Ukrainian central bank cuts interest rate to 27 per cent as it secures debt relief from creditors August 27, 2015 Ukraine has cut its interest rate to 27 per cent, a reduction of three percentage points – despite having inflation of 55.3 per cent in July. The Ukrainian central bank said in a statement: "Tight monetary policy pursued by the National Bank of Ukraine for the past six months has significantly contributed to reducing inflation [...]
Labour leadership candidates Liz Kendall and Yvette Cooper attack Jeremy Corbyn’s women-only train proposal August 27, 2015 Politicians from across the political spectrum have hit out at Jeremy Corbyn's proposals for women-only train carriages. The Labour leadership hopeful first floated the idea last night as a way of combating harassment on public transport, saying: "It is unacceptable that many women and girls adapt their daily lives in order to avoid being harassed on the [...]
UK target to cut immigration to the “tens of thousands” is harming British businesses, warns the Institute of Directors August 27, 2015 The Conservative government's radical plans to cut immigration is "punishing businesses" and harming the economy, the Institute of Directors (IoD) has warned. In a joint statement with think tank British Future, the IoD has called for a comprehensive immigration review, which aims to look at all options available to government. Simon Walker, director general of [...]
Government’s starter homes programme won’t help London’s first-time buyers August 27, 2015 Londoners hoping to buy their first home will not get much help from the government, according to a new report out today. In the report, Shelter, the housing and homelessness charity, takes issue with the government’s affordable house building policies, saying its flagship “starter homes” programme will fail to help most first-time buyers. Prime Minister [...]
Institute for Public Policy Research: Re-draw the UK’s constituency map to get rid of safe seats and boost voter turnout August 26, 2015 Safe parliamentary seats should be scrapped to boost voter turnout, according to a new report out today. In the report, the Institute for Public Policy Research (IPPR) think tank argues that the Boundary Commission’s responsibilities should be expanded to “consider the electoral competitiveness of a seat when reviewing constituency boundaries”. The Boundary Commission, which is responsible [...]
India blocks mobile internet for an entire state because of protests August 26, 2015 India blocked mobile internet in the entire state of Gujarat, in response to political protests being organised through Whatsapp, which have turned violent. Some 63m people living in the western state are affected by the blackout, and authorities say internet services will only resume after the protests subside. The protests are led by the state’s [...]
The UK’s gender pay gap is not a moral issue, but a business one August 25, 2015 A survey carried out by the Chartered Management Institute and the pay analysts XPertHR reported a 22 per cent gender pay gap at management level – with women earning far less than their male counterparts. This translates to women working effectively 57 days for free. This is unacceptable, but do the statistics really show a [...]
Black Monday 2015: Starbucks CEO Howard Schultz tells baristas to be sensitive to customers worried about the stock market August 25, 2015 Could a cup of joe cure your stock market woes? Starbucks CEO Howard Schultz seems to think so. In a message to the coffee chain’s 190,000 employees yesterday, Schultz asked baristas to be sensitive to customers who might be worried about their portfolios. “Today’s financial market volatility, combined with great political uncertainty both at home and abroad, [...]
Andrew Tyrie asks Mark Carney to clarify Bank of England monetary policy committee conflict of interest rules August 25, 2015 The chairman of an influential parliamentary committee has asked Bank of England governor Mark Carney to reconsider rules surrounding membership of the Bank’s monetary policy committee (MPC). Andrew Tyrie, who chairs the Treasury Select Committee, wrote to Carney today about the appointment of Gertjan Vlieghe, a senior economist at the hedge fund Brevan Howard, to [...]
Labour leadership race: Acting leader Harriet Harman to meet with candidates amid vote infiltration concerns August 25, 2015 Acting Labour leader Harriet Harman has asked to speak to all four leadership candidates amid growing concerns the vote could have been infiltrated by opponents. The private meeting is expected to focus on checking the process to make sure there are no votes made by those who are looking to skew the result. “The meeting [...]