General Election 2015: David Cameron’s Conservative cabinet reshuffle so far – Sajid Javid confirmed as new business secretary as Eric Pickles loses communities and local government role May 11, 2015 Following Friday's fireworks, it's time to get down to business: the Prime Minister has set about forming the first all-Conservative cabinet in 18 years, with Sajid Javid appointed as business secretary, while Iain Duncan Smith has kept the work and pensions gig. Meanwhile, Greg Clark dethroned his boss, Eric Pickles, to become secretary of state [...]
General Election 2015 reshuffle: Chris Leslie is the new Ed Balls as Labour’s shadow chancellor in Harriet Harman’s shadow Cabinet May 11, 2015 It's not just David Cameron putting his cabinet together today. The Labour party may have had an utterly disastrous election, but a shadow cabinet still needs to be formed by the acting leader Harriet Harman – and that's just what she's been up to this morning. Harman has opted to keep the shadow cabinet largely unchanged [...]
General Election 2015 reshuffle: Sajid Javid as business secretary gets a thumbs up from the City May 11, 2015 David Cameron's appointment of former treasury man Sajid Javid as business secretary has received a positive welcome from the City. “This is a solid appointment and one that will bring a wealth of experience to an important office," said the Institute of Directors' head of communications and campaigns Christian May. "Sajid Javid is respected by [...]
Alan Sugar resigns from Labour due to “negative business policies” May 11, 2015 Lord Sugar has resigned from the Labour party, citing disillusionment with its "negative business policies and general anti-enterprise stance". The entrepreneur, now best known for presenting The Apprentice, said he had lost confidence in the party last year but postponed his resignation until after the General Election in order to minimise the damage. Sugar joined [...]
General Election 2015 cabinet reshuffle: Sajid Javid – three things you need to know about the new business secretary in David Cameron’s cabinet May 11, 2015 David Cameron has lined up Sajid Javid as his new secretary of state for business in his first all-Conservative government. 1. In government Javid has had a meteoric rise in politics, having gone from parliamentary candidate to secretary of state in less than five years. Javid was culture secretary in the last government, a role he [...]
General Election 2015: George Galloway starts legal action after losing Bradford West constituency to Labour’s Naz Shah by over 11,000 votes May 11, 2015 George Galloway has announced he will be starting legal proceedings in an attempt to have his 11,000-vote defeat in the General Election overturned. Galloway won the Bradford West seat for the Respect Party in a by-election in 2012, but suffered a 29.7 per cent reverse after last week's voting, losing to Labour’s Naz Shah by 19,977 [...]
Tory MPs demand end to banker bashing: Bank levy debate hots up after historic Conservative election victory May 11, 2015 Conservative MPs and senior City figures want the new government to rein back punitive taxes aimed at banks and avoid weakening one of the UK’s most competitive industries. Shares in banks jumped on last week’s unexpected election result. Defeated Labour leader Ed Miliband had threatened major hikes to the bank levy, more bonus taxes and [...]
Senior Tory Eric Pickles hints at new Budget in coming weeks May 11, 2015 A Conservative member of the last coalition Cabinet said yesterday that chancellor George Osborne could unveil a new Budget “relatively soon”. Eric Pickles, who served as secretary of state for communities and local government, said that the move would be needed to outline Tory attempts to reduce the state’s huge annual deficit. Osborne revealed his [...]
Andrew Tyrie MP faces fight to keep Treasury Committee chair May 11, 2015 High-profile MP Andrew Tyrie is facing a challenge to his position as Treasury Select Committee (TSC) chairman, City A.M. understands. Jesse Norman, fellow Conservative and former Barclays banker, is believed to be seeking the role for the coming parliament. Such a move could shock political and financial circles, given that Tyrie is held in high [...]
David Cameron’s cabinet reshuffle: Iain Duncan Smith keeps job as Tory big beasts are reappointed May 11, 2015 David Cameron will today confirm that Iain Duncan Smith is the latest big gun in the new all-Tory cabinet, holding on to his job as work and pensions secretary. Duncan Smith will be in charge of meeting the Conservative pledge to find £12bn worth of savings in the welfare budget by 2020. Only £2bn of [...]