From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy
Bank of England expected to issue more Brexit warnings this week May 8, 2016 The Bank of England is expected this week to issue more warnings over the EU referendum. Governor Mark Carney has repeatedly cautioned over the potential impact over a so-called Brexit. And more warnings are on the cards this week, with the Bank publishing its inflation report on Thursday. Read more: Britain won't take a pounding if it goes [...]
How much will Sadiq Khan earn as mayor of London? May 8, 2016 He may come from humble beginnings but Sadiq Khan is now set to earn some serious dosh. His punchline for his mayoral campaign was “I’m the son of a bus driver”. The Tooting MP, whose parents are Pakistani immigrants, grew up in a modest south London housing estate with his seven siblings. He slept in [...]
Saudi Arabia ousts long-serving oil minister Ali Al Naimi sparking fears volatility will return to the oil market May 8, 2016 Saudi Arabia’s dismissal of its oil minister yesterday has sparked concerns that fresh volatility is about to hit the market. The kingdom ousted its long-serving oil minister who was the driver behind Opec's 2014 policy of holding production despite plummeting oil prices. Ali al-Naimi, who held the post from 1995, has been replaced by Khalid Al Falih, chairman of [...]
Cameron promises to fight global corruption in wake of Panama Papers May 8, 2016 The Prime Minister has promised to fight global corruption ahead of a summit due to be held in London this week where the Panama Papers leak is likely to dominate the agenda. David Cameron has said he will put tackling corruption at the "top of the international agenda" at the international anti-corruption summit this Thursday, which [...]
EU referendum: Now top life science bosses warn of Brexit risk, including GSK, AstraZeneca and Pfizer in open later May 8, 2016 Top bosses at firms such as GlaxoSmithKline, AstraZeneca and Pfizer are among more than 90 leaders in the life sciences who are the latest to warn of the risks of Britain leaving Europe. In a letter, published in the Observer, the group warned of the implications on the sector which employs more than 222,000 people, spends £4bn on research and [...]
EU referendum: George Osborne warns Brexit will hit Britain where it hurts – property prices May 8, 2016 George Osborne has warned that the nation's homeowners face a double whammy drop in house prices and a rise in mortgage costs if Britain votes to leave Europe. "It’s already clear from the Treasury analysis that for example, there would a significant shock to the housing market, that would hit the value of people’s homes, that would hit the cost [...]
Sadiq Khan comes out fighting against “Donald Trump” tactics and Labour squabbles May 8, 2016 Newly elected Mayor of London Sadiq Khan has warned that the Labour party needs to stop arguing among itself and focus on the lives of voters while blasting the Conservative's "Donald Trump" tactics. After winning a comfortable majority to give Labour its first election win in City Hall for eight years, Khan said: "It might [...]
Northern Ireland election draws to a close with the DUP’s Arlene Foster set to stay on as first minister May 7, 2016 The Northern Ireland Assembly election is drawing to a close, with nearly all of the seats filled. Votes started kicked off at 9am this morning, with Northern Ireland initially having gone to the polls two days ago. The Democratic Unionist Party (DUP) is set to hold onto its crown as the biggest party, with Arlene Foster staying on [...]
Sadiq Khan vows to make London better as he’s sworn in as mayor May 7, 2016 Sadiq Khan sworn vowed to make London better as he was sworn in as the new mayor of London at Southwark Cathedral. He stormed to victory yesterday with the biggest ever mandate from the electorate, ending eight years of Conservative control at City Hall. "I'm determined to lead the most transparent, engaged and accessible administration London [...]
Obama warns Trump “this is not a reality show” May 7, 2016 President Barack Obama has warned republican candidate Donald Trump that the top spot in the White House "is not a reality show". Asked about Trump at a media briefing, Obama urged the press and public to weigh past remarks by the outspoken candidate. "This is not a reality show. This is a contest for the presidency of [...]