London Assembly committee calls on Treasury to hand stamp duty over to Mayor December 10, 2015 The London Assembly's Regeneration Committee has a strong message for the next Mayor: lobby for stamp duty devolution to secure sustainable funding for the city's transportation. With London's population expected to grow to 10 million by 2030, the Committee says that increased transport is key to accommodate the growth. More funding would go toward developing [...]
Former business secretary Vince Cable considering joining the board of Hampshire Community Bank after Alistair Darling goes to Morgan Stanley and Gordon Brown hired by Pimco December 9, 2015 Former business secretary Vince Cable could become the latest ex-minister to join the board of a lending institution. Cable, a Liberal Democrat who lost his Twickenham seat in the General Election earlier his year, told City A.M. he is considering becoming a director at Hampshire Community Bank, but has yet to join. However he also said [...]
Dubai’s Landmark Group dumps Trump home range from shops across Middle-East December 9, 2015 A Dubai-based retailer has dumped a range of Donald Trump's products from its shelves in shops across the Middle East after the Presidential hopeful said all Muslims should be banned from entering the US. "In light of the recent statements made by the presidential candidate in the US media, we have suspended sale of all products [...]
PMQs today: Labour backbenchers laugh as shadow business secretary Angela Eagle asks chancellor George Osborne, “How’s it all going?” December 9, 2015 Angela Eagle pulled no punches in her first appearance in place of Labour leader Jeremy Corbyn at Prime Minister's Questions (PMQs) today. The shadow business secretary, who also holds the title of shadow first secretary of state, took a swipe at the government's renegotiation efforts with Europe when she stood in for Corbyn. "How's it all [...]
The world asks, what was Donald Trump thinking when he said there should be a ban on Muslims entering the US and that parts of London and Paris are no go areas? December 9, 2015 A petition calling for Donald Trump to be banned from the UK has surpassed the amount of signatures it needs to be considered for debate in parliament, after remarks he made this week. Trump's claim from the Republican Presidential hopeful that police do not go into certain areas of Paris and London because of "radicalisation", as well as his suggestion [...]
From the Paris attacks and Jeremy Corbyn’s rise to power to the Syria conflict, migrant crisis and Greece’s economic woes, these are the biggest political events of 2015 December 9, 2015 The last year has been one of frantic political events, across the UK, Europe and indeed the world. While there is still a few weeks to go until the end of 2015, with the political calendar winding down we’ve taken a look back over the key events that shaped the political agenda over the last [...]
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. [...]