Beyond the bottom line: UK asset managers aren’t ready for new stewardship rules – should we be worried? February 19, 2019 From questionable corporate incentives to excessive risk-taking, there were plenty of red flags that should have warned asset managers of the impending financial crisis in 2008. And yet, many turned a blind eye, ultimately choosing to risk people’s pension savings for the sake of short-term gains. Since then, codes of practice have been introduced around [...]
Want a more future-focused government? Climate action is just the start February 19, 2019 The reaction was predictable. Last week’s Climate Strike by schoolchildren was met with an inane debate about whether or not the pupils were right to “play truant”. This dialogue of the deaf was a missed opportunity. Politicians should take seriously the protesters’ demand that they “recognise that young people have the biggest stake in our [...]
A real Labour split won’t guarantee a surge in sterling February 19, 2019 Investors who are predicting a sterling rally if there if a full-blown split in the UK’s opposition party are likely to be sorely mistaken. The Labour party has leaned increasingly to the left since Jeremy Corbyn took the reins in 2015. Many currency experts have warned about his policies, saying that they fear a Labour [...]
Transactions slips as market ‘holds its breath’ in run-up to Brexit February 18, 2019 Fresh evidence of an activity slump in Britain’s housing market has been brought to light this morning, with new data showing a sharp drop in property transactions during the last three months. The average number of sales recorded by estate agents in November to January were 36 per cent lower than the long-term average, as [...]
The Labour splitters won’t redraw the political map, but they do raise awkward questions February 18, 2019 After years of infighting, threats, and a couple of failed coups, seven Labour MPs have taken the difficult and courageous decision to quit the party, sitting in the Commons as a new “Independent Group”. Their disillusionment with Labour has many sources, from a failure to confront antisemitism to the party’s muddled stance on Brexit, from [...]
Jewish Labour MP breaks down in tears as she urges party to change February 18, 2019 A Jewish Labour MP broke down in tears as she begged her party leadership to do more to tackle anti-semitism, Ruth Smeeth made the emotional plea at a meeting of Labour MPs held just hours after seven of her colleagues quit the party, dubbing it institutionally anti-semitic and intolerant. The Stoke North MP challenged Labour [...]
Honda to close Swindon factory in ‘devastating’ blow to Britain’s car industry, putting 3,500 jobs at risk February 18, 2019 Honda is gearing up to announce the closure of its Swindon factory, plunging 3,500 jobs into uncertainty, according to a local MP. The Japanese car manufacturer will close its only factory in the EU in 2022, delivering a serious blow to Britain’s already ailing car manufacturing industry. The decision was first reported by Sky News. [...]
Gang of Seven ex-Labour MPs told to have the courage of their convictions and trigger by-elections February 18, 2019 MPs who have quit the Labour party to form a new independent alliance are facing growing pressure to trigger by-elections. Seven MPs – Luciana Berger, Chris Leslie, Angela Smith, Ann Coffey, Gavin Shuker, Mike Gapes and Chuka Umunna – announced on Monday morning they had resigned from Labour in protest at the party’s approach to [...]
Labour MPs expected to resign today over divisions on Brexit and antisemitism February 18, 2019 Rumblings of a Labour party split look set to reach a head as sources told the media the disaffected MPs would resign today. Senior party sources told the BBC that the leadership was expecting a handful to resignations while Sky News said the group would make a statement later this morning on "the future of British politics". Those [...]
UK faces ‘large gaps’ in the law as just 13 per cent of EU regulations have been transferred ahead of Brexit February 18, 2019 Businesses face extensive disruption on the UK's scheduled departure date from the EU unless thousands of laws are amended in time for the 29 March deadline. Just 13 per cent of EU legislative regulations have been earmarked for retention by the government, meaning it faces a huge task in ensuring that all relevant laws are [...]