Chancellor George Osborne gives guarantee of £2bn nuclear power plant deal as China investment announced October 22, 2015 Chancellor George Osborne has said the UK will guarantee a £2bn deal through which China will invest in the delayed nuclear power plant at Hinkley Point. Announcing the deal while on a five-day tour of China, Osborne said the "essential" plant would go ahead with support from the China General Nuclear Corporation and China National [...]
European Central Bank to re-examine monetary stimulus in December as it holds key interest rates October 22, 2015 The euro tumbled against the pound this afternoon, after European Central Bank (ECB) boss Mario Draghi hinted an even bigger "bazooka" could be fired at the Eurozone in December. In his opening remarks, Draghi reiterated that the emerging market slowdown and financial market turbulence pose downside risks to the outlook for growth and inflation in the Eurozone. "Most notably, the strength and [...]
It’s now cheaper to stay in a hotel than rent a flat in central London October 22, 2015 As the London housing market turns surreal, people are starting to go to the extremes: commuting from Barcelona to London, renting a shed in living rooms, a bed in kitchens and cupboards, and now even five-star hotels. That's right. Apparently it could be better value to live in a five star hotel than rent a studio [...]
Deloitte: Bitcoin isn’t ready to be regulated yet October 22, 2015 Deloitte has said bitcoin doesn’t need to be regulated yet, comparing the digital currency to technologies like the telephone and the internet, which were both given decades to mature before regulation. In its report, “Bitcoin at the crossroads”, the professional services firm said despite the financial industry’s excitement over bitcoin and blockchain, the underlying technology supporting it, [...]
McDonald’s customers are finally lovin’ it as US sales increase for the first time in two years October 22, 2015 The last couple of years have been a hard slog for McDonald's – but it seems new chief executive Steve Easterbrook, has finally enticed US customers back into its stores. The figures Global sales rose four per cent in the three months to the end of September, the fast food giant said today, with sales in the US [...]
Chancellor George Osborne says he is “comfortable” with tax credit cuts October 22, 2015 Chancellor of the exchequer George Osborne said this morning he is "comfortable" with his plans to cut tax credits, despite mounting pressure for him to U-turn on the proposals. “This is fundamentally a judgement call, and I’m comfortable with the judgement call that I have made, and that the House of Commons has supported this week,” Osborne [...]
DLR workers have voted in favour of a strike October 22, 2015 Contract workers on the DLR have voted overwhelmingly in favour of a strike, as the dispute over "a range of serious unresolved issues" rumbles on. More than 92 per cent of staff across all grades on the Keolis Amey Docklands Light Railway voted in favour of industrial action, RMT said today. No date has been set [...]
Best practice for IT security: How to build a company that’s secure from the inside out against cyber attacks October 22, 2015 Not a day goes by without data leaks, hacked email accounts or compromised corporate networks hitting the headlines. The topic has become the new front line for businesses – a battleground between malicious hackers and security experts that shows little sign of stagnation. Businesses are investing billions every year defending against external attacks and protecting [...]
EU referendum: 1.6m non-UK citizens should be blocked from voting, says MigrationWatch UK October 22, 2015 A new report is pushing for over 1.5m commonwealth and Irish citizens to be barred from voting in the In/Out referendum on the United Kingdom's membership of the European Union, according to a new report. MigrationWatch UK chairman Lord Green of Deddington said in his report that the UK is the only country in the EU which affords [...]
Sense of deja vu engulfs Barclays boardroom over ringfencing waiver October 22, 2015 When George Santayana uttered his famous quote about people who fail to learn from history being doomed to repeat it, he wasn’t thinking about Britain’s banks. Shame: his words might echo pretty loudly around Barclays’ boardroom right now. Little more than three years after the bank’s chief executive fell on his sword and its chairman made way [...]