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SkillsServe is evolving into Unicorn LMS

As our loyal customers and partners will know, the Unicorn Learning Management System – SkillsServe – has been an integral part of our offering for many years. Built on nearly thirty years of experience supporting organisations’ often complex learning needs, SkillsServe has continually evolved to support the changing regulatory requirements that have characterised the Financial Services and related industries in recent years.

SkillsServe becomes the Unicorn LMS

When we launched our first LMS (“StudyServe”) back in 2005, little did we know that a decade later, its successor SkillsServe would be ranked number one in the world for the financial sector. Two years on, the platform has continued to evolve and we still hold that #1 position, and are ranked #3 globally among all LMS platforms.

But guess what? Things are changing – from this month, SkillsServe is officially being renamed as Unicorn LMS.

Woman sat at a desk using her laptop with Unicorn LMS visible on the screen

Why are things changing?

With a complete overhaul of the corporate website, brand new mobile products set for launch, and a serious drive to build our custom content services all in the pipeline in 2017, we’re making a concerted effort to bring clarity across the Unicorn portfolio.

Renaming SkillsServe as Unicorn LMS forges a tighter link between our award-winning learning management system and the Unicorn brand – as well as reflecting our commitment to quality and simplicity across all our products and services (doing what it says on the tin, some might say!)

Two screens side by side showing different screen grabs from the newest version of Unicorn LMS

What is changing?

Starting with the rollout of the new website in the next few weeks, all Unicorn sales and marketing materials will refer to ‘Unicorn LMS’ instead of SkillsServe – including support documents, the blog, and the help forum.

We will be upgrading the SkillsServe app to offer more features and functions, as well as a slick new look and feel. From this point on, the SkillsServe App will be renamed as ‘Learning Path’.

Finally, as well as our Helpdesk and Relationship Management teams adopting the name ‘Unicorn LMS’ in communications and general conversation, all new single tenancy client sites from this point forward will be implemented on the unicornlms.com domain name.

Log in screen showing the old welcome message for SkillsServe LMS

SkillsServe has had various incarnations over the years – this pre-login page was replaced with the new design (below) with the arrival of version 6.0.

Screen showing the most recent pre login page for the Unicorn LMS

The most up to date version of Unicorn LMS gives customers the option to further customise their unique learning portal to suit them.

What is not changing?

Existing customers using a skillsserve.com domain name will continue to use this. We have made this decision because many clients have integrations that depend on this and we don’t want to cause unnecessary problems for them.

ComplianceServe and ContentServe will remain as they are and there are no plans to rebrand these products.

What should you do?

If you are an existing customer and you’d like more information about the rebranding of SkillsServe to Unicorn LMS, please don’t hesitate to contact the Helpdesk or speak to your Relationship Manager.

Otherwise, simply keep using your LMS as you were, and be sure to keep your eyes peeled as we get closer to the launch of our new public website! Want to always be in the loop? Make sure you’re subscribed to this blog (all subscriptions will be carried across to our new Unicorn blog when the new site arrives.)

Unicorn Summer Client Forum Announced

Although it still feels like 2017 has only just arrived, we’re very nearly into May, which means it’s time for our next Client Forum!

Thanks to a brand new structure (and a little help from a beautiful City venue) our Autumn Forum in October last year was by far our best to date, and we can’t wait to share what we’ve been up to since then.

Image showing visitors at the Autumn Unicorn Client Forum at 40 Bank Street Canary Wharf

As part of our commitment to great customer support, we believe it’s important to keep running these forums in order to give you the chance to hear about new products and services, industry trends and future developments first hand. With this in mind, the next Unicorn Client Forum will be held on Thursday 8th June, at the O2 Intercontinental Hotel, 1 Waterview Drive, London.

London the O2 showing the dome, thames, city and intercontinental hotel which is where we will hold the next client forum

The Summer Forum will offer a range of sessions from our Senior Relationship Management Team, Product Managers, Executive Team, Clients and Special Guests (keynote). Following the launch of our Learning Ecosphere whitepaper at Learning Technologies back in February, we will continue to address themes of new technology, engagement and changing behaviours in corporate learning.

