Clark.

He said that while companies had largely kept faith in Britain in the three years since the referendum, that faith is beginning to vanish.

Read full article Greg Clark: Business Brexit fears must be resolved

What do the Deutsche layoffs mean for the UK?

Image copyright Getty Images

How many jobs are being lost in the UK?

Certainly hundreds, possibly thousands. The businesses Deutsche Bank is exiting or cutting back are predominantly based in New York and London so it seems very likely the axe will fall harder in the UK and US than in Germany.

The bank is cutting 20% of its global workforce and the bank has nearly 8,000 people in the UK. That arithmetic gets you into the thousands quite easily.

Does it mean we are in the foothills of another financial crisis?

Read full article What do the Deutsche layoffs mean for the UK?

Jaguar Land Rover announces electric car investment

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Media captionJLR's boss calls for more charging points

Jaguar Land Rover (JLR) is investing hundreds of millions of pounds to build a range of electric vehicles at its Castle Bromwich plant in Birmingham.

Initially the plant will produce an electric version of the Jaguar XJ.

Read full article Jaguar Land Rover announces electric car investment

Bookmakers pledge £100m to avoid gambling crackdown

  • 19 June 2019
  • From the section Business
William Hill gambling machines Image copyright PA

The UK's biggest gambling firms are offering the government a significant increase in the money they contribute to tackling problem gambling.

The owners of William Hill, Coral Ladbroke, Betfair Paddy Power, Skybet and Bet 365 will offer to increase the voluntary levy on their gambling profits, the BBC has learnt.

Read full article Bookmakers pledge £100m to avoid gambling crackdown

What Boris Johnson said next to business

  • 18 June 2019
  • From the section Business
Boris Johnson Image copyright Reuters

Boris Johnson attempted to mend some fences with the business community this morning.

His infamous expletive caused widespread shock within industry and highlighted for many how relations had soured between business and the party that used to be its natural champion.

Read full article What Boris Johnson said next to business

UK phone firms demand clarity over Huawei

  • 11 June 2019
  • From the section Business
A woman walks past a bus stop ad for a Huawei smartphone in London Image copyright AFP

The UK risks losing its position as a world leader in mobile connectivity, Britain's mobile operators are warning.

In a draft letter to Cabinet Secretary Mark Sedwill, seen by the BBC, operators will urge the government to clarify its position over Huawei.

Read full article UK phone firms demand clarity over Huawei

Sir Philip Green: Will landlords fight his rescue deal?

TopShop display Image copyright Getty Images

Is this the moment the landlords fight back?

This afternoon, the landlords to Arcadia - Sir Philip Green's retail empire - will be asked to vote on whether they will accept swingeing cuts to the rent they charge to well-known retailing brands like TopShop and Dorothy Perkins.

Read full article Sir Philip Green: Will landlords fight his rescue deal?

British Steel: Three options for government

View of Scunthorpe steel plant Image copyright British Steel

British Steel - the Scunthorpe steelworks with a brand name revived by private investors Greybull - says it needs £75m of government support to avoid collapse.

Business Secretary Greg Clark faces three choices in weighing up whether to intervene:

Read full article British Steel: Three options for government

Would you buy shares in Uber?

Uber sign on car Image copyright Getty Images

For sale: shares in a company that has already burned through $27bn (£20.7bn; €24bn) in cash, will burn through tens of billions more of its new shareholders' money, has never made a profit and won't for many years - if ever.

Sounds too bad to be true, but that is precisely what is on offer when Uber shares start trading today.

Read full article Would you buy shares in Uber?