The UK’s pensions lifeboat remains buoyant on Brexit and BHS, despite rising claims values July 21, 2016 The UK's pensions lifeboat remains optimistic on its prospects, despite facing the potential rescue of two substantial schemes and uncertainty generated by Brexit. In figures published today, the Pension Protection Fund reported a £4.1bn surplus for the year to 31 March, up from £3.6bn. The collapse of BHS earlier this year means the PPF is currently assessing [...]
Jeremy Corbyn’s campaign launch: Here’s what he said about business July 21, 2016 Labour leader Jeremy Corbyn delivered a confident speech today as he launched his campaign to retain his place at the helm of the party. In a good mood, Corbyn announced that he would fight to rid the UK of its 21st century "five ills" of inequality, neglect, prejudice, insecurity and discrimination. His speech included a dig at [...]
Treasury Committee chair Andrew Tyrie demands airports update from new chancellor Philip Hammond July 21, 2016 New chancellor Philip Hammond is facing demands from parliament's influential Treasury Committee to publish more information on the government's arguments for airport expansion. Committee chair Andrew Tyrie has written to Hammond, and accused his predecessor George Osborne of "obfuscation and delay". In his letter to Hammond, Tyrie said: "For nearly 40 years, there has been much talk, but [...]
£4.6m in just 48 hours: The mind-boggling numbers behind Labour’s leadership election July 21, 2016 The Labour party has completed a mind-boggling fundraising drive in the last 48 hours by asking supporters to contribute £25 to vote in its upcoming leadership election. The party estimates that roughly 183,000 people signed up to vote in the last 48 hours, with each paying £25 a pop. It equates to a cash injection [...]
Francois Hollande reiterates calls for speedy Brexit negotiations ahead of meeting with Prime Minister Theresa May July 21, 2016 While German Chancellor Angela Merkel was somewhat receptive to Theresa May's declarations that the UK needs more time before triggering Article 50, she may have a tougher audience in Paris later today. French President Francois Hollande is in a more bullish mood, and has repeatedly said that the UK should trigger the mechanism under which it can [...]
Jeremy Corbyn launches leadership campaign stating he wants to tackle nation’s “five ills” July 21, 2016 Incumbent Labour leader Jeremy Corbyn has pledged to fight "five ills of 21st century Britain" as he launched his bid to retain his place at the top of the party. Corbyn promised to fight against inequality, neglect, prejudice, insecurity and discrimination as he launched his campaign today in central London. Future Labour governments will require [...]
The Lib Dems spent nearly £8,000 for Nick Clegg to mime a Carly Rae Jepsen song in the build up to last year’s election July 21, 2016 In the build up to the general election, former Lib Dem leader Nick Clegg spent almost £8,000 to imitate a music video in a desperate bid to “go viral”. The video, first revealed by The Times, saw Clegg imitate the role of Tom Hanks in a Carly Rae Jepsen music video. In the original video, Hanks walks the streets [...]
Nobody wins from a house price crash July 21, 2016 The full effects of the referendum on Britain’s economy are still unknown. Stocks are faring relatively well, with the FTSE 100 bursting over 6,700 and the FTSE 250 hitting a post-vote high. The pound remains slumped below $1.32, however, while consumer confidence appears to have taken a tangible knock. Many business leaders are worried, and some [...]
Ken Clarke says there is a good chance of recession before end of this year July 21, 2016 Tory grandee Ken Clarke has said that the UK could very well be headed for a recession given the current economic instability resulting from the Brexit vote. The former chancellor said there could be a recession before the end of the year. Speaking to LBC, Clarke said: "I think there's a very good risk of recession [...]
German Chancellor Angela Merkel has welcomed the visit of Prime Minister Theresa May with a fresh warning that the EU will not negotiate before the UK triggers Brexit July 20, 2016 German Chancellor Angela Merkel delivered a fresh warning on the timing of Brexit talks when she met Theresa May for the first time since the latter became Prime Minister. Visiting Berlin just a week after entering office, May was told that the UK must activate departure mechanisms before seeking agreements on freedom of movement or single [...]