Unicorn Marketing Manager Abi introduces guests to the day's itinerary at the Autumn Client Forum

Throughout the day we will also be offering sessions on Cyber Awareness, GRC (including T&C, GDPR and MiFID II) and showcasing our brand new reinforcement app, Minds-i, following its official launch at ATD in Atlanta.

A full session breakdown and registration portal will be available this week and can be found by contacting your Unicorn Relationship Manager, or the Marketing Team.

Unicorn Summer Forum June 2017 at the O2 Intercontinental Hotel
**Please note that we will be starting this event late morning to allow you time to vote in the UK General Election. We will have a live feed throughout the day, and anyone concerned about timings can still register for a postal vote by following this link.**

Unicorn to Launch New Mobile Learning Reinforcement App at ATD 2017

Discover how your business can harness the power of informal learning when Unicorn Training launches its new Minds-i App at the ATD 2017 International Conference and Expo in Atlanta, Georgia next month (21-24 May).

Minds-i has been designed in response to client-demand to tap into the potential and power of self-directed informal, mobile-first learning, to complement and reinforce enterprise-driven formal learning activities.

Minds-i is a brand new mobile learning app from Unicorn

Minds-i puts a range of microlearning nuggets into the pockets of learners, and encourages individuals to explore and build their own personal learning journeys. It comes ready populated with quality content from leading international content providers. In addition you can create and curate your own company library of content (videos, quizzes, pdfs, etc).

Learning paths can also be generated and you can ‘nudge’ your learning community to follow these at convenient intervals to reinforce specific formal learning activities. Simple gamification and social features encourage users to engage and return.

Minds-i also includes a new intelligent web content curation engine. Choose up to 25 from a list of 100 learning topics to make available to your learners. The App searches the web twice every day and returns the most relevant new content. Each user can then create their own pinboards of the best new stuff, and recommend it to other users.

As Unicorn CEO Peter Phillips explains: “The days of L&D spoon-feeding learners are numbered. Informal learning constructs, such as just-in-time microlearning, mobile delivery, Bring Your Own Device, gamified learning and social media, all present a wealth of opportunities through which to nurture a hunger in employees to learn.

“All the evidence suggests people will collaborate, share and discuss more freely in an environment of trust, where they don’t feel monitored or evaluated. Minds-i lets L&D dip a toe into the world of informal learning without breaking the bank, giving learners ownership of their learning and so greatly enhancing its effectiveness.”

Steve Rayson of curation experts Anders Pink, added: “Everyone’s skills have a half-life, but despite good intentions, most people don’t have time to check multiple sources to stay up to date. This is why curation is a key aspect of enabling continuous learning.

“Curation makes a business more agile, responsive, and at a lower cost than creating formal learning. It is not meant to replace courses, which have value in taking people to a certain knowledge level. But courses are fixed and time-consuming to maintain. Live curated content alongside courses adds value and relevance to the learning.”

With a beautifully designed, intuitive user interface, Minds-i will be fun to use, and will encourage self-directed, personal learning. Behind the scenes, administrators can view management information, add new content, create learning paths and communicate direct with your learning community through their mobile devices.

Intrigued? Would you like to learn more? Come and discover Minds-i. Visit Unicorn Training at stand 645 at ATD, or go to www.unicorntraining.com for more information.

Unicorn LMS is #1 for Financial Services, and #3 globally!

After what can only be described as a fantastic Learning Technologies show this month, we’re also delighted to announce that Unicorn LMS has been ranked third in the world – and top overall for financial services for the third successive year. The news comes as Craig Weiss releases his latest Top 50 LMS Report for 2017.

Bronze LMS 2017 from Craig Weiss for Unicorn LMSThe much-anticipated annual report analyses more than 1,000 LMSs from across world and looks at each system’s niche assets to rank the best of the best.

It’s been a big 12 months for Unicorn LMS, which has not only undergone a name change from SkillsServe but has also again upped the ante, particularly in terms of usability and mobile integration, as acknowledged by Weiss in unveiling his report.

“The name is changing from SkillsServe and the product stayed the same. Wait, scratch that, it has gotten way better,” he said.

