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 [...]
Aviation minister Lord Ahmad considering cracking down on airport alcohol sales July 29, 2016 The UK's new aviation minister has shaken many a business traveller with the news that he will examine how alcohol is sold in airports, after several recent incidents involving drunk passengers. Lord Ahmad has said he will "look at" the times alcohol is on sale at British airports and consider passenger screening measures before boarding [...]
PM’s takeover test may do more Arm than good July 29, 2016 We're less than a month into Theresa May’s administration but there’s already a worrying air of economic policy schizophrenia drifting through Whitehall. The new Prime Minister has the most daunting in-tray of any incoming Premier for decades, but she needs to flesh out her vision for corporate Britain fast; what she has offered so far [...]
Nuclear fallout: Government cools on Hinkley Point after EDF approval July 29, 2016 A decision by the board of French energy giant EDF to approve construction of two new nuclear reactors at Hinkley Point in Somerset was given a lukewarm response by Theresa May’s government last night. In a shock move, business and energy secretary Greg Clark said the government will now review the details and make a decision [...]