TalkTalk hack: Dido Harding and other execs could face grilling from MPs November 4, 2015 Executives at telecoms giant TalkTalk could face a grilling from MPs later this month as part of an influential parliamentary committee's investigation into the company's latest data breach. MPs on the Culture, Media and Sport committee announced this morning that they are launching an inquiry into the "circumstances surrounding" the recent cyber-attack on Talk Talk's website. The committee [...]
London mayoral election 2016: Labour candidate Sadiq Khan says he would reconsider City Airport November 4, 2015 Labour mayoral candidate Sadiq Khan has suggested that he would reverse Boris Johnson’s decision to block expansion at London City Airport, saying today that as mayor he would “reconsider” plans to enlarge the East London airport. Khan, a former transport minister, said that if elected he would “look again” at the decision “in detail”. “City [...]
Labour leader Jeremy Corbyn turns down invitation by the Confederation of British Industry to its annual conference November 3, 2015 Labour leader Jeremy Corbyn has declined an invitation from the Confederation of British Industry (CBI) to address its annual conference. The CBI said it invited the leader of the opposition to its annual conference immediately after he was appointed, but "we received a response on 26 October, saying he was unable to attend". Corbyn was invited [...]
Labour MP Liam Byrne to lead moderates in challenge against Corbynism November 3, 2015 The former Treasury minister Liam Byrne – the man who left the infamous note explaining "there is no money" – has set out his alternative vision for the Labour party to that of its current leader Jeremy Corbyn. On the BBC's Today programme this morning, Byrne said the Labour party needs to respect the mandate Corbyn was given from his [...]
EU referendum: Chancellor George Osborne tells German businesses “ever closer union” is “not right” for UK November 3, 2015 Chancellor George Osborne will use a major speech in Berlin today to say that “ever closer union” is “not right” for the UK and call for new laws protecting the interests of non-Eurozone states. Speaking to the Federation of German Industries (BDI), Osborne will say that the British government wants “principles embedded in EU law [...]
EU referendum: Vote Leave Brexit campainers accuse CBI of being swayed by European Union funding November 3, 2015 A Eurosceptic campaign group is slamming the Confederation of British Industry (CBI) today, claiming that the industry group received nearly £1m from the European Commission in the last six years. Vote Leave said that between 2008 and 2015, the CBI received £955,484 from the European Commission. Vote Leave spokesman Robert Oxley said: “The CBI is funded [...]
EU referendum: 70 per cent of European finance professionals would vote against Brexit – could Cyprus change its EU relationship before the UK? November 3, 2015 Britain will remain in the European Union, while Cyprus is the country most likely to follow Greece out of the EU, according to a new poll out today. MNI, Deutsche Boerse’s research arm, surveyed finance workers from 21 countries to gauge market sentiment toward the Eurozone. An overwhelming majority of respondents said backed Britain remaining [...]
Zac Goldsmith: The green Tory gunning for Londoners’ votes in the 2016 mayoral election November 2, 2015 Zac Goldsmith may be a long- time environmental campaigner, but this does not conflict with his ambition to foster business in London, see the capital’s economy grow and tackle problems such as housing and infrastructure. In an interview with City A.M., he said: “In the real world, environmentalism and growth go together; they’re married.” The [...]
Boris Johnson announces plans to raise London’s Living Wage to £9.40 an hour November 2, 2015 London's Living Wage is set to rise again, after Boris Johnson and the Living Wage Foundation announced another round of hikes. In a speech this morning the Mayor of London said voluntary Living Wage will be raised to £9.40 an hour in the capital, from £9.15 an hour now. Meanwhile, the UK Living Wage will rise to £8.25 [...]
Scottish devolution: Westminster will not interfere in Scottish taxation and welfare powers, says Scottish secretary David Mundell November 2, 2015 There will not be any vetoes by Westminster on questions of Scottish taxation and welfare, the Scottish secretary David Mundell has said ahead of a House of Commons debate on the Scotland Bill next week. Scotland will be able to introduce new welfare benefits without any threat of the policy being overruled by the United Kingdom-wide parliament. [...]