“A new UI/UX makes a huge difference for this very strong system for compliance / regulatory (regardless of your vertical). If you are in financial services mind you, this is a system you should be looking at.”

The report also singles out the newest addition to Unicorn LMS’ compatible app suite, Minds-I, for special attention, with Weiss describing it as “by far the coolest thing I’ve seen this year”.

Minds-i learning reinforcement app from Unicorn

Minds-i harnesses the power of informal learning by enabling firms to take the best of the web and expertly curate content on topics of their choice to encourage the learner to explore. Learning becomes self-directed, user driven and personal while its just-in-time micro-bite content makes learning relevant in a real world context.

Unicorn LMS, which is set to get its official re-launch this April, first featured in the Top 50 LMSs Report top five in 2015 and has moved up a place each year since while holding on to the best financial services LMS throughout that time too.

Peter Phillips, Unicorn CEO, said: We are honoured to have been ranked number one in the world for our sector for the third year in succession.

The improvement in our overall global ranking to a new high of #3 in 2017 reflects Unicorn’s commitment to continued investment in improving our LMS, to anticipate and meet the developing needs of our customers.

I would also like to congratulate the other LMS products in Craig’s top 3, Growth Engineering and eLogic, both of which are outstanding solutions in their chosen markets. It is particularly pleasing to see two UK companies in the top three!”

Unicorn to launch new ‘Learning Ecosphere’ white paper at Learning Technologies

Unicorn is to launch the Learning Ecosphere at next month’s Learning Technologies show, which introduces a brand new way of reimagining the dichotomy of traditional vs new eLearning.

The explosion in digital and social technologies holds great promise for L&D professionals, and the learning community is rightly excited by the potential of collaborative learning, point-of-need performance support, serious games and even augmented reality.

But amid the hype, how do enterprises identify what is relevant, affordable and good value, in the context of the practical day to day demands on time, budgets and resources?

This is the focus of a new White Paper being launched by Unicorn Training at the Learning Technologies conference and exhibition next month.lt-unicorn-1small

The Unicorn ‘Learning Ecosphere’ reimagines learning in the context of balancing enterprise-focused ‘you must learn’ and learner-focused ‘I want to learn’ demands.

The White Paper argues that a firm’s learning strategy does not have to sit on one side or the other, rather seeing the possibilities for utilising different technologies to create a better blend and balance in an overall learning approach.

The free ‘Learning Ecosphere’ White Paper can be picked up from stand P14 on both days of the Learning Technologies exhibition at Olympia on 1-2 February.

Governance, Risk and Compliance (GRC), custom content, LMS and apps/games are all key elements within the Learning Ecosphere, and Unicorn will be showcasing its solutions in each of these and explaining how, far from being in competition, the ‘new’ and ‘old worlds of learning technologies, are, in fact, complementary.

There will even be the chance to win a giant Unicorn (yes you did read that right!) by having a go at Unicorn’s new app-based game, Quizcom. This gamified application allows firms to manage their own question banks to create quizzes and push them to individuals or groups of learners. Who doesn’t need a giant Unicorn in their life?

Peter Phillips, Unicorn CEO, said:

“The mobile revolution has opened up exciting new opportunities for L&D to radically improve the effectiveness of their investment in learning. But mobile learning is inherently different from, and does not replace, the more traditional enterprise led training. We still need to ensure staff are safe and competent to do their jobs.

“The Learning Ecosphere is designed to help businesses to recognise what new pieces of the learning jigsaw might be missing in their business and how it is possible to make the many different elements on both sides work harmoniously together.

“What is needed is balance, and anyone visiting the Unicorn stand at Learning Technologies will go away with a much clearer understanding of how that balance could potentially be achieved within their business.”

More information about Unicorn Training is available at www.unicorntraining.com and registration for free entry to the Learning Technologies and Learning and Skills 2017 exhibitions and seminars is available at www.learningtechnologies.co.uk

Have you read our new T-C News feature? So what is your compliance strategy?

T-C News cover imageRegulation is only going one way, equaling an ever growing need to evidence competency.

With 52,000 more  firms due to come under the Senior Managers Regime by 2018, in the new T-C News magazine Simon Mercer, Unicorn ComplianceServe Product Manager, asks ‘What’s your training strategy for compliance?’

