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(Print) ISSN 1469-5162
(Online) ISSN 2051-9524
INSIDE
Issue 160 | November 2019
Capital’s economy weathers
the political storm
Page 3
www.londonbusinessmatters.co.uk
COV ER S TO RY
Excitement builds for
Dubai Expo 2020
Page 16-18
2 November 2019 Issue 160 (Print) ISSN 1469-5162 (Online) ISSN 2051-9524
Regulars
Overseas business opportunities
From Belgium to Romania Page 15
Events Networking opportunities
in the extensive LCCI programme
Pages 22-23
Staying in town
Lincoln Plaza London
Page 24
Two minute interview
Henry Ziff, Transworld
Business Advisors UK
Page 28
Enterprise Europe
Network
News and events
Pages 48-51
New members
City Hall versus Town Halls Alexa Michael asks how well London Government Who has joined the LCCI in
34-35 is working the last month? page 52
Features
BREXIT
LCCI in the news Bangladesh
Local, national and A remarkable story
UPDATE international
12 14
Export documents update Exporting Berry’s Green agenda
Page 4 London SMEs lead In the running
the way
Mindset over matter
Page 5 20 26
Brexit Q&A Book reviews Life balance
From prorogation to election Leaders and entrepreneurs Wellbeing and values
Pages 10-11
27 30
Environment Crimestoppers Diversity
Curbing the plastics effect Tackling crime in the Empowering women
workplace through trade
33 46 49
Front cover: Dubai cityscape
London Business Matters is edited by London Business Matters is published
on behalf of London Chamber
Peter Bishop – pbishop@londonchamber.co.uk
of Commerce and Industry by
Official Publication of International business BRANCH CONTACTS
London Chamber of Commerce Vanessa Vlotides – 020 7203 1838 Croydon Chamber
33 Queen Street, London EC4R 1AP Membership sales Annabel Fogden – 020 7556 2389
Tel: 020 7248 4444 Josie Rogers – 020 7203 1881
Fax: 020 7489 0391 East London Chamber of Commerce Crosby Associates Media Limited
Member support Liverpool (Head Office):
www.londonchamber.co.uk Nick Charles – 0207 203 1957 Irene Fatuzzo – 020 7203 1965
Burlington House. Crosby Road North
CHAMBER CONTACTS Patron members Liverpool L22 0PJ
Ian Binns – 020 7203 1954 Tel: 0330 124 3780
Events www.crosbyassociates.co.uk
Victoria Jayne – 020 7203 1875 International trade events PEFC Certified
Zuzana Brutenicova – 020 7203 1823
Export Documents
This product is
Media relations
from sustainably
PUBLISHING CONTACTS
Davor McKinley – 020 7203 1856
managed forests and
controlled sources
Steven Reilly-Hii – 020 7203 1897 Advertising sales
Enterprise Europe Network PEFC/16-33-254 www.pefc.org
Elena Molinari – 020 7203 1929 Sponsorship opportunities Gina Forshaw – 0161 274 9329
Dean Wade – 020 7556 2382 gina.forshaw@crosbyassociates.co.uk
Information
Alexa Michael – 020 7203 1866 Production/design
Andy Bellis – 0161 274 9326
www.londonchamber.co.uk | www.londonbusinessmatters.co.uk andy.bellis@crosbyassociates.co.uk
November 2019 News 3
London’s economy weathers
the political storm
London’s economy showed
its resilience, weathering
the political storm during
the third quarter of this year,
but the tightening labour
market continued to trouble
businesses trying to recruit
S
ales and orders both domes-
tically and for export reached
their highest levels on balance
in at least a year, whilst business in-
vestment and cashflow indicators
saw the biggest increase since the
start of 2016.
Part of that business investment
included spend on training, as a
quarter of the capital’s firms turned
to upskilling existing staff, indicat-
ing that businesses are acting in or-
der to counter a labour market that
is approaching record levels of em- “A restricted labour The capital’s continued recruitment would make the situation even
ployment. Almost a third of busi- challenge will leave businesses worse. LCCI continue to call for
nesses reported coming under in- market, continues to ever more mindful that the wrong devolution of immigration deci-
creased pressure from employees to
raise wages in the last three months.
pose challenges to post-Brexit immigration system sion-making to a London level.”
The analysis comes from LCCI’s the capital’s firms. ”
Capital 500 – London’s biggest and
most representative business sur- they have trained existing staff
vey. Headline findings from Q3 in in order to acquire new skills for
London show: their business
• 31 per cent of businesses reported
Export coming under increased pressure
• Export orders are at their highest from employees to raise wages.
point on balance since Q2 2017, Sean McKee, LCCI director of pol-
with 22 per cent of businesses re- icy and public affairs, said: “For the
porting increased orders second consecutive quarter the Lon-
• Export sales are up for 23 per cent don economy has returned results
of businesses. that are better than some would
expect, given the ongoing political
Domestic turmoil and uncertainty of Brexit.
MAKE YOUR AMBITIONS
• Domestic orders are up for 18 per “The performance is testament HAPPEN SOONER WITH
cent of businesses to the resilience of London’s firms. AUGUST OR OCTOBER 2019
• Domestic sales are up for 22 per However, some of the increased START DATES IN LONDON.
cent of businesses. business investment may be as part Courses include Accounting,
Finance, Tourism, Public Health,
of Brexit preparation spending, Nursing, Business, MBA’s and
Investment rather than the underlying strength
Health & Social Care.
• 15 per cent of businesses in- of the economy. Time will tell. Study in South Quay
Course enquiries:
creased investment in plant and +44 (0)20 7531 7333
equipment 11 per cent in whilst Challenges london.sunderland.ac.uk
17 per cent increased investment “One thing that is certain is that a
in training restricted labour market, at near re-
• 24 per cent of businesses reported cord employment levels, continues
increased cashflow. to pose challenges to the capital’s
firms. Investment in training in-
Employment creased as businesses continued to
• 83 per cent of businesses did not turn to upskilling existing employ-
try to recruit during the quarter ees in order to close skills gaps that
• Of those who tried to recruit, they are struggling to fill via recruit-
over half encountered difficulties ment. Consequently, an increasing
recruiting amount of businesses came under
• A quarter of businesses said that pressure to raise wages.
