Pay to return to pre-crisis levels in 2017, think tank predicts, but warns of inflation rise risk September 13, 2015 Pay will return to pre-crisis levels by 2017 if economic trends continue, a think tank predicts, however rising inflation could push that off-course. The latest research by the Resolution Foundation predicts that average weekly earnings grew by between 2.7 per cent and 2.8 per cent in the three months to July, in line with the [...]
Interest rates must rise “relatively soon” says Bank of England’s Martin Weale September 13, 2015 Interest rates will need to rise "relatively soon", Bank of England rate setter Martin Weale has said. The hawkish member of the BoE's monetary policy committee (MPC) has said inflation is likely to rise above the central bank's two per cent inflation target "in two to three years' time", which needs to be reflected in policy [...]
Nicola Sturgeon: Second Scottish independence referendum “triggers” will be in 2016 SNP manifesto September 13, 2015 Nicola Sturgeon has said there could be a second referendum on Scottish independence, a year after the country voted against breaking away. The First Minister and SNP leader has said the party's manifesto for next year's Scottish Parliament election will include possible timescales and triggers for a second vote. Sturgeon has previously said the UK's [...]
Labour leadership: Jeremy Corbyn victory triggers shadow cabinet resignations from senior frontbench MPs Rachel Reeves and Jamie Reed September 12, 2015 A number of senior Labour MPs have immediately resigned from the frontbench following Jeremy Corbyn's election as leader of the party. Read more: Jeremy Corbyn elected as Labour leader with massive majority Shadow work and pensions secretary Rachel Reeves said she won't return to the front bench following maternity leave while shadow health minister Jamie [...]
Conservative defence secretary Michael Fallon: New Labour leader Jeremy Corbyn poses “serious risk to national security” September 12, 2015 The Conservative Party has issued a strong response to Jeremy Corbyn's victory as Labour leader, describing it as a "very serious moment for our country". Read more: Corbyn victory triggers Labour frontbench resignations Defence secretary Michael Fallon said Labour was now a "serious risk to our nation's security, our economy's security and your family's security." [...]
Labour leadership election result: Jeremy Corbyn wins vote in first round to beat Yvette Cooper, Andy Burnham and Liz Kendall September 12, 2015 Labour has elected left winger Jeremy Corbyn as the new leader of the party. Read more: When did it start to look like Jeremy Corbyn might win? Despite initially securing just the bare minimum 35 nominations from fellow MPs to stand, Corbyn has remarkably surged from rank outsider at 66/1 to an overwhelming victory in the [...]
MPs’ expenses scandal list: IPSA names, shames then writes off debt of 25 MPs who failed to pay back, mistakenly names Conservative MP Edward Timpson September 12, 2015 Update 12/09/2015: The Independent Parliamentary Standards Authority (Ipsa) has apologised after mistakenly including Conservative MP Edward Timpson in a list of 26 current and former MPs who had debts written off after they failed to pay back of up to £500. Read more: MPs handed 10 per cent pay rise to £74,000 despite David Cameron’s objections [...]
Rental properties in Scotland’s university cities named best for buy-to-let investors September 12, 2015 Scottish university cities offer the best chance of profit for buy-to-let investors in the UK, according to new research. Read more: Scotland's house price growth at its highest since 2007 Edinburgh offers the best average rental yield in the country at 6.11 per cent, according to a study put together by property website Zoopla, while Aberdeen, [...]
Labour leadership election results: What time will the winner be announced and where can I watch it? September 11, 2015 The end is near: Labour will finally name the successor to Ed Miliband as party leader on Saturday morning after 88 days of campaigning. Read more: Key business policies from the Labour leadership candidates It has been one of the most intensely scrutinised party leadership races in memory with left winger Jeremy Corbyn rising from [...]