“Do not put it under the jurisdiction of Compliance or HR”, Simon argues. “It has to be championed by a Senior Manager and driven from the top down.”

Find out why by downloading the January 2017 edition of T-C News for free from the website at www.t-cnews.co.uk

 

Highs and Lows: Everything you need to know about today’s Autumn Statement

If you’re anything like us, you may well have been glued to the BBC all morning. It seems ludicrous to think that it’s a whole twelve months since we were last sat here awaiting George Osborne’s spending pledges to infrastructure and changes to personal tax thresholds – in fact, we couldn’t have imagined a more turbulent year if we’d tried. In the wake of the summer’s Brexit vote, as well as Trump’s meteoric rise to office in the US election, many feel that 2016 has been something of a rollercoaster ride, and one that looks set to continue into the foreseeable future.

One thing is for certain – at a critical time in the UK’s political and economic life, we are in need of political leadership with a vision to meet the coming challenges.

Whatever the public feeling about his predecessor, Hammond was keen to highlight the differences between himself and Mr Osborne as he addressed parliament and the watching nation this afternoon. With an overarching message that the government’s aim is to ensure that, “the UK economy is “match-fit” for the transition that will follow the Brexit vote,” Hammond maintained the need to continue with a, “commitment to fiscal discipline”, while recognising the need for investment to drive productivity”.

Big Ben, the Palace of Westminster

Three fiscal rules for budget responsibility charter

First, the public finances should be returned to balance as early as possible in the next parliament, and in the interim cyclically adjusted borrowing should be below 2% by the end of this parliament.

Second, public sector net debt as a share of GDP must be falling by the end of this parliament, and third, that welfare spending must be within a cap set by the government and monitored by the OBR.

As the announcements continue to come thick and fast from Westminster’s live stream, here’s a quick rundown of the highlights…

Innovation and infrastructure

  • £1.1bn extra investment in English local transport networks
  • £220m to reduce traffic pinch points
  • More than £1bn for digital infrastructure and 100% business rates relief on new fibre infrastructure
  • £2bn per year by 2020 for research and development funding

Housing

  • A £2.3bn pledge over the next 5 years to help provide 100,000 new homes in high-demand areas
  • £1.4bn to deliver 40,000 extra affordable homes


The state of the economy

  • Promises of “fiscal headroom” to support the economy through Brexit
  • Office for Budget Responsibility growth forecast upgraded to 2.1% in 2016, then downgraded to 1.4% in 2017
  • OBR forecasts growth of 1.7% in 2018, 2.1% in 2019 and 2020 and 2% in 2021
  • Government no longer seeking a budget surplus in 2019-20 – Mr Hammond says he is committed to returning public finances to balance “as soon as practicable”

Other highlights

  • A ban on upfront fees charged by letting agents in England
  • National Living Wage to rise to £7.50 from April next year
  • Reduction in the rate at which benefits are withdrawn from people when they start work
  • Tax on insurance to rise to 12%
  • Personal allowance threshold protected at £12,500
  • Fuel duty frozen

For a full rundown of this afternoon’s Autumn Statement – including closing announcements that will see future statements delivered in the Spring, with the full budget being moved to Autumn – head over to BBC breaking news for a complete live feed.

Why None of us are Above Cyber Attacks: How Hackers Broke into John Podesta and Colin Powell’s Gmail Accounts

It’s fair to say that when it comes to high profile cyber security failures, the past twelve months have seen more than their fair share.

As if the loss of customer data in TalkTalk-gate wasn’t enough, 2016 brought fresh attacks on the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network, costing a number of banks both their reputations and tens of millions in losses. But why do security breaches keep befalling global giants who pump millions into their cyber security initiatives?

Computer keyboard secured with chain and padlock representing cyber security

Organisations or individuals?

When reports of cyber-attacks hit the headlines, the press are quick to condemn the overarching failings of the organisations in question. Given that global consumer businesses are in possession of vast amounts of private customer data, it’s little wonder that the kneejerk reaction to security failures on this scale is anger. But with user error often relegated to a single line in damming press pieces, it’s easy to miss a common trend across many of these cases: that initial access to an otherwise secure system was granted by the accidental opening of an email, or a click on a seemingly innocuous link by somebody within the organisation.

