In numbers: Remain campaigners and Downing St aides to get gongs – but how does Cameron’s honours list compare to previous PMs? August 1, 2016 Former Prime Minister David Cameron is facing fury over this morning over honours expected to be delivered to former members of staff and EU referendum campaigners. The Sunday Times reported that Cameron will hand out 48 gongs in his resignation honours, with exactly half predicted for former Downing Street staff. The nominations have led to the [...]
Labour’s love affair with fantasy economics August 1, 2016 In a recent interview Jeremy Corbyn was asked to identify his successes of the past year. Alongside saying sorry for the Iraq war, the Labour leader said “turning the party into one that challenges the economic orthodoxy” comes high on his list of achievements. He may be challenging it, but he's far from forging a [...]
It’ll be Clinton who destroys the transatlantic alliance – not Trump August 1, 2016 I will never vote for Donald Trump. In line with the classic modern American demagogic tradition – from Huey Long to George Wallace – the present Republican nominee often plays fast and loose with the truth. He either outright lies, as when he said large crowds of Muslims were cheering in New Jersey when 9/11 [...]
The favourite to succeed Nigel Farage will find out on Tuesday whether he is in the race after missing a deadline to enter the leadership contest July 31, 2016 The hot favourite to succeed Nigel Farage will find out on Tuesday whether his campaign has fallen at the first hurdle after he missed a deadline to submit his nomination to battle in the party's leadership contest by almost 20 minutes. Candidates were required their application alongside 50 nominations and a cheque for £5,000 to the party by [...]
London mayor Sadiq Khan has branded Labour’s anti-business reputation as an “embarrassment” July 31, 2016 Labour is seen as being “unfriendly to business”, according to the party's most senior elected politician, London mayor Sadiq Khan. Khan said the City of London in particular had “unease” with Labour both in the 2015 general election and under its current leadership. A spokesman for Labour leader Jeremy Corbyn declined to respond to Khan's comments Sources close [...]
Scrap the state pension “triple lock” urges ex-pensions minister July 31, 2016 The so-called triple lock for state pensions should be scrapped, the former pensions minister has said. The costly protection which guarantees a yearly rise in line with either inflation, average earnings or 2.5 per cent – whichever is highest – should be dropped by the government to save billions of pounds, outgoing pensions minister Baroness Altman [...]
Theresa May has a “general prejudice” against Chinese investment, says Vince Cable after Hinkley Point decision is delayed July 30, 2016 The new prime minister has a “general prejudice” against Chinese investment into the UK, Sir Vince Cable has claimed. The former Liberal Democrat business secretary, who worked with new PM Theresa May in government when she was home secretary, also revealed she had “raised objection” to the Hinkley Point project, which is backed Chinese investment. [...]
YouGov survey finds Scots favour UK over EU – even if it means losing Single Market access July 30, 2016 Scotland would choose being part of the UK over the EU, a new survey suggests. A YouGov poll of 1,006 Scots also found “no real shift towards independence” after the UK’s Brexit vote. This is despite the fact a majority in Scotland voted in favour of Remain. Read more: Sturgeon says Scotland can consider prospect of independence [...]
Ready when you are: EDF boss understands why government needs a “little time” to consider Hinkley Point July 30, 2016 The head of French energy group EDF has said he understands why the UK government needs a “little time” to consider the Hinkley Point project. But Vincent de Rivaz said in an open letter to staff, sending a message of “continuity and confidence”, that EDF is ready when the UK government is. Earlier this week, in a [...]
Sigh. Yes, the Treasury has a cat too July 29, 2016 City A.M. prides itself on reporting the most important financial news as soon as it happens. No matter how small the story, we make sure you are up to date with everything going on in the financial sector. And so, it is with a deep and shuddering sigh we bring you the news that, like 10 [...]