28481_DLR_CAMPAIGN_6SHEET_1200x1800_@25%_AW.indd 2 10/09/2018 09:53
4 Brexit November 2019
Export documents and Brexit –
update for CO and ATA Carnet users
At the time of writing there
is still a possibility of a no
deal Brexit outcome and an
automatic move to World
Trade Organisation rules
for the purposes of cross-
border movements and trade
facilitation
W
ith regard to Certificates
of Origin (CO) – pref-
erential and non-pref-
erential – and ATA Carnets, the
following should be noted.
Certificates of Origin
In a no deal scenario a UK CO
(non-preferential) has been de-
signed in accordance with the rel- “In a deal scenario, ATA Carnets Northern Ireland
evant international convention and
has been approved by government
ATA Carnets will In a no deal scenario it is agreed
that ATA Carnets – the passport
Northern Ireland is of course a
part of the UK so in a no deal situ-
lawyers. This is believed to an ac- continue to be for goods being temporarily moved ation everything as above will apply.
ceptable replacement for the cur- cross border for the purpose of If the agreement goes through and a
rent non-preferential CO and will issued exactly as being shown at trade fairs or exhi- transition period kicks in, there will
be issued post-Brexit. Non-prefer- now” bitions, or for professional equip- be no change in the above documen-
ential CO are generally called for as ment and samples – will be able to tation in any part of the UK, until
part of the payment mechanism e.g. South Korea, Switzerland, and be used for appropriate temporary the end of that period at the earliest.
via a documentary letter of credit Tunisia. shipments to the EU27 as the UK What happens thereafter will be-
or for trade defence reasons, or be- In other FTA markets, if there has signed the relevant internation- come clearer over the course of the
cause the importer is anticipating is no roll over then the EUR doc- al conventions both as the UK and transition and Carnet and CO users
re-exporting the goods. ument would not be appropriate en bloc through the EU. LCCI have will be informed as early as possible.
If the Prime Minister’s deal does though the buyer might call for a made the necessary changes to the
get approved by the UK Parliament, non-preferential CO. document for this scenario but, nat- Useful links
non-preferential CO will continue The A.TR relates to trade with urally, will only make the revised Brexit notification for ATA
to be used for the duration of the Turkey. This agreement has not been Carnets available in the event of Carnet customers
transition period exactly as they are rolled over and so will not be appro- no deal. n www.londonchamber.co.uk/LCCI/
now and in the same format. priate in a no deal scenario. In this media/media/Carnet-Notice-to-
n www.londonchamber.co.uk/cofo situation also the Turkish buyer may Traders-October.pdf
call for a non-preferential CO.
Movement As with CO, if the latest agreement Information on how to move goods
Certificates is approved by the UK Parliament, through the Port of Dover and
EUR and A.TR Movement Certificates (EUR and Eurotunnel with an ATA Carnet if
The Movement Certificates EUR A.TR) will continue to be used for the UK leaves the EU without a deal
(in effect a preferential CO) which the duration of the transition period n www.gov.uk/guidance/moving-
evidence is origin in EU free trade exactly as they are now and in the goods-through-the-port-of-dover-
agreements (FTA) will remain the same format. and-eurotunnel-with-an-ata-carnet
appropriate document in a no deal n www.londonchamber.co.uk/
scenario only where the agreements export-documents/eur1-movement- Information on how to move goods
have been rolled over. certificate with an ATA Carnet through the
It is understood that this is the Port of Holyhead if the UK leaves
case with Andean Countries (Co- Arab League the EU without a deal
lombia, Ecuador, Peru), Cariforum Note that non-preferential CO for n www.gov.uk/guidance/moving-
trade bloc (Antigua and Barbuda, exports to Arab League countries will goods-through-the-port-of-
Barbados, Belize, Dominica, Do- be unaffected and there is no need for holyhead-with-an-ata-carnet
minican Republic, Grenada, Guy- the format of the document to change
ana, Jamaica, St Kitts and Nevis, in the Brexit context whether there is In a deal scenario, ATA Car- Guidance on exporting goods to EU
St Lucia, St Vincent and the Gren- a deal or not. However, some Arab nets will continue to be issued ex- after Brexit
adines, and Trinidad and Tobago), League states are party to certain EU actly as now, at least until the end n www.gov.uk/prepare-export-from-
Chile, ESA countries (Madagascar, free trade agreements e.g. Algeria, of the transition period. Carnets uk-after-brexit
Mauritius, Seychelles, and Zim- Egypt, Jordan, Lebanon, Morocco, will not therefore be appropriate for
babwe), Faroe Islands, Iceland, and Tunisia. temporary movements to and from For further information on export
Israel, Lebanon, Liechtenstein, n www.londonchamber.co.uk/ the EU27. documents issued by LCCI contact
Norway, Pacific States (Fiji, and export-documents/eur1-movement- n www.londonchamber.co.uk/ Davor McKinley
Papua New Guinea), Palestine, certificate export-documents/ata-carnet dmckinley@londonchamber.co.uk
November 2019 Brexit 5
Mindset over matter
competitiveness
• Will find that the implementation
“One benefit of weeks play out, businesses cannot
sit back. A no deal scenario where-
of changes to the way they trade preparing for Brexit by we move to trading under WTO
under EU rules – potentially new rules could be with us in the foresee-
and modified routes for example is that it can help able future. This can either happen
– could be expensive you gear your if the Withdrawal Agreement isn’t
• Work with smaller margins than ratified and our membership not
bigger firms and who may find company up for extended, or if the UK and the EU
it difficult to absorb those extra
costs
global, not just cannot agree on a trade deal after
the transition period expires.
• Fill niches with sometimes just a European, business.” In the WTO rules scenario it is
single product or service. If that still of course the case that the con-
niche is negatively affected, major ance on the EU side. A series of EU tinent of Europe is geographically
problems can emerge. preparedness notices give specific close and distance and time zones
Sietske de Groot assesses the guidance for your product or sector. give the same advantages as now.
impact of Brexit on business in Key steps These are dense documents but give Moreover it is the world’s biggest
uncertain times Most companies’ key asset is their a degree of legal certainty as to what trade bloc.
