George Osborne says Brexit would endanger “tens of thousands” of financial services jobs May 9, 2016 George Osborne has warned “tens of thousands” of financial services jobs would be put at risk if the UK votes for a Brexit. Treasury analysis claims 285,000 jobs in the sector are linked to European Union financial services exports. And the chancellor said this evening that leaving the single market “would be catastrophic for jobs and [...]
Live: Pensions lifeboat says that it had concerns about the BHS pension scheme in 2012 May 9, 2016 The BHS' pension scheme was on the Pension Protection Fund's (PPF) radar as far back as in 2012, MPs were told today. Alan Rubenstein, chief executive of the PPF, also explained to a committee hearing that the scheme had a 23-year recovery plan at that point, which is significantly longer than would usually be allowed. Lesley Titcomb, [...]
Treasury Committee upset about being stood up by Vote Leave’s chief executive: “We’re all pretty grumpy” May 9, 2016 MPs on the Treasury Committee launched an attack on the chief executive of Vote Leave this afternoon. Andrew Tyrie accused Matthew Elliott, chief executive of Vote Leave, of “mucking around” the parliamentary committee. He revealed the committee was “forced to summon you under a parliamentary order”, saying this was the first time he had seen such [...]
Why a Brexit is a bit like a domino for those in other EU countries May 9, 2016 Adults across the EU are referencing the childhood favourite dominos for a very grown-up reason in a new survey out today. According to the research by Ipsos Mori, around half (48 per cent) of those in the EU countries it polled – Belgium, France, Germany, Hungary, Italy, Poland, Spain and Sweden along with Great Britain – believe that [...]
Sadiq Khan’s successful pro-business campaign is heartening for us all – but the work is just beginning May 9, 2016 It is fair to say that relations between the Labour Party and business are in a slightly odd place at the minute. The nervousness is perhaps understandable, considering that both the leader and shadow chancellor of the party continue to describe themselves as socialists. In these interesting times – and to be fair to those [...]
Brexit: London employers are most likely across the UK to vote to remain in the UK May 9, 2016 More than two-thirds of London's employers are likely to vote to stay in the EU, according to new research from online employment platform Reed. In a survey of 1,700 employers across the UK, 71 per cent of those based in London said they would vote remain when the referendum polls open on 23 June, while [...]
Here’s what 300 top economists told the UK about tax havens May 9, 2016 So-called rock star economist Thomas Piketty and Nobel prize-winner Angus Deaton are among 300 top economists from around the world calling for an end to tax havens, ahead of a meeting of world leaders this week. Economists from several of the world's elite universities, including Oxford, the London School of Economics, Harvard and the Sorbonne are among [...]
Here’s how the UK’s business leaders really feel about Brexit May 9, 2016 From makers of scotch whisky to the nation's bank bosses, by now there aren't many groups who haven't let their views on the UK's membership of the European Union be known. But now the leaders of 1,224 businesses have added their voices to the chorus – after the Institute of Directors asked its members how they [...]
Jeremy Corbyn will still be Labour leader – and will still be losing elections – in 2020 unless MPs get their act together May 9, 2016 1985. Margaret Thatcher was in Downing Street. David Cameron was in the Bullingdon Club. Everton were League Champions. And Jeremy Corbyn? Well, he was exactly where he is now, serving as MP for Islington North. 1985 was also the last time the main Opposition party failed to make gains in May’s annual council elections, other [...]
Does the SNP’s failure to secure an overall majority in the Scottish parliament elections take a second independence referendum off the table? May 9, 2016 Jack Montgomery, Scottish spokesman for Leave.EU, says Yes. The chances of Brexit leading to a second Scottish independence referendum were always vanishingly small. While the solidification of “the 45 per cent” around the SNP might have allowed Nicola Sturgeon to tear chunks out of an ailing and decrepit Scottish Labour Party in first past the post [...]