Jeremy Corbyn has named a new shadow City minister, recruiting an MP who previously resigned in protest over his leadershp September 26, 2016 Labour leader Jeremy Corbyn is set to rebuild his front bench with the appointment of a new shadow City minister. City A.M. understands that business, innovation and skills (BIS) committee member Jonathan Reynolds will be handed the role, replacing Richard Burgon, who was promoted to shadow justice minister during the summer. The appointment is the first [...]
What is the worst policy to come out of the Labour party conference so far? September 26, 2016 Dan Lewis, senior infrastructure policy adviser to the Institute of Directors, says the ban on fracking. Fracking has been transformative for the United States, leading to reshoring of manufacturing, bringing down energy prices, reducing emissions, creating jobs and raising taxes. No serious US politician seeking power wants to reverse that. And in this country, it will [...]
Leave the EU’s Customs Union for a serious trade and aid policy September 26, 2016 It will not be enough to leave the EU’s Single Market. We need to leave its highly corrosive Customs Union too. Indeed, as a new report from Global Britain into the links between international trade and development aid shows, leaving the Customs Union is a prerequisite for making globalisation of benefit to the whole world – [...]
Theresa May is more interested in migration targets than a Brexit deal says senior Labour MP September 26, 2016 The chair of Labour’s Progress, a centre-left campaign group, has launched a stinging attack on Theresa May, arguing her focus on a “sustainable” net migration target is limiting the ability to secure the best possible Brexit deal. Since coming to power, May has retained a target of reducing net migration to below 100,000, first launched [...]
The US is looking to formalise policy around blockchain technology September 26, 2016 The UK faces competition from across the pond in positioning itself as a world leader in blockchain technology. The fledgling technology that underpins bitcoin, but has far wider implications beyond digital currencies, is hitting the agenda of the US government with the creation of a cross-party working group to look at policies surrounding the technology as well as digital currencies such [...]
John McDonnell just promised to maintain access to the Single Market September 26, 2016 Shadow chancellor John McDonnell has vowed to fight to maintain access to the Single Market after Brexit. Speaking at the Labour Party Conference, McDonnell said: We will seek to preserve access to the Single Market for goods and services. Today, access to the Single Market requires freedom of movement of labour. But we will address [...]
The Tories are on track for a 70 seat majority according to new polling stats September 26, 2016 Theresa May's Conservatives would dramatically boost their majority to more than 70 seats in a general election according to new polling figures. The Conservatives led Labour by 10 points in an online survey conducted last week by pollsters Survation. The firm revealed the stats at a fringe event hosted by LabourList at the party conference in Liverpool, [...]
Labour leader Jeremy Corbyn will now renew the attack on capitalism September 26, 2016 You may not have spent your Saturday morning huddled round the TV waiting for the result of the Labour leadership election to be announced, but you probably haven't missed the fact that Jeremy Corbyn saw off his challenger and cemented his position as leader of Her Majesty’s Most Loyal Opposition. Yes, Jeremy’s going nowhere – [...]
Five points the City needs government to heed during Brexit negotiations September 26, 2016 To a huddle of European journalists, Jens Weidmann, president of the Bundesbank, claimed that Frankfurt could be attractive and would welcome newcomers. This is of course just the latest marketing attempt by our competing continental financial centres wanting take some of the City’s business. But how does the City respond? We are of course used to [...]
Syria must burn itself out: It is time for the West to do nothing September 26, 2016 (The best policy is) to float lazily downstream, occasionally putting out a diplomatic boathook to avoid collisions. Lord Salisbury, 1877 In one of the least shocking policy outcomes of the year, the US-Russian brokered ceasefire in Syria did not last the week. Speaking as a longstanding sceptic of intervention there, being right analytically gives me [...]