I
people, so the first key step is to look it really means to trade with the EU Cost-benefit analyses should be
t is of course the case that not after them and support their EU as an outside country. carried out and there may be unex-
everyone or every company will staff with applying for (pre-)settled Whatever happens with Brexit pected opportunities. For example,
be impacted to the same extent if status. now, leaving the EU means that we did you know that it is compara-
the UK crashes out of the EU and Companies should also map out shift from one legal environment to tively easy to open a business in
moves to World Trade Organization their supply chain and their route to another, either abrubtly or in a nego- Estonia from which you can serve
(WTO) rules. The degree of change market and consider at what points tiated way. This is not confined to a the EU?
will depend on such issues as: there is interaction with EU part- few simple changes but involves the
• Where the company sits in the ners or cross-border activity. whole legal underpinning of a com- Global
supply chain and specifically how Perhaps the most important ac- pany’s dealings with the EU. Don’t One benefit of preparing for
far removed it is from interna- tion is to get the mindset right. forget the role of other third-party Brexit is that it can help you gear
tional interaction What does it mean for the business advisers such as banks, accountants, your company up for global, not just
• The sector – food products, for if they – or their partners and clients lawyers and consultants who can of- European, business. Skills needed
example, will be more affected – trade with the EU as a ‘third coun- fer valuable assistance. for trading with the EU under WTO
than hairdressers try’ with a separate legal system? rules are similar to ones needed for
• Current trade volumes and the Financial support trading elsewhere. In both cases you
proportion of which could be ex- Information and advice The government has been offer- need to analyse the costs and bene-
posed to changes A prime source for Brexit infor- ing grants for certain activities such fits of each market such as distance,
• Reliance on EU staff. mation is the government’s portal as training staff to complete customs business regulation, time-zones,
with step-by-step guidance accessed declarations. But there is no finan- and demand.
Smaller firms through www.gov.uk/brexit cial support per se for business im-
There is a particular impact on Other bodies such as councils, pacted in general terms by Brexit. Sietske de Groot is an EU
smaller firms who typically: growth hubs, universities and cham- Some business organisations have regulatory expert and the director
• Don’t have legal departments bers of commerce are sources of in- been lobbying for compensatory and founder of TradePeers Ltd.
focusing on these issues which formation and advice. The London actions such as lower business rates This is an edited version of her
means that they often have in- Growth Hub, for example, provides but nothing has yet materialised. seminar address at last month’s
complete information on which a free two-hour Brexit course for Business Live event at Fairfield
to make decisions resulting in a small firms. Trade terms Halls in Croydon.
possible negative impact on their It is also worth looking at guid- However the coming days and www.tradepeersconsulting.com
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6 Your business November 2019
Devolution needed to make
apprenticeship system work
With close to nine in ten confusion persists within the busi-
“Business believes Freedom
businesses in the capital not ness community regarding require- Councillor Clare Coghill, exec-
currently employing ments to pay the Apprenticeship that a fully devolved utive member for business, Europe
apprentices, the LCCI and
London Councils have called for
Levy and use of apprenticeship
funds.
system is the solution. and good growth at London Coun-
cils, said: “This year’s survey contin-
a fully devolved apprenticeship Nearly a fifth of those surveyed And until we get that, ues to show that the apprenticeship
service for London – something
that new research shows
did not know whether their business
is required to pay the levy, whilst
the national system levy is not working for London and
that businesses overwhelmingly back
business supports over half of those paying the levy needs immediate boroughs having more freedom,
T
don’t employ any apprentices. which would enable local govern-
he research comes from the Sixty-nine per cent of business-
reform.” ment and business to work together
organisations’ ‘London Busi- es surveyed do not expect to use via a London Apprenticeship Service.
ness 1000 Survey’, based upon apprenticeship funding this year, ever, yet our research with London “Across the board, London busi-
ComRes polling of 1,000 London whilst amongst those using funding Councils shows that only 13 per cent nesses are also hugely supportive of
business decision-makers about the only 16 per cent said they plan to of London businesses currently em- greater devolution to address a whole
skills and recruitment challenges use more than half available to them ploy apprentices. range of the city’s most pressing issues
their companies face. (down from 28 per cent in 2018) “This is a clear sign that the sys- such as housing, transport and com-
Two years on from the introduc- – clear signs of a system in need tem isn’t working as it should. It’s munity safety. We will continue to
tion of the Apprenticeship Levy, only of reform. both too inflexible and confusing work with the LCCI to make our case
13 per cent of businesses in the cap- LCCI chief executive Peter Bishop for businesses and as a result is fail- to government for greater devolution.
ital say that they currently employ commented: “Over half of business- ing many London businesses and Business agrees that Whitehall needs
apprentices, down from 17 per cent es who currently try to recruit in residents. to give London and other UK cities
in 2018. London encounter difficulties find- “Business believes that a fully de- the powers, freedoms and budgets to
ing candidates with the right skills. volved system is the solution. And support vibrant, inclusive economies.”
Confusion In this climate apprenticeships until we get that, the national system
The survey results show that should play more of a vital role than needs immediate reform.” www.londoncouncils.gov.uk
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November 2019 Your business 7
Moving the Louvre
SPONSORED COLUMN
‘TIS THE SEASON
FOR …
COPYCATS
Victor Caddy, Partner, Trade mark and design attorney –
Wynne-Jones IP
This month we’re talking
copycats; after all the season
of Christmas is always prone
to an increased number of
fake, counterfeit or copycat
goods. And the problem
is that we are a nation of
bargain hunters, especially
as the cost of Christmas
rises each year. It’s also a
time of Christmas gifting
for those businesses prone
to ride on the coat tails
of others by making and
selling lookalike products. affects reputations. And this
misfortune can cost you not
Aren’t copycat products illegal?
only sales but also, ultimately,
Yes… and no.
your business.
