Labour rules out unity government plan to block no-deal Brexit October 8, 2019 Labour has definitively ruled out opposition plans for a government of national unity as part of efforts to prevent a no-deal Brexit, City A.M. understands. The rainbow coalition of anti-no-dealers, including a swelling tribe of Liberal Democrat MPs, has tried repeatedly to find a suitable candidate to lead a caretaker government in a bid to [...]
Sorrell’s S4 Capital buys Silicon Valley agency Firewood for $150m as digital drive deepens October 8, 2019 Sir Martin Sorrell’s S4 Capital has bought digital marketing agency Firewood for $150m (£122.5m) as the ad veteran gears up for a further wave of acquisitions amid an aggressive growth strategy. Firewood, which is Silicon Valley’s largest independent agency, will merge with S4’s digital content division Mediamonks. Read more: S4 Capital sees earnings slip amid [...]
Sadiq Khan: Here’s my plan to build housing Londoners can actually afford October 8, 2019 I know the difference that having a council home can make because it’s a big part of the story of my life. My parents were fortunate enough to be able to raise me and my siblings in a fantastic family-sized council home, building up close relationships in the community over the years. Read more: Rory [...]
Extinction Rebellion group occupy Smithfield meat market to turn it vegan October 8, 2019 More than 100 members of an Extinction Rebellion sub-group set up camp at London’s historic Smithfield meat market in the early hours of this morning. Members from Animal Rebellion pitched tents at the 800-year-old market at 2am this morning in an attempt to demonstrate a “vision of a future plant-based food system” according to organisers. [...]
UK productivity falls at fastest rate in five years October 8, 2019 UK productivity fell at the quickest pace in five years in the second quarter, official figures showed today, marking a worsening of Britain’s decade-long productivity crisis. Read more: Brexit prep has cut UK productivity, says Bank of England Output per hour worked dropped 0.5 per cent in the three months from April to June compared [...]
DEBATE: Will owning status symbols become a thing of the past? October 8, 2019 Can we really foresee a time when owning status symbols will be a thing of the past? YES, says Mark Davis, co-founder and creative director of property branding agency me&dave. It’s already happening. The way we live is changing, as are the things we care about, and this is affecting our attitudes to the old [...]
Brexit deal ‘overwhelmingly unlikely’, Merkel tells PM October 8, 2019 German Chancellor Angela Merkel has told Boris Johnson a Brexit deal is “overwhelmingly unlikely” as talks in Brussels teeter on the brink. Johnson spoke with Merkel on the phone this morning, as part of his ongoing charm offensive to get an 11th-hour deal secured. However, a Downing Street source claims that Merkel told the PM [...]
Bank of England governor appointment ‘on track’, says chancellor Sajid Javid October 8, 2019 Chancellor Sajid Javid has stressed plans to appoint a new Bank of England governor are still “on track”, despite resources being redeployed towards Brexit planning. Javid has written to the Treasury Select Committee – which is still without a chair after Nicky Morgan entered government this summer – to reassure MPs that a new head [...]
Heidi Allen: Legal attempt to force Brexit extension is ‘watertight’ – despite Johnson’s plans to ‘scupper’ it October 8, 2019 Boris Johnson’s plan to get around a law which delays Brexit past 31 October is going to fail, according to the latest MP to join the Lib Dems, Heidi Allen. Allen, a former Tory MP who announced she had joined the Lib Dems last night, said the Benn act was legally watertight. Read more: Ex-Tory [...]
Mark Carney says Bank of England to stress test banks with ‘catastrophic’ climate scenario October 8, 2019 Bank of England governor Mark Carney has reiterated Threadneedle Street’s intention to stress test banks against a number of “climate pathways,” including a “catastrophic business as usual scenario”. Read more: Bank of England’s Mark Carney says UK now better prepared for no-deal Brexit Speaking at a summit about climate change and banking in Japan, Carney [...]