Sir Philip Green will be chatting with MPs tomorrow after all June 14, 2016 After a few days of doubt, Sir Philip Green has today confirmed that he will attend a hearing with MPs to discuss the collapse of BHS after all. There was some speculation that the Arcadia boss would bow out of his scheduled meeting after last week calling for the chair of the Work and Pensions select committee to [...]
North Sea to warn government subsea sector risks losing world-leading position June 14, 2016 North Sea oil and gas leaders will deliver a stark warning to the government tomorrow, saying that the subsea sector risks losing its world-leading position. Industry body Subsea UK is leading a delegation to tell Westminister what it must do to help the embattled sector, which focuses on the exploration, drilling and development of oil fields located [...]
London mayor Sadiq Khan has cited a controversial “beach body” campaign as an example of advertising that would be banned under new rules June 14, 2016 London mayor Sadiq Khan has suggested that new advertising rules for TfL would extend beyond rulings made by watchdogs, citing one controversial campaign as an example. Khan announced yesterday that the rules would come into force from next month, blocking adverts that create unhealthy or unrealistic body images. And speaking on LBC today, Khan cited [...]
EU referendum: Brexit camp is storming ahead with just over one week to go June 14, 2016 With just over one week to go the Leave campaign has stormed ahead in the latest polling. The Brexit camp now has 49 per cent of the vote, compared to Remain's 48 per cent among those definite to vote in the latest ORB poll. It's the first time the Leave side has been ahead since [...]
David Cameron’s EU renegotiations were “Mickey Mouse” according to an international trade lawyer (who also happens to be his former deputy’s wife) June 14, 2016 David Cameron's renegotiations with the EU have been slammed as “Mickey Mouse” by Spanish international trade lawyer Miriam Gonzalez Durantez. Durantez, who is married to former deputy prime minister Nick Clegg, said the UK is “sleepwalking towards disaster” in next week's Brexit vote, and called on the UK to commit to further European reform. Speaking at [...]
CMA takes over investigation of energy price comparison websites June 14, 2016 Britain's competition watchdog is looking into whether energy tariff comparison websites' use of paid-for online search advertising breached competition law. The investigation was passed onto the Competition and Markets Authority (CMA) by energy regulator Ofgem after it found employees staff and representatives had previously expressed concerns to some of the parties under investigation. The CMA expects to make a decision [...]
Metlife: This is how much direct and indirect tax the average Brit pays per hour June 14, 2016 Brits could be forking out a lot more in taxes than they realise. Employees are paying an average £1.25 an hour in direct and indirect tax, according to a new analysis by life insurance firm MetLife. Read more: It’s Tax Freedom Day – it may be the latest it’s been since 2001 but you’re finally earning for yourself And [...]
EU referendum betting odds: A Brexit vote has just reached its highest probability since March June 14, 2016 If you're planning on betting on a Brexit, now's the time to do it, after bookie Betfair put the chances of a Leave vote at 40 per cent, with odds of 6/4. Meanwhile, the probability of a Remain vote fell to 60 per cent, giving it odds of 4/6. That figure is the highest since it [...]
Smaller pension funds to suffer most if there’s a Brexit June 14, 2016 Mercer has warned smaller pension funds are most at risk from potential market volatility in the wake of Brexit. It comes as fears about the financial market impact if the UK votes to leave the EU next week sent the CBOE Market Volatility Index (Vix), aka the Fear Index, to its highest level in three months yesterday. Read [...]
The Sun backs Brexit, asks its readers to “beLEAVE in Britain” June 13, 2016 In a major blow to Prime Minister David Cameron, The Sun has come out in favour of Brexit in the upcoming EU referendum. The newspaper's front page on Tuesday carries an editorial backing the Leave campaign: “We urge our readers to beLEAVE in Britain and vote to quit the EU on June 23”. The influential [...]