If we’re looking for evidence in support of this statement, all we need do is delve a little deeper into the mountain of reports into these instances that are available on the web. In fact, one report published earlier this year in the Federal Times noted that as much as fifty percent of all cyber breaches and data leaks can be attributed to human error.

In short, in this era of increasingly sophisticated cyber threats, a critical truth remains: your firewall can be as sophisticated as you like, but it means nothing if your people aren’t armed with the right knowledge.

Falling foul of cybercriminals can happen to anyone

In spite of the usual dialogue of blame that implies a certain ‘stupidity’ on the part of the staff in question, the reality of human-error data breaches is that they happen often enough to highlight a genuine problem with education around information security. There was perhaps a time when malicious phishing emails were laughably obvious, but with the ever-increasing sophistication of available technology, and smarter social engineering, falling foul of a cyber-attack can quite literally happen to anyone.

Never has this been illustrated more than by the recent email leaks from senior officials in Hillary Clinton’s US presidential election campaign.

Hillary Clinton talking on Paris TV last year

Case in point: How hackers infiltrated the Clinton Clan

Back in March, John Podesta – former chief of staff to the Whitehouse and Chairman of the 2016 Clinton campaign – received an email that appeared to come from Google. It wasn’t until some months later, in October of this year, when hundreds of Podesta’s private personal emails began to appear on WikiLeaks that officials were alerted to any data breach. Rather than a legitimate Google security alert, what Podesta had received was a well-disguised phishing message designed to dupe him into giving up the password to his Gmail account.

Of course when news of the hack broke, people were quick to point the finger at Russia. With mounting international tensions, and the profile of notorious hacking group Fancy Bears continuing to rise, such accusations were hardly unexpected.

The phishing email sent to John Podesta by Fancy Bears

The subsequent investigation into exactly where this particular email came from claimed to have traced the malicious URL contained within it to a single account on the popular URL shortening service, Bitly. Using a Bitly short-link, hackers concealed a longer link which, to the untrained eye, looked very much like a legitimate Google URL. Within this was a 30-character string that contained the encoded Gmail address of John Podesta.

Screen grab showing the malicious bitly link responsible for the Podesta hack

 

The Bitly account used in this attack was found to be the very same one responsible for generating malicious short links used in a significant number of other hacks on members of the National Democratic Committee (including one on former Secretary of State, Colin Powell, where his private emails later appeared on the website DC Leaks.) Investigators at cyber firm SecureWorks also claimed to have been able to trace ownership of the Bitly to a domain under the control of Fancy Bears when they discovered that privacy settings had not been activated on the account.

Using Bitly allowed third parties to see their entire campaign including all their targets— something you’d want to keep secret
– Tom Finney, Researcher at SecureWorks

“It’s unclear why the hackers used the encoded strings, which effectively reveal their targets to anyone,” said Kyle Ehmke, a threat intelligence researcher at security firm ThreatConnect. “[Perhaps] the strings might help them keep track of or better organize their operations, tailor credential harvesting pages to specific victims, monitor the effectiveness of their operations, or diffuse their operations against various targets across several URLs to facilitate continuity should one of the URLs be discovered.”

As it stands, investigators have drawn connections between nearly 9000 malicious phishing emails used to target 4000 individuals across the US and Europe – all seemingly originating from Fancy Bears. The Podesta hack was not the first time the Bears have made the headlines; their connections to the Kremlin have remained the subject of speculation for some time following their meteoric rise to media fame when they leaked documents from WADA (The World Anti-Doping Agency) incriminating American athletes. Whether there is any truth in claims of suspected Russian ties remains to be seen – but if the authorities are in possession of any hard evidence, such information is unsurprisingly not in the public domain.

The use of popular link shortening services such as Bitly or Tinyurl [that left an uncharacteristic trail] might have a simple explanation – the hackers probably wanted to make sure their phishing attempts went past their targets’ spam filters
– Thomas Rid, King’s College London

What we do know is that in Podesta’s case, something as simple as apparently legitimate account security email has led even some of the most tech-savvy figures down the rabbit hole.

