Jean-Claude Juncker provisionally backs Sir Julian King to be the UK’s next EU Commissioner July 11, 2016 Jean-Claude Juncker has provisionally backed the nomination of Sir Julian King to become the UK's new EU commissioner. The president of the European Commission will determine whether to appoint King, whom he met in Brussels this morning, by the end of the month. "President Juncker was able to establish Sir Julian's European competencies. On the basis [...]
Theresa May set to be appointed as new UK Prime Minister July 11, 2016 Theresa May could be named Prime Minister within days in the wake of Andrea Leadsom's shock withdrawal from the Conservative leadership race. May is the only remaining candidate in the Tory leadership race, after Leadsom announced that she would be pulling out of the contest – and gave her backing to the home secretary, whom she [...]
Andrea Leadsom quits Conservative leadership race – meaning Michael Gove or Boris Johnson could be back in the running against Theresa May July 11, 2016 Andrea Leadsom has quit the Conservative leadership race and called for Theresa May to be installed as the new Prime Minister. The energy minister announced that she would be leaving the contest by reading a letter she had written to the 1922 Committee, in a press appearance at her front door this afternoon. Leadsom used her [...]
Angela Eagle launches bid for Labour leadership, declaring “I’m here to win” July 11, 2016 Angela Eagle, the former shadow business secretary, has formally launched her widely predicted bid to take over as leader of the Labour party, slamming current leader Jeremy Corbyn. Eagle branded her campaign as one to re-unify the party after weeks of rebellion with Labour's parliamentary ranks, including a vote of no confidence which saw 172 Labour MPs [...]
David Cameron has announced a new defence partnership with Boeing at the opening of the Farnborough Airshow July 11, 2016 David Cameron has appeared at the Farnborough Airshow to announce a deal with Boeing to create 2,000 new jobs in the UK. The US giant will also increase R&D spending, and work with the government to build a new £100m operational support and training base at RAF Lossiemouth in Scotland. Boeing will also increase bid [...]
The National Living Wage has led to hiked prices since its introduction in April, but there is little evidence of linked job losses July 11, 2016 The introduction of the national living wage has seen businesses hike their prices, according to a new study from the Resolution Foundation, but there is limited evidence of linked job losses. The living wage, which starts at £7.20 an hour, was introduced by George Osborne in the 2015 Budget, and came into force in April [...]
Andrea Leadsom apologises to Theresa May over motherhood comments July 11, 2016 Andrea Leadsom has apologised to Theresa May after saying motherhood would give her an "edge" in the Conservative leadership race and make her a better prime minister. Leadsom has insisted the comments, made in an interview with the Times on Saturday, were misquoted. "I've already said to Theresa how very sorry I am for any [...]
A free Scotland will need the free market July 11, 2016 Two areas have dominated debate since the EU referendum result: economics and politics. The former has been a justifiable preoccupation for many, with an undeniable uncertainty having taken hold in many corners of the City. Meanwhile, the political debate centred first on Labour's internal collapse before turning to question of the Tory leadership. But there [...]
Coming To America: Osborne flies the flag for Britain on world tour as he seeks to bolster international trading relationships post-Brexit July 11, 2016 George Osborne is kicking off a post-referendum world tour with a declaration that “Britain will be a beacon for free trade…more open to the world than ever”. Writing in the Wall Street Journal ahead of visiting New York today, the chancellor says that he is determined “to build a more outward-looking, global-facing Britain, with stronger [...]
Theresa May is bidding to win the support of Tory members from today with pledges to tackle bad corporate governance July 11, 2016 Theresa May will tomorrow begin her efforts to win over Conservative party members with promises to tackle big business and boost shareholder accountability. Speaking in Birmingham, May will promise to unite the party and offer strong leadership, while hitting out at failures in corporate governance. “The people who run big businesses are supposed to be [...]