Sadiq Khan visits Paris to secure business and tech startup collaboration with London August 25, 2016 London mayor Sadiq Khan has travelled to Paris in a bid to secure a partnership with the French capital in the aftermath of Brexit. Khan was invited to France by Anne Hidalgo, the Parisian mayor, for the anniversary of the liberation of the city from Nazi forces. City A.M. previously revealed City Hall was in talks [...]
May under pressure to ditch target as net migration still above 300,000 August 25, 2016 Theresa May has come under fresh pressure to scrap her target to cut migration as the latest figures showed net migration is still running at more than three times the government's official "tens of thousands" target In the year to March 2016, net migration – the difference between the number of arrivals and departures – came in at 327,000 [...]
Watch Ukip leader Nigel Farage address a rapturous Trump rally August 25, 2016 When Nigel Farage said he wanted his life back as he resigned as Ukip leader, presumably what he meant was that he would be enjoying every last minute of his remaining tenure. The party is still trying to select his replacement, but Farage looked thoroughly at home in Mississippi last night as he addressed a [...]
Google, Facebook and Twitter blasted over failure to tackle online extremism August 25, 2016 The world's biggest tech companies have been blasted by MPs for failing to do enough to tackle extremism which appears in videos and messages posted online. Google, Facebook and Twitter have have been accused of "consciously failing" to tackle the incitement of extremism, despite multi-million pound profits, by a group of MPs on the home affairs select [...]
Free movement is gone – but business can still persuade the public of the benefits of migration August 25, 2016 Britain may have a new home secretary and a new PM, but the quarterly immigration figures, out today, look set to tell the same old story. The government remains nowhere near meeting its “tens of thousands” net migration target and new polling shows the public doesn’t think it’s likely to. But business voices hoping Amber [...]
Theresa May warned lower migration could trigger recession August 25, 2016 The prime minister has been warned cutting migration could push the UK into recession and trigger a prolonged economic slowdown. As new figures are set to show net migration still running at more than three times the government’s “tens of thousands” target, experts lined up to slam Theresa May’s commitment to cut the number of new [...]
WPP chief and Remain campaigner Martin Sorrell wants second EU vote August 24, 2016 Sir Martin Sorrell, the founder and chief executive of advertising giant WPP, wants the British public to be offered a second vote on EU membership after Brexit terms have been negotiated. Sorrell, who campaigned for Remain in the run-up to the EU referendum, told City A.M.: “I still hold out the hope that sense will [...]
The US is not happy about the EU’s crackdown on tech giants’ tax arrangements August 24, 2016 Top officials in the US have raised concerns over Europe's probes into the tax arrangements of companies such as Apple, an investigation of which is due to be wrapped up imminently and could result in a multi-billion pound bill for the tech company. The US Treasury argues it will create an "unfortunate" precedent in international tax policies and leave taxpayers [...]
Jeremy Corbyn’s claims of support from Bernie Sanders have been rubbished by the Vermont senator August 24, 2016 Jeremy Corbyn is facing fresh embarrassment after Vermont senator Bernie Sanders rubbished the Labour leader's claims of sending a message of support. Speaking at a campaign event on Monday evening in East London, Corbyn claimed Sanders had contacted his team over the weekend. However, Sanders' camp have denied that there had been any message transmitted from [...]
EU wades in to Greek statistician row with bailout threats August 24, 2016 Never far from the headlines, the Greek debt crisis rumbles on. Now, a row in the country over data supplied by its official statistics agency Elstat could risk Athens' current bailout programme. Earlier this month Greece’s Supreme Court ruled the former head of Elstat, Andreas Georgiou, should face trial on charges of artificially inflating Greece’s deficit in 2009 to help foreign creditors secure [...]