Labour’s in a hole and it just keeps digging July 25, 2016 This is the time of year when the City starts to feel a little quieter. Indeed, the desire to find a bit of post-referendum down-time is likely proving irresistible. But spare a thought for one group of people who are already dreading the return to work: Labour MPs. Their party will spend the summer locked [...]
Sir Philip Green ran BHS like a medieval fiefdom: Now his reputation hangs by a thread July 25, 2016 Our new Prime Minister has promised to get “tough on irresponsible behaviour in big business”. The report today of our joint Select Committee on the collapse of BHS offers a case study of what can go wrong at a company almost 90 years old and why she is right that government must react. After over [...]
High stamp duty charges risk deterring labour market mobility among senior executives, according to a new analysis July 25, 2016 High stamp duty charges may be deterring senior executives from moving to the UK, according to a new study by UHY Hacker Young. In a study of equivalent tax regimes in 26 countries, the accountancy group found that the UK charges significantly higher taxes on personal property than many of its western European neighbours, and [...]
Prime Minister Theresa May will today head to Northern Ireland to talk Brexit with the country’s leaders July 25, 2016 Theresa May will today head to Belfast to meet Northern Irish leaders ahead of the UK's Brexit talks. May has already visited Edinburgh and Cardiff and will use the trip to stress plans to engage with the Stormont executive as Britain prepares to quit the EU. Speaking ahead of her visit, she said: “Peace and [...]
Requests for cyber crime information up threefold since 2013 July 25, 2016 The number of information requests concerning cyber crimes made to the UK government has increased threefold since 2013, according to data obtained by Thomson Reuters. Foreign law enforcement agencies made a record 1,652 requests to the UK government for information relating to cyber crime investigations in 2015, up 44 per cent on the 1,141 requests in 2014. The increase in requests has been attributed [...]
Sir Philip Green leadership failure and personal greed led to collapse of BHS, MPs say July 25, 2016 Sir Philip Green is ultimately responsible for the failure of BHS, according to senior MPs who today publish the findings of a parliamentary inquiry in the retailer's collapse. The joint inquiry by the work and pensions select committee and the business, innovation and skills select committee found that Green's family became "incredibly wealthy" during their [...]
Nearly 40 per cent of non-doms are considering leaving UK, according to top accountancy firm July 25, 2016 Nearly 40 per cent of non-doms are thinking of permanently leaving the UK, according to a top accountancy firm. Top ten accountancy firm Moore Stephens has found that 37 per cent of non-doms are considering leaving, with 64 per cent citing changes to their tax status as a reason for considering such a move. Moore [...]
Former shadow chancellor Chris Leslie blasts “ludicrous” MI5 theories on Labour’s troubles July 24, 2016 Former shadow chancellor Chris Leslie has launched a scathing attack on a senior member of Labour's treasury team after they refused to rule out MI5 involvement in the party's troubles. Unite secretary general Len McCluskey suggested on Friday that intelligence services could be using “dark arts” against the current Labour leadership. Questioned on the comments on Sky News, [...]
Chancellor Philip Hammond says UK is seeking an ambitious new free trade deal with China in the aftermath of last month’s Brexit vote July 24, 2016 Chancellor Philip Hammond has launched talks over an ambitious new free trade deal as part of his visit to China. Hammond visited Beijing and Hong Kong ahead of the G20 finance ministers meeting in Chengdu, and yesterday said that both sides would want to ink a bilateral deal in the aftermath of Brexit. Asked specifically [...]
These famous faces are backing a new platform to fix the UK’s broken politics July 24, 2016 Martha Lane Fox, Dan Snow and Simon Schama are among the famous faces backing a new platform that's seeking to fix the UK's broken political systems – but it says it's not a political party. More United bills itself as a "tech-driven poltical startup" and "a new people's movement". The platform will support any candidate which abides by certain [...]