BBC’s £60m hotel bill: 2016 on track to be highest on record for money spent on accommodation for guests and staff October 10, 2016 The BBC has spent nearly £60m on hotels for guests and staff in less than seven years, City A.M. can reveal. New figures for the corporation’s annual hotel bill show that over £5.8m was spent in the first half of 2016. If this level of spending continues for the rest of the year, the BBC [...]
Two government ministers have now suggested the government is in retreat over Amber Rudd’s foreign workers plan October 9, 2016 Two government ministers have confirmed a dramatic retreat on forcing firms to publish proportions of non-UK staff in their workforce. Home secretary Amber Rudd revealed the plans at the Conservative party conference last week, additionally suggesting the government could “name and shame” companies with a predominantly migrant staff. Rudd had hoped the plan could "flush out" [...]
The Treasury is to host challenger bank bosses for a post-Brexit summit October 9, 2016 Challenger bank bosses will head to Whitehall tomorrow to lobby the Treasury for better treatment for small institutions. In their first talks since the UK's Brexit vote, lenders will meet City minister Simon Kirby today. According to Sky News, bosses from banks including Aldermore, OneSavings Bank, Secure Trust Bank and Shawbrook will all attend. The banks [...]
Goldman Sachs to shift 2,000 jobs out of London if goverment pursues “hard Brexit” October 9, 2016 A so-called "hard" separation of the UK from the European Union would prompt Goldman Sachs to shift 2,000 highly paid staff out of London. The loss of Britain's prized preferential access to the single market would lead the Wall Street stalwart to move one in three of its employees to rival financial hubs across Europe, The [...]
Two Labour whips have resigned in the aftermath of the first appointments to Jeremy Corbyn’s new shadow cabinet October 9, 2016 Two Labour party whips have resigned in the aftermath of Jeremy Corbyn's first appointments as the re-selected party leader. Corbyn began rebuilding his team last month with the recruitment of Jonathan Reynolds as the new shadow city minister, and has since made a raft of new appointments. However, this included a new chief whip in the [...]
Chancellor Philip Hammond has raided HSBC for a new special adviser October 9, 2016 Chancellor Philip Hammond has recruited HSBC's chief European economist as a key adviser. Karen Ward will join the Treasury to serve as Hammond's special economic adviser. Prior to joining the government, Ward had been at HSBC for more than a decade, and her appointment comes as Hammond prepares for his first fiscal event as chancellor [...]
Those foreign worker lists everyone’s against won’t be made public October 9, 2016 Controversial plans to force businesses to list the number of foreign workers they employ would not be made publicly available, it's been revealed. The proposal by home secretary Amber Rudd to track the number of non-British workers within companies caused outrage across business and beyond. Read more: UK tech is outraged about Rudd's immigration crackdown Now, education secretary [...]
A Lib Dem peer has defected to the Conservatives because of Tim Farron’s support for retaining EU membership October 9, 2016 Concerns around the Liberal Democrats' pro-European stance under Tim Farron have driven one of the party's peers to defect to the Conservatives. Baroness Manzoor announced her decision this morning, praising Theresa May's approach to the verdict of the June referendum. Farron has sought to make the Lib Dems the party of the 48 per cent [...]
Miliband, Clegg and a cross-party group of MPs want a parliamentary vote on Brexit October 9, 2016 Former party leaders Ed Miliband and Nick Clegg are among a group of MPs from across the political spectrum calling for a parliamentary vote on Brexit. The group, which also includes pro-EU Tories, SNP and Green party politicians, is seeking clarity on a so-called hard Brexit that would mean leaving the Single Market and which Prime Minister Theresa [...]
Nigel Farage defends Trump’s “alpha male boasting” as high profile Republicans withdraw support October 9, 2016 Ukip's boomerang leader Nigel Farage has defended the behaviour of under pressure Presidential hopeful Donald Trump after making lewd remarks about women as fellow high profile Republicans withdrew their support. Farage, who is once again in charge of the party on an interim basis following the resignation of elected leader Diane James, said Trump's comments were "alpha [...]