Tim Farron wins Liberal Democrat leadership election over Norman Lamb July 16, 2015 Frontrunner Tim Farron has won the Liberal Democrat leadership election, overcoming the former minister Normal Lamb to win the post with 56.5 per cent of the vote against 43.5 per cent of the vote. 56 per cent of Lib Dem members voted. In a campaign the party named #LibDemFightBack, alluding to the devastating General Election [...]
Apple Pay fail: If your iPhone or Apple Watch battery dies on the Tube, TfL says you’ll have to stump up the maximum fare July 16, 2015 The cracks in Apple's new contactless system (or perhaps, more specifically, the lifetime of its devices' batteries) are starting to show. As part of a detailed set of advice for commuters using their iPhones and Apple Watches to effortlessly waft through ticket barriers on the Tube, TfL has warned of the very real possibility [...]
Gender pay gap: About time to name and shame businesses who don’t promote women July 16, 2015 News that UK firms will be required to publish gender pay audits is to be applauded. Gender diversity in the workplace has been ignored for too long by UK companies and it’s about time businesses that fail to employ, support and promote women are named and shamed. Why am I so passionate about this topic? [...]
Ofcom communciations review: What next for BT, Openreach, Sky and the telecoms market? July 16, 2015 While Ofcom’s latest move is no doubt being celebrated as a win by BT’s more than vocal rivals, it’s by no means a foregone conclusion that BT is heading for a breakup. Last time Ofcom reviewed competition, BT was forced to create Openreach in order to give access to its broadband network to rivals, something Ofcom [...]
Where are the cheapest and most expensive destinations for British travellers? July 16, 2015 Probably tired of British winter weather, UK residents flocked abroad in the masses in the first quarter of 2015, with 23.2 million travellers heading overseas spending £13.7bn. The most expensive destinations per visit included New Zealand, Australia, Thailand and Barbados, while European countries closer to home proved to be far cheaper. Those places that had [...]
Apple Pay in the UK: Like not laughing at a Michael Mcintyre gag, resistance is futile July 16, 2015 When Apple’s chief executive Tim Cook revealed its physical wallet-replacement service last September, I recall a tut and an eye roll at yet another Apple product announcement. A form of contactless payment, re-marketed as a physical wallet-replacement service, would be with us this summer. Where's the innovation in that? In many ways Apple [...]
MPs’ bewildering pay rise flies in the face of all we’ve heard about spending restraint July 16, 2015 They say timing is the art of comedy. Unfortunately, nobody's laughing. In the week after the chancellor of the Exchequer announced a pay rise of just one per cent for public sector employees, the Independent Parliamentary Standards Authority (Ipsa) have awarded MPs a juicy 10 per cent rise – roughly £7,000. This takes their salaries [...]
Plus500 shareholders give Playtech takeover the green light July 16, 2015 Plus500 shareholders have given the go-ahead to Playtech's £460m acquisition of the online spreadbetter. Read more: Watchdog must give its blessing to Plus500 deal Israeli online gambling firm Playtech's offer values Plus500 at 400 pence per share, some way below the 750 pence per share trading price the Aim-listed company enjoyed before freezing thousands of investors [...]
Four key takes from the ECB’s July presser July 16, 2015 1. ECB has hiked ELA to Greece: Draghi confirmed that the European Central Bank will increase the amount of liquidity assistance available to Greek banks by €900m in one week. He said that approval of bridge financing, plus the Greek parliament's move to vote in favour of austerity rules outlined by its lenders drove the decision. [...]
Eurogroup of finance ministers confirms it will grant a three-year bailout loan to Greece as European Central Bank hikes bank liquidity assistance July 16, 2015 The Eurogroup of finance ministers today confirmed it will grant Greece a three-year bailout loan – just as European Central Bank (ECB) chief Mario Draghi confirmed it will increase the amount of liquidty assistance available to banks by €900m in one week. At a press conference today, Draghi said the approval of bridge financing, plus [...]