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PS News Roundup 5 April 2019

PS News Roundup 5 April 2019

Welcome to the first of our weekly news round ups for April. Every week we will be highlight a selection of the biggest news stories to happen across the North East, UK and rest of the world.  

This week we again take a look at the latest happenings in Brexit, Emirates Airlines plans to introduce drone travel, LinkedIn’s top companies of 2019 and more.  

North East  

Ben Houchen and the SSI deal  

Progress has been made this week on a deal to bring the ownership of the 870-acre former site of the SSI steel works back to public possession.  

South Tees Development Corporation has now signed an executive order to begin compulsory purchase order proceedings.  

However, the deal could take up to 15 months to complete due to the current owners of the site’s willingness to oppose the deal.  

Negotiations to purchase the SSI site began in May 2017 and numerous attempts have been made to negotiate a sale.  

Ben Houchen said: “I’m not prepared to write blank cheques and won’t be held to ransom by three foreign banks, that’s why today I started compulsory purchase proceedings to take back control of the Redcar steelworks.” 


 Brexit update 

Theresa May has faced yet another pivotal week in the Brexit saga.  

The PM held a massive 5-hour cabinet meeting on Tuesday to try to make progress on support for her deal. This followed the rejection of four alternative proposals by MPs on Monday evening.  

The leader of the Conservatives has approached her opposite number, Jeremy Corbyn, in order to find a solution to the Brexit conundrum much to the chagrin of hardliners such as Jacob Rees Mogg.   

Wednesday was a busy day. The House of Commons voted in favour of a second extension to Brexit, the threat of a second referendum was still looming and two of May’s ministers resigned over a potential arrangement with the Labour Party.   

Thursday saw Brexit talks be postponed in the Houses of Parliament due to a water leak and on Friday, May officially asked the EU for a further extension until 30 June by way of a letter to European Council President Donald Tusk.  

Rest of the world  

Google Pay  

This week it emerged that employees of Google in the UK raked in an average £226k each in 2018 due to Google’s rocketing share price.  

Google’s stock scheme, which see’s employees have the opportunity to own shares in the tech giant, paid out a whopping £350m to all 3,658 employees in the country.  

Last year’s total saw more than a 56% increase on the previous 12 months. 

According to accounts Google also paid around £66.8m in tax in 2018 and saw a revenue of £1.4bn.   

LinkedIn’s Top 250 Companies  

LinkedIn has announced its fourth annual list of the top 25 companies to work for in the UK.  

Using information inputted into the professional social network, LinkedIn looks at which companies are attracting the most attention from job seekers.  

Heading up the list for 2019 was Amazon with over 27,500 employees located in London, Luton and Manchester. Other top companies included Sainsbury’s, Bupa, Barclays and BP.  

Footing the list was electronic manufacturer GE, investment management firm Schroders and design company Atkins.  

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