Conservative leadership rivals turn on Boris Johnson’s tax cut plan June 10, 2019 The gloves came off in the Conservative leadership battle today as Boris Johnson’s rivals took aim at his tax-cutting plans while Michael Gove launched a personal attack on the frontrunner. The former foreign secretary pledged to increase the higher rate income tax threshold to £80,000, benefiting three million people. Environment secretary Gove – who scuppered Johnson’s leadership bid in 2016 by [...]
Crossrail contractors could ask for more money to meet opening deadline, EY warns June 10, 2019 Crossrail’s contractors are likely to demand more money if they are rushed towards the new 2019/2020 opening date, auditor EY has warned. The big four auditor has warned Transport for London (TfL) that such an outcome could increase pressure on the transport body, which is already battling the costs of the Crossrail delay. Read more: [...]
Iran sanctions put dent in Chinese oil imports June 10, 2019 Imports to China, the world’s largest buyer of oil, lowered its imports last month as US sanctions on Iran bit. Chinese imports of crude oil fell eight per cent in May, compared to the month before. Because May is one day longer than April, this represents a daily drop of 11 per cent. It comes [...]
Hotel Review: The Cary Arms & Spa in Torquay is a highlight of the Devon coastline June 10, 2019 Whatever they paid the marketing wizard who rebranded Torbay as the ‘English Riviera’ – where the Cary Arms & Spa resides – it wasn’t nearly enough. The name evokes images of sun-beaten beaches lined with palm trees swaying in the hot afternoon sun. Of ice creams melting down sticky hands, thick paperbacks with broken spines [...]
Insys Therapeutics files for bankruptcy after $225m payment for bribing doctors June 10, 2019 US drugmaker Insys Therapeutics has gone into bankruptcy after reaching a $225m settlement in the US last week. The company said this morning it was filing for so-called Chapter 11 protections. It will use the bankruptcy to sell more than three-quarters of the company’s assets within 90 days to pay off its legal costs. “After [...]
Tory leadership hopefuls on charm offensive as deadline looms June 10, 2019 Tory leadership hopefuls are frantically trying to shore up the support they need from their fellow MPs today as the 5pm deadline looms. Those hoping to replace Theresa May as Prime Minister need to submit their nominations by 5pm today. They need to demonstrate that they have secured the support of eight MPs to take [...]
Don’t bet on Boris Johnson breezing into Number 10 June 10, 2019 It’s been a good weekend for Boris Johnson, who won’t be concerned about the storm whipped up by his pledge to retain the £39bn Brexit bill if the European Union does not offer Britain a better deal on the terms of its exit. Yesterday’s frustration at the former foreign secretary’s comments came from various corners [...]
MJ Gleeson falls as it sacks boss June 10, 2019 MJ Gleeson sacked its chief executive this morning after he came to blows with the board over pay. Jolyon Harrison, who has been in the post since 2012, stepped down with immediate effect. The board said it was “not possible to find a mutually acceptable basis for Mr Harrison to continue.” The decision follows “extensive [...]
Boris Johnson promises tax cut for 3m if he wins PM race June 10, 2019 Boris Johnson has promised to cut income tax for those earning more than £50,000 if he wins the Tory leadership race. Johnson said he would cut taxes for around 3m people by raising the 40p threshold from £50,000 to £80,000 if he becomes prime minister. “We should be raising thresholds of income tax – so [...]
UK agrees post-Brexit trade deal with South Korea June 10, 2019 The UK and South Korea have agreed to sign a free trade deal ahead of Britain’s departure from the European Union. Talks between international trade secretary Liam Fox and South Korean trade minister Yoo Myung-hee concluded in Seoul last night. Read more: Small businesses pessimistic over Brexit The in-principle agreement, which will be officially signed [...]