Estonia pulls out of European Union’s controversial financial-transaction tax as Chancellor George Osborne voices opposition December 9, 2015 Estonia has refused to sign an agreement which would pave the way for the European Union's controversial financial transactions tax (FTT), as chancellor George Osborne continued to voice Britain's opposition to the legislation which some fear would hit the international competitiveness of the City. It comes as 10 EU finance ministers agreed the foundations of the [...]
Zac Goldsmith unleashed: 2016 London mayoral candidate hits out at David Cameron over EU reforms and Heathrow Airport December 9, 2015 Conservative mayoral candidate Zac Goldsmith delivered David Cameron a one-two punch yesterday, criticising the Prime Minister’s European Union reform effort and warning him over endorsing a third runway at Heathrow Airport. Goldsmith, a self-described eurosceptic, said that while he wished the Prime Minister well in his ongoing negotiations with the European Union, he was “not [...]
City of London Police officers patrol area around London Stock Exchange as part of Project Servator December 9, 2015 City police were out in full force at the London Stock Exchange yesterday, with dozens of uniformed police officers, many armed, patrolling Paternoster Square and the surrounding area. City A.M. understands that the beefed-up police presence was part of an ongoing practice known as Project Servator. The high-visibility policing tactics, first brought in by the [...]
EU referendum: MPs reject House of Lords proposals for 16 and 17-year-olds to cast ballots in the in/out vote December 8, 2015 MPs voted today against lowering the voting age for the referendum on Britain’s relationship with the European Union, blocking a move by the House of Lords that was expected to bolster the campaign to stay in the EU. In a 303-253 vote, MPs rejected peers’ proposal to include 16- and 17-year-olds in the in/out vote. [...]
Dreaming of a purple Christmas? Ukip’s got you covered December 8, 2015 Everyone knows one person who is just impossible to buy for, making Christmas shopping seem more like the Nightmare on Elm Street than a stroll on Oxford Street. But fret no more: the UK Independence Party has you covered. For just gearing up for Christmas, send loved ones a festive card – at the Ukip store you can get 10 cards for [...]
EU to force firms to report cyber attacks in “milestone” cybersecurity legislation December 8, 2015 EU firms will be forced to report data breaches to authoritie, after European lawmakers approved the first ever EU-wide legislation on cybersecurity today. The “milestone” deal will combat the threat of cybercrime, following a growing number of highly-publicised cases such as attacks on TalkTalk and Carphone Warehouse in the past year. The European Commission welcomed the agreement, [...]
Can you see a circle? Your political beliefs could be indicated by your answer December 8, 2015 People who are able to accept the shape above as a circle are more likely to politically liberal, while those who can't see it are more likely to be politically conservative, a new study has found. In particular, those who can see be tolerant of minority groups, support government aid for the homeless and unemployed, and [...]
Two top financial regulators to be grilled by MPs over the collapse of HBOS December 8, 2015 Two of the City of London's top financial regulators are to be grilled by MPs next Tuesday over their report into the failure of HBOS. The House of Commons Treasury Select Committee will question Andrew Bailey, the Prudential Regulation Authority's (PRA) chief executive and Sir Brian Pomeroy, a non-executive Financial Conduct Authority (FCA) director. The [...]
Grounded: Business groups slam UK government over delays to decision on London airport expansion December 8, 2015 Business groups have slammed the government over signals a final decision on airport expansion will not be made until at least next year. “Businesses across the UK will be astonished if the government once again delays taking a decision on a new runway,” said British Chambers of Commerce (BCC) director general John Longworth. “Ministers’ plans [...]
London mayoral election 2016: Sadiq Khan campaign hits back at claims from Zac Goldsmith that Tooting MP has “divisive and radical politics’ December 7, 2015 The race to replace Boris Johnson as mayor of London heated up today as Labour hopeful Sadiq Khan hit back at criticisms from his Conservative rival, Zac Goldsmith. A member of Khan’s team accused Goldsmith of a “coded racist attack” after the MP for Richmond Park circulated a leaflet accusing Khan of “divisive and radical politics”. [...]