A senior Eurosceptic is sounding the alarm over an Article 50 rebellion among Tory MPs this week February 5, 2017 A senior Tory Eurosceptic is raising concerns of a rebellion among MPs ahead of this week’s vote on Article 50 legislation. MPs will vote on a Bill granting the government power to begin divorce talks on Wednesday, but Brexiteer and Treasury committee member Steve Baker is worried that some Tories will back “wrecking” amendments. These could place more restrictions [...]
Thomas Cook is under pressure for its bonus plans ahead of this week’s annual meeting February 5, 2017 Thomas Cook is under pressure from shareholders relating to bonuses plans for chief executive Peter Fankhauser. The travel firm will host its annual meeting on Thursday, and one shareholder group has questioned whether the firm is providing enough about a proposal that could see Fankhauser pocket up to £1.6m a year. Institutional Shareholder Services (ISS), which represents around 20 per cent of investors, has [...]
RMT boss says “fiasco” rail franchise system is beyond reform February 5, 2017 The RMT Union has welcomed the findings of a House of Commons select committee in its damning report on rail franchises. RMT general secretary Mick Cash called the franchise system a “fiasco” and said that the report confirmed the government had covered up Southern Rail’s poor performance. However, he did not think the suggested reforms [...]
Labour donor John Mills could be ejected from the party over Brexit referendum payments to Ukip February 5, 2017 One of Labour's largest individual donors could be thrown out of the party after claims that he financial supported Ukip. John Mills, the millionaire behind consumer products firm JML, created the Labour Leave campaign. But now London MEP Seb Dance is claiming the retailer broke party rules by handing cash to Eurosceptic party Ukip. Labour rules mean that [...]
Entrepreneurs mad at Donald Trump should come to France, says Presidential hopeful Emmanuel Macron February 5, 2017 French Presidential hopeful Emmanuel Macron has reached out to entrepreneurs, academics and scientists in the US reeling from President Trump's travel ban and welcomed them with open arms to the country. "I want to make a solemn call to all the researchers, academics, businesses who in the United States are battling obscurantism,” he told a rally [...]
Germany’s finance minster warns against “punishing” Britain and losing out on the City February 5, 2017 The merits of the Square Mile should lead Europe to offer a “reasonable” deal on Brexit, according to Germany's finance minister. Speaking to German newspaper Tagesspeigel, Wolfgang Schauble warned against seeking to “punish” the British for the decision to leave the EU. “We want to keep Great Britain close to us,” Schauble said. Read More: Hurting the [...]
Generation rent? Now the government wants to help you out February 5, 2017 The government will this week turn its attention to so-called generation rent, with promises of new measures aimed at helping those who are unable, or not yet ready, to jump on the housing ladder through home ownership. It is pledging to look at new ways of encouraging the building of more affordable rented homes across the [...]
Trump’s travel ban appeal has failed at the first hurdle February 5, 2017 The US appeals court has rejected a request by Donald Trump to immediately reinstate his ban on people from certain countries entering the US, after filing an appeal against a ruling that put a temporary halt on the ban. The US Justice Department (DOJ) has filed a motion seeking to reverse Friday's decision by a federal judge in Seattle, [...]
Department for Transport (DfT) “effectively enabled” Southern owner to avoid breach of contract, says Transport Select Committee February 5, 2017 The government's handling of the Southern rail crisis has "effectively enabled" Southern's parent firm Govia Thameslink Railway (GTR) to avoid breach of contract, says a damning new report on rail franchising. The report, by the Transport Select Committee, said that given the exposure of the taxpayer to the failings of the franchise, it was "unacceptable for the [...]
Londoners took to the streets to protest President Donald Trump’s travel ban again February 4, 2017 Thousands took part in another London march against President Donald Trump's travel ban today – the second in a week. The protestors marched against Trump's ban on travellers from seven mainly Muslim nations entering the US, in a week where numerous protests have taken place in cities worldwide. An estimated 30,000 participated in London's march [...]