Sometimes a product is so
On the flip side as a consumer
obviously a copy that the
when out doing your Christmas
owner of the original work can
shopping, we recommend you
enforce its intellectual property
thoroughly check over the
rights, the lookalike product
product you’re purchasing,
off the shelves and even get
especially if you can see a very-
damages for lost sales.
looking similar version on the
However, in other cases it’s not shop shelf, or if you’re aware
so clear cut. The manufacturers of another version that’s more
of lookalike products are costly. There’s probably a very
Designed by the British elegantly understated. It plays ingenious when it comes to good reason why one costs less
architects Rogers Stirk with what is hidden and what making small changes that than the original: it’s made of
Harbour + Partners, the is revealed, partially beneath are often indiscernible to inferior materials; it’s not met
Louvre Conservation Centre, the ground, the one-storey consumers, but nevertheless safety standards or probably
inaugurated last month, will be structure with a green roof enough to discourage legal even been tested properly. Do
home to 250,000 works of art tapers and slopes into the your homework and know what
action against them. As such,
making it one of Europe’s largest landscape. The west-facing
the manufacturers / owners you’re paying for, especially
study and research facilities. elevation is tall enough to
of genuine products are when it comes to children’s
accommodate a mezzanine floor
Located in the commune of often resigned to having their toys and games which is
of administrative offices and
Liévin, Pas-de-Calais in Northern products knocked off because prone to copycat goods year-
the most colossal items of the
France, 120 miles from Paris, they know the law doesn’t round, but no more so than at
Louvre’s collection.
the centre is part of a new phase always help them as much Christmas when gift purchases
for both the Louvre and for the Graham Stirk, senior design as they should, and copycat are at a peak.
local area, being previously an partner at Rogers Stirk Harbour products are frequently not
industrial town with a history of + Partners, said: “It has been a Make sure you protect your
classed as illegal.
mining. great honour to be part of this business, your brands and
incredible endeavour. Very few If you’re a business that could your products not only
Vulnerability to flooding in the at Christmas, but year-
clients are as prestigious as the be affected by copycats it’s
Louvre Palace on the banks of
Louvre and even fewer briefs imperative you have adequate round. And whilst you’re
the River Seine in Paris and a
carry more weight than the IP protection in place at the out shopping in the coming
desire to gather works currently
relocation of one of humanity’s outset – be it trade mark, weeks make sure you make
scattered over 68 sites in one
great treasures. The use of design or copyright. It’s the right purchase decisions
space has motivated the Louvre’s
simple, elegant forms, marked something you hear from for friends and family.
requirement for a permanent,
by a solidity that resonates with us time and again in this
robust off-site facility.
the brief to create a powerful regular column. But another
Understated language of great French point we also frequently
T: London - +44 (0)20 3146 7888
fortresses, that in this case W: www.wynne-jones.com
Remarkably for a building of make is that infringement
is a large inclined park which
its size, rather than dominate protects the works of art below.”
the area, it sits environmentally
sensitively within it and is www.rsh-p.com
8 Your business November 2019
Big sleep out – help the homeless
Next month – Saturday
“The number of
Photo by Dick Thomas Johnson (CC BY 2.0)
Photo by Gage Skidmore (CC BY-SA 3.0)
7 December to be precise – the
World’s Big Sleep Out, will take homeless people
place in 50 locations, including
London, around the world, dying on the streets is
creating the world’s largest at record levels with
display of solidarity to those
experiencing homelessness on average two
and displacement people dying each
W
ith an aim of raising week in the UK.”
£40million, senior busi-
ness leaders will join London and Times Square (New
celebrities, musicians, Olympians, York) respectively. Presenter Lisa
broadcasters, politicians and the Snowdon, six-time Olympic cham-
public to help fight homelessness pion Sir Chris Hoy, ITV news pre-
with what is thought to be the larg- senter Julie Etchingham, singer
est charitable fundraising campaign Jamelia, and TV and radio present-
in a generation. ers Iain Dale, Kate Garraway, Cherry
Healey, Angela Scanlon, Naga Mun-
Dying on the streets chetty and Anita Rani will support.
The number of homeless people on the streets on any one night and people, most have been in care, pris- Registration for fundraising is
dying on the streets is at record lev- there are 125,000 children in Eng- on or the armed forces - action is ur- now open. All funds raised will go
els with on average two people dying land without a place to call home. gently needed. towards homelessness charities, with
each week in the UK. In England The amount of people sleeping a 50/50 split between local and glob-
alone the number of people sleeping rough in London across a minimum Support al charities helping homeless and
rough has increased by more than of two consecutive years has more Dame Helen Mirren and Will displaced people.
150 per cent since 2010. Last year, an than doubled since 2008/9, increas- Smith will lead the way by telling a
estimated 4,677 people were sleeping ing by 131 per cent to 2,080. Of those bedtime story in Trafalgar Square, www.bigsleepout.com
WHERE
LONDON
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The campus offers a diverse, vibrant and
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room layout flexibility, GCU London caters
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GCU London is ideally situated being a short
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Conferences
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Events
www.gculondon.ac.uk/conferencesevents
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10 Brexit Q&A
Your business November 2019
From prorogation to election
What happened What happened on
when MPs returned ‘Super Saturday’?
to Parliament after On Saturday 19 October, the first
prorogation? time that Parliament has met on a
Tensions ran extremely high Saturday since the Falklands War
when Parliament reconvened on in 1982, MPs voted by 322 to 306 in
Wednesday 25 September after favour of an amendment tabled by
the Supreme Court had declared Sir Oliver Letwin MP to withhold
the prorogation unlawful. Prime their approval of the Prime Minis-
Minister Boris Johnson argued that ter’s Brexit deal. It aimed to close a
the Benn Act was undermining the potential loophole in the Benn Act
Government’s efforts in Brussels to to ensure that the UK does not leave
obtain a Brexit deal. He demanded the EU without a deal.
a General Election to resolve the In practice, the purpose of the
stalemate. amendment was to force the gov-
ernment to seek an extension to the
Opposition furious as defiant Article 50 period under the terms
PM demands election of the Benn Act because MPs had
n https://bbc.in/2owioHa not endorsed a deal by the statutory
deadline of 19 October. Crucially,
Boris Johnson returns to UK to the ten DUP MPs voted in favour of
face Parliament after Supreme the Letwin amendment.
