Former Prime Minister of Portugal Antonio Guterres elected by UN general assembly as new secretary-general October 13, 2016 Former Portuguese Prime Minister Antonio Guterres has been elected as the new United Nations secretary-general by the UN General Assembly. The decision was widely expected, after none of the five UN Security Council veto powers — China, France, Russia, the UK, and the US — voted against him in a secret ballot last week. Guterres, a former [...]
Tax Uber more and cut black cab fares, think tank tells London mayor October 13, 2016 The Mayor of London has the power to make Uber pay more taxes and the city's iconic black cab drivers should reduce night time fares to compete, according to a new report calling for a major shake up of London's cab industry. A maximum working day of 12 hours should be imposed on Uber drivers and all black cab drivers [...]
Nicola Sturgeon confirms legislation for second Scottish independence referendum will be published next week October 13, 2016 Scotland's First Minister Nicola Sturgeon confirmed this morning that legislation for a second independence referendum will be published for consultation next week. "I am determined that Scotland will have the ability to reconsider the question of independence – and to do so before the UK leaves the EU – if that is necessary to protect [...]
Boris on Brexit: Foreign minister explains policy as Britain prepares to exit the European Union October 13, 2016 Foreign minister Boris Johnson is in front of the foreign affairs select committee this morning, giving evidence on developments in foreign policy – and he says the Brexit doom-mongers have been proven wrong. Johnson, who was a leading voice in the Leave campaign, said: "Those who prophesied doom have been proved wrong and will continue [...]
MPs should debate Brexit, not frustrate it October 13, 2016 Parliament is back in session after the theatre of the party conference season and there are plenty of meaty topics into which our legislators can sink their teeth. The Treasury Select Committee has been grilling HMT's top officials; Tory backbenchers have called for a new Royal Yacht Britannia; Boris Johnson has lambasted Russia over its actions [...]
Labour’s new shadow City minister has vowed to build bridges with the City and defy the sceptics October 12, 2016 Labour's new shadow City minister has vowed to build bridges with the financial and professional services sector in defiance of sceptics who do not see the party as a natural ally of the City. City A.M. first revealed the appointment of Jonathan Reynolds last month, although the Greater Manchester MP only began the role this week. [...]
Theresa May’s statism is the wrong way to build a more prosperous post-Brexit Britain October 12, 2016 Labour has lurched to the hard left and Ukip does not currently seem equipped to capture the significant number of voters on lower incomes who are worried about immigration and the impact of globalisation. So it is understandable that the Prime Minister is seeking to seize the coveted centre ground. For that purpose, Mrs May’s [...]
Conservative MP attacks culture of Whitehall leaks October 12, 2016 A Conservative MP has hit out at the culture of leaking at the top of politics after a week of controversy over the government's Brexit strategy. Treasury Select Committee (TSC) member Steve Baker today pushed the Treasury to find out who was responsible for comments made anonymously earlier this week to national newspapers which seemed to [...]
BoE deputy governor: London’s financial services firms could go to New York October 12, 2016 A top official at the Bank of England has warned New York could poach some of London's financial services firms if the UK does not secure a good Brexit deal. Jon Cunliffe, deputy governor with responsibility for financial stability, said while the threat from European financial hubs like Frankfurt, Paris or Amsterdam was unlikely to [...]
Sir Philip Green faces a fresh grilling when MPs debate BHS’ collapse next Thursday October 12, 2016 Sir Philip Green faces a fresh grilling from MPs when the House of Commons debates the collapse of BHS next Thursday. City A.M. understands the debate will focus on the BHS pension scheme and the damning report from MPs that labelled Sir Philip Green "the unacceptable face of capitalism". Read more: Sir Philip Green's Mediterranean superyacht renamed [...]