Deutsche Bank has a few ideas for Theresa May’s new industrial strategy August 25, 2016 One of the world's top investment banks has called on Theresa May to embrace a new industrial strategy and help revive British manufacturing to its former glory. Chief economists at Deutsche Bank have put together a dossier for the new Prime Minister on how she can make the most of the post-referendum opportunities, to pull [...]
EU responds to US treasury complaints over commission investigation into tax arrangements August 25, 2016 The EU has brushed off complaints from the US Treasury about its investigations into tax deals between companies like Apple and McDonald's and member states. The US Treasury published a white paper yesterday in which it attacked the EU's tax probes, arguing that they will create an "unfortunate" precedent in international tax policies and leave [...]
Senior Tory Andrew Tyrie is pressuring chancellor Philip Hammond to reinstate Budget fairness scores August 25, 2016 Treasury Select Committee chair Andrew Tyrie is pressuring the chancellor Philip Hammond to reinstate reports on how the poor are affected by the government's Budgets. For the five years to 2015, the Treasury included “distribution analysis” in its Budget documents, which revealed how changes to tax, welfare and public spending impacted people in a range [...]
Two groups of rival EU protesters are set to clash outside parliament in just over a week August 25, 2016 Rival protesters are set to clash in London early next month when the campaign group March for Europe stages a second anti-Brexit demonstration in Westminster. The group's last protest in July saw thousands of marchers take to the streets in the aftermath of the UK's vote to leave the EU. And now demonstrators will return on [...]
Sadiq Khan visits Paris to secure business and tech startup collaboration with London August 25, 2016 London mayor Sadiq Khan has travelled to Paris in a bid to secure a partnership with the French capital in the aftermath of Brexit. Khan was invited to France by Anne Hidalgo, the Parisian mayor, for the anniversary of the liberation of the city from Nazi forces. City A.M. previously revealed City Hall was in talks [...]
May under pressure to ditch target as net migration still above 300,000 August 25, 2016 Theresa May has come under fresh pressure to scrap her target to cut migration as the latest figures showed net migration is still running at more than three times the government's official "tens of thousands" target In the year to March 2016, net migration – the difference between the number of arrivals and departures – came in at 327,000 [...]
Watch Ukip leader Nigel Farage address a rapturous Trump rally August 25, 2016 When Nigel Farage said he wanted his life back as he resigned as Ukip leader, presumably what he meant was that he would be enjoying every last minute of his remaining tenure. The party is still trying to select his replacement, but Farage looked thoroughly at home in Mississippi last night as he addressed a [...]
Google, Facebook and Twitter blasted over failure to tackle online extremism August 25, 2016 The world's biggest tech companies have been blasted by MPs for failing to do enough to tackle extremism which appears in videos and messages posted online. Google, Facebook and Twitter have have been accused of "consciously failing" to tackle the incitement of extremism, despite multi-million pound profits, by a group of MPs on the home affairs select [...]
Free movement is gone – but business can still persuade the public of the benefits of migration August 25, 2016 Britain may have a new home secretary and a new PM, but the quarterly immigration figures, out today, look set to tell the same old story. The government remains nowhere near meeting its “tens of thousands” net migration target and new polling shows the public doesn’t think it’s likely to. But business voices hoping Amber [...]
Theresa May warned lower migration could trigger recession August 25, 2016 The prime minister has been warned cutting migration could push the UK into recession and trigger a prolonged economic slowdown. As new figures are set to show net migration still running at more than three times the government’s “tens of thousands” target, experts lined up to slam Theresa May’s commitment to cut the number of new [...]