The UK financial services sector is yet to see a strong and able leader post-Brexit, causing UK sector competitiveness and threatened jobs, says Chartered Institute for Securities & Investment (CISI).
In The Review, the CISI’s quarterly member magazine, the CISI notes that for three weeks since the EU referendum on 24 June there has been a complete leadership vacuum in financial services – particularly given that it is one of the economy’s most important sectors and “one over which other EU financial centres are salivating at the real prospect of attracting business away from the UK.”
At a time of great uncertainty the City needed a person, or organisation, to provide reassurance, vision, purpose and dynamism, says the article.
Although the regulators have been actively talking to their key constituents and the financial institutions, and advisory firms have been contacting their customers and reassuring them, public leadership for the whole financial sector has been missing, according to CISI’s The Review.
“The financial services sector urgently needs an articulate, communicative leader who should be highly visible. He or she should have been giving press interviews, appearing on TV and radio and exploiting social media to the hilt with a constant message, promoting financial services, calming nervous employees and customers, setting out what is needed in future negotiations and expanding on the positive opportunities ahead.
The last time there was a major uncertainty in the financial sector was in 2007.
“Then, Angela Knight CBE FCSI(Hon), the passionate, energetic former head of the British Bankers Association and de facto spokesman for the banking and finance sector, was everywhere. On some days she carried the industry’s standard in more than a dozen media interviews. She was regularly on panels and live TV debates, always putting forward the industry’s perspective and plans, giving direction and pushing the case for the sector”, says The Review.
The article goes on to compare this level of activity on behalf of the financial services sector with the reaction to Brexit in 2016: “Where are all the trade bodies, corporations, local MPs and other organisations that represent the constituent parts of financial services?”
Simon Culhane, Chartered FCSI and CISI Chief Executive said: “There have been a number of discussions beneath the radar, but that’s not good enough. What the sector needs is a public, loud, visible champion communicator. Instead there has been almost total silence and zero direction or reassurance. It is no wonder that a new body, City United, is emerging to fill the vacuum.”
“There are strong winds from Europe now, threatening our sector. Our industry’s one million employees deserve more than fair weather leaders; they deserve men and women who will step up to the plate quickly. If our present captains are not prepared to chart our course to a successful Brexit, as our new Prime Minister and her ‘Ministry for Brexit’ will rightly demand, we – and she – must find and welcome others who are prepared to do so, and quickly.”
A Good Look At How Homes Will Become More Energy Efficient Soon
Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.
There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.
1. The Rise Of Smart Windows
When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.
If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.
2. A Better Way To Cool Roofs
If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.
Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.
3. Low-E Windows Taking Over
It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.
They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.
4. Magnets Will Cool Fridges
Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.
The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.
5. Improving Our Current LEDs
Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.
That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.
Maybe Homes Will Look Different Too
Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.
ShutterStock – Stock photo ID: 613912244
IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”
IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.
Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.
Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.
Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:
“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.
We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.
There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.
We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”