London Stock Exchange boss warns moving euro clearing away from UK could cost banks $77bn November 1, 2016 The chief executive of the London Stock Exchange Group has warned that moving euro-denominated clearing away from the UK could cost banks $77bn (£63bn) in additional collateral. Xavier Rolet said that moving clearing from London to other financial centres would impose a “prohibitive cost on European banks”. Read more: Warning over moving euro clearing from London [...]
The government wants “flexibility but fairness” for Uber and gig economy workers November 1, 2016 Flexibility as well as fairness must be considered when it comes to workers rights in the wake of the landmark Uber driver employment ruling, the government’s digital minister has said. “Technology is changing employment patterns and it's important we keep up with that and it's important that employers take their employment law responsibilities seriously,” said Matt [...]
Should investors brace themselves for a big stock market fall if Donald Trump wins the US election? November 1, 2016 Adrian Ash, head of research at BullionVault, says Yes. If a friend is now waking up after missing 2016 in a coma, bring them up to speed gently: start with Leicester winning the Premier League at 5000-to-one. The UK’s vote to leave the EU was discounted even by its leading proponents right until the morning of [...]
Odds on Donald Trump winning US presidential election slashed November 1, 2016 Donald Trump’s odds of winning the US presidential election have been slashed amid an FBI investigation into Hillary Clinton’s emails. Trump’s odds with Betway are now 2/1 – his shortest for a month – behind Clinton on 4/11. Read more: John Kasich has voted for John McCain rather than Donald Trump Alan Alger of Betway [...]
The Royal British Legion and Canary wharf have launched the UK’s first Remembrance Art Trail November 1, 2016 Ahead of London Poppy Day on Thursday, The Royal British Legion and Canary Wharf have commissioned the UK’s first Remembrance Art Trail. Created by British artist Mark Humphrey, the trail consists of seven art installations dotted around the area, each telling visual stories of the sacrifices made by Armed Forces through their service. The pieces [...]
John Lewis plans to expand cuts to premium pay ahead of government debate on the national living wage November 1, 2016 NULL
The people of Burnley and Bradford have a point about the impact of immigration November 1, 2016 The scenes as the migrant camp was cleared in Calais once again provoked bitter divisions in British society. Metropolitan luvvies and liberals tweeted their virtue and called for no restrictions on immigration. In more traditional areas, there is active resentment at the possibility of even further inflows of foreigners. When New Labour decided in the [...]
For Richmond read Ribble Valley – Tim Farron is comparing December’s Zac Goldsmith by election to a famous Poll Tax win November 1, 2016 With a month to go before voting begins in Richmond Park, Lib Dem leader Tim Farron has compared the by election battle to a 25-year-old victory that helped bring about the end of the poll-tax. Speaking to City A.M. while travelling to Richmond for his first full day of campaigning in West London since the former [...]
Theresa May’s industrial strategy isn’t about picking winners – but taking control of Britain’s economic destiny post-Brexit November 1, 2016 Purists likely shuddered at Theresa May’s commitment to a “proper, modern industrial strategy” as she reshaped the Business Department in July. Three decades of free market orthodoxy have convinced many business folk that a fully-fledged plan for industry represents a throwback to the 1970s, a decade when sickly British Leyland came to symbolise all that [...]
Met Police hands over keys of New Scotland Yard HQ to new owners after 49 years November 1, 2016 The Metropolitan Police yesterday handed over the keys of its New Scotland Yard headquarters in one of the biggest property deals to complete since the UK’s Brexit vote. BL Development Limited, an investment vehicle controlled by UAE-based Abu Dhabi Financial Group, acquired the building for £370m in December 2014. Read more: New New Scotland Yard? [...]