Parliament votes to pass the fiscal charter as Labour MPs abstain and defy shadow chancellor John McDonnell October 14, 2015 The government's fiscal charter has passed with 320 votes in favour and 258 votes against, a majority of 62. Some 21 Labour MPs defied shadow chancellor John McDonnell and leader Jeremy Corbyn by abstaining. On Monday McDonnell sparked outrage among Labour MPs when he announced his party would reject the government's fiscal charter less than one [...]
EU referendum: Lloyds Banking Group chairman says UK-EU relationship is unsustainable and Brexit wouldn’t hurt the economy October 14, 2015 Lloyds Banking Group chairman Lord Blackwell has called the UK-EU relationship “increasingly unsustainable”. Speaking in the House of Lords yesterday, the Conservative Peer advocated for “significant change in the current treaty arrangements”. “The current position of the UK, bound by the same treaties and institutions, may become increasingly unsustainable,” he told peers. “I don’t agree [...]
European Commission President Jean Claude-Juncker says UK does not need EU but EU needs UK October 14, 2015 The United Kingdom does not need the European Union, but the EU does need the UK, according to European Commission President Jean-Claude Juncker. Speaking to the European parliament about the EU migrant crisis and UK membership, Juncker said: "We want a fair deal with Britain, and we are working in that direction. I cannot give [...]
Labour leader Jeremy Corbyn will bring up China’s human rights record at Buckingham Palace state dinner October 14, 2015 Leader of the opposition Jeremy Corbyn is planning to voice concerns over China's human rights record at a state banquet at Buckingham Palace next week. The Labour leader will be "using the opportunity" of Chinese President Xi Jinping's visit to the UK to raise the issue, and will attempt to set up a private meeting, a [...]
PMQs today: Prime Minister David Cameron joins chancellor George Osborne in asking Labour MPs to back government’s fiscal charter October 14, 2015 Prime Minister David Cameron used today's Prime Minister's Questions (PMQs) to attack the Labour party over its U-turn on the government's so-called fiscal charter. Cameron confronted Labour leader Jeremy Corbyn at least four times about the party's last-minute switch to opposing the charter, which will require future governments to maintain a surplus – but Corbyn refused to reply directly to Prime [...]
Zac Goldsmith: 2016 London mayoral candidate hits back at Labour over business record October 14, 2015 Conservative mayoral candidate Zac Goldsmith has hit back at Labour attacks on his business record, defending his positions on Heathrow expansion, the European Union and the role of business in the capital. The Richmond Park MP told City A.M. in an interview yesterday: “I don't think we've ever had a Labour party that is more [...]
Home Affairs Committee to question Labour deputy leader Tom Watson over Leon Brittan allegations October 13, 2015 It's more bad news for those at the top of the Labour party as the influential Home Affairs Committee summons deputy leader Tom Watson to answer questions over the allegations he made against Leon Brittan. The Home Affairs Committee is to hold evidence on Wednesday 21 October around matters "currently in the public domain concerning [...]
Home secretary Theresa May says Britain’s immigration system must be balanced October 13, 2015 In the second reading of the Immigration Bill, Theresa May, the home secretary, told MPs that if the UK is to continue building an immigration system that is "fair to British citizens and people who come here legitimately and play by the rules we must ensure it is balanced, sustainable and that net migration can be managed". Read more: Businesses lash [...]
Here’s why the UK government was planning a £6m deal to modernise Saudi Arabian prisons in the first place October 13, 2015 Why the UK is pulling out of the deal Prime Minister David Cameron has backtracked on a deal worth £6m with the Saudi Arabian Prison Service due to the country's human rights record and criminal justice system. The cancellation is a victory for justice minister Michael Gove, who had lobbied the Prime Minister to cancel the [...]
Treasury and Financial Conduct Authority open consultation to improve financial advice October 13, 2015 The Treasury and the Financial Conduct Authority (FCA) have opened a consultation into what can be done to improve people’s access to financial advice. Financial advisers and members of the public have until just before Christmas to tell the government and the regulator what they think should be done differently, they said yesterday. The FCA has faced criticism in [...]