EU referendum: JP Morgan chief exec Jamie Dimon tells shareholders a vote to Remain is better for the British economy April 6, 2016 Britain’s economy will suffer if the country votes to leave the EU, JP Morgan shareholders have been warned tonight. Chief executive Jamie Dimon has cautioned investors that “the range of outcomes of a Brexit is large and potentially unknown”, in a letter seen by City A.M. “In a bad scenario, and this is not the worst-case [...]
Panama Papers Prime Minister David Cameron and his family will not benefit “in future” from any offshore funds or trusts, No 10 says April 6, 2016 David Cameron and his family will not derive any benefit in future from any offshore funds or trusts, a government spokesperson said today, after the Prime Minster's late father was named in the documents leaked from law firm Mossack Fonseca. The data leak details how the Panamanian company helped thousands of people hide their riches [...]
French former National Front leader Jean-Marie Le Pen fined €30,000 for Holocaust remarks April 6, 2016 Former National Front leader Jean-Marie Le Pen has been fined €30,000 (£24,000) for labelling the Holocaust a "detail" of the Second World War. A court in Paris handed Le Pen the fine for making the comments about the Nazi gas chambers. Prosecutors in France opened an investigation against the former far-right leader over comments he [...]
EU referendum: Latest Brexit doomsday forecast suggests GDP growth will halve, an investment drought and sterling crash April 6, 2016 Brexit could compromise the City of London’s position as Europe’s top financial services centre, cause massive swings in the value of sterling, a sharp jump in inflation and at least three years of economic turmoil according to a top analytics firm, in the latest attempt to paint a picture of Brexocalypse. With opinion polls all over [...]
EU referendum: Most Scots want to remain part of the EU, but a large number are still undecided as they ponder the Holyrood election April 6, 2016 Most Scots want to stay in the European Union, but a large number are still undecided as they are preoccupied with the Holyrood election, according to a new poll. A new poll by TNS has found that 51 per cent of Scots want to remain as part of the 28-member bloc, with just 19 per cent wanting to [...]
EU referendum: Will the Dutch referendum impact on the UK’s EU vote? April 6, 2016 After more than 450,000 people signed a petition, the Netherlands will today turn up to the polls in a referendum of their own on the EU-Ukraine deal. Just weeks before the UK's referendum, the vote on the EU-Ukraine Association Agreement has the potential to send shockwaves through Europe. Indeed, if the Netherlands votes against the agreement in [...]
Panama Papers: Iceland’s Prime Minister resigns following public outcry April 5, 2016 Iceland's Prime Minister Sigmundur David Gunnlaugsson has resigned following the Panama Papers scandal, local media has reported. Earlier suggestions that Gunnlaugsson would dissolve parliament and call a new election were blocked by the country's president. The country's opposition party yesterday demanded a vote of confidence, after huge protests across the country. It was revealed in leaked documents from Panamanian law firm Mossack Fonseca on [...]
EU referendum: City of London Corporation boss calls Boris Johnson Brexit backing “unwelcome and unhelpful” April 5, 2016 The boss of the City of London has called the mayor of London's backing of Brexit "unwelcome and unhelpful". Speaking to Reuters, City of London Corporation boss Jeffrey Mountevans, Lord Mayor of the City of London, said Boris Johnson's position was "disappointing". "The City of London is the leading international financial centre in the world. It is the [...]
EU referendum: How MPs’ backgrounds show they will vote April 5, 2016 It's often said there are too many career politicians in parliament, those who don't fully understand the lives of those they represent. And as the public makes up their minds on the EU referendum, so to do those who sit in parliament. It is of interest, then, that just 16 per cent of MPs who [...]
Panama Papers: Jeremy Corbyn says it’s “time to get tough on tax havens” as he attacks government’s record on steel April 5, 2016 In the wake of the Panama papers leak Britain has a huge responsibility and it is time to get tough on tax havens, Jeremy Corbyn has said. As the Labour leader launches his party's English local election campaign, he will say that many of the tax havens are British overseas territories or crown dependencies which need to be clamped [...]