Boris bans government ministers from Davos December 17, 2019 Prime Minister Boris Johnson has banned government ministers from the annual World Economic Forum jamboree in Davos. The Daily Mail’s Jason Groves reports that a Government source told him “Our focus is on delivering for the people, not champagne with billionaires.” The gathering of the business and political elite is seen as the premier networking [...]
Person dies after being hit by train at Harringay station December 17, 2019 A person has died after being hit by a train at Harringay station in north London this morning. In a statement, British Transport Police confirmed that officers were called to the station shortly before 11.50 this morning following reports of a casualty on the tracks. Paramedics were also in attendance, but the person was pronounced [...]
City of London Group plots £50m capital raise for SME bank December 17, 2019 City of London Group is planning a capital raise of up to £50m early next year to develop its new UK small and medium enterprise bank, the company said as it revealed losses widened in the six months to the end of September. The figures The company’s losses widened from £2.35m to £3.34m after it [...]
RMT pledges to fight Tory plans for ‘minimum service’ during strikes December 17, 2019 The boss of the RMT transport union has hit out at government plans to pass legislation to ensure commuters to can get to work during strikes. Responding to the proposed legislation, general secretary Mick Cash said: “It hasn’t taken long for the true colours of this new Tory government to emerge. Read more: South Western [...]
CBI: UK manufacturers end 2019 under a cloud of worry December 17, 2019 The CBI has warned UK manufacturers are set to end the year on a low note. Manufacturing output volumes in the three months to December fell at the quickest rate since the financial crisis as output expanded in only six of 17 sub-sectors, CBI Industrial Trends data revealed today. The survey of 289 manufacturers showed [...]
No-deal Brexit fears trigger sell-off of Barclays, Lloyds and RBS shares December 17, 2019 Shares in Barclays, Lloyds and Royal Bank of Scotland (RBS) all slumped in early trading after Boris Johnson brought back the spectre of a no-deal Brexit today. The trio failed to impress in yesterday’s Bank of England stress tests, where analysts warned that a strategy to double a 100-basis point capital buffer designed to protect [...]
Wetherspoons resolves pigs in blankets shortage in time for Christmas December 17, 2019 JD Wetherspoon customers can breathe a sigh of relief as pigs in blankets are back on the menu in the run up to Christmas following a shortage earlier this week. Pigs in blankets had been served without their blankets in some pubs due to supply chain problems earlier this week. Read more: Which wines to [...]
Gove insists UK-EU trade deal possible by 2020 December 17, 2019 Michael Gove has insisted the UK will get a trade deal before the end of transition this time next year, as he defended Number 10 plans to rule out an extension. As reported by City A.M., Boris Johnson’s team has rewritten the Withdrawal Agreement Bill ahead of being brought back to parliament on Friday. Concessions [...]
‘You ain’t seen nothin’ yet,’ Boris Johnson says as he promises Tories will represent new voters December 17, 2019 Boris Johnson has promised to represent voters new to the Conservative party, telling his Cabinet ministers they must work “flat out to change our country for the better”. At his first Cabinet meeting since securing an 80-seat majority, the Prime Minister by noting that last week’s election had redrawn the political map of Britain – [...]
UK unemployment rate falls close to 45-year low, but wage growth slows December 17, 2019 The UK’s unemployment rate fell back close to a 45-year low between August and October, according to official data today, but economists warned the new government must solve the “puzzle” of flagging wage growth. The unemployment rate fell to 3.8 per cent to register just 1.28m people who are unemployed, a fall of 93,000 or [...]