UK business needs more clarity on Brexit – and maybe a longer transition period

Spring is a time of new beginnings. In this spirit, last week’s European Council summit, which allows the UK and EU to move on to discussing our future relationship, was roundly welcomed by business.
Companies are hoping for the withdrawal agreement to be signed off by the EU member states as soon as possible, by the October European Council summit at the latest. This agreement needs to happen well before our formal withdrawal from the EU, as this will provide the most legally watertight certainty for companies in terms of transition, regardless of the shape our post-Brexit relationship.
Read more Brexit: Business as usual for firms during transition period, says BoE But it is also imperative we get down to detailed trade negotiations quickly. Although these discussions cannot conclude until Britain is formally out of the EU, talks on the framework for future relations should not drag on at the expense of starting on the specifics. Businesses need details to plan, not just an outl..

New Arrest in $20 Million Heist, Britain’s Biggest Burglary

New Arrest in $20 Million Heist, Britain’s Biggest Burglary Photo The entrance to Hatton Garden Safe Deposit Ltd. in London, where millions of dollars’ worth of jewels, gold, precious stones and cash were stolen in 2015. Credit Andrew Testa for The New York Times LONDON — The British authorities have made a new arrest in a brazen 2015 robbery in which a gang of graying thieves stole over $20 million worth of cash and jewelry in London, a case that prosecutors have called the largest burglary in English history.
Detectives arrested a 57-year-old man on suspicion of nonresidential burglary in the Hatton Garden case, the Metropolitan Police said in a statement on Wednesday. The suspect, who was not immediately identified, is the latest man linked to the case.
Six other men were each sentenced to between six and seven years in jail in 2016 for breaking into the vaults of the Hatton Garden Safe Deposit company and stealing nearly 14 million pounds worth of cash, gold and gems.
The latest su..

A View from the Top: Joanna Dai, the ex-banker determined to make professional womenswear comfortable

As a banker, she could cope with the gruelling hours and tedious tasks. The waistband of her trousers after 20 hours of travelling though? That was another issue
It’s often said that if you want to launch a successful business, there’s nothing more important than knowing your audience.
Joanna Dai arguably couldn’t have known her audience any better when she launched a high-end fashion brand for professional women back in October 2016. That’s because she was her audience.
The California native’s resume makes for impressive reading. A graduate of New York’s Ivy League Cornell University, she joined now-defunct investment bank Bear Stearns as a summer analyst just before the financial crisis. That led to a full-time job at Wall Street giant JP Morgan in the summer of 2008 and her CV over the following years is peppered with imposing-looking jargon.
Credit default valuations were the focus of her first role at the banking powerhouse, before she moved into interest rate risk management…

'We don't want to work in a warehouse': how a recording studio started by an Essex grime artist is opening doors

Young people are turning to their own business ideas to help them out of a trap of poor quality or precarious jobs
It’s Friday night on an industrial estate in Grays, a small town on the Thames estuary in Essex, and all the units have closed their shutters for the weekend except one.
Uncxt Studios has been open day and night since May 2017. It is the dream of Connor Hammond, aka SmallzDeep, a 25-year-old grime artist who was born in Essex but left school and home when he was 16.
Hammond ended up in the south-west, where he lived on the streets and had multiple run-ins with the police over weapons and drugs offences. After a spell in prison just after he turned 18, he realised he needed to turn his life round: “That’s when all of my efforts went into being a recording artist.”
He began to make a name for himself as SmallzDeep, getting played on Radio 1 and mixing with some of the big names in grime. When he eventually came back to Grays, he found that opportunities for young peopl..