London hosts bulk of Britain’s £100bn of secretly owned property March 17, 2019 Over 87,000 properties in England and Wales are owned anonymously through companies registered in tax havens, it has been revealed today. Together, these properties are worth at least £56bn, according to Land Registry data, and likely worth more than £100bn when accounting for inflation, according to new analysis by anti-corruption organisation Global Witness. Read more: [...]
Jeremy Corbyn says Labour will force another no confidence motion if May’s Brexit deal is defeated again March 17, 2019 Labour leader Jeremy Corbyn has said the party could force another no confidence motion in the government if it fails to get Theresa May's Brexit deal across the line for a third time. Corbyn said he thought it was likely that the May's Brexit deal would voted down and that the government's strategy was to [...]
UK’s biggest travel booking app Trainline considers £1bn flotation March 16, 2019 Rail ticket booking platform, Trainline, is moving toward a £1bn stock market listing that could take place within the next few months. The company is looking at an initial public offering as its preferred option after being approached by private equity firms, according to Sky News. Read more: Patisserie Valerie overstated financial position by £94m, [...]
Senior Conservative MP Nick Boles quits local party over Brexit March 16, 2019 Pro-EU MP Nick Boles has resigned from his local Conservative party due to disagreements over Brexit. The MP for Grantham and Stamford in Lincolnshire claimed a "division has opened up" between him and his members. Read more: EU gives UK July deadline for Brexit delay In a letter to those members at his constituency's Conservative [...]
UK home secretary Sajid Javid warns tech giants over footage March 16, 2019 Home secretary Sajid Javid has warned social media companies to "clean up their platforms" after the attack by a gunman in New Zealand, killing 49 people at two mosques, was live streamed on Facebook. Javid told these firms they would face the "force of the law" if they did not more, with the video lasting 17 [...]
EU gives UK July deadline for Brexit delay if country doesn’t participate in European elections March 16, 2019 The EU will terminate Britain's membership of the bloc on 1 July if the country does not take part in the European elections scheduled for 23-26 May, according to a document seen by the Financial Times. The draft paper reportedly outlines that if the UK seeks an extension to Article 50 of more than three [...]
Patisserie Valerie overstated financial position by £94m, auditors say March 16, 2019 The amount of money missing from Patissserie Valerie's consolidated accounts has grown to more than double a previous estimate to a total of £94m, according to a new report by its administrators, KPMG. The company fell into administration in January and was found to have overstated its financial position by £30m while also failing to disclose £10m of overdrafts. Read [...]
Government ferry contracts to cost millions more if Brexit is delayed March 16, 2019 The government will have to spend tens of millions of pounds more than it already has to maintain the ferry contracts it has in place for a no-deal Brexit, if as expected the UK's exit from the EU is delayed. The Department for Transport (DfT) agreed deals with three separate suppliers for additional freight capacity on ferries [...]
Formula One legend Bruce McLaren is a racing role model, but what can business leaders learn from his life story? March 15, 2019 When Bruce McLaren, the founder of the motor racing team named after himself, was just nine years old, he was diagnosed with a hip issue that left him bedridden, with his legs encased in plaster for three years. This devastating experience left him unable to do what every youngster should be doing: playing with friends, [...]
Hammond in Brexit talks with DUP as government tries to win over Northern Irish party March 15, 2019 Chancellor Philip Hammond is reportedly holding talks this afternoon with Northern Ireland’s Democratic Unionist Party (DUP) in a bid to gain their support for Prime Minister Theresa May’s Brexit deal. The talks come ahead of a third vote on May’s deal next week in the House of Commons, as the PM looks for approval for her [...]