BHS pensions lifeboat fights ballooning bill from administrators Duff & Phelps December 4, 2016 The BHS pensions lifeboat has vetoed an invoice put forward by the collapsed retailer's administrators, Duff & Phelps. Duff & Phelps initially estimated a fee of £3.5m for its work on BHS, but later increased its fee to £4.1m. In a meeting of creditors on 15 November, the Pension Protection Fund (PPF) – BHS' largest creditor [...]
Trump just tweetstormed a 35pc tax on businesses moving jobs away from US December 4, 2016 Donald Trump has warned US companies that they can not move production out of the US and then sell goods back to the country without "retribution or consequence" as he threatened to impose a 35 per cent tax on any companies that do. The President-elect tweeted that he would impose a "35 per cent tax [...]
Sports Direct is in the hot seat again this week December 4, 2016 Sports Direct will be in the spotlight again this week as it reports its interims on Thursday. Analysts are predicting chief executive Mike Ashley will announce a profit fall of 25 per cent to £170m. The City will also be looking for signs that Sports Direct is improving its corporate governance, something the retailer promised to focus [...]
New Ukip leader Paul Nuttall is mulling a bid to snatch Andy Burnham’s Greater Manchester constituency next year December 4, 2016 Newly-elected Ukip leader Paul Nuttall is mulling a bid for the constituency of Labour's Andy Burnham in an effort to enter the House of Commons. Burnham is due to step down as a Leigh MP next year to fight for the mayoralty of Greater Manchester, and Nuttall is considering a battle to steal the seat from [...]
The comeback Clegg? Ex-Lib Dem leader is confident of party’s return December 4, 2016 Riding high on his party winning the Richmond Park by-election, former Liberal Democrat leader and deputy PM Nick Clegg has expressed his confidence that it is recovering from nearly being wiped out at last year's disastrous General Election. "It's in many different parts of the country where the Liberal Democrat fortunes appear – appear – to [...]
Boris Johnson has set up a clash with Theresa May over students and migration numbers December 4, 2016 Foreign Secretary Boris Johnson has publicly rejected the government's policies on migration numbers, specifically the inclusion of student numbers. Only in October, Downing Street stressed that there is no review of the current plan – which sees students included in net migration sums. That was a reaction to comments from chancellor Philip Hammond, who had [...]
BT boss on Ofcom: “I don’t think they are trying to break the company up” December 4, 2016 BT has played down damning action by the telecoms watchdog to split up the company for failing to address competition concerns. Chairman Sir Mike Rake has insisted that Ofcom is not trying to break-up the telecoms firm, just days after the regulator said it was pushing forward with plans to legally separate its Openreach broadband infrastructure division. Rake denied that Ofcom was calling [...]
These are the professions we trust the most (and least) in a “post-truth” world December 4, 2016 Doctors are no longer the most trusted profession in Britain, but politicians shouldn't get their hopes up just yet – they still don't have the confidence of the nation in an era now labelled "post-truth". Nurses have been named as the experts people believe will tell the truth more than any other, knocking doctors into second [...]
Top Tory MPs warn hard Brexit could cost party the next election December 4, 2016 A group of senior Conservative MPs have warned that the party risks losing the next election if it goes for a hard Brexit, urging the Prime Minister Theresa May to publish the government's plans for negotiations. The warning comes after the surprise result in the Richmond by-election where the Lib Dem's overturned a Tory majority "with [...]
Small Business Saturday: How London celebrated local businesses on the day December 3, 2016 If you've had an eye on Twitter, you may have noticed Small Business Saturday has been going on today. And as an opportunity for all of the nation to get out and support their local firms, Londoners have been doing just that. Here's what's been happening for Small Business Saturday in London: Read more: Small Business [...]