Guildhall holds vigil for London Bridge terror attack victims December 2, 2019 Jeremy Corbyn and Boris Johnson stood side by side this morning in solidarity at a vigil for the London Bridge terror attack victims. The Prime Minister and opposition leader were joined by London lord mayor William Russell, mayor of London Sadiq Khan and Metropolitan Police Commissioner Cressida Dick at Guildhall Yard for the service. Read [...]
Civitas Social Housing raises interim dividend as profit jumps December 2, 2019 Civitas Social Housing has raised its interim dividend after reporting increases in pre-tax profit and revenue for the first half as the value of its portfolio continued to climb. Profit before tax rose 65 per cent to £17.4m during the six months to 30 September at the real estate investment trust, while revenue rose 45 [...]
Scrutiny from DoJ on Deutsche Bank’s role in Danske money laundering scandal December 2, 2019 Deutsche Bank’s role in the Danske Bank money laundering scandal is reportedly facing a deeper investigation from the US, in a move likely to heap fresh pressure on the embattled German lender. The US Department of Justice is probing whether Deutsche helped transfer tainted money from Danske into the US, a source told Reuters. Read [...]
General election 2019: Council taxes likely to rise more under Tories, says IFS December 2, 2019 Council tax rates are likely to rise more under a Conservative government than a Labour one, in order to cover local government costs, the Institute for Fiscal Studies has warned. The Tories have not allocated enough funding to meet local government requirements, even with a four per cent rise in council tax. Read more: Both [...]
Who will save our education system? Leave it to the entrepreneurs December 2, 2019 One of the most notable policies to come from the bouquet of manifestos put forward for the upcoming general election is Labour’s pledge to abolish tuition fees. They identify £57,000 as the figure for the average debt the poorest graduates are being left with. That’s a hefty debt figure for anyone to be carrying around, [...]
TfL is finally giving the Tube an Apple Pay upgrade December 2, 2019 Apple Pay users will be able to move through Tube stations faster, after the app upgraded its payment system with Transport for London (TfL). Apple Pay’s Express Transit allows people to tap through Tube stations without first having to use authentication measures. Read more: TfL deficit shrinks thanks to Ulez and increased Tube numbers Formerly, [...]
Five memorable times Donald Trump interfered with British politics December 2, 2019 With Donald Trump set to arrive in London tonight for a planned Nato summit on Wednesday, Boris Johnson has asked the US President not to interfere with the UK’s general election. Johnson told reporters last week that it would be “best” if Trump steered clear of speaking about UK politics, with senior Tory figures concerned [...]
EU finance chief warns UK to stay closely aligned post-Brexit December 2, 2019 The European Union’s finance commissioner has warned the UK that the City could be cut off from continental markets after Brexit if its regulations do not stay closely aligned. Valdis Dombrovskis, who is set to become a vice-president of the European Commission, said access to the EU’s markets will require Britain not to “engage in [...]
Capco to become real estate investment trust after completing £425m Earls Court sale December 2, 2019 Capital and Counties will officially become a real estate investment trust (Reit) this year after selling off its vast Earls Court development site. The FTSE 250 property giant said it is now a “prime central London property investment business centred around Covent Garden” after officially completing the sale of its stake in Earls Court to [...]
Eurozone manufacturing PMI: Factories shrink for 10th successive month December 2, 2019 Eurozone manufacturing activity contracted for a 10th straight month in November, but factories in the bloc fared slightly better than expected as optimism rose. IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) rose to 46.9 for November, better than expected but still below the 50-point threshold indicating contraction. Read more: UK manufacturing sector continues to [...]