Owen Smith declares bid for Labour leadership July 13, 2016 Pontypridd MP Owen Smith is set to announce his intention to battle incumbent Jeremy Corbyn and rival challenger Angela Eagle for the Labour leadership. The former shadow cabinet member, who stepped down amid a slew of resignations last month, is a second challenger, raising speculation that his entry could benefit Corbyn. Smith told BBC Radio [...]
Let’s not be misled by the Celtic Tiger’s roar July 13, 2016 Behold the Celtic Tiger! Ireland’s economy grew by a whopping 26.3 per cent last year according to the country’s official stats office, which put out revised numbers yesterday – that’s over 11 times as much as the UK, and more than three times faster than India’s widely-celebrated economic expansion. Incredible, eh? There’s a reason why [...]
Indian nationals need a new visa: Britain is shooting itself in the foot with its backward system July 13, 2016 The UK-India relationship is one of both traditional and contemporary strength. Current business secretary Sajid Javid has described the partnership as being at a “key juncture” and as providing “opportunities we would be foolish to ignore”. And with a UK-India trade agreement hailed a “deal made in heaven” by the Confederation of Indian Industry (CII), now [...]
With the Labour Party in complete turmoil, does it have any chance of regaining power by 2025? July 13, 2016 Alex Thomson, director at Hanover Communications, says Yes. Politics is a bit like geology. For years it can appear that nothing is happening. But the tectonic plates are ever shifting under the surface, and finally things erupt. So while Labour may be facing a number of problems at the moment, including a fall in Jeremy Corbyn’s [...]
History shows us why the next chancellor must tighten the belt July 13, 2016 On the face of it, the Brexiteers have a bit of explaining to do. A week before the vote, Boris Johnson dismissed fears about the value of sterling, and accused the governor of the Bank of England of “talking the economy down”. Yet the economy does seem to have stalled, property funds have had to suspend [...]
London mayor Sadiq Khan has secured a £15m windfall after licensing contactless ticketing technology July 13, 2016 London mayor Sadiq Khan has secured a £15m windfall after licencing the technology behind Transport for London's contactless ticketing system. TfL technology can now be used worldwide by Cubic Transportation Systems, which provides ticketing tools in Sydney, Brisbane, Vancouver and Chicago. London mayor Sadiq Khan said the cash from the licensing deal will go towards the delivery [...]
Political hiatus will only exacerbate uncertainty and send a negative message to investors, says president of the Institution of Civil Engineers Sir John Armitt July 13, 2016 The political hiatus currently engulfing the country will send a negative message to investors, president of the Institution of Civil Engineers Sir John Armitt has warned, as he said the government must reassert its commitment to infrastructure. Armitt, a former chief executive of Network Rail, said the EU referendum outcome has left a cloud of uncertainty [...]
This isn’t a break with the past – it’s a revival of past ideas that don’t work July 12, 2016 We've just spent the last 43 years resisting the imposition of continental style corporate governance upon British companies. Now that we’re leaving the EU’s embrace, new Prime Minister Theresa May is advocating that we adopt them anyway. This is not, to be polite about it, a sensible move. Earlier this week, May vowed to put workers [...]
Jeremy Corbyn will be included on the ballot for Labour’s leadership contest automatically July 12, 2016 Jeremy Corbyn will be included on the ballot in Labour's leadership contest without requiring support from other MPs, Labour's National Executive Committee (NEC) has decided. The dispute over whether MPs' support would be required for Corbyn to run has intensified this week as Angela Eagle launched her bid for the leadership of the party. A [...]
The pound is on its best run against the Japanese yen in three years July 12, 2016 Sterling is on course for its best performance against the yen in over three years after Theresa May was named as the successor to Prime Minister David Cameron. A 1.9 per cent rise for the pound sent it to a one-week high of $1.3246, while against the safe haven Japanese yen sterling climbed almost four per [...]