Mayor calls on the Prime Minister to back Gatwick Airport as government still silent on aviation August 10, 2016 The mayor of London has called on Prime Minister Theresa May to back Gatwick to expand aviation capacity in the south east. Khan said he has written to May to urge her on making a decision on what should be a top priority for the government and agree with him that a second runway should be built [...]
First-time buyers secured more mortgages in June than at any other point since August 2007 August 10, 2016 First-time buyers boosted mortgage lending in June as tax changes designed to deter buy to let landlords took effect. June mortgage lending was up by 29 per cent month-on-month, according to lending data from the Council of Mortgage Lenders (CML). Mortgage lending was up by 12 per cent compared to the same month last year. First-time [...]
Labour has chosen local MP and Corbyn aide Steve Rotheram as its candidate for Liverpool’s metro mayoralty August 10, 2016 Labour members have chosen Jeremy Corbyn's parliamentary private secretary as their candidate to be Liverpool's first metropolitan mayor. Rotheram, who also served as lord mayor of Liverpool in 2008 and 2009, will fight to lead a region covering Liverpool, St Helens, Knowsley, Sefton, Wirral and the Cheshire borough of Halton. Incredibly humbled to be selected as Labour's candidate for Metro Mayor. [...]
Bank of England Agents’ survey finds six in 10 firms to cut investment plans due to EU vote August 10, 2016 Investment and hiring will flat-line over the rest of the year as UK businesses come to terms with the result of the EU referendum, a Bank of England survey has revealed. The Bank's agents' summary of business conditions, comprised from interviews with 270 firms representing 1.2m employees "indicated the result of the EU referendum would have a [...]
Quiz: Most UK drivers can only recognise 80 per cent of road signs – can you? August 10, 2016 Alarming news if you're planning a weekend getaway: the average UK driver can only recognise eight in 10 road signs. According to research by Kwik Fit, two in five drivers have become so confused by the meanings of road signs, they've run into trouble on the road. Just one in 10 drivers were able to [...]
Asia brings good fortune to Prudential, as operating profits boosted August 10, 2016 Prudential's Asian focus has helped drive new business for the financial services giant during the first half of 2016. The figures The company reported operating profits of £2.1bn, up six per cent on a constant currency basis or nine per cent on a reported basis from £1.9bn the year before. Meanwhile, operating profit from Asia [...]
Lord Mandelson says it would be “suicidal” for China to abuse its involvement in Hinkley August 10, 2016 Lord Mandelson said today it would be “suicidal” for China to use its role in the Hinkley Point C nuclear power plant to compromise the UK’s national security. China's ambassador to the UK recently warned over relations between the two countries after Westminster pushed back its decision on the project. Read more: EDF chief knew government wanted to [...]
Unfazed Bank of England to carry on with billion-pound bond purchases despite setback August 10, 2016 The Bank of England is pushing ahead with its bond-buying programme as planned despite yesterday's stumble. Threadneedle Street was unable to find enough bond sellers on the open markets for its planned purchases yesterday, coming up £52m short of its target in a £1bn-plus operation. This morning the Bank confirmed it will continue with today's asset purchases, [...]
A survey of student satisfaction levels has just found London students are the most miserable August 10, 2016 NULL
One of the UK’s most senior political journalists is moving into government August 10, 2016 New culture secretary Karen Bradley has recruited The Sun's chief political correspondent to serve as a special adviser. Craig Woodhouse confirmed his move to the Department of Culture, Media and Sport on Twitter earlier today. After 11 wonderful years on Fleet Street it's time for something new. Hugely excited to be joining @DCMS as special [...]