There’s a new London Tube map showing your steps between stations August 29, 2016 A new map of the London Underground has been created to show travellers exactly how close stations are in the centre of the capital and get them walking across the city instead. The map shows the number of steps between the stations across zones one and two, demonstrating how locations such as Charing Cross Station and [...]
This former Bank of England governor is positive about Brexit August 29, 2016 A former governor of the Bank of England has said the decision of Britain to leave Europe put the country on a better economic footing. “We are now in a better position to rebalance the UK economy,” said Lord King of Lothbury, who headed up the central bank between 2010 and 2013. “The UK economy has [...]
Brexit: No “nice things” for UK without responsibility says top German minister August 29, 2016 One of Germany's top politicians has warned that negotiations for Britain's exit from the EU should not allow it to "keep the nice things" but take no responsibility, while handling the process badly could send Europe "down the drain". Sigmar Gabriel, the number two of Chancellor Angela Merkel and economic minister, made the comments at [...]
Hammond to take on Cabinet colleagues over access to the EU single market August 28, 2016 Chancellor Philip Hammond is to set out plans for Britain to stay in the single market at a meeting of Cabinet ministers this week, but is likely to face resistance from his colleagues. According to the Sunday Times, Hammond will look for access to the single market "on a sector by sector basis" – with financial services [...]
US hedge fund eyes up property in European countries set to benefit from Brexit August 28, 2016 US hedge fund Marathon is investing in property in European hubs that it expects will benefit from Britain leaving the EU. The $13bn (£9.9bn) fund is looking at Germany, Ireland, France and the Netherlands in particular, according to the Financial Times. Bruce Richards, co-founder and chief executive of Marathon, said these countries "have the most stable outlook [...]
EDF chief urges government to approve Hinkley Point August 28, 2016 The boss of the company looking to build the Hinkley Point nuclear power station has urged government to move forward with the plans. EDF's chief executive Vincent de Rivaz has intervened to defend the £18bn project after the UK government pushed back the decision date for the power station; a verdict from Prime Minister Theresa [...]
Germany expects up to 300,000 migrants to arrive this year August 28, 2016 Germany is preparing for a possible 300,000 migrants to enter the country this year – but the nation's leaders are convinced they can manage the influx of people. Speaking to German newspaper Bild, Frank-Juergen Weise, the head of the country's Federal Office for Migration and Refugees, said: "We can do it. Despite problems we have had [...]
Theresa May tells Cabinet ministers to come up with a plan for Brexit August 28, 2016 Prime Minister Theresa May is forcing her Cabinet ministers to come up with a plan for Brexit ahead of a meeting at Chequers, her country retreat. May is ploughing ahead with Britain's plan to leave the European Union; it emerged yesterday she has been talking to lawyers about avoiding a parliamentary vote on Brexit before triggering Article 50. Now, it [...]
Final BHS stores set to close after 88 years on the high street August 28, 2016 BHS will disappear from the high street today after 88 years of trading, as the final 22 stores are set to shut. Administrators Duff & Phelps decided to start winding down the business in June when it became clear no buyer would take it on as a going concern. Read more: Holiday like Philip Green – the [...]
The cost of private schooling is soaring – especially in London August 28, 2016 The total cost of private school education has soared to more than £150,000, according to new research. Research from Lloyds Bank has found that parents paid an average of £156,653 in fees for children who started reception in 2003 and left education in 2016, after year 13. In that time, parents have seen average annual fees rocket by 83 per [...]