The Bank of England’s interest rate decision is so interesting, its website just went down August 4, 2016 We know we've been waiting for interest rates to get interesting for a long time, but this is just ridiculous. After the Bank of England's monetary policy committee made the not-so-shock decision to cut interest rates, the Bank's website promptly crashed. Users trying to find more information about the rate cut, or read today's quarterly inflation [...]
Jeremy Corbyn has revealed plans for a huge national spending splurge, funded by “expanding the economy” and tackling tax avoidance August 4, 2016 Labour leader Jeremy Corbyn has unveiled plans for a huge national spending splurge, topped by the construction of a million new homes. Asked today how he would fund the work, Corbyn said money would be generated by "expanding the economy" and tackling tax avoidance. Little detail has been revealed on the plans, but the current Labour [...]
Here’s how far fixed rates have fallen in the last six years August 4, 2016 Fixed rate mortgages have fallen continuously for the past six years – with marked falls taking place before the Brexit vote. Rates have fallen by an average of 2.5 per cent since 2010, according to data released today from Legal & General. Read more: Experts are not impressed by HSBC's new 0.99 per cent fixed [...]
Carney fires his big bazooka with massive Bank of England stimulus programme August 4, 2016 The Bank of England has unleashed a massive stimulus package today as it warned growth in the UK economy will grind to a halt over the next 18 months. In a dramatic move, the Bank’s monetary policy committee (MPC) voted unanimously to slash interest rates to 0.25 per cent while also unleashing a huge extension of [...]
Met police commissioner says there will be more officers on the streets in London today to reassure the public August 4, 2016 The Metropolitan Police commissioner Sir Bernard Hogan-Howe said today that there would be more police officers on the streets of London in order to reassure the public. The move follows a knife attack in Russell Square last night in which one woman was killed and five people were injured. "My thoughts are with the family of [...]
Jeremy Corbyn has vowed to build 1m new homes as he unveils the pillars of his leadership campaign August 4, 2016 NULL
Singapore Exchange agrees £77.6m deal for London’s Baltic Exchange August 4, 2016 The Singapore Exchange has agreed a £77.6m takeover deal for the London-based Baltic Exchange. The £160.41 per share offer has been agreed after months of exclusive discussions between the companies. The Singapore Exchange said in a statement that, as part of the deal, Baltic shareholders will also receive at least £18.80 in cash as a final dividend. [...]
All bets are off as Trump Taj Mahal casino closes after years of losses August 4, 2016 One of the eponymous casinos founded by the controversial US republican nominee Donald Trump is shutting its doors after years of losses. Trump Taj Mahal in Atlantic City, which is no longer owned by the billionaire businessman, is closing in the wake of a crippling strike. Read more: Why this high-ranking London-based asset manager supports Donald Trump Its current [...]
John McDonnell has accused Owen Smith supporters of threatening to divide Labour as Jeremy Corbyn prepares to reveal 10 pledges to “rebuild” Britain August 4, 2016 Jeremy Corbyn's right hand man has accused supporters of Labour leadership challenger Owen Smith of threatening to split the party. Shadow chancellor John McDonnell claimed that backers of Smith are warning the party will inevitably divide if Corbyn retains the party leadership. Speaking on BBC radio earlier, McDonnell called on Smith to denounce a split. [...]
What Brexit? New car registrations edge up in July as demand for hybrids stays strong August 4, 2016 If car dealers had been worried about a long-term impact from the Brexit vote, that may have been misplaced. Figures published this morning showed new car registrations rose 0.1 per cent to 178,523 units in July. The Society of Motor Manufacturers and Traders said the number of new cars registered so far in 2016 was just shy [...]