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”. [...]
EU referendum: European Council President Donald Tusk says Prime Minister David Cameron has made “good progress” with renegotiation December 7, 2015 Prime Minister David Cameron has made "good progress" in his renegotiation efforts with the European Union, but there is there is "presently no consensus" on Cameron's controversial proposals to curb welfare for EU migrants, European Council President Donald Tusk said today. In a new letter sent to members of the European Council – the heads of state or government [...]
EU referendum: FTSE 100 bosses back EU membership as public support for a Brexit soars December 7, 2015 Top UK bosses are increasingly favour remaining in the European Union, a new survey of the FTSE 100’s chairmen shows. Four in 10 leaders of the UK’s most powerful companies want Britain to remain a part of the union unconditionally, while just over half, 52 per cent, backed staying if some aspects of the relationship [...]
Prime Minister David Cameron: The government is building a nation of homeowners December 7, 2015 Prime Minister David Cameron will today say that the government is committed to "building a nation of homeowners", in a speech he will give to lay bare the progress the government has made in delivering manifesto pledges. Cameron will argue that he is "marking commitments off" and not heading in a "new direction", in a speech marking [...]
Nigel Lawson: David Cameron “hasn’t got anywhere” with EU negotiations ahead of referendum December 7, 2015 Prime Minister David Cameron “so far hasn’t got anywhere at all with his negotiations” on Britain’s membership of the European Union, former Conservative chancellor Lord Nigel Lawson told City A.M. Having last week accepted the position of president of Conservatives for Britain, Lawson added: “If he got those reforms then I would decide we should [...]
Syria crisis: London mayor Boris Johnson says UK should work with Russian president Vladimir Putin and Syrian President Bashar Al-Assad December 7, 2015 London mayor Boris Johnson has said that the UK should work with Russian president Vladimir Putin and Syrian President Bashar Al-Assad to defeat the Islamic State (Isis). Writing in the Telegraph, Johnson said: "This is the time to set aside our Cold War mindset. It is just not true that whatever is good for Putin must automatically [...]
Unions and businesses get together to urge government to act fast on Heathrow expansion plans December 6, 2015 Business groups and trade unions have teamed up to urge the government to act quickly over the proposed third runway at Heathrow airport. Unite, TUC, the British Chambers of Commerce, the Federation of Small Business and business group London First have co-signed a letter to David Cameron, urging him to approve the new runway. The [...]
Marine Le Pen’s far-right National Front party wins historic victory in French regional elections December 6, 2015 French far-right party the National Front (FN) made significant gains in the first round of regional elections today. The party secured 29.4 per cent of the vote nationally, and came first in six out of 13 regions. Marine Le Pen, leader of FN, said: “We're just in the first round, but we hope to have as [...]