EU outlook revised to “negative” from “stable” by Standard & Poor’s August 3, 2015 Standard and Poor’s has revised the EU’s outlook to negative due to the ongoing Greek debt crisis and growing fears that the UK could vote to leave the EU. The decision also reflects that S&P believe the EU’s AA+ credit rating has a greater than 1-in-3 change of being cut in the next 2 years. This [...]
August 2015 TfL Tube strike is going ahead: RMT, TSSA Unite and Aslef unions rejects latest pay offer August 3, 2015 Update: All four unions have now confirmed the 24-hour Tube strike, over a dispute regarding the Night Tube, will go ahead this week. The strike will take place from 6:30pm on Wednesday 5 August. There will be no Tube at all on Thursday. A normal service is expected to return on Friday. This is on top [...]
Tech hiring in the second quarter of 2015 dipped due to election jitters August 3, 2015 The uncertainty surrounding the General Election caused hiring in the tech industry across Britain to dip, new figures suggest. There was a six per cent drop in the number of jobs advertised in the technology sector between April and June this year, compared to the previous quarter. The number of permanent vacancies dipped even further however, [...]
Labour leadership race: Shadow chancellor Chris Leslie confirms he would not serve under Jeremy Corbyn August 3, 2015 The Labour party would “not be the party” the shadow chancellor Chris Leslie joined if Jeremy Corbyn won the leadership. In an interview with the BBC, Leslie said Labour needed to find a “credible” alternative Prime Minister and that he would not service under Corbyn if he did win the leadership. Leslie is backing Yvette [...]
Ex-trader Tom Hayes sentenced to 14 years as he is found guilty on Libor charges August 3, 2015 Former City trader Tom Hayes was sentenced to 14 years in jail as he became the first person to be convicted over the Libor rate rigging scandal, after being found guilty on all eight counts of conspiring to defraud by a jury at Southwark Crown Court today. The jury had been out for a week, [...]
The Calais migrant crisis shows why Europe needs a common migration policy and a new asylum system August 3, 2015 The ongoing crisis in Calais is a sad reminder that the EU is still far from finding a solution to its migration problems. It also shows how deep national divides have become in Europe. France blames Italy and Greece for failing to process asylum seekers arriving on its shores, opening the doors for them to [...]
London bus roof ripped off after colliding with tree near Russell Square in Bloomsbury August 3, 2015 A London tourist bus has collided with a tree as it was going through Bloomsbury this afternoon, slicing its entire roof off. Emergency services including the Metropolitan Police and London Fire Brigade are on the scene near Russell Square/Woburn Place, north London. Four people have been taken to hospital by the London Ambulance [...]
British investment in the US continues to rise, boosting jobs across all states August 3, 2015 The UK is the US's number one foreign investor, now accounting for almost a fifth of total funding pumped into the country. Read more: The UK is finally catching up with US in biotech investment – venture capital funding more than doubled last year According to the most recent figures released by the CBI, [...]
August 2015 TfL Tube strike: As the unions reject the pay deal, here’s how to cheat the strike August 3, 2015 This week London will once again be brought to its knees if the planned Tube strikes go ahead. Commuter routes will be in chaos with platforms tens of people deep and bus stops will have queues so long, anything previously seen at a Greek ATM will pale into insignificance. Millions using the public transport [...]
Crystal Palace and West Ham win the house price Premier League August 3, 2015 As football supporters gear up to cheer on their teams when the Premier League kicks off this weekend, one contest has already been won: the house price Premier League – of which Crystal Palace are the winners, after prices in the area around Selhurst Park jumped 17 per cent over the 12 months to June, [...]