Phishing emails that even evaded Clinton’s IT team

Perhaps the most surprising thing of all in this account is the fact that John Podesta did actually report the email to his IT officers as suspicious – and was reassured that the request to reset is password was indeed ‘legitimate’:

The email from Podesta's IT team saying the phishing email was legitimate

To his credit, Mr Delavan does advise that Podesta uses an alternative (authentic) link to change his Gmail password, but was clearly also under the impression that this was a genuine Google security alert.

Clearly, Podesta had some awareness of phishing emails as a means to obtaining sensitive private data, but was ultimately still duped into giving hackers access to his account and surrendering sensitive private information to criminals.

Comment from Bitly

When avid tech-reporters Motherboard published their original series of articles covering the Clinton campaign hacks, they approached Bitly directly for comment. Their official reply, amongst stating that they ‘can only do so much’ when it comes to preventing use of their services for unlawful or malicious purposes, read as follows:

“The links and accounts related to this situation were blocked as soon as we were informed. This is not an exploit of Bitly, but an unfortunate exploit of Internet users through social engineering. It serves as a reminder that even the savviest, most sceptical users can be vulnerable to opening unsolicited emails.”
– Bitly, speaking to Motherboard

Lessons learnt – how do businesses protect themselves against cybercrime?

Irrespective of their size or stature, no firm wants to fall foul of cybercriminals. The reality is that the ‘wolf-in-sheep’s-clothing’ analogy runs deep – within an organisation as high-profile as the Clinton camp, even seasoned IT security professionals were tricked into believing that a phishing email sent to one of their most prominent officials was legitimate.

As the tech world continues to advance, there will always be instances where data breaches and malicious attacks mounted on organisations by cybercriminals will be effective. This said, with an estimated fifty-percent of cyber security breaches attributed to human error, businesses need to view the education of their entire workforce as a critical line in the defence against hackers and cybercrime.

 “We are all vulnerable, regardless of role or seniority”, says Mark Logsden, former Head of Cyber Security at AXELOS Global Best Practice. “The most effective way of managing this risk is via a good cyber awareness programme that promotes good cyber behaviours and teaches all staff about their role in maintaining the cyber resilience of the company.”

***

Still want more? Check out these other interesting resources
The fantastic original Motherboard article on the Podesta hack
Another piece on how Clinton’s IT team were duped by hackers
Interactive visualisation of the world’s biggest data breaches by sector/fault
Cyber Security Training from Unicorn in partnership with AXELOS GBP

 

New FCA Measures Continue to Support Firms’ Focus on Culture

In what has been a turbulent regulatory time, one thing has remained consistent throughout – the focus on culture change in the Financial Services sector. We are now six months into the new Senior Managers’ and Certification Regime, and the FCA has this week revealed plans to add more measures to further strengthen its success across the sector.

smr

It is reported that these new measures will continue to build on the regime’s focus on individual accountability, and clarify how firms are expected to view the roles of senior managers within their organisations. In support of the new regulations, the FCA is also set to publish a discussion paper about how those heading up the legal function in firms should be treated under the Senior Managers’ and Certification Regime.

Andrew Bailey, Chief Executive of the FCA, said: “Six months on and, in a great many cases, firms have made a substantial effort to get this right and embrace the importance of the key principles underlying the Senior Managers and Certification Regime, namely responsibility and accountability.”

Knowing who is responsible for what is critical for firms and regulators and we have seen genuine engagement on this from the Board down. – Andrew Bailey, Chief Executive, FCA

“Generally, we have observed that firms are taking their responsibilities seriously and have broadly got the regime right. But we recognise culture change takes time and there is still more to do. So we have to keep a watchful eye on the progress firms are making.”

Topics of responsibility, accountability and governance in financial services firms and their impact on conduct has been, and remains, a priority for the FCA with a focus on the most significant drivers of good or poor mindsets and behaviours. Ongoing focus around these new regulations is testament to the FCA’s determination to succeed in exacting cultural and behavioural change across the board – something that shows no sign of letting up.

