Therese Coffey replaces Amber Rudd as work and pensions secretary September 8, 2019 Therese Coffey has been confirmed as the new work and pensions secretary following the dramatic resignation of Amber Rudd yesterday. Coffey, the MP for Suffolk Coastal, has previously served as minister of state in the Department for Environment, Food and Rural Affairs and as deputy leader of the House of Commons from May 2015 until [...]
Amber Rudd resigns from Cabinet and quits Tories over ‘culling’ of rebel MPs September 8, 2019 Amber Rudd has resigned from Cabinet and given up the Tory whip in protest at Boris Johnson’s decision to sack more than 20 Conservatives who backed a bill to block a no-deal Brexit. The former work and pensions secretary said she could not “stand by as good, loyal moderate Conservatives are expelled”. Rudd told the [...]
PM: I’d rather be dead in a ditch than delay Brexit September 5, 2019 The Prime Minister has said he would rather be “dead in a ditch” than delay Brexit – shortly before a police officer appeared to faint behind him. Boris Johnson, who gave his speech more than an hour later than planned, told assembled journalists in Yorkshire that an extension would cost £1bn a month and be [...]
Shaun Bailey confirms he will increase Tube fares – but says a price hike is already coming September 5, 2019 Tory mayoral candidate Shaun Bailey has confirmed he would put up Tube fares after saying the current mayor of London, Sadiq Khan, would do the same. Bailey, who is looking to replace Khan as London mayor in next year’s election, said a Transport for London (TfL) fare hike was a “done deal”. Read more: Shaun [...]
Grant Thornton set for scrutiny as Patisserie Valerie handed to liquidators September 5, 2019 Embattled auditor Grant Thornton is set to face renewed scrutiny as Patisserie Valerie’s liquidators prepare to pursue claims against third parties connected to a multi-million pound hole in the cafe chain’s finances. Administrators KPMG will pass the case on to FRP Advisory later this month. Read more: Patisserie Valerie appoints administrators for Grant Thornton probe [...]
Brexit: What do the public think will happen next? September 5, 2019 No-deal Brexit is the most likely outcome from parliament’s current stalemate, according to the public. The UK is expected to crash out of the EU without a deal, 72 per cent of Brits believe, Yougov’s survey of 1,639 people found. The pollster asked people what outcomes they believe are most realistic, rather than what outcome [...]
Investor backlash over pay at Dixons Carphone AGM September 5, 2019 Electrical goods giant Dixons Carphone faced an investor backlash at its annual general meeting (AGM) this afternoon, following controversy over share awards handed out to its chief executive. Almost 17 per cent of shareholders voted against proposals to approve the annual pay report for directors at the firm and re-elect boss Alex Baldock as a [...]
Banks braced for rise in PPI costs after surge of last-minute claims September 5, 2019 Britain’s banking sector is bracing itself for a multi-billion pound balance sheet backlash from a worse-than-expected rush of payment protection insurance (PPI) complaints that were lodged late last month. Some of the country’s largest banks are facing huge costs following a stampede of consumers making claims for mis-sold PPI in the run-up to the August [...]
British Airways strikes: Pilots could call off action if BA considers pay offer September 5, 2019 British Airline pilots who are threatening to strike next week have said the industrial action could be averted if the airline considers a new pay offer it has put forward. Pilots who are members of the British Airline Pilots’ Association (Balpa) are due to strike on 9, 10 and 27 September but have said they [...]
CYBG share price plunges after warning of potential £450m hit from PPI September 5, 2019 CYBG’s share price crashed by nearly 20 per cent in early morning trading, as investors reacted to the bank’s news last night that it would take a £300m-£450m hit from payment protection insurance (PPI) costs. Clydesdale Bank, which also owns the Yorkshire Bank and Virgin Money brands, revealed yesterday evening that it expects to increase [...]