Former UBS rogue trader Kweku Adoboli accuses Home Office of ‘state violence’ following his deportation to Ghana November 27, 2018 Six years to the month since he was sentenced at Southwark Crown Court, Kweku Adoboli – the man responsible for the biggest unauthorised trading loss in UK history – is travelling along Ghana’s coast towards an idyllic seaside retreat known for its turtles and palm trees. Adoboli’s journey, however, has been far from leisurely. Earlier this [...]
Forget ‘just deserts’ and keep your nose out of other people’s pay November 27, 2018 Two decades ago, it was considered rude and crass in Britain to openly discuss wages and salaries. Now, everyone seems to have an opinion on how much others should earn. There has always the been broad lament about footballers’ wages being “ridiculous”, of course, or that nurses and teachers were “undervalued”. And after the financial [...]
It’s no crystal ball, but polling is essential for democracy November 27, 2018 At the time of writing, the political landscape in the UK seems as uncertain and changeable as the weather. It all hinges on Theresa May’s Brexit plan, which, if not accepted by parliament, increases the likelihood of the UK barrelling towards a new referendum, or even a General Election. And that means election polling. Election [...]
DEBATE: Was it right for MPs to use obscure parliamentary powers to seize Facebook documents? November 27, 2018 Was it right for MPs to use obscure parliamentary powers to seize Facebook documents? Kevin Craig, chief executive and founder of communications agency PLMR, says YES. There is something poetic about British politicians using one of the most archaic parliamentary powers to tackle a very modern policy challenge. Since the Cambridge Analytica story broke, Facebook has [...]
Open your eyes, Labour is more radically left than it’s ever been November 27, 2018 When something new happens in politics, people like to pretend they’ve seen it before. Look at Jeremy Corbyn’s Labour party. In the City, lazy thinking about Labour is everywhere. Pub bores, from Leadenhall to Limehouse, will tell you that Corbyn’s party today is a just bad Betamax video of a 1970s-era Labour government. This is [...]
Surf’s up: London is getting a £40m surfing venue November 27, 2018 London may become the first capital city in the world to boast an inland surfing venue, thanks to a project announced today by Lee Valley Regional Park Authority (LVRPA). LVRA and inland surfing company The Wave have unveiled plans for a £40m surfing destination called The Wave London next to the Lee Valley Athletics Centre in [...]
City of London Corporation caught in ‘gagging’ row after referring resident councillor to City of London Police November 27, 2018 The City of London Corporation is embroiled in a gagging row after a resident councillor who spoke against a planning delegation decision was referred to police for potential prosecution. Councillor Susan Pearson, who represents the ward of Cripplegate, was threatened with criminal prosecution after she spoke against a proposal to delegate a planning application next [...]
Campbell Soup reaches deal with activist investor to stop battle over board November 26, 2018 Campbell Soup has ended a months-long battle with Third Point by promising the activist investor can choose two new board members. The hedge fund, which will now have a say in selecting Campbell’s new chief executive, has been locked into a dispute with the soup maker over its struggling share price and a takeover spree which [...]
May needs the stars to align if her Brexit deal is to pass the Commons November 26, 2018 Fourteen days from now, Parliament will vote on the government's Brexit deal. The vote will be preceded by four days of formal debate but by the time MPs pass through the division lobbies of the House of Commons, they will have been arguing over this issue for two and a half years. Many have argued [...]
Donald Trump dumps on Theresa May’s Brexit deal November 26, 2018 Donald Trump gave Theresa May a Brexit headache on Monday evening, describing the agreement reached between London and Brussels as "great for the EU." The US President also warned the government's proposed deal with the EU could prevent a future trade deal between the UK and US. Trump's comments came as the Prime Minister was [...]