Labour’s Chris Leslie and Chuka Umunna promise to change tack – by listening to business June 23, 2015 As part of the Labour Party’s latest effort to change course following the General Election, shadow chancellor Chris Leslie and shadow business secretary Chuka Umunna will today launch a new “Listening to Business” programme. “The disappointing election result for Labour rightly forces us to rethink how we build stronger relationships with the business community,” Leslie said, adding, [...]
Mayor of London hopeful Sol Campbell is an average Londoner who doesn’t own an Oyster Card June 23, 2015 After having presented himself as a different option from other candidates in his bid to become the mayor of London, Sol Campbell has revealed he may not be quite the average-Joe he claims to be after admitting he does not own an Oyster Card. In an interview with LBC radio station, the multi-millionaire explained to [...]
If a nuclear deal is reached, Iran will be bursting with investment opportunities – here’s what to look out for June 23, 2015 By the 30 June, Iran must have come to an agreement with other world powers on curbing its nuclear programme in return for an easing of economic sanctions. Read more: What's Iran doing to make everyone think it's trying to build a weapon? Currently, key sectors including energy and finance are crippled by an inability to [...]
Standard & Poor’s: Brexit could “significantly dent” UK financial services and insurance sectors June 23, 2015 Any departure from the European Union could do significant harm to the UK's insurance and financial services sectors, ratings agency Standard & Poor's has suggested. Read more: Eurosceptic report sets the stage for Brexit In a report published today, the organisation pointed out that between them, the two sectors account for 30 per cent of [...]
David Cameron says he will stop the welfare merry-go-round June 22, 2015 Prime Minister David Cameron has vowed to end what he called the “ridiculous merry-go-round” of taxing low earners only to give them generous welfare handouts. Speaking at a school in Cheshire, the Prime Minister said yesterday: “We need to move from a low wage, high tax, high welfare society to a higher wage, lower tax, [...]
David Cameron pledges tax credit reform as part of government’s drive to cut £12bn from welfare budget June 22, 2015 Tax credits are under fire as part of the government’s pledge to eliminate £12bn from the welfare budget, with David Cameron insisting Britain must not continue with the current “merry-go-round” system. The speech, in Cheshire, will attack the system introduced by Tony Blair’s Labour government, whereby low paid workers will have money taken in tax [...]
EU ministers agree to extend economic sanctions against Russia until January 2016 June 22, 2015 The European Union has decided to extend economic sanctions against Russia for another six months, imposed due to the country’s involvement in the conflict in Ukraine. Meeting in Luxembourg, EU foreign ministers are upholding economic sanctions to make Russia comply with the Minsk ceasefire accord, which was signed with Ukraine in February. #EU extended economic [...]
Boris Johnson says City will thrive even if there’s a Brexit June 22, 2015 Boris Johnson has poured cold water on fears over the potentially damaging impact of a Brexit on the City, also saying that London will continue to thrive as long as it invests in infrastructure. The incumbent London mayor shrugged off some business leaders' concerns that exiting the European Union would be harmful to Britain, saying [...]
Can mayoral hopeful Tessa Jowell build One London and win back City Hall for Labour? June 21, 2015 When asked what sets her apart from the other candidates competing for the Labour party’s nomination for mayor of London, Dame Tessa Jowell says, without missing a beat, “I’m the candidate who can win.” The 67-year-old former culture secretary and Olympics minister told City A.M. last week that she has the experience, policies and [...]
Ukip could face £20,000 fine over General Election funding debts June 21, 2015 Ukip is struggling to fill a £500,000 black hole in its finances, after overspending during the General Election. According to The Independent on Sunday, a source said the party had “lost control” of its finances during the election. It must balance its election books by 6 July or face a possible reprimand under the Political [...]