Court ruling The passing of the amendment ef-
n https://cnn.it/2PuNJVE fectively rendered the Government’s
motion on the Brexit deal pointless
How did negotiations and it was not put to MPs.
in Brussels fare? Boris Johnson refused to sign the
On Friday 4 October, the Prime letter to the EU asking for a further
Minister began a new round of talks Brussels to hold intensive Taoiseach ‘convinced’ UK and Brexit extension and sent a photo-
in Brussels to sell his Brexit plan Brexit talks with UK Ireland want an agreement in copy instead, saying: “This is not my
which included removing the Irish n https://on.ft.com/2WlfvW8 interests of all parties letter; it’s Parliament’s.” He followed
‘backstop’ negotiated in Theresa n https://bit.ly/2MWwfzR this with a personal letter urging the
May’s Withdrawal Agreement. Plans Brexit talks continue in EU to reject the request for a further
for the imposition of a customs bor- Brussels ahead of crunch … and the EU agreed a delay to Brexit. Despite this, the let-
der in Ireland were rejected, as were summit draft deal ters were accepted by Brussels.
intentions for the Northern Ireland n https://bbc.in/2onYgqu As late as 9pm on Wednesday 16
Assembly at Stormont to be able October, following hours of delayed What does the Letwin
to veto Northern Ireland’s align- Brexit negotiations continue talks, diplomats confirmed that the amendment mean for Brexit
ment with the EU’s single market in into the night in Brussels as negotiators had failed to strike a timetable?
goods. On 9 October, the UK’s ne- talks plagued with delays deal. Work on a possible deal con- n https://bit.ly/2qUm7iB
gotiations with the EU broke down n https://bit.ly/2NkpKWF tinued through the night. By the
and it looked as though the UK following day, all EU27 leaders had Letwin amendment passed:
would leave the EU with no deal by When Boris met Leo … agreed the text of a draft Brexit deal. Brexit vote over Boris
default on 31 October. On Thursday 10 October, Boris This still had many hurdles to clear, Johnson’s deal to be delayed
Johnson met Leo Varadkar, the including ratification by the UK until next week
Michel Barnier calls on Boris Irish Taoiseach, in the North West Parliament. Despite Boris Johnson’s n https://bit.ly/2NpNYif
Johnson to rein in No 10 aides of England to discuss Northern being “very confident” that Parlia-
n https://bit.ly/3300CuI Ireland after talks halted in Brus- ment would agree the deal, there Boris Johnson sends letter
sels. This came after Varadkar said was swift opposition to it. This came to EU seeking Brexit delay —
Brexit: The end for he was willing to examine how chiefly from the Democratic Union- without his signature
negotiations in Brussels ahead the Northern Irish could agree to ist Party (DUP) who issued a state- n https://cbsn.ws/2BQ96c0
of the EU Summit? arrangements that would avoid a ment strongly criticising the pro-
n https://bbc.in/2pYbYky hard border. During the talks, the posals which they saw as imposing a How did Parliament
Taoiseach said he was “convinced” border in the Irish Sea. The Labour vote on the PM’s deal?
Is no-deal about to become the that both the UK and the Irish Re- Party also opposed the deal. On Tuesday 22 October, MPs voted
PM’s policy? public wanted an agreement that to put the Prime Minister’s Brexit
n https://bbc.in/2WnRPQQ worked for everybody. Both men Brexit: EU and UK reach deal deal into law at Second Reading by
said they could see a “pathway” to but DUP refuses support 329 votes to 299, a majority of 30.
On Friday 11 October, it was an- a deal. Following the meeting, Ste- n https://bbc.in/2MXq7aH This result was achieved with the sup-
nounced that Brussels would hold phen Barclay, the Brexit Secretary, port of 19 Labour MPs, mostly from
last-ditch talks with the Prime Min- met Barnier in Brussels for further EU and UK agree draft Brexit Leave-supporting areas in the North
ister’s team over the weekend to try talks. deal but obstacles remain of England. Of the 21 ex-Conserv-
to prevent the UK from leaving with n https://politi.co/2Jwh51Y atives who were expelled from the
no deal. Negotiators from both the Brexit: Boris Johnson to meet Parliamentary Conservative Party for
UK and EU sides tried to overcome Leo Varadkar for last-ditch talks voting in favour of the Benn Bill, 16
what Barnier called “big gaps”. n https://bit.ly/2pmXISj supported the Prime Minister’s deal.November 2019 Your business 11
Brexit bill ‘in limbo’ as MPs Brexit: Is this latest extension emy Corbyn, Leader of the Oppo-
Photo by Chatham House/Flickr (CC BY 2.0)
reject timetable the final delay? sition, lifted Labour’s opposition to
n https://bbc.in/2WnLncv n https://bbc.in/32YHRrx the poll on the grounds that a no-
deal Brexit is no longer an option.
Brexit legislation ‘paused’ after Brexit extension announced Eventually Labour support for an
MPs reject Boris Johnson’s as Boris Johnson pushes for election was offered and the date
timetable - as it happened December election confirmed as 12 December.
n https://bit.ly/34m2IFR n https://cnn.it/2NoROYO
Brexit: PM to try again for 12
Did the EU grant Did MPs vote for a December election after MPs
another Brexit General Election? reject plan
extension? On the evening of Monday 28 n https://bbc.in/2Pr97Lp
On the morning of Monday 28 October, the Prime Minister tried
However, victory turned to defeat October, the EU27 agreed to ex- to force a General Election on Brexit: Britain set for
just minutes later when MPs reject- tend the Article 50 period until 31 Thursday 12 December by tabling December poll as Corbyn lifts
ed the Prime Minister’s proposed January 2020. However, it is a ‘flex- a motion under the Fixed-Term Labour’s opposition to early
timetabling of the Bill through Par- tension’ meaning that the UK can Parliaments Act, which requires a election bill - live news
liament in three days by 322 votes leave the EU earlier if the deal is two-thirds majority in the Com- n https://bit.ly/31W2jYX
to 308, a majority of 14. On that ratified by Parliament. Later in the mons. MPs voted by 299 to 70 in
occasion, only five Labour MPs sup- day, Boris Johnson sent his formal favour of holding the election,
ported the Government while six reply making it plain this was not 135 votes short of the two-thirds
whipless Conservatives opposed the what he had wanted and that he majority required by law. Down-
timetable, despite backing the Bill was now seeking a General Elec- ing Street said the Prime Minister Brexit Q&A is researched
only a few minutes earlier. tion to resolve the Parliamentary would seek to amend the Fixed- and written by Alexa
The Prime Minister’s response impasse and ratify the deal. He also Term Parliaments Act to allow an Michael, LCCI business
was to ‘pause’ his withdrawal agree- said that the current Parliament election in December.
