EU finance chief warns UK to stay closely aligned post-Brexit December 2, 2019 The European Union’s finance commissioner has warned the UK that the City could be cut off from continental markets after Brexit if its regulations do not stay closely aligned. Valdis Dombrovskis, who is set to become a vice-president of the European Commission, said access to the EU’s markets will require Britain not to “engage in [...]
Farewell to a decade of seismic change and existential anxiety December 2, 2019 You’d be forgiven for not having a moment to notice, but this is a decade that is fast running out of time. The 2010s began with the unease of the consequences of the financial crash. They end with another dose of unease, this time both political and economic. Theresa May tried to win an election [...]
DEBATE: Does the UK need to address the fact that it reportedly has a ‘particularly extreme form of capitalism’? December 2, 2019 A new British Academy report argues that the UK has a ‘particularly extreme form of capitalism’ — is that something we need to address? Professor Christopher McKenna, co-director of the Global History of Capitalism Project at Oxford University, says YES. The proliferation of environmentally damaging industrial practices, the social divisions arising from monopoly power, and [...]
CBI: UK economy set to slow despite Brexit deal December 2, 2019 The economy will slow next year even if Britain leaves the European Union with a Brexit deal, a new report has predicted, as business investment fails to significantly pick up. The CBI’s economic forecast is the latest report to suggest that Prime Minister Boris Johnson’s Brexit deal will do little to help the economy in [...]
Labour to cut rail fares and create ‘London-style’ ticketing for the UK December 1, 2019 Labour will reform the country’s rail ticketing system to create a one-stop shop for tickets if elected, while also promising to cut fares by 33 per cent. The party wants to create a uniform “London-style” ticketing system that allows contactless payments and sets out fares on a zonal basis. Read more: Train companies to hike [...]
London and Boris Johnson brace for Donald Trump’s arrival December 1, 2019 The Donald Trump whirlwind will rip into London tomorrow for the second time this year when the US President touches down to attend a Nato security summit. The capital is bracing itself for The Donald’s arrival, with Boris Johnson expected to limit his time with the President and NHS staff planning protests outside Buckingham Palace. [...]
Pharmaceutical industry is ‘under threat’ from Labour, says ex-Labour health minister Ara Darzi December 1, 2019 Britain’s pharmaceutical industry is “under threat” from a Jeremy Corbyn government, according to a former Labour health minister. Baron Ara Darzi criticised Corbyn’s plan to set-up a state-owned and state-regulated pharmaceutical company to prevent drug price hikes as “a blunderbuss remedy” and “reckless”. Read more: Trade discussions released by Corbyn are ‘not out of the [...]
Boris Johnson backs review of 74 people released early from terror convictions December 1, 2019 Seventy-four people released from prison early after being convicted of terror offences will have their release conditions reviewed. Boris Johnson said the review began on Friday after it was revealed that London Bridge attacker Usman Khan only served half of his 16-year sentence for plotting to blow up the London Stock Exchange. Read more: Jeremy [...]
Jeremy Corbyn calls for closer Nato relationship with Russia December 1, 2019 Jeremy Corbyn has advocated for Nato to de-escalate tensions with Russia, while signalling a Labour government would distance itself from the United States. Corbyn launched Labour’s foreign policy on Sunday afternoon, emphasising that Nato should change its policy direction. Read more: Jeremy Corbyn: Convicted terrorists should ‘not necessarily’ serve full jail terms The Labour leader [...]
Jeremy Corbyn: Convicted terrorists should ‘not necessarily’ serve full prison sentences December 1, 2019 People convicted of terrorism offences should ‘not necessarily’ serve full prison sentences, according to Jeremy Corbyn. It was revealed yesterday that London Bridge attacker Usman Khan only served half of his 16-year sentence for plotting to blow up the London Stock Exchange. Read more: London Bridge attacked was convicted terrorist behind stock exchange bombing plot [...]