Flights to continue between UK and EU for 12 months in event of no-deal Brexit December 19, 2018 The EU has said flights from the UK into and over the EU would be allowed for 12 months to enable "basic connectivity" if the UK leaves the bloc without a deal. Following the government's announcement yesterday that it was ramping up its preparations for leaving the EU without a deal, the EU has issued [...]
Alibaba-backed dockless bicycle startup Ofo facing bankruptcy December 19, 2018 Chinese bike-sharing startup Ofo has reportedly considered filing for bankruptcy, after coming under "immense" financial pressure resulting from a lack of cash flow. The firm, which operates a yellow dockless bicycle scheme across London and in other cities, has raised more than $2.2bn (£1.7bn) in funding since it was founded in 2014 from the likes of tech giant [...]
Former Labour whip found guilty of perverting the course of justice December 19, 2018 Former Labour whip Fiona Onasanya has been found guilty of perverting the course of justice after lying to police to avoid a speeding fine. The MP for Peterborough denied she was behind the wheel when her car was caught doing 41mph in a 30mph zone in Cambridgeshire. But she was convicted today in a retrial [...]
Uber loses appeal over driver employment rights December 19, 2018 Uber drivers are directly employed by the firm, a Court of Appeal judgement declared, after the ride-hailing app failed to overturn an employment tribunal decision. The company, which claims its drivers are self-employed, appealed a tribunal decision that said that workers are employed by the company and are therefore entitled to minimum wage and holiday pay. The [...]
Immigration after Brexit: Here’s how the City reacted to Sajid Javid’s white paper December 19, 2018 The government has outlined proposals for rules on immigration after the UK leaves the European Union next year, prompting a flurry of responses from business leaders across the City. Unveiled by home secretary Sajid Javid this afternoon, the document said low-skilled workers entering the UK from EU countries will no longer receive automatic approval to work in [...]
Renault-Nissan executives planned secret Ghosn payout via Dutch company December 19, 2018 Bosses at Renault and Nissan planned to pay part of Carlos Ghosn’s salary through Dutch holding company Renault-Nissan BV (RNBV), according to documents seen by Reuters. Senior executives at the two car manufacturers, including Renault’s general secretary Mouna Sepehri, reportedly proposed the scheme to pay Ghosn’s Nissan compensation in 2010. The revelations come as the [...]
Javid sets out post-Brexit immigration rules in hotly anticipated white paper December 19, 2018 Home secretary Sajid Javid has unveiled the government's post-Brexit immigration plans in a white paper this afternoon, with low-skilled workers no longer automatically receiving the right to work in the UK. Javid had said earlier in the day that the plans wouldn't include a specific target to reduce annual net migration to the UK, however Prime Minister [...]
Jeremy Corbyn accused of calling Theresa May a ‘stupid woman’ at PMQs December 19, 2018 Labour leader Jeremy Corbyn has been accused of calling Theresa May a "stupid woman" during Prime Minister's Questions today, as calls mounted for him to apologise. The Prime Minister was mocking Corbyn during a clash over the government's Brexit deal, at which point he was caught on parliamentary cameras muttering words to himself. Speaker John Bercow was [...]
Bond markets cheer as Italy and EU thrash out budget deal December 19, 2018 European negotiators reached a deal which is “not ideal” with Giuseppe Conte’s Italian government after months of wrangling over the country’s budget. The agreement, announced this morning, includes concessions from both parties as Italy’s deficit is set at 2.04 per cent of gross domestic product next year. The populist government, which includes deputy prime minister [...]
London house prices slump as Brexit stagnation spreads to suburbs December 19, 2018 London house prices fell in October as slowdown in the capital dragged down UK property price growth to its lowest level in five years. House prices in London fell 0.3 per cent in October, taking the annual price fall in the capital to 1.7 per cent, according to data released today by the Office for National [...]