JP Morgan share price down as Jamie Dimon tipped for US Treasury spot again November 16, 2016 JP Morgan shares closed down 2.5 per cent tonight after reports resurfaced that Donald Trump was about to offer chief exec Jamie Dimon the treasury secretary role. Fox anchor Maria Bartiromo tonight tweeted she had heard Dimon was about to be offered the role, with a “big meeting” expected tomorrow. Hearing @jpmorgan ceo jamie Dimon [...]
As “post-truth” is named word of the year by Oxford Dictionaries, have we really entered the era of post-truth politics? November 16, 2016 Rachel Cunliffe, deputy editor of Reaction, says Yes. Donald Trump was always against the Iraq War. The US has an $800bn trade deficit. Clinton started the birther movement. Three lies told by Trump during the second debate, with a dozen more examples from that 90 minutes alone. The moderators didn’t fact-check him, and even if [...]
The British Overseas Territories can help make Brexit a success November 16, 2016 The UK is a family. It includes Scotland, Wales and Northern Ireland, but the Crown Dependencies and Overseas Territories, like the British Virgin Islands (BVI), are part of the wider family too. Like with all families, there is a shared history and a strong partnership – and I’m pleased to say that, following constructive discussions [...]
The government must get serious about simplifying Britain’s complex tax laws November 16, 2016 With British business awash with Brexit uncertainty, it has never been more important for the government to simplify our complicated tax system. The UK tax code is now more than 20,000 pages long. It’s made up of over 1,000 tax reliefs and exemptions. At around 10m words, it is 12 times the length of the [...]
Elites would be foolish to dismiss Brexit and Trump as the triumph of crude populism November 16, 2016 For the second time this year, a Western electorate rejected the overwhelming advice of the elites, the politicians, the entertainers, the intellectuals, the financiers. Instead, the American people chose brutal, chaotic, isolationist, misogynist, prejudiced change. This is consistent with evidence that our Insight Team has consistently uncovered about the mood of the global public. To take Britain [...]
An open letter to the chancellor: What the accountancy profession want from the Autumn Statement November 16, 2016 Dear chancellor, I am writing to outline ACCA (the Association of Chartered Certified Accountants)’s priorities for the Autumn Statement and Spending Review. ACCA has recently concluded a wide-ranging consultation with our members operating at senior levels across all parts of the public sector. Our consultation focused on the priorities of public sector decision-makers ahead of [...]
90 per cent of Brexit backers want to retain the UK’s current Single Market access, according to a new poll November 16, 2016 A huge majority of voters want the UK to retain Single Market membership according to polling figures released today. Across both Leave and Remain supporters, there is widespread support for the UK staying in the Single Market, pollsters say. But there is a yawning divide between the two groups over immigration, with the Brexiteers – [...]
Arise Lord Farage? Theresa May just refused to rule out a peerage for Nigel November 16, 2016 Theresa May refused to rule out a gong for interim Ukip leader Nigel Farage in Westminster today. Quizzed on the possibility of Farage entering the House of Lords by Scottish National Party MP George Kerevan at Prime Minister's Questions, May said only that “such matters are never discussed in public”. While an appointment may seem unlikely, May's [...]
Prosecco vs Fish and Chips? An Italian minister says Boris Johnson’s Brexit talks are “insulting” November 16, 2016 An Italian minister has pleaded with the British government to “put its cards on the table” over Brexit, complaining that foreign minister Boris Johnson has reduced debate to “insulting” levels. Speaking to Bloomberg, Italy's economic development minister recalled that Johnson had told him Britain would be granted easy access to Single Market “because you don't [...]
Brexit planning is proving “a considerable challenge” for Whitehall, according to a former senior civil servant November 16, 2016 The government has yet to prepare a central plan for Brexit, according to the one of the most senior civil servants at the Foreign Office. Sir Simon Fraser, who served as permanent under-secretary until 2015, told MPs today that he understood drawing up Brexit plans was proving “a considerable challenge”. “The government has not yet [...]