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      Borrowing costs fall after Bank of England ‘surprises’ markets with bond sale change

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Politics

  • Labour donor entices rebels with millions to defect over Jeremy Corbyn’s leadership

    July 6, 2016

    A Labour donor has said he will give rebels millions of pounds to defect amid concerns that the party can no longer provide effective opposition. Dr Assem Allam, who has donated more than half a million pounds to Labour, has said he fears Labour will never be be able to recover after Corbyn's leadership turned [...]

  • US Presidential Election 2016: Barack Obama takes the stage with Hillary Clinton as Donald Trump says her private email put “country in danger”

    July 6, 2016

    President Barack Obama took to the stage with Democrat Presidential hopeful Hillary Clinton last night to urge voters to support her on the same day the FBI cleared her over her personal email system use. While Obama said he was ready to "pass the baton" on to his former secretary of state, rival Donald Trump [...]

  • Tory race should come down to experience

    July 6, 2016

    By Thursday night we'll know which two Tory MPs will face a ballot of the party membership. One will emerge as David Cameron's successor in No 10. Five aspiring PMs entered the first round of voting yesterday, and now just three remain. Liam Fox was the first to fall. Having stood unsuccessfully for the party [...]

  • Pensions under threat from Brexit

    July 6, 2016

    Savers have faced the biggest shake-up to the pensions system in a generation under the watch of chancellor George Osborne. Many of the changes are controversial, and others have been announced yet not formalised. But Brexit has put a spanner in the works – as negotiations over a deal with Europe under a new Conservative leader [...]

  • 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 [...]

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