Liberal Democrats’ Vince Cable throws in the towel, triggering party leadership race May 24, 2019 Liberal Democrat head Vince Cable has followed the example of Prime Minister Theresa May and announced his resignation as party leader. The move triggers a leadership race in the party which formed a coalition alongside the Conservatives from 2010 to 2015, but has lost much of its support afterwards. Read more: Sir Vince Cable to [...]
‘Escalation scenario’ increasingly likely in US-China trade war, warn Barclays analysts May 24, 2019 An “escalation scenario” is becoming “increasingly likely” in the US-China trade war, analysts at Barclays have warned, as China mulls its options for retaliation against US tariffs. Read more: China warns of trade repercussions after Huawei ban The Barclays note came after tough talk from China on the trade conflict, with President Xi Jinping this week [...]
Tory leadership race: Who are the leading candidates to replace Prime Minister Theresa May? May 24, 2019 Theresa May's resignation today kicks off a Tory leadership race that could see more than a dozen candidates throw their hats into the ring. The leadership battle had already begun, with leading candidates raising cash, putting together support teams and giving the Sunday papers softball interviews in their kitchens. Some leadership contenders have publicly stated [...]
Sir Philip Green told to plug Arcadia’s mammoth pensions deficit with his own cash May 24, 2019 Frank Field has weighed in on the row surrounding Sir Philip Green’s proposed restructuring of Arcadia, calling on the Topshop tycoon to guarantee his staff’s pensions with his own personal fortune. Read more: Arcadia to shut two dozen stores in radical rescue plan In a letter, the Work and Pensions Committee chair said Green should [...]
Theresa May resignation live: Sir Graham Brady and Jeremy Hunt join race to replace Theresa May May 24, 2019 This is a live blog. Please refresh your page manually to get the latest updates. Welcome to our live blog as we follow all the latest developments on the day that Prime Minister Theresa May has announced that she will resign. May has served three years in Number 10 Downing Street but is set to [...]
Economists warn Theresa May’s departure makes no-deal Brexit more likely May 24, 2019 The departure of Prime Minister Theresa May ramps up the chances of Britain crashing out of the European Union without a deal, economists have warned following the PM’s speech confirming her resignation. Read more: Theresa May to resign as Conservative party leader on 7 June May announced that she would resign from the post on [...]
Gaps between tenancies can be a real money sink. Here’s how to avoid them May 24, 2019 Most experienced landlords will know that the biggest real losses come from long periods between tenancies, where they can end up haemorrhaging money if the presentation and marketing of their property isn’t well managed. The areas that are often the cause of these voids are: Difficulty in access for viewings Poor presentation Too high a [...]
Life in the slow lane? City of London Corp hopes to impose 15mph speed limit across Square Mile May 24, 2019 As the home of London’s hustling financial sector, the Square Mile is not known for moving slowly. But for motorists, that could soon be about to change, after the City of London Corporation agreed to make it the first area in the country with a 15mph speed limit. Read more: Seeking solace in the Square [...]
‘Exit on WTO terms is still a very real possibility’: City reacts to Theresa May’s resignation May 24, 2019 Business groups reacted today to the resignation of Theresa May as Prime Minister. The interim director of the Institute of Directors Edwin Morgan said: “To borrow a phrase, nothing has changed, or at least, very little has. A new leader will be faced with the same political challenges and the same economic realities. “No deal [...]