Ex-Labour minster quits party with astonishing attack on the ‘Corbyn Cult’ May 14, 2019 A former Labour minister has quit the party with a savage attack on the “Corbyn Cult” she claims has taken over the leadership. Bridget Prentice, who served as a junior minister in the Ministry of Justice under Tony Blair, compared the Labour party to North Korea were “disloyalty to the leader is a criminal offence.” Prentice, [...]
John McDonnell tells CEOs: Karl Marx’s analysis has to be taken into account May 14, 2019 Labour’s shadow chancellor has told some of the world’s most powerful CEO’s that revolutionary thinker Karl Marx had ideas that “we have to take into account”. Speaking at the Wall Street Journal’s CEO council in London, John McDonnell was quizzed over his previous claim that he was a “Marxist”. An audience member challenged McDonnell to [...]
Boost minimum wage for young workers, Labour says May 11, 2019 The Labour Party has revealed plans to abolish the lower minimum wage for those under 18 as it aims to hike the salaries of all of the lowest paid to at least £10 an hour. The new hike would more than double what employers have to pay to their under-18 employees, who currently get a [...]
Get your Eurovision goggles, it’s time for yet another election May 10, 2019 Two years and 11 months since Britain voted to leave the EU, the country is voting again, on how we’d like to be represented in it while we struggle to work out what leaving actually means. Yes, we found out this week that the Euros are definitely on, despite the best efforts of an embattled [...]
Attempts to tackle the ‘problem’ of high pay will end up making everything worse May 10, 2019 The more we learn about what other people earn, the more concern there is about it. Specifically, a political debate is raging over dramatic increases in the pay of chief executives of listed companies. Deemed “unfair” in the widening inequality discussion, pressure is growing from activists and politicians to fix this so-called problem. The latest [...]
Editor’s Notes: Harmony is in short supply in the EU as challenges loom large May 10, 2019 Faced with some major non-Brexit challenges of their own, the leaders of the EU27 and the heads of the EU’s powerful institutions are meeting in Sibiu, Romania for a summit. What’s emerged so far is the Sibiu Declaration, a beautifully vague and vacuous document committing the EU to a range of platitudinous positions such as: [...]
Jeremy Corbyn: Second referendum could heal the UK May 9, 2019 A second referendum on Brexit could provide a “healing process” for the UK, Labour leader Jeremy Corbyn claimed as he launched his party’s European election campaign. Speaking in Kent, Corbyn said a confirmatory vote on any deal agreed with Brussels could help bring the Brexit process to a “conclusion”. Labour’s official party policy is to [...]
Labour’s renationalisation plan isn’t just illiterate, it’s immoral May 8, 2019 Want to buy something, but can’t quite afford it? Just use a simple trick from John McDonnell. Here’s how it works. You say: “We’ll pay a fraction of the actual price.” They say: “Sorry, you can’t do that.” You say: “Yes, we can. We’re the government.” That, in essence, is Labour’s plan to renationalise the [...]
Fix Brexit, unlock investment – and maybe we can all work a little less May 7, 2019 Did you enjoy your day off yesterday? Nice, wasn’t it, coming so soon after the extended Easter break? Plus there’s another bank holiday in just three weeks from now. Happy days. Square Mile workaholics aside, most of us would prefer to have a little more leisure and a little less time in the office – and [...]
Maurice Turnor Gardner’s senior partner on a decade in the City, John McDonnell and being Allen & Overy’s first female partner May 6, 2019 Lawyer to the super rich Clare Maurice has a disarmingly simple view of the world. “Life doesn’t change really, people are born, get married, make money and die,” she says. The senior partner of private wealth boutique Maurice Turnor Gardner is reflecting on the ten years since she led a breakaway from Allen & Overy [...]