Thought leadership

Facebook facing £500,000 fine from data Watchdog over Cambridge Analytica scandal

The UK’s data protection watchdog intends to fine Facebook £500,000 for data breaches – the maximum allowed. The Information Commissioner’s Office said Facebook had failed to ensure another company – Cambridge Analytica – had deleted users’ data. The ICO will also bring a criminal action against Cambridge Analytica’s defunct parent company SCL Elections. And it has […]

Growth in services sector sees UK economy bounce back

The services sector, which includes bars, restaurants and hotels, accounts for about three-quarters of the UK economy.  The UK economy has bounced back from a soft patch in the opening months of 2018, according to a closely watched survey of the services sector that showed stronger than expected activity last month. In the latest sign that bad […]

MPs criticise government for prioritising cost over quality in awarding outstanding contracts

The government is prioritising cost over quality when outsourcing public sector contracts, leading to worse services, a committee of MPs says. The collapse of construction giant Carillion had exposed “fundamental flaws” in the outsourcing process, the Commons Public Administration and Constitutional Affairs Committee said. When Carillion failed in January, it had 420 UK public sector […]

No such thing as free banking says industry regulator

Up to half of the profits made by big banks from current accounts come from just one in 10 customers, according to the industry regulator. Customers with overdrafts, which are more profitable than other types of credit, are particularly lucrative. A report by the Financial Conduct Authority (FCA) said banks were also benefiting from customers […]

Court grants Uber short term licence to operate in London

Uber has been granted a short-term licence to operate in London following a court hearing. Transport for London (TfL) refused to renew the licence when it expired last September, saying the US taxi app was not a “fit and proper” operator. Uber has now been awarded a licence but it has been put on probation […]

Uber’s appeal over licence refusal begins

A London court will consider later today if Uber is “fit and proper” to hold an operator licence in the capital. The taxi app company will make its case at Westminster Magistrates’ Court in a hearing expected to last several days. Last September, Transport for London refused to renew Uber’s licence on grounds of public […]

Poundworld to start closing down sales

Staff at discount retailer Poundworld have been told “closing down” sales will start on Thursday. However, administrators Deloitte stressed that no stores were “definitely” closing and that the search for a buyer continued. Deloitte also said it had appointed retail consultants Hilco to help with the management of the stores. Poundworld, which went into administration […]