The National Living Wage has led to hiked prices since its introduction in April, but there is little evidence of linked job losses July 11, 2016 The introduction of the national living wage has seen businesses hike their prices, according to a new study from the Resolution Foundation, but there is limited evidence of linked job losses. The living wage, which starts at £7.20 an hour, was introduced by George Osborne in the 2015 Budget, and came into force in April [...]
Andrea Leadsom apologises to Theresa May over motherhood comments July 11, 2016 Andrea Leadsom has apologised to Theresa May after saying motherhood would give her an "edge" in the Conservative leadership race and make her a better prime minister. Leadsom has insisted the comments, made in an interview with the Times on Saturday, were misquoted. "I've already said to Theresa how very sorry I am for any [...]
A free Scotland will need the free market July 11, 2016 Two areas have dominated debate since the EU referendum result: economics and politics. The former has been a justifiable preoccupation for many, with an undeniable uncertainty having taken hold in many corners of the City. Meanwhile, the political debate centred first on Labour's internal collapse before turning to question of the Tory leadership. But there [...]
Coming To America: Osborne flies the flag for Britain on world tour as he seeks to bolster international trading relationships post-Brexit July 11, 2016 George Osborne is kicking off a post-referendum world tour with a declaration that “Britain will be a beacon for free trade…more open to the world than ever”. Writing in the Wall Street Journal ahead of visiting New York today, the chancellor says that he is determined “to build a more outward-looking, global-facing Britain, with stronger [...]
Theresa May is bidding to win the support of Tory members from today with pledges to tackle bad corporate governance July 11, 2016 Theresa May will tomorrow begin her efforts to win over Conservative party members with promises to tackle big business and boost shareholder accountability. Speaking in Birmingham, May will promise to unite the party and offer strong leadership, while hitting out at failures in corporate governance. “The people who run big businesses are supposed to be [...]
Over 1,000 barristers write to Cameron branding the Brexit outcome “not legally binding” July 11, 2016 The legal clamour against the result of the EU referendum is growing, with over 1,000 barristers branding the outcome “not legally binding” and demanding that leaving the EU be subject to an Act of Parliament. The barristers are writing to Prime Minister David Cameron this week to call for MPs to be given a free vote [...]
Northern Powerhouse investment has been put at risk by the UK’s Brexit vote, according to a new report July 10, 2016 Government plans to build the Northern Powerhouse will be left on the brink of failure without boosted efforts to attract foreign investment, according to a new report. Chancellor George Osborne has been seeking to bridge the economic gap between London and the North since June 2014 when he announced the powerhouse agenda. However, according to [...]
Tory leadership contender and energy minister Andrea Leadsom has published her 2014/15 tax return July 10, 2016 Tory leadership contender Andrea Leadsom has published details of her tax affairs after becoming one of the final two candidates to succeed David Cameron. The figures prepared by Isis Accountants of Wellingborough show a total income of £83,930 for 2014/15, with £7,333 derived from dividends, tax credits and interest on top of her ministerial salary. [...]
MPs are planning contempt motion against Blair over Iraq July 10, 2016 Tony Blair faces further scrutiny over his role in leading the UK into the Iraq war as MPs plan to table a motion in Parliament against the former Prime Minister declaring him in contempt. Conservative MP David Davis has said he will put forward the motion in the House of Commons on Thursday which could see MPs [...]
Eagle: Corbyn “will have to find nominations” for leadership ballot July 10, 2016 The challenger for the leadership of the Labour party has said Jeremy Corbyn will not have a place on the ballot paper in the contest without the support of MPs. Angela Eagle has said Corbyn will need the 51 nominations to run in a leadership contest, appearing on ITV's Peston on Sunday show, and that he was "not a leader". Read more: [...]