EU referendum: Here’s the “positive case” for staying in the EU, according to David Cameron May 27, 2016 When David Cameron set the date for the EU referendum back in February, he told the world you’d never catch him talking down Britain. A few months, some close opinion polls and a two slightly dodgy dossiers of Treasury analysis later, and that “positive case” for staying in the EU seems a distant memory. “Project Fear” [...]
Donald Trump could pick a fight with Opec and the Paris climate deal May 27, 2016 From oil to greener energy sources, Donald Trump is unimpressed with the depth and breadth of the energy world, taking issue with both Opec and COP 21, the climate change agreement struck in Paris last year. Trump's advisors have suggested that he examine the Organisation of the Petroleum Exporting Countries' (Opec) role in the oil price slump [...]
World leaders declare Brexit a “serious risk to growth” May 27, 2016 World leaders have said the possibility of the UK voting to leave the European Union poses one of the most serious risks to growth in the global economy. At the end of the second day of the G7 meeting in Japan, the leaders of the seven big industrial nations, plus the European Union, said: “A [...]
Sadiq Khan’s housing expert – a former senior adviser to Jeremy Corbyn – quits City Hall team May 27, 2016 Sadiq Khan was dealt an early blow to his mayorship this morning, as his housing expert – a former senior adviser to Jeremy Corbyn – has quit his team. Neale Coleman was appointed to help with Khan's first few months in power, but Coleman is said to have walked out on City Hall after the former [...]
Fears grow that Tata Steel may not be able to sell Port Talbot plant – and the government could support its continued ownership May 27, 2016 FEARS are growing that Tata has been unable to find a buyer for its UK operation, with one Westminster source telling City A.M. that the Indian giant's retention of the business is now "a racing certainty". Tata has been seeking a buyer for the business since March, and was expected to publish a shortlist of [...]
Pensioners could lose £32,000 if Britain leaves the EU, says Osborne May 26, 2016 Pensioners could lose £32,000 if Britain leaving the EU shocks markets, a Treasury analysis has found. The Treasury suggests that Brexit will lead to an increase in inflation and financial market turmoil which will, in turn, lead to millions of current and future pensioners being worse off. The study, which is the latest in the string of Treasury [...]
BHS inquiries have “prompted more questions than answers” May 26, 2016 The two inquiries set up to investigate the BHS fiasco have unearth more questions than they have answers, the chair of one of the committees involved said today. Frank Field, who chairs the Work and Pensions committee, has written to Goldman Sachs’ Anthony Gutman, who appeared at an evidence session on Monday, and Arcadia Group for further [...]
MPs reject Ashley’s Sports Direct warehouse visit demand May 26, 2016 An influential committee of MPs has declined a request from Sports Direct owner Mike Ashley to visit one of his warehouses. Ashley asked the Business Innovation and Skills committee to attend his Shirebrook warehouse as a precondition for his attendence to a Parliamentary hearing on 7 June. However, the MPs have rejected the suggestion, while [...]
French strikes spark confrontations between police and protestors May 26, 2016 Tens of thousands of demonstrators took to the streets, smoke bombs were thrown and arrests made amid protests over new labour laws by the French government. Their grievances centre on the government's proposed reforms to employment laws, which make it easier for firms to hire and fire. Prime Minister Manuel Valls said some tweaks could be [...]
Top Tory tackles Treasury over “propaganda” Brexit forecasts May 26, 2016 Former shadow home secretary David Davis has condemned the EU referendum's remain campaign, arguing that the Government is publishing “pure propaganda”. In a forthright intervention, Davis slammed Treasury claims that a vote to leave the EU would generate a recession, and that it would leave households worse off in the long run. Davis has long [...]