Market economy status for China could kill Britain’s steel industry May 4, 2016 The government has been accused of supporting a policy that would deal a final blow to the British steel industry, already thought to be in its death throes. Axel Eggert, director general of European steel association Eurofer, told City A.M. at the World Manufacturing Forum: "Market economy status for China would most likely be the [...]
Most migrants in the UK not affected by Prime Minister David Cameron’s proposed changes to the welfare system, according to the Migration Observatory May 4, 2016 A new report has called into question the effectiveness of Prime Minister David Cameron's argument that the "emergency break" would lead to a fall in net migration. A report by Oxford University's Migration Observatory has found that newly arrived migrants are less likely to be claiming welfare benefits, undermining Cameron's assertion that his EU reforms [...]
EU referendum: Brexit would mean higher inflation and more quantitative easing May 4, 2016 The Bank of England may have to extend its bond-buying quantitative easing programme if the UK votes to leave the European Union, an asset management firm has said today. Hermes Investment Management warned that Brexit would cause the pound to fall – potentially to around $1.20 – and growth would be hit, putting the Bank of England [...]
London mayoral election 2016: Nearly half of London’s transport users say candidates haven’t spent enough time on transport issues May 4, 2016 Nearly half of London's transport users don't think any of the mayoral candidates have spend enough time addressing the capital's transport issues, according to new research. Research from taxi app Hailo found that both Sadiq Khan and Zac Goldsmith should use the last day of campaigning to make clear their case for ensuring the future economic prosperity [...]
London mayoral election 2016: Zac Goldsmith and Sadiq Khan in last ditch appeal May 4, 2016 Tomorrow London will take to the polls to elect its next mayor, so it's only expected that candidates are making last ditch attempts to appeal to voters across the capital. Conservative Zac Goldsmith and Labour's Sadiq Khan have been hitting the campaign trail hard one last time. And in their bids to succeed Boris Johnson, they're trying to appeal to [...]
EU referendum: Poll indicates Remain has the lead with 50 days to go until the vote May 4, 2016 With just 50 days to go until the United Kingdom votes on its relationship with the European Union Remain continues to lead, according to a new poll. The latest polling by TNS shows that Remain has 39 per cent of support, while Leave has 36 per cent of support. Some 26 per cent are still [...]
EU referendum: House of Lords says vote to leave would lead to “difficult and lengthy negotiations” May 4, 2016 If the United Kingdom ends up voting to leave the European Union, the departure will follow years of difficult negotiations focussed primarily at how to validate the rights of the two million Britons living in the EU, a House of Lords report has warned. The Lords EU committee said that leaving the EU would necessitate [...]
EU referendum: Former Labour Prime Minister Tony Blair says the UK will do the “sensible” thing and vote to Remain May 4, 2016 The United Kingdom will do the "sensible thing" and vote to remain in the European Union, former Prime Minister Tony Blair has said. The former Labour leader said that most Britons would think it is foolish to take the risk and vote for Brexit. Speaking to Bloomberg, Blair said: "When you look at the polls, [...]
Still undecided on the London mayoral election? Zac Goldsmith and Sadiq Khan interviews – head to head May 4, 2016
City A.M. Unregulated podcast, episode 6: Zac Goldsmith vs Sadiq Khan – Who should have the City’s vote in the London mayoral election? May 4, 2016 From Bollywood blunders to accusations of racism from all sides: no matter whether Zac Goldsmith or Sadiq Khan wins, the next Mayor of London is going to take over after a divisive campaign. Who should the City be voting for? Chewing over the promises from both of London's main candidates, as well as what will dominate in the first [...]