information executive.
ment – and put Parliament on a had “run its course” and would not
LBM readers are invited to
General Election footing. be considering his deal. Brexit: Boris Johnson to make
submit their own questions
fresh general election bid
UK parliament votes in favour EU grants Brexit extension n https://bbc.in/3334k7a
for responses to be
of Boris Johnson’s Brexit bill in until February next year At time of writing, it looked as published in future issues.
major win — as it happened n https://bit.ly/2WnV5vy though there will be a General Send them to amichael@
n https://on.ft.com/34m2bnl Election in December because Jer- londonchamber.co.uk
Lessons from Tea on a Plane
woman brought me a steaming cup was to do what makes the passengers as
of tea with a big smile on her face. comfortable as possible. This needs to be
applied across your business.
The hot water soothed my throat for about 5
seconds before I had to request another. After It begins with you
three rounds, she came with a Chamomile tea If you are reading this and thinking, “How do
bag and a big flask. “Just let me know if you I get my team members to exhibit that kind
need it refilled. Hope you feel better soon.” of initiative and care?” Well, the answer is
probably in the mirror.
I was so grateful for her initiative. I definitely
needed many more cups of tea, but I You lead the culture in your business. You
would never have thought to ask for a flask. manage the processes and systems. Upskill
Earlier this year, I was on a flight and was Reflecting on her behaviour, I had to admire yourself to exceptional levels, and your
ordering some tea. The experience inspired a her work ethic – and I realised there was a employees will too.
thought for business owners… lesson here for business owners.
I’ll just leave you with one final lesson from
It all starts with a cough This is “exceptional customer service” my trip – if you’re going to drink that much
After I had delivered my speaking Many of our clients are in service industries, tea on a plane, it’s wise to have an aisle seat
engagement in China, I came down with a working with ultra-high net worth individuals. not too far from the toilets!
bad cough. Travelling with a cough is terrible, Their customers are those who understand
especially on a plane! quality. Being better than the best is how you From Shweta’s blog businesscoaching.
distinguish yourself. actioncoach.co.uk/insights. If you want
In an effort to suppress it, I kept asking to fast-track exceptional standards in
for tea. I pressed the call button and This air hostess is an example of this. Her your business, contact us at coaching@
asked for the hot drink. This kind priority was not her ‘job description’, it actioncoach.com to discuss your business.12 Leaders and entrepreneurs November 2019
LCCI in the news – local,
national and international
Record levels
Part of that business investment
by Steven Reilly-Hii
included spend on training as a
quarter of the capital’s firms turned
As I write, Rory Stewart has just to upskilling existing staff, indicat-
further breathed life into the ing that businesses are acting in
race to be the next Mayor of order to counter a labour market
London. He will be invited to that is approaching record levels of
participate in the Chamber’s employment.
Meet the mayoral candidate In this climate of recruitment dif-
series – something which is ficulties and an upturn in training
proving popular with both LCCI you may expect more firms to bring
member businesses and the in apprentices. But seemingly not, as
London media LCCI research with London Councils
T
showed that only 13 per cent of busi-
hus far current Mayor Sadiq nesses in the capital currently employ
Khan, Conservative Party can- apprentices – down from 17 per cent
didate Sean Bailey, and Green in 2018.
Party candidate Sian Berry, have tak- Launching the findings of the Lon-
en part in broad-ranging discussions don Business 1000 report, LCCI’s chief
with business about their priorities for executive Peter Bishop and chairman
the capital. Next up, in mid-Novem- of London Councils, Cllr Peter John,
ber, will be Liberal Democrat candi- wrote a joint comment piece in City
date Siobhan Benita. AM – calling for increased devolution
of the apprenticeships and skills sys-
Pledges tem and funding to a London level, in
Questions from LCCI members or order to allow the capital to boost ap-
journalists in the room have teased out prentice numbers. The report received
answers from each candidate - leading further coverage on BBC London, On
to media coverage in print, online London and London Loves Business.
and across London’s airwaves – with The report tells that 82 per cent of
headlines relating to pledges on public businesses polled support a stronger
transport fares, immigration law, and role for London’s boroughs in skills
the size of the ultra-low emission zone. and employment provision. Sixty-nine
One of many common areas of dis- per cent of businesses surveyed did
cussion at all the mayoral events thus not expect to use apprenticeship fund-
far has been London’s transport net- ing in the coming year whilst amongst
work – an issue that saw LCCI make those using funding only 16 per cent
the front page of the Evening Standard said they plan to use more than half
recently, with polling demonstrating available to them (down from 28 per
that businesses supported reform to cent in 2018). A sign, LCCI said, of a
the way that unions carry out a strike system in need of reform.
on the London Underground net- LCCI chief executive Peter Bishop
work. told China Global Television Network’s Skills
Whilst respecting the right to European business show that Lon- The need for the right skills and
strike, 65 per cent of London busi- don’s strengths would enable it to immigration systems remain high on
nesses support banning strikes on survive the storm. LCCI’s domestic policy agenda, and
the Underground at peak times, with And, indeed; the start of October the Chamber’s new president brings
nearly three quarters supporting a saw LCCI launch the latest quarter- vital insight to LCCI and its member
minimum service guarantee during ly economic results for the capital, businesses about how best to tackle
times of strike. The Evening Standard which showed a tale of the capital skills issues in the capital.
lent its support to that of business, polling, referred to in interviews by weathering the political headwinds. John Fallon, chief executive of
with an editorial comment saying the Mayor during October, showed Sales and orders, domestically and FTSE100 educational products and
that the regular threat of industri- that only nine per cent of businesses for export, reached their highest lev- services company Pearson, was elect-
al action ran the risk of impacting said they were prepared for a no deal els on balance in at least a year, whilst ed to this position in September and
London’s reputation as a thriving, Brexit. Of those who are prepared or business investment and cashflow was welcomed by LCCI with cover-
open city. who are planning – 26 per cent cut indicators saw the biggest increase age in Politico London Playbook and
back on investment in the UK and since the start of 2016. The launch of City AM.
