Editor’s notes: Does Trump’s victory provide opportunities for the UK? Maybe November 10, 2016 One benefit of Trump’s shock victory is that it makes the Brexit vote look like a council by-election in comparison. The world is now used to the idea that over the next two years the UK will slip the surly bonds of Brussels, and although the full details of that plan aren’t fully understood it’s the [...]
Ex-Cameron adviser Dan Korski is on the look-out for people to back an innovative new fund November 10, 2016 One of David Cameron’s fellow Brexit vote victims is on the hunt for backers for a fund that will invest in public sector technology projects. Dan Korski, who quit his role as special adviser to David Cameron following Britain's decision to leave the EU, is planning to launch a new "govtech" fund. And, according to reports [...]
Barack Obama and Donald Trump put aside differences to ensure smooth transition November 10, 2016 Barack Obama and Donald Trump got the presidential transition ball rolling this afternoon by holding an "excellent" meeting. Chewing the fat in the Oval Office, both men put past differences to one side and afterwards smiled for the cameras in what appeared to be a very cordial event. The get-together is likely to be the first of many [...]
“I’ve got the best job in the world”, says Sadiq Khan, City A.M.’s Personality of the Year 2016 November 10, 2016 Sadiq Khan is feeling ambitious as he sits down with City A.M to discuss his first six months as London mayor. Khan isn't just sketching out his plans for the next six months in office – the former Tooting MP is talking in decades. To be precise, he's talking about serving no fewer than six [...]
Reports: Donald Trump considering JP Morgan chief Jamie Dimon for treasury secretary spot November 10, 2016 Although Donald Trump's policies might still look a little vague, it looks like his advisers have started dropping hints about who they want to take the top spot in the treasury. Trump's advisers have suggested the new president-elect should take on JP Morgan chairman and chief executive Jamie Dimon as treasury secretary, according to CNBC. [...]
Businesses are unwittingly entering the political fray with post-Brexit price rises November 10, 2016 More businesses are justifying price rises by blaming the fall in the pound post-Brexit. Whatever their commercial reasons, this is an extremely dangerous game. Commenting in these ways means entering the political arena at a sensitive time. These firms should be ready for serious scrutiny and hostile comment – now, but more importantly in the [...]
Greg Clark warns rip off energy companies to treat their customers fairly or they could face further action November 10, 2016 The government are preparing for a crackdown on energy companies who rip off their customers and exploit their loyalty. Greg Clark used his first major speech as head of the newly created business and industrial strategy department to attack utility companies for complicated tariff regimes which confuse people into paying too much. The business and energy secretary made it [...]
The special relationship’s back on: Donald Trump has invited Theresa May to visit him as soon as possible November 10, 2016 It looks like the special relationship is about to get back on track, after Donald Trump invited Theresa May to visit him "as soon as possible". Downing Street sources said May had a phone call with Trump this afternoon, in which she congratulated him on his "hard-fought" campaign. According to a statement, the pair agreed [...]
Trump card: The Dow Jones has hit an all time high after Donald Trump’s win November 10, 2016 If there's one thing markets like, it's certainty. It may have been suggested a Donald Trump victory could lead to recession, then eventual doom for all of humanity – but now the markets have an idea of what they're in for, they're actually pretty cheerful. In fact, the Dow Jones hit an all-time high after [...]
Hammond vows “constructive” relationship with Trump but falls short of supporting his policies November 10, 2016 Philip Hammond has said Britain will have a "constructive" relationship with the US under Donald Trump, but gave warnings that he did not agree with the President-elect's plans to slap tariffs on foreign goods. The chancellor, speaking to the BBC this morning, said that he hopes talks will still be helpful, but indicated he would [...]