Davos gathering looks to address Trump and Brexit January 15, 2017 Prime minister Theresa May, Chinese president Xi Jinping, US vice president Joe Biden and US secretary of state John Kerry will be among the 3,000 businessmen, politicians and celebrities at the annual World Economic Forum this week. This year, the organisers of the four day event in Switzerland have chosen “responsive and responsible leadership” as the theme [...]
The boss of the CIA has some advice for tweetstorm-loving Trump January 15, 2017 The outgoing boss of the US Central Intelligence Agency (CIA) has warned tweet-happy President-elect Donald Trump to think about what he says before reacting. John Brennan, who will leave office with Obama and his administration, issued a stern warning to Trump, who last week accused the intelligence organisation of practices that were "something that Nazi Germany would [...]
Nigel Farage says a US trade deal could be agreed in just three months under Donald Trump January 15, 2017 Former Ukip leader Nigel Farage has predicted the UK could agree a trade deal with the US within months of President-elect Donald Trump taking office. Trump will become the US' 45th President on 20 January, and Farage said the incoming administration will be keen to stress its commitment to the principles of global trade. "I am [...]
Hammond hints Britain could lower corporate tax rate January 15, 2017 Britain will be forced to change its economic model if it does not have access to the European market after Brexit, chancellor Philip Hammond has said, responding to questioning on the UK becoming a tax haven in an interview with a German newspaper. A change to the UK's economic model would have to take place for [...]
Bye-bye Single Market? What to expect from Theresa May’s Brexit plan January 15, 2017 We know Brexit means Brexit, but Theresa May will finally tell the UK exactly what that means this week in the most significant speech of her premiership and setting the course for Britain's exit from the European Union. The Prime Minister will say that the UK is prepared to leave the Single Market, customs union [...]
Horse racing levy to be imposed on bookmakers, hitting profits from April January 14, 2017 Horse racing organisations rejoiced will bookmakers fumed after the government announced plans to slap a 10 per cent levy of gambling firms. And bookies won't have much time before get used to the new rules as sports minister Tracey Crouch plans to introduce the levy – which is on all profits greater than £500,000 made on [...]
Remember special relationships? The EU’s chief Brexit negotiator wants one with the City of London January 14, 2017 The EU's chief Brexit negotiator has indicated signs of a softening his previously hardline stance of the UK's exit from the union, letting slip a desire to allow member states access to the City. Michel Barnier wants a "special" relationship with London financial powerhouse as part of any Brexit deal, according to unpublished European parliament [...]
Small business “backbone of economy” under threat from ill-thought through plans, conclude MPs January 14, 2017 Government plans for sweeping changes to force the UK’s businesses to “digitise tax” should be delayed due to significant shortcomings, a select committee of MPs has urged. The treasury select committee highlighted plans to require businesses to keep tax records in digital format, submit quarter updates to tax authorities and provide an end of year [...]
Government wants to restore faith in Britain’s businesses by shaking up corporate crime laws January 13, 2017 The government has unveiled plans to get tough on corporate crime in an attempt to hold businesses to account for any unscrupulous behaviour. The Ministry of Justice is concerned the bar is set too high for proving criminal offences such as fraud, money laundering and false accounting, meaning many prosecutions are successful. "Companies must be held [...]
Labour MP Tristram Hunt quits to take up new role as director of Victoria & Albert Museum January 13, 2017 Labour MP Tristram Hunt is to step down and leave the world of politics, as he prepares to take on the role of director of London's Victoria & Albert Museum. The Stoke-On-Trent Central MP has been in talks with the museum for some time, according to PoliticsHome, which first broke the story. An announcement is expected [...]