Paris attacks and the economic impact of terrorism: As France mourns the cost of terror keeps climbing November 17, 2015 The economic impact of terrorism across the globe reached $52.9bn (£34.8bn) in 2014, rocketing 60 per cent on the previous year and increasing ten-fold since the start of the century, according to the latest Global Terrorism Index. The figure is the highest since at least 2001, when it was calculated at $51.5bn following the 9/11 [...]
Andrew Tyrie tells regulators “not give in to special pleading from banks” over post-crisis regulations November 16, 2015 An influential Conservative MP has slammed British banks over their attitude toward reform, calling on regulators to “not give in to special pleading from banks in implementing the reforms introduced as a result of the financial crisis”. In a speech tonight at City law firm Allen & Overy, Andrew Tyrie, who chairs the Treasury Select Committee, [...]
David Cameron speech on Paris attacks: PM delivers robust defence of UK’s counterterrorism strategy at Lord Mayor’s banquet November 16, 2015 Prime Minister David Cameron launched a robust defence of the government’s counterterrorism strategies in a speech in the City last night, vowing that British “resolve” would defeat Islamist terrorism. Speaking at the Lord Mayor’s banquet at Guildhall, an annual white-tie formal dinner, Cameron said, “Britain, France and our allies around the world will never be [...]
Autumn Statement 2015 predictions: Accountants say George Osborne needs to spare UK Plc November 16, 2015 A leading industry group is making a wide-reaching appeal to chancellor George Osborne, calling for him to spare British businesses in next week’s Autumn Statement. The Institute for Chartered Accounts in England and Wales (ICAEW) said the chancellor should “not introduce anything that will impact businesses” in the fiscal update, saying measures introduced in the [...]
Paris attacks: France is at war and will intensify attacks in Syria with the EU, US and Russia, French President Francois Hollande tells parliament November 16, 2015 French President Francois Hollande has told the country's parliament that France "is at war", as he laid out his intentions to coordinate with the EU, US and Russia to raise their assault on the Islamic State (Daesh). In one of the most important speeches of his career he said "the need destroy Daesh concerns the whole international community" and [...]
Paris attacks: Jeremy Corbyn says French air strikes in Syria will “probably not” make a difference November 16, 2015 The renewed air strikes by France in Syria in the aftermath of Friday's tragic attacks in Paris will "probably not" make a difference, according to Labour leader Jeremy Corbyn. While condemning the "appalling" attacks, Corbyn said a political settlement must be reached in Syria in order to overcome the Islamic State, and that bombings will bring no [...]
Ukip MP Douglas Carswell hits out at CBI and says support for Out campaign is growing November 16, 2015 Former Tory backbencher Douglas Carswell was in a bullish mood when we met last Thursday, insisting that the Out campaign had enjoyed its best week so far. Carswell, now the UK Independence Party’s sole MP, believes that David Cameron’s “vacuous demands” over EU reform provided a boost to the eurosceptic side of the debate. “There’s nothing [...]
G20 leaders agree to more co-ordinated counter-terrorism efforts after Paris attacks November 16, 2015 Global leaders will double down on coordinating their counter-terrorism efforts today, calling for enhanced coordination and security measures after simultaneous attacks in Paris killed at least 129 people on Friday. Draft statements revealed over the weekend from the G20 leaders meeting in Antalya, Turkey, called for enhanced information exchanges to cut off funding for terrorist [...]
Spending Review 2015: EEF says Treasury should remember “increasingly fragile” manufacturing outlook November 16, 2015 British manufacturers are warning the Treasury today that deep cuts to research and development budgets would hurt UK growth and exports. In a submission ahead of next week’s Comprehensive Spending Review (CSR), the EEF manufacturers’ organisation said the Treasury should consider the “increasingly fragile outlook” for exporters, adding that “balancing the books must not be [...]
New CBI director-general Carolyn Fairbairn says group will listen to Eurosceptic members November 16, 2015 The new Confederation of British Industry (CBI) director-general Carolyn Fairbairn has defended the business group’s stance on Britain’s relationship with the EU. “Most of our members want to be in a reformed EU because of the benefits of the Single Market and the CBI is clear on what those reforms are – developing the Single [...]