Sir Philip Green is threatening legal action against the chair of a parliamentary inquiry into the collapse of BHS July 25, 2016 Retail tycoon Sir Philip Green is threatening to sue work and pensions committee chair Frank Field over some of his comments relating to the collapse of BHS. Green has appointed law firm Schillings, who today wrote to Field demanding an apology within 24 hours. The lawyers claim Field accused Green of stealing money from the BHS and Arcadia pension funds in an [...]
Philip Hammond should ignore siren calls for more fiscal stimulus and develop a real strategy for growth July 25, 2016 A question, readers. Who said “spending and borrowing our way out of a recession, over and above the levels that are implied by the automatic stabilisers… will not work and is not sustainable”? Clue: he’s now chancellor of the exchequer. Philip Hammond once believed that Keynesian demand management was a fool’s errand. Just two weeks [...]
Top credit ratings agency declares European Union “unsustainable” July 25, 2016 Standard and Poor's (S&P), one of the world's top credit ratings agencies, has branded the current European Union "unsustainable" as it outlined the urgent need for reform. The UK's vote to sever ties with the other 27 members of the EU is just the latest example of dismay with the system of "pooled" sovereignty where [...]
A Labour MP has written to Jeremy Corbyn to withdraw her resignation from the party’s shadow cabinet July 25, 2016 A Labour MP has written to Jeremy Corbyn asking to be reinstated to the party's shadow cabinet just over a month after she declared the leader's role to be “untenable”. Sarah Champion quit her role as shadow home office minister for preventing abuse and domestic violence in late June. I have just stepped down from [...]
Labour councillors may back Owen Smith, but they believe local members will turn out for Jeremy Corbyn July 25, 2016 A new survey of Labour party councillors in marginal constituencies has found that while most back leadership challenger Owen Smith, many suspect their local members will not follow suit. In a survey of 350 Labour councillors across 250 marginal constituencies, Anglia Ruskin University found that 60 per cent backed Smith. By contrast, just 28 per [...]
Prime Minister Theresa May has sought to play down fears of a new hard border in Ireland in the aftermath of the Brexit vote July 25, 2016 Prime Minister Theresa May has sought to play down fears of a new hard border between Northern Ireland and the Republic of Ireland in her first visit to the country. Speaking in Belfast today, May said that while a border between the two will be inevitable, she was seeking a practical response to the new [...]
Prime Minister Theresa May wants to reform capitalism, according to Number 10 July 25, 2016 Prime Minister Theresa May wants to reform capitalism in the wake of the parliamentary inquiry into the collapse of BHS. A spokesperson for May said the Prime Minister wants to "tackle corporate irresponsibility and reform capitalism to make sure it works for everyone not just the privileged few". Read more: Seven numbers explaining the demise of [...]
First Minister Nicola Sturgeon says Scotland can consider prospect of independence after Brexit vote July 25, 2016 First Minister Nicola Sturgeon has said Scotland can again raise the prospect of independence in the wake of the Brexit vote. Speaking in Scotland, Sturgeon said she is going to "explore every option to protect Scotland's interests" in the wake of the Brexit vote, including a possible second referendum. "We can seek to find or [...]
Green Party opens voting for leadership after Natalie Bennett stands down July 25, 2016 Voting has begun in the Green Party's leadership election after Natalie Bennnett stood down in May. Brighton Pavilion MP Caroline Lucas is favourite, standing on a joint ticket with Jonathan Bartley, the party's national work and pensions spokesperson. Read more: Natalie Bennett to stand down as leader of the Green Party after four years Simon Cross, Clive [...]
North Sea oil tycoon warns against second indy ref July 25, 2016 One of Scotland's most successful businessmen, Sir Ian Wood has urged Nicola Sturgeon not to call a second independence referendum. It comes as Sturgeon prepares to make a speech later today, outlining five Brexit demands for Scotland which could trigger a second Indy ref in the next two years. Read more: Date set for first North Sea [...]