Brexiter Lord Ashcroft advises UK companies to move to Malta to secure “European base”

Staunch Brexiter Lord Ashcroft has advised UK firms to move to Malta after Brexit. In a blog on Conservative Home the outspoken peer said "as a hard-nosed, self-made businessman, I believe that Malta represents the best destination for ambitious UK firms that must have a post-Brexit presence in the European Union". He said the "diverse, open-market economy" makes it an attractive place to move for UK firms that "have understandably decided, particularly in a period of uncertainty, that they will need...

Business survey results signal “absolute disaster” if government doesn’t get a grip on Brexit very soon

A UBS survey of 600 companies that spells out the reality of a Brexit "dividend" for British business could signal disaster if the government doesn't get a grip on the process soon, Professor Brian Cox has said today. The physicist posted results from a recent business survey that showed 35 per cent of companies plan to reduce UK investment post-Brexit. A further 41 per cent plan to move a large amount of capacity out of the UK and 42 per...

UK investment in car industry has halved due to Brexit uncertainty with sector facing “extinction”

The UK motor industry has seen investment half in the first half of this year, according to the latest research from the Society of Motor Manufacturers and Traders (SMMT). During the first six months of this year, the SMMT found that investment has “stalled”, with just £347.3m earmarked for new models, equipment and facilities in the UK, around half the sum in the same period in 2017. The group’s demand for action followed the comments last week from CBI president, Paul Dreschler,...

Jobs linked to foreign investment drop 54% amid Brexit headwinds

Safeguarded jobs in the UK have fallen 54 per cent in the past year as the number of UK projects funded by Foreign Direct Investment (FDI) dropped nine per cent, the Department for International Tradrevealed today. Wales is the worst affected region, with projects down 33 per cent, Scotland has seen a 23 per cent fall, Northern Ireland an 18 per cent drop and London a 17 per cent decline. England has seen the number of projects rise slightly by...

CETA “makes a mockery of Government’s stated objective of ‘bringing back control’.”

CETA amounts to a full frontal attack on Parliamentary democracy and any concept of national sovereignty and makes a complete mockery of the Government’s oft-stated objective of ‘bringing back control’ says Union. GMB, Britain’s general union, has criticised a Government plan to sign away UK sovereignty in a mega trade deal without MPs having their say in Parliament. On June 26, the House of Commons will be asked to ratify the 2,255 page Comprehensive Economic and Trade Agreement (CETA) between...

Even Tories call for Boris to resign as Theresa May’s Heathrow lies emerge

As Boris Johnson went AWOL on the day he would have had to vote against the Government or with them against his principles on a new Heathrow runway, the Foreign Secretary was ridiculed by all sides. Fellow anti-Heathrow expansion campaigner and international trade minister, Greg Hands could easily have avoided tonight’s vote with a foreign trip, but instead took ministerial responsibility seriously and resigned on principle on Friday. Despite the junior minister having thrown the gauntlet down to his Conservative...

Gig Economy – Hermes “decision a wake-up call for Government”

The Government should write into law a positive definition of self-employment to provide clarity on who is and who is not genuinely self-employed, IPSE (the Association of Independent Professionals and the Self-Employed) has said. The call follows a decision in the employment tribunal today that a group of Hermes couriers were workers and not self-employed. GMB, the union for lifestyle couriers, scored a landmark legal victory against Hermes after an employment tribunal ruled their couriers are entitled to basic workers’ rights. The...

Mind calls for Government to scrap proposals for disability benefits ‘migration’

The Social Security Advisory Committee – the panel of experts responsible for scrutinising laws which affect the benefits system – have published the Government’s draft proposals for moving more than two million disabled people onto Universal Credit. The Government has said that this will take place between 2019 and 2023. It will affect around one million people with mental health problems who currently receive the disability benefit Employment and Support Allowance (ESA). Under these proposals people currently getting ESA will receive a letter informing...

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