Investment 20 per cent cut back on investment the latest results was covered by The
Brexit will also challenge London’s in London. Times, Metro, City AM, On London, Steven Reilly-Hii is senior media
thriving and open reputation. LCCI Despite the challenge presented, and London Loves Business. relations manager at LCCINovember 2019 Your business 13
Climate changes
SPONSORED COLUMN
More changes
to the taxation
of UK property
By Chris Sparkes, Tax Partner,
Lubbock Fine Chartered Accountants
Owners of UK property have There are provisions to allow tax
had to cope with myriad losses accumulated pre-April
changes to UK tax law in recent 2020 to be carried into the new
years, and another major regime, however, certain aspects
change will be implemented of how this will work are still
from April 2020 when offshore unclear, and property owners
companies which own UK will need to ensure that they
commercial or residential fully understand the corporate
property will become subject to loss relief rules in order to assess
UK corporation tax. the timing and availability of loss
relief in the new regime.
The use of offshore companies
to hold UK property has been Non-resident companies will fall
common for many years, but within the corporate interest
the changes introduced in restriction rules for the first
April next year could produce time. The rules can be very
significant adverse tax complex to apply in practice
consequences for some non- and can lead to potentially
resident entities. The owners significant restrictions in interest
of such companies should deductions for companies or
review the suitability of their groups with UK net interest
current structure in light of the expense over £2m per annum.
upcoming changes whilst there These rules could have a
is still time to implement any particularly significant impact on
restructuring that is required. property companies given the
way they are typically funded.
What’s changing? The sale
of UK residential property Non-resident companies will
has been taxable for offshore also be subject to corporation
companies since April 2015, tax on capital gains made
but from April 2020 non-UK on disposals of UK property,
companies receiving taxable although this will only apply to
income from the UK will fall gains accrued from April 2019.
within the UK corporate tax The legislation catches both
The environmentalist action to maintain a presence – after regime. Thus, in general, such direct and indirect disposals
group Extinction Rebellion ten days. Among the estimated companies will for the first time and will catch a disposal of a
took to the streets of London 1,500 arrests (about 80 resulting be subject to UK corporate loss 25% or greater interest in a
last month in an effort to make in charges so far) was Princess relief rules, the rules restricting ‘property rich’ company. Again,
political leader take action on Marie-Esméralda of Belgium
corporate interest deductions the implications of this need to
climate change. who joined a sit-in protest.
and the corporate capital gains be assessed.
Events in Trafalgar Square, Also last month the creation
regime. There will be winners
Whitehall and the City featured was announced of a new cabinet
music (samba drums were committee, chaired by the Prime and losers, but the implications Time is running out to
prominent), ‘funeral processions’, Minister, to coordinate – and are potentially far reaching. plan and implement and
supportive speakers such as drive – action to cut emissions Let’s briefly look at each area any restructuring that
Stanley Johnson, and actors across the government. in turn. may be required.
including Mark Rylance and
The move follows criticism that
Benedict Cumberbatch.
some departments have failed
Presence to play their part in combating Lubbock Fine
Originally planned for a two- global heating.” Paternoster House
week period, the protests were 65 St Paul’s Churchyard
Photographs by Kathy Melia London EC4M 8AB
closed down by the police – who
had employed huge resources t +44 (0)20 7490 7766
www.lubbockfine.co.uk14 International November 2019
Bangladesh’s remarkable story
The last decade has have a progressive, outward looking
witnessed dramatic government implementing social
developments reforms and improving health-
in Bangladesh. care availability, education and the
With a consistent upward empowerment of women. On the
economic trajectory, this other you have the development of
surprising manufacturing infrastructure, from roads to power
powerhouse demonstrates plants. Bangladesh is powering its
a powerful tale of hard work nation forward and offering the op-
and determination – that of a portunity to be part of this exciting
people and their leader writes journey.
Sophia Shepodd The British Bangladesh Chamber
T
of Commerce and Industry (BBC-
he story begins with Bangla- CI), based in London, encourages
desh’s ready-made garments greater bi-lateral trade links and
(RMG) sector illustrating the narrow the trade deficit between the
entrepreneurialism of the Bangladeshi UK and Bangladesh. There is a mar-
people. Bangladesh now performs “And that remains a enor which is the major stakehold- ket for British engineering and tech-
only behind China in the production er in Grameenphone (the bringer nical products and services and it is
and export of RMG and the success of continuing thread of GSM technology to Bangladesh) just a matter of encouraging British
this sector has set the precedent for a
booming manufacturing hub which
within the fabric of consider this one of their greatest
ever investments.
companies to recognise Bangladesh
as part of their international expan-
now produces quality products from Bangladesh’s story; And that remains a continuing sion plans – the diaspora have been
homewares to body wash. thread within the fabric of Bangla- investing for years and now the se-
a young and desh’s story; a young and passionate cret is out.
Growth passionate people people willing to try and try again.
The Made in Bangladesh label This spirit is flowing over into a Next year the BBCCI is organising
has done wonders to put the little willing to try and try plethora of sectors. For example a trade mission to Bangladesh for
South Asian nation on the map, and
every year since 2005 Bangladesh has
again.” aquafarming dominates the global
prawn world and is now flourish-
delegates to see at first hand the
opportunities in the market.
ranked amongst the top 10 nations ter which has the international in- ing in Bangladesh having grown as
for economic growth with an average vestor community enthralled. The a sector by 1,580 per cent since the Sophia Shepodd is an
of six per cent per year. Between 2009 government’s implementation of mid-1980s. independent consultant who
and 2017 Bangladesh’s economy ex- the Digital Bangladesh programme By the time we reach 2021 (the has spent time in Bangladesh’s
panded 150 per cent - and that is why and the quick uptake of technology year which marks Bangladesh’s 50th capital Dhaka. For more
by 2024 Bangladesh will have the and connectivity of the Bangladeshi anniversary as an independent na- information on doing business
same economic ranking as investor people, has led many to believe it tion) Sheikh Hasina the country’s with Bangladesh or participating
hot beds Mexico, Turkey and India. is only a matter of time before out- Prime Minister will have made in the 2020 trade mission
This young nation has started to at- sourcing becomes a major source Bangladesh a middle-income socie- contact BBCCI president
tract serious international interest of income. Anyone who has visited ty with all the attendant investment Bashir Ahmed on
and in March the UN Development Bangladesh will know that the peo- opportunities, for example in the bahmed242@yahoo.com
Programme upgraded Bangladesh ple love their mobile phones – it has FMCG market.
