Bank of England bosses concerned banks’ financial stability buffers are not high enough July 3, 2018 Members of the Bank of England’s top financial stability body have expressed concerns that UK banks’ capital buffers may not be adequate in the face of riskier lending and increasing dangers to the global financial system. The Bank’s financial policy committee (FPC) maintained its countercyclical capital buffer (CCyB) at one per cent, but “some members [...]
Taking on Theresa May? Jacob Rees-Mogg is on the hunt for PR firms to boost his Tory leadership ambitions July 3, 2018 Friends of Jacob Rees-Mogg are turning to PR firms as the backbencher looks to turn support into votes as a future leader of the Conservative party. The North East Somerset MP rode on a tide of grassroots support last year, dubbed Moggmentum, thanks to his traditional approach, eloquence and charm, and his trenchant views on [...]
Ryanair hits out at air traffic control strikes causing 1,100 flight cancellations though airline still reports rise in June traffic July 3, 2018 Ryanair has hit out over air traffic control (ATC) strikes once again, saying they proved particularly turbulent last month. The airline still managed to post a seven per cent rise in passenger numbers for June – up to 12.6m, compared to the same month last year. The load factor, which reflects how efficiently an airline [...]
Is Trump Putin’s Trojan horse within Nato? July 3, 2018 Any world leaders meeting face-to-face should be seen as a good thing. But when it’s Donald Trump and Vladimir Putin, European officials are right to feel a little anxious. Political commentators expect a purely symbolic spectacle when the two meet in Finland on 16 July. But the backdrop to the event – just days after [...]
Cyber security is a matter for the boardroom, not the IT team. Executives must take a hands-on role July 3, 2018 Few business risks today have the destructive capability of a cyber attack. Yet, for many organisations, cyber risks remain obscure, low priority, and are frequently seen as the domain of IT departments to manage. The reality is that cyber crime is no longer just a tech issue, nor is it an issue for middle management. [...]
Australian optimism points the way to a global Brexit future July 3, 2018 It is a great shame that most politicians with any clout in this country have their programming set so rigidly to damage control that it falls to past leaders of other nations to make the optimistic case for Brexit. To that end, The Spectator’s event last week at London’s Australia House was both a tonic [...]
Fresh Cabinet split surfaces over post-Brexit immigration system July 3, 2018 New battle lines have been drawn within Theresa May’s Cabinet over Britain’s post-Brexit immigration system, stoking divisions even further and presenting the Prime Minister with yet another headache. Home secretary Sajid Javid is understood to have dropped one of two models being considered under his predecessor, which would have favoured EU citizens by effectively granting [...]
Tesla Model S 100D review: Only famous for its unpredictable boss or genuinely good to drive? July 2, 2018 If the scent of lavender and the feel of Lycra on clammy flesh are your kind of thing, you won’t find anywhere better than cycling mecca La Coquillade. Set in the hills of the Petit Luberon, a rosé-growing idyll between Avignon and Aix-en-Provence, this hotel has been created by a Tour de France team owner [...]
This year’s World Cup match ball, the Telstar 18, pays homage to the first football designed for television screens July 2, 2018 At the first ever World Cup final, between Uruguay and Argentina in 1930, a disagreement arose over which team would supply the match football. Eventually FIFA was forced to intervene with a teacherly solution. Argentina could use their preferred ball for the first half, while Uruguay could use their own, larger and heavier ball for [...]
Trade war threatens £265bn blow to global economy as backlash against Trump’s protectionism grows July 2, 2018 An escalation in the brewing trade war among the world’s biggest economies threatens to deliver a £265bn blow to the global economy next year, new forecasts show, as the backlash grows against US President Donald Trump’s protectionist policies. The powerful US Chamber of Commerce, the nation’s largest lobby group with more than 3m members, has [...]