Companies have started stockpiling goods to safeguard against the possibility a disruptive no deal Brexit. Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, says clients have asked him if the stockpiling of goods could actually give a short-term boost to the economy. Tombs is unconvinced andoutlines four reasons why company stockpiles are unlikely to help UK growth. LONDON – With the odd exception, the vast majority of economists covering Britain are agreed on one thing – that a disorderly, “no deal” Brexit will be bad news for the British economy. However, one of the UK’s top economic research houses said clients are asking about a counterintuitive argument that a no deal outcome could actually be good for the economy. “We have been asked several times in recent days whether a pick-up in stockbuilding, as part of businesses’ contingency planning for a no-deal Brexit, could cause the economy to … [Read more...] about There’s a counterintuitive argument that preparations for a nightmare Brexit will actually be good for the UK economy
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We visited Russia’s opulent UK embassy at the height of a diplomatic crisis — here’s what it was like
caption Russia’s embassy in Kensington, London. source Simon Dawson/Reuters Britain and Russia are in the middle of their most intense diplomatic crisis since the Cold War over the poisoning of ex-spy Sergei Skripal and his daughter in Salisbury earlier this month. Theresa May expelled 23 Russian diplomats from the UK earlier week, prompting a reciprocal action from Moscow. Despite losing about 30% of its staff, though, activity in the embassy still seemed like business as usual. Business Insider attended a press conference on Thursday with Russia’s ambassador to the UK, Alexander Yakovenko, and was given access to most – but not all – of the opulent building. Scroll down to take a look inside. The Russian embassy is one of many on Kensington Palace Gardens in west London, known locally as “Embassy Row.” It’s the personal residence of Russia’s ambassador to London, Alexander Yakovenko. caption Russia’s ambassador to … [Read more...] about We visited Russia’s opulent UK embassy at the height of a diplomatic crisis — here’s what it was like
Obesity could become chief avoidable cancer cause: UK charity
Obesity could overtake smoking as the chief avoidable cause of cancer-related deaths, the world's largest independent funder of cancer research said Friday. With smoking rates in decline and obesity on the rise, it could surpass smoking as the biggest killer, the chief executive of Cancer Research UK said as it published new research. "Obesity is potentially the new smoking, if we're not careful," said Harpal Kumar. "My sense would be it'll be some time in next couple of decades that we'll see those two switch around." Following a major new study of 2015 cancer data, the charity found that 37.7 percent of all cancers diagnosed in Britain each year could be prevented through lifestyle changes. Read also: Obesity and your health: Five things to know Smoking remains the biggest avoidable cause of cancer, a factor in 15.1 percent of preventable cases -- down from 19.4 percent in 2011 -- followed by obesity at 6.3 percent -- up from 5.5 percent. Next came overexposure to ultraviolet … [Read more...] about Obesity could become chief avoidable cancer cause: UK charity
UK space program to tackle global challenges
Improved disaster response in Commonwealth states and tropical disease control are among the goals of 10 new projects involving British space organizations, Science Minister Sam Gyimah announced. The Industrial Strategy highlights the importance of bringing together the United Kingdom’s (UK) world-class research with business investment to develop technologies and industries of the future that benefit society, as well as economy. The UK Space Agency’s International Partnership Programme uses UK space expertise to deliver innovative solutions to real world problems across the globe. This helps some of the world’s poorest countries, while building effective partnerships that can lead to growth opportunities for British companies. The successful projects, worth £38 million in total, are led by a diverse range or organisations from the UK’s growing space sector, from large companies such as Inmarsat and CGI, to start-ups such as Guildford-based Earth-i. The UK … [Read more...] about UK space program to tackle global challenges
May reshuffle to help UK face Brexit
LONDON: British Prime Minister Theresa May named a new head of the ruling Conservatives on Monday in a reshuffle aimed at handing her government a new start after months of divisions over Brexit, scandals and an ill-judged election. May, weakened by the loss of the Conservatives' majority in June's election gamble, moved to make changes to her team of top ministers after ending last year with a deal to shift talks with the European Union to a second phase.She kept her team's 'big beasts' - the finance, Brexit, foreign and interior ministers - but is promoting women, black and younger lawmakers to challenge critics who call her party "male, pale and stale".Appointing immigration minister Brandon Lewis and lawmaker James Cleverly to become the chairman and deputy chair of the Conservatives was part of her strategy to reassert her authority over the party and to try to broaden its reach.May is also keen to strengthen her hand in talks with the EU to unravel more than 40 years of union and … [Read more...] about May reshuffle to help UK face Brexit