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 [...]
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 [...]