from ‘least developed’ to ‘developing’ been recorded that 145 of the 166
country status. million Bangladeshi people are mo- Powering
bile phone subscribers, the majority Growth requires support howev-
Digital of whom have subscribed in the last er, and this support in Bangladesh
But it is Bangladesh’s next chap- 15 years. No wonder Norway’s Tel- is two-fold. On the one hand you
Defence of
the realm
Rt Hon Lord Arbuthnot of Edrom was the guest
speaker at last month’s LCCI Defence private lunch
at Scott’s in Mayfair.
Well known to the Chamber from his time as
Minister of State for Defence Procurement and
chair of the House of Commons Defence Select
Committee, Lord Arbuthnot is now chairman of the
Advisory Board of Thales (UK).
The lunch was hosted by Brett Lovegrove, chairman
of the LCCI defence and security group and director
of Valentis Bridge.November 2019 International 15
SPONSORED COLUMN
Overseas business opportunities
From Brexit to beyond – why
Do you want to access a selection of business co-operation offers
made by European companies wishing to work with UK firms?
organisations need resilience
Every month Enterprise Europe Network publishes a Business
Opportunities in Europe Bulletin, which contains the latest We’re on the brink of
co-operation offers from companies across the EU and beyond. recession. Robots are
To find out more about this issue’s listed overseas business stealing our jobs. There’s
opportunities or to subscribe to the bulletin contact Enterprise a global skills shortage
Europe Network London at enterprise.europe@londonchamber.co.uk and Brexit has blown the
or 020 7248 1992. lid off Westminster.
Belgium These are just some
An ambitious and young company specialising in designing and worries organisations
producing home accessories and gifts, casts composite materials in silicone
may have as we
moulds and creates their own silicone moulds. Because of increased
demand and only limited production capacity the company is looking for a face unprecedented to positively lead through times
production partner abroad. strategic challenges from of change by avoiding crisis and
REF: BRBE20190909001 political, social and economic staying in control. Investing
upheaval. The working world is in continuous learning for
Italy being recast and necessitating employees also builds resilience
A start-up from Trentino region has developed an innovative food the need for organisations to by developing their abilities to
product: a special mayonnaise exclusively made from vegetable ingredients show resilience and courage promote innovation and diminish
instead of animal-derived ones. The company is looking for new clients in in the face of change. the prospect of failure holding
foreign markets such as agents and distributors. them back.
REF: BOIT20190809001
But what are the key attributes
France for organisational resilience, and Corporate cultures should
Company is looking for partners in Europe to install or maintain where does it start? be centred on embracing
multimedia equipment such as digital signage, kiosks, video conference, transformation with workers
video projection, audio, and cabling. Services agreements are offered to The BSI defines organisational having job autonomy. Those
partners especially in European countries. resilience as ‘the ability of an working with risk and change
REF: BRFR20190923001 organisation to anticipate, are rewarded with the
prepare for, respond and adapt capacity to meet challenges
Portugal to incremental change and head on by identifying new
A company from Madeira Island specialises in the production of
sudden disruptions in order opportunities that can be tied
traditional regional cakes, biscuits and candies is seeking distributors to sell
its products abroad through a service agreement. to survive and prosper.’ into strategic planning.
REF: BOPT20190808001
Put simply, resilience is a key If you would like to do more
Germany objective for organisations and to safeguard or augment your
SME has developed an e-commerce platform to boost the sale enables businesses to be more organisation’s resilience, our
of sustainable and aesthetically desirable products of high quality. They flexible, agile and stronger when team of consultant coaches can
are looking for partners in the fields of cosmetics and home and fashion
faced with market pressures. work with you to identify where
accessories with a focus on sustainability, fair trade and transparency who
change might be happening and
are interested in offering their products and brands via the SME platform
under a commercial agency agreement. Risk-free businesses are a myth advise on where coaching would
REF: BRDE20190923001 and organisations that are risk- be most beneficial by managing
adverse could fall by the wayside. change and unlocking long-term
Spain However, leaders do need to have growth. Being able to determine
SME has developed an easy-to-use and portable tool designed for clarity of thought and take rapid and address any vulnerabilities
both physiotherapists and patients that allows the treatment of muscle
action to counter any threats. will enable you to become more
contractions or overloads. Its innovation lies in its versatility to be used in
adaptable and agile in this new
different body regions and for different types of applications, thanks to its
three treatment zones. The company is looking for companies interested Executives cannot rely on old digital age.
in distribution services agreements for product commercialisation. leadership and management
REF: BOES20190926001 models if they are to assert The AoEC is a leading global
control. Every option needs provider of accredited coach
Singapore exploring and that means training and executive coaching
An integrated solutions provider for the waste handling equipment
adopting a flexible leadership within organisations. If you would
industry specialises in product design, fabrication, maintenance, servicing,
style where decision making is like to attend a regular open event
and repairing of waste management equipment. The company is looking
for European partners to distribute their waste handling equipment via done in collaboration with others. or know more, please visit
distribution services agreement. www.aoec.com or call
REF: BOSG20190819001 Resilience is both an individual 020 7127 5125.
and organisational capability,
Romania but there is no one solution
Exporter seeks long term partnerships with manufacturers
to fit all. To achieve resilience,
of high-quality speciality foods aimed at the delicatessen
organisations need to be
and food service industries. The company wants to act as an
agent and represent food products produced mainly from EU managed more effectively
countries and US market in Romanian and other markets. to remove silos, improve
REF: BRRO20190423001 communication, clarify purpose
and to improve processes.
A coaching approach can be used
to prepare leaders and managersYou can also read
