Former London mayor Ken Livingstone has blamed rebel Labour MPs for a furore around his Hitler comments June 14, 2016 Former London mayor Ken Livingstone has claimed that Blairite MPs have deliberately misrepresented his comments around Zionism and Adolf Hitler in a bid to undermine Labour leader Jeremy Corbyn. Livingstone's comments came as part of a Home Affairs Committee probe into the broader issue of anti-semitism, with the former London mayor asked to give evidence following his [...]
Bpoplive has been cancelled, after Electoral Commission demands information from Leave.EU on “campaign spending” June 14, 2016 The Capitalist's plans for Sunday night have been ruined. It may have seemed doomed from the start, but until this week Leave.EU was gearing up for a night of dancing and debate at anti-EU concert Bpoplive on Sunday. Now, Leave.EU, which distanced itself from the rally after acts began to pull out in droves, has announced that [...]
The price of bitcoin is back below $700 after making huge gains on Sunday and Monday June 14, 2016 Bitcoin stayed resolutely below $700 (£493) during most of today's trading, after edging to highs of $719 on Monday. By 5pm (GMT), the price of a single bitcoin was worth $673, according to market exchange trader Bitcoinity. After opening at $705.62 on CoinDesk, the price of bitcoin had fallen over four per cent to $674.79 by the evening, [...]
EU Referendum: Brexit “more likely” than the Conservatives’ majority in the 2015 general election, according to new research June 14, 2016 The Remain camp may still be the bookies' favourite as the EU referendum looms, but economic consultants have warned that Brexit could now be on the cards. Right now, Brexit is far more likely than the Conservatives winning a majority at the 2015 general election, which they very much did, according to consultancy Oxera. The latest market [...]
Sir Philip Green will be chatting with MPs tomorrow after all June 14, 2016 After a few days of doubt, Sir Philip Green has today confirmed that he will attend a hearing with MPs to discuss the collapse of BHS after all. There was some speculation that the Arcadia boss would bow out of his scheduled meeting after last week calling for the chair of the Work and Pensions select committee to [...]
This ex-Googler’s “anti-Wonga” loans startup is moving into savings June 14, 2016 A fintech startup founded by a former Google boss which lets people pay off their debts via a single monthly payment direct from their salary is now planning to expand on its loans business with a move into savings. SalaryFinance was founded late last year by Dan Cobley, the former boss of Google in the UK, former banking consultant Ashesh Sarkar, and [...]
Pride in London 2016: The Bank of England will fly the rainbow flag for the first time this year, but the FCA has started celebrating already June 14, 2016 The Square Mile is catching Pride fever. News reaches the Capitalist from the Bank of England that the annual celebration of the LGBT community in London is going to be extra special this year. The Bank of England is making LGBT history by flying the rainbow flag over its building for the first time next weekend. [...]
Business leaders believe bitcoin will “fail to become a widely accepted method of payment” June 14, 2016 Business leaders do not believe bitcoin, the world's leading cryptocurrency, will become a "widely accepted method of payment" in future, according to new research. More than six in 10 (61 per cent) respondents to the Smith & William Enterprise Index survey also said they did not see bitcoin as having had a big impact on [...]
European Central Bank to do “whatever it takes” to limit turmoil following Brexit vote June 14, 2016 Europe's top central bankers are ready to announce they will do "whatever it takes" to contain the spillover of Brexit on the financial markets. The European Central Bank (ECB) is reportedly preparing to make a high-profile pledge on 24 June in the event that the UK votes to leave the EU to provide as much assistance as possible to [...]
Britons are set to spend a third of their annual disposable income this summer on travel, clothes and socialising June 14, 2016 Britons are about to loosen their purse strings as new research shows we will spend a third of our annual disposable income on average during the summer on travel, new clothes and socialising. Undeterred by other pressing costs such as soaring rent rates, over a fifth (22.5 per cent) of this spending will go towards travel, with [...]