Treasury’s bank bailout tsar Kingman in talks with L&G June 5, 2016 The senior civil servant who was central to Britain's bank bailouts in 2008 is in line to chair FTSE 100-listed insurer and asset manager Legal & General. John Kingman, who is stepping down as second permanent secretary of the Treasury, has been approached about taking over the position when current chair, John Stewart, leaves the role on 1 June. It's [...]
Even Michael Gove is confused by Brexit – “Tangled words” leave Justice secretary promising UK won’t quit EU before next election June 5, 2016 One of the leading lights of the Brexit campaign has been forced into an embarrassing u-turn after stating the UK would remain in the European Union until at least 2020. Speaking on Peston On Sunday earlier today, justice secretary Michael Gove said Leave campaigners would not withdraw the UK from the EU before the next election. [...]
The European Union is “an engine for job destruction” say Brexit campaigners Boris Johnson and Michael Gove June 5, 2016 Former London mayor Boris Johnson and justice secretary Michael Gove have hit out at the European Union's effects on business, while accusing the government of misleading the public on the economy. In a 2,000 word letter to Prime Minister David Cameron, which is also signed by Labour's Gisela Stuart, the Leave campaigners played down business [...]
Hackers reportedly took down the London Stock Exchange website last week June 5, 2016 Cyber criminals reportedly shut down the London Stock Exchange website last week, keeping it out of action for more than two hours. According to the Mail on Sunday, hacker group Anonymous carried out the attack on Thursday morning. The group claims the attack on the London Stock Exchange was the latest in a series that [...]
Gove slams investment banks over EU relationship June 5, 2016 Michael Gove has fired shots at investment banks and big business in the midst of EU referendum campaigning, saying the EU is rigged in their favour. One of the most high profile campaigners for leaving the EU alongside Boris Johnson, Gove said that big banks such as Goldman Sachs and Morgan Stanley calling the shots in [...]
Brexit odds cut again as Leave confidence grows June 5, 2016 Odds of Brexit have been shortened again as confidence in a vote to leave Europe grows. The likelihood of Britain leaving the EU has increased to 29 per cent, or odds of 9/4, according to Ladbrokes. Remaining a part of the bloc is still the most likely outcome in the 23 June referendum, however, that has shrunk, with [...]
Sir John Major is very angry at the Brexit campaign June 5, 2016 Former Prime Minister Sir John Major has launched a scathing attack on the Leave campaign accusing it of misleading people. A supporter of remaining in Europe, Major accused the Leave campaign of being "dishonest" and "verging on the squalid". "I'm not prepared to give the benefit of the doubt [to the Leave campaign]… this is a deceitful campaign," [...]
David Cameron warns of mortgage rise if Britain votes for Brexit June 5, 2016 David Cameron has warned that mortgages could rise for millions of homeowners if Britain votes to leave the EU. The Prime Minister has said average repayments could rise by nearly £1,000 a year because leaving Europe could lead to tighter credit controls as well as pushing up interest rates. But the claim has been called "desperate" [...]
Proposed government plans on steel pensions could see oldest pensioners losing out on thousands, warns former minister June 4, 2016 Proposals to rule changes for the British Steel Pension Scheme could strike the oldest and most vulnerable pensioners the hardest, a former pensions minister warned today. Steve Webb, who is now director of policy at Royal London, said his firm's calculations suggested that an 80-year-old currently receiving an income from the scheme could be as much as £10,000 [...]
US Presidential Election 2016: In 1994, Donald Trump didn’t want to “sound too much like a chauvinist” but wanted his dinner on time June 3, 2016 One of the many worries the Republican establishment has had about Donald Trump is that he would crash and burn against Hillary Clinton as he can't touch her appeal to a wide section of society. A section of particular concern is the female vote. Even in this campaign, he's had a dig or two at Clinton for playing [...]