PMQs today: David Cameron says it would be the wrong approach to abandon the chancellor’s fiscal rule June 29, 2016 It would not be the right approach to abandon the chancellor's fiscal rule in response to tough economic conditions resulting from Brexit, Prime Minister David Cameron has said. In response to a question from Labour leader Jeremy Corbyn about whether the government is ready to scrap the rule as investors are holding off investment and jobs [...]
Prime Minister David Cameron has appealed to opposition leader Jeremy Corbyn to resign “in the national interest” June 29, 2016 David Cameron launched an extraordinary attack on Jeremy Corbyn during Prime Minister's Questions today, telling the Labour leader to step down. Closing a series of muted exchanges between the pair, Cameron turned fire on Corbyn directly, appealing to him to leave for the sake of the country. "It might be in my party's interest for [...]
European leaders send David Cameron home to discuss Brexit June 29, 2016 European leaders are having their first full meeting as a bloc without the United Kingdom today following the EU referendum. David Cameron addressed the 27 heads of state and top European officials over dinner yesterday evening, expressing his regret at the terms of the vote and – for good measure – delivering another ultimatum over [...]
Shadow education secretary Pat Glass has resigned from Labour’s shadow cabinet after 48 hours in the job June 29, 2016 The mass exodus of Labour's shadow cabinet took a(nother) farcical turn today, after shadow education secretary Pat Glass stepped down – after just two days in the job. Today Glass, who was appointed on Monday, tweeted: "It is with a heavy heart that I have today resigned as Shadow SoS [secretary of state] Education. My dream [...]
Fintech boss Rajesh Agrawal named as deputy mayor for business and enterprise June 29, 2016 Fintech entrepreneur Rajesh Agrawal has been named as the new deputy mayor for business and enterprise. Agrawal, chief executive of Rational FX and online money transfer platform Xenday, was named to the position by London mayor Sadiq Khan earlier today. Khan has tasked Agrawal with protecting jobs and growth while trade negotiations with the European Union and other countries take place. Agrawal said: Having run my [...]
Brexit will cause carnage for UK fund managers June 29, 2016 Brexit would be “carnage” for UK fund managers, leaving them battling regulatory hurdles, experts have warned. London is a global hub for fund management, with an estimated $6.6trn of assets in the City invested by hundreds of fund groups. UK fund managers without a global footprint rely on regulation called the “Ucits passport” to do [...]
Work and pensions minister Stephen Crabb becomes the first official candidate for Conservative leadership June 29, 2016 Work and Pensions minister Stephen Crabb has put forward his bid to become the leader of the Conservative party – making him the first person to launch an official bid to become the UK's next Prime Minister. At a press conference today, Crabb said the UK faces a "challenge of mind-boggling complexity". Crabb has teamed [...]
Now even Thomas Piketty has quit as an adviser to Jeremy Corbyn June 29, 2016 Thomas Piketty, one the world's most famous left-wing economists and inequality campaigners, has left his position as an adviser to Labour leader Jeremy Corbyn. Piketty, who shot to worldwide fame in 2013 with his highly-cited, less-often-read treatise on inequality, "Capital in the Twenty-First Century", was a member of Corbyn's economic advisory council, but has stepped down and attacked [...]
Business secretary Sajid Javid looking for role of chancellor as he says “we’re all Brexiteers now” June 29, 2016 Business secretary Sajid Javid today confirmed that he is running on a joint ticket for the Tory leadership with work and pensions secretary Stephen Crabb and hopes to take on the role of chancellor if they are successful. Javid, who supported Remain in the build-up to the referendum, said that Crabb is the right candidate as [...]
Politicians must show some tactical nous June 29, 2016 Never will you feel more English than when, the day after a crashing defeat, you find yourself debating the state of the country’s footballers. It is a half-century long tradition in this part of the UK, one that we repeat, like clockwork, every two years – except on the occasions when our national team fails to [...]