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Macron: UK must pay for City deal after Brexit

Emmanuel Macron has warned Theresa May the UK will have to pay into the EU’s coffers in order to secure a Brexit trade deal on financial services. Speaking alongside the Prime Minister during his first visit to Britain since being elected, the French President insisted he was “here neither …

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Ministers set up Carillion collapse task force

Ministers have set up a task force involving businesses and trade unions to support companies and workers affected by the collapse of Carillion. The construction and outsourcing giant, employing 43,000 people including 20,000 in Britain and engaged in a variety of public sector contracts, went into liquidation earlier this …

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Is a split brewing at Costa Coffee owner?

It seems to be quite the season for major companies to contemplate breaking themselves up. On Tuesday, General Electric, one of America’s biggest and longest-established conglomerates, said it was considering a split. On Wednesday, Rolls-Royce, the aircraft engine maker, announced it was prepared to sell its loss-making marine division, …

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Dear Carillion Employees

I once attended a seminar where Lee Iacocca (https://en.wikipedia.org/wiki/Lee_Iacocca) was speaking. He is considered an extremely successful businessman but had been made redundant several times in his life. And he suggested that, when you meet someone who has lost their job, shake them by the hand and suggest that …

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History of franchising

These days, franchises are big business. In the UK alone, there are around 900 franchising brands – up from 718 ten years ago – and the business model contributes a huge amount to the country’s economy. Thousands of people are employed by franchises and many franchising brands are household …

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Taxpayer to foot £199bn private finance bill

Taxpayers face a bill of £199bn for projects outsourced to private companies even if no new schemes are awarded public money. The National Audit Office found that the 716 existing deals under Private Finance Initiative (PFI) and the successor, PF2, cost around £10.3bn in 2016-17, and costs of that …

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