Chancellor Philip Hammond is reportedly considering an early sale of the government’s remaining Lloyds Bank shares July 17, 2016 Chancellor Philip Hammond may be weighing a rapid sale of government holdings in Lloyds, despite the fact that shares in the bank remain almost 25 per cent below a previously estimated break-even price. Hammond, who was Prime Minister Theresa May's first appointment last week, is reportedly considering early sales for the bank shares. Lloyds shares [...]
Labour’s Owen Smith promises £200bn infrastructure fund as he attacks Jeremy Corbyn for “posturing” July 17, 2016 Labour leadership challenger Owen Smith has promised to create a £200bn infrastructure fund as part of a "British New Deal" and accused current leader Jeremy Corbyn of "posturing". Formally launching his campaign to replace Corbyn in his constituency of Pontypridd, Smith said the money would go towards physical and social projects, including hospitals and roads, as well [...]
Scotland in the EU and in Brexit Britain? Don’t rule it out, says Sturgeon July 17, 2016 Scotland could remain a part of the European Union as well as a part of a non-member UK, First Minister Nicola Sturgeon has said. "I don't think that should be ruled out" said Sturgeon, speaking on the BBC's Andrew Marr Show on Sunday morning when asked if that situation was a possibility. "We're in uncharted territory and [...]
The new transport secretary says it’s full speed ahead for HS2 July 17, 2016 It's full-speed ahead for the High Speed 2 rail project – despite concerns over budget-busting costs and criticism that it is flawed a "vanity project". Newly appointed transport secretary has said the £56bn project to bring high speed train travel between London and cities in the North, including Leeds, Birmingham and Sheffield, will remain on track. "I have [...]
Brexit minister suggests cut-off date for EU migrants July 17, 2016 The minister in charge of Brexit has suggested a cut-off date for giving migrants from Europe leave to remain status to avoid a "surge" of people entering the country between now and leaving the EU. David Davis has said he will seek a "generous settlement" for EU citizens already in the UK and expats in [...]
Bonza: Australia wants a trade deal with the UK post-Brexit July 17, 2016 Australia is seeking a free trade deal with the UK after the vote to leave the EU, it has been revealed. Newly installed Prime Minister Theresa May and her counterpart in Australia Malcolm Turnbull spoke over the phone on Saturday and Turnball indicatied a desire to negotiate a deal as soon as possible. "I have been very clear that [...]
Prime Minister Theresa May makes a few more ministerial changes July 16, 2016 Theresa May has announced a number of junior ministerial appointments as she makes her mark as Prime Minister. Penny Mordaunt and Mike Penning are now both ministers are the Department of Work and Pensions and Ministry of Defence, respectively. Meanwhile, Sir Oliver Heald has taken on a ministerial position at the Ministry of Justice. Read more: May says [...]
Boris Johnson, foreign secretary, underlines support for democratic institutions in wake of events in Turkey “coup” July 16, 2016 Foreign secretary Boris Johnson has said he's very concerned about the events that unfolded in Turkey last night as he underlined his support for its government. He said this morning that he had spoken to Turkey's foreign minister Mevlüt Çavuşoğlu to underline UK support for the democratically elected government and institutions. Last night he tweeted his concern over the events [...]
Angela Eagle takes dig at Theresa May’s cabinet appointments as she tries to calm down Labour party violence July 15, 2016 Attempting to engage the left of the Labour party, leadership contender Angela Eagle has given a speech in which she has tried to sooth tension within the party. In a speech with little policy substance, Eagle said that Labour has its work cut out for it as it is, let alone with infighting. Speaking at [...]
US Presidential Election 2016: Silicon Valley really, really doesn’t want Donald Trump to take the White House July 15, 2016 Silicon Valley tech executives have set aside competing for the world's next big invention and united in one common cause: to stop Donald Trump becoming president. Nearly 150 executives, including Apple co-founder Steve Wozniak, Twitter co-founder Evan Williams and eBay founder Pierre Omidyar signed the letter to Trump laying out why they don't support him. His presidency, [...]