The FCA has also confirmed to consult on a number of other areas in the coming months:

  • Guidance for Senior Managers on the ‘Duty of Responsibility’
  • A new requirement for UK branches of overseas banks to tell their UK based employees about the whistleblowing services offered by the FCA and the PRA
  • Extending the conduct rules to all non-executive directors of banks and insurers

Read more about the new Accountability Regime here.

Brexit talk: Ministers warn Britain could remain in the EU until 2019

Downing street is upping the pressure on ministers to begin implementing plans to leave the EU, it was reported this week.

Accusing Liam Fox – one of three cabinet ministers put in charge of overseeing Britain’s withdrawal from the EU – of ‘playing games’, Theresa May has made her position on government in-fighting clear. Such comments come as City sources claim that Britain’s exit from the EU is already looking likely to take place at least a year after first envisaged.

With government insiders talking of ‘chaos’ amongst the two new departments involved in overseeing Brexit, some believe that initial timelines are already well out of scope, and could be delayed even further if action is not taken soon. Indeed, murmurs about undermining public confidence have already started to surface from Tory backbench Eurosceptics.

Downing Street is the official office of the British Prime minister

However, Number 10 has dismissed talk of hesitation or departmental disarray as nonsensical, with Theresa May sending a clear message to press and public alike that Brexit is very much still ‘full steam ahead’. As things currently stand, the government looks set to trigger Article 50 – which will formally start the process for Britain’s departure from the EU – at the start of 2017. A Downing Street source said: ‘Everyone has a view on Article 50 and timetables. The Prime Minister has set up departments to implement Brexit and they need to get their ducks in a row – but we are looking at early next year. That is what the Prime Minister has told leaders of other EU countries. There is no indication that it is going to go further than that. We know that Brexit means Brexit and that we have to get on with it. It is full steam ahead.’

How this sits with senior banking figures – many of whom at June’s Annual Retail Banking Conference said they ‘welcomed the government’s decision not to invoke Article 50 with immediate effect – is still to be seen.


We do welcome the government’s decision not to invoke article 50 for now, as we do need time to plan for a stable and orderly transition for the banking sector. –Noreen Doyle, Chair BBA

Invoking article 50 will simply accelerate decisions that might otherwise have taken a decade. –Justin Bisseker, Pan-European Banks Analyst Schroders

With reports of playground power struggles between the so-called ‘three Brexiteers’ – Dr Fox, Mr Johnson and the Secretary for Exiting the EU, David Davis – Whitehall officials have apparently been braced for tension. In a leaked letter to Foreign Secretary Boris Johnson, International Trade Secretary Liam Fox effectively demanded the break-up of the Foreign Office in order to pass certain key responsibilities to his new department. Mrs May was swift to react to Mr Fox’s demands, wading in from her holiday in Switzerland to quash any rumour of such a shakeup and telling Mr Fox to ‘stop playing games’ and get on with the job in hand.

Naturally, such bickering has done little for the public’s perception of the key government figures trusted with the delicate and lengthy task of facilitating our departure from the EU.

Vote Leave Campaign Poster

On Tuesday it was also reported that Euro-sceptic Tories are already starting to fear that the government is shying away from its commitment to get Britain out of the EU – heading instead for what has been widely referred to as ‘Brexit Lite’. Plans are now thought to be in the pipeline for two cross-party groups to pressure the government into committing to a strict, public timeline for leaving. However, ministers are keen to be see to be erring on the side of caution for good reason, insisting that the potentially extended timeline is the best interests for allowing comprehensive negotiations before the departure is formalised.

As far as more clues to post-Brexit conditions, each week seems to bring new developments. Last weekend, Chancellor Philip Hammond announced that the billions of pounds of funding that currently comes from the EU to support farmers, scientists and other projects will now be provided by the Treasury. Estimated at a cost of close to £6billion a year, the Treasury is set to guarantee continued funding for EU-backed schemes signed before this year’s Autumn Statement – meaning relative business as usual for a number of areas previously expected to take a hit.

Indeed, confidence certainly seems to be on the up since an initially hesitant period in the immediate wake of June’s referendum. Perhaps it is testament to national confidence that, for now at least, Britain is not allowing a political shock to become an economic one.

Read more about Brexit and the recent Westminster ‘doom-mongering’ here.