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 [...]
A final verdict on the construction of Hinkley Point C has been delayed to early Autumn, despite EDF approving the project today July 28, 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 [...]
Jeremy Corbyn’s name to stay on Labour leadership ballot, decides London court July 28, 2016 Jeremy Corbyn's name will be staying on the ballot for Labour party leadership race, after the high court found in the current leader's favour. The legal challenge was brought by Labour party donor Michael Foster after Labour’s National Executive Committee ruled that Corbyn would be automatically included on the Labour leadership ballot. The decision meant Corbyn [...]
The yawning gap between Labour supporters and the general public has been illustrated by a new survey July 28, 2016 A new survey has revealed the widening gulf in opinion between Labour supporters and the voting public, with the two sides disagreeing on which of the party's leadership candidates would make the best Prime Minister. In a survey of 1545 UK adults, pollster BMG found that 57 per cent of voters said that leadership challenger [...]
President Barack Obama’s best comments at the Democratic National Convention July 28, 2016 President Barack Obama is to leave the White House later this year, his successor yet to be elected. It's going to be a tense run-off between Democrat Hillary Clinton and Republican Donald Trump. Polling and bookies puts Clinton out in front ahead of the election in November, but Trump has already defied greater odds just [...]
Advanced economies stuck in trap of low growth and rising populism July 28, 2016 The cycle of weak growth and political instability affecting the developed world was laid bare in a new report into the state of the world's largest economies, published this morning. Economies are trapped in a spiral of weak growth and growing debt while politicians fail to grasp the problems, leading to a political backlash and a clamour [...]
Should Philip Hammond cut VAT to support post-referendum economy? July 28, 2016 Theresa May and Philip Hammond have promised to "reset" the government's spending plans in the wake of the EU referendum. George Osborne's goal to run a budget surplus has been abandoned while rumours about a massive injection of government spending are gathering pace. In 2008, as the Labour government scrambled to deal with the start of the slowdown, [...]
Foreign secretary Boris Johnson to meet French counterpart Marc Ayrault who called former mayor a liar during EU referendum July 28, 2016 Foreign secretary Boris Johnson will meet his French counterpart later today, a man who branded him a liar during the EU referendum. The French foreign ministry said: “This first trip to France by the British foreign secretary will offer an opportunity to discuss the most important international issues of the day on which we work closely with [...]
Court could be about to throw a spanner in the works for Corbyn’s Labour dreams July 28, 2016 The fate of Jeremy Corbyn's somewhat controversial battle to stay leader of the Labour party rests on a knife edge, as the high court is due to hand down judgment in a case on the matter later on today. If the case does not go in Corbyn's favour, the Labour party may have to backtrack [...]