Work and pensions secretary Stephen Crabb has pulled out of the race to succeed David Cameron, offering his support to home secretary Theresa May July 5, 2016 Work and pensions secretary Stephen Crabb has pulled out of the race to succeed David Cameron, offering his support to home secretary Theresa May. His withdrawal leaves just three candidates battling it out to be the next prime minister- May, justice secretary Michael Gove and energy minister Andrea Leadsom. Speaking to the BBC, Crabb said [...]
Tory backbencher Liam Fox is the first candidate to be eliminated as Theresa May tops the Conservative leadership ballot July 5, 2016 Tory backbencher Liam Fox has lost out in the first round of the competition to become Conservative party leader and Prime Minister. Fox will now be eliminated from the next round of voting, while all candidates will have the option of withdrawing before a second ballot on Tuesday. Meanwhile, home secretary Theresa May was the clear [...]
Energy minister Andrea Leadsom proposed scrapping employment rights at micro-businesses in a 2012 speech July 5, 2016 Small businesses would be liberated from minimum wage and maternity pay requirements under plans proposed by Tory leadership candidate Andrea Leadsom in 2012. In a speech in the House of Commons, Leadsom said that companies employing three employers or fewer should see any regulation scrapped. “I envisage there being absolutely no regulation whatsoever—no minimum wage, [...]
Pressure mounting on Andrea Leadsom to publish tax return after reports company with family links used potential tax avoidance measures July 5, 2016 Conservative leadership contender Andrea Leadsom has come under further pressure to publish her tax returns after reports that a company with family links used a potential tax avoidance mechanism. Gloucester Research Limited, owned by Leadsom's brother-in-law and run by her husband, had used an employee benefit trust (EBT) for four years, The Times first reported. Although they [...]
Carney for PM? Bank of England governor praised for Brexit response July 5, 2016 With political crisis engulfing Westminster in the wake of the EU referendum, businesses have increasingly had to rely on other sources of authority to fill the void. David Cameron has been conspicuously absent from the big stage since he resigned in the hours after the vote, while the Conservative leadership race has hijacked much of the decision [...]
“I don’t mind who wins as long as Gove comes third” – Sir Malcolm Rifkind and Ken Clarke caught on microphone criticising Conservative leadership candidates July 5, 2016 Former cabinet minister Ken Clarke has been caught on microphone at Sky News' Westminster studio giving his unguarded opinion of the Tory leadership candidates. Conservative MPs are today voting in the first stage of the contest, with Michael Gove, Theresa May, Andrea Leadsom, Stephen Crabb and Liam Fox all battling it out to remain in [...]
European Commission President Jean-Claude Juncker says Boris Johnson and Nigel Farage left “the boat” after Brexit vote July 5, 2016 Brexit campaigners Boris Johnson and Nigel Farage are "sad heroes" who are guilty of "leaving the boat" instead of developing a plan after standing down in the wake of the Brexit vote, according to Jean-Claude Juncker. Farage yesterday resigned as leader of the UK Indepdence Party, while Boris Johnson ended up not running for the [...]
The Taxpayers’ Alliance campaign group has demanded a raft of reductions in rates, just days after George Osborne revealed a reduction in corporation taxes July 5, 2016 Campaign group Taxpayers' Alliance has called on chancellor George Osborne to follow up on his corporation tax cut with a raft of new measures to shore up confidence in the economy. Osborne announced on Sunday that corporation tax would drop to 15 per cent in a bid to encourage businesses to Britain in the aftermath [...]
Former chancellor Ken Clarke says Conservative leadership contest has left governor of the Bank of England Mark Carney to deal with aftermath July 5, 2016 A Tory grandee has warned that the nature of the race to replace David Cameron has left the governor of the Bank of England to deal with the fallout of the Brexit vote. Former chancellor Ken Clarke said that Mark Carney had been "left in charge of the shop" due to Cameron's decision to stand [...]
Deputy Labour leader Tom Watson set to meet unions to discuss Jeremy Corbyn’s leadership July 5, 2016 Labour's deputy leader Tom Watson is set to meet with unions today in an attempt to pile on further pressure on Jeremy Corbyn to resign. Leader Jeremy Corbyn has come under increasing pressure to resign amid speculation that he ran a lacklustre EU referendum campaign and would not be able to win a general election, [...]