Tom Watson leaves shadow cabinet meeting early over second referendum splits April 30, 2019 Labour’s deputy leader Tom Watson walked out of a shadow cabinet meeting today in a bust-up over leader Jeremy Corbyn’s position on a second Brexit referendum. Watson denied reports he stormed out of the meeting after copies of the party's EU manifesto document were not shared with the cabinet. Read more: Labour could bypass second [...]
Extra large order: Beyond Meat hikes offering ahead of float April 30, 2019 A vegan burger startup sent signs of confidence through Wall Street today after raising the price range and size of its initial public offering (IPO). Read more: Vegan startup Beyond Meat brings plant-based burger to the UK In a move that could value the group at almost $1.5bn (£1.15bn), Beyond Meat is set to price [...]
Amazon boss Jeff Bezos tops list of Silicon Valley’s best performing tech CEOs April 30, 2019 Amazon’s share price has risen by 83 per cent year-on-year, making boss Jeff Bezos the US’s best performing tech chief executive. The online shopping platform’s share price has jumped $69.53 on average per year during Bezos’ 22-year reign as Amazon’s chief executive. Read more: Investigator accuses Saudi Arabia of hacking Jeff Bezos's phone In 1997, which [...]
Theresa May faces fresh coup attempt as grassroot Tories force emergency summit April 30, 2019 Prime Minister Theresa May is facing a fresh leadership challenge after grassroot Tories forced an emergency meeting to vote on whether to demand her resignation. May will appear in front of 800 constituency chairmen and senior activists, who will vote on whether to demand she steps down over her failure to deliver Brexit, The Sun [...]
Go to Venezuela and see the humanitarian crisis, Colombian ambassador urges Maduro’s UK backers April 30, 2019 UK backers of Venezuelan dictator Nicolas Maduro should visit the South American country to see the reality of the devastating economic mismanagement which has forced millions to flee their homes, according to the Colombian ambassador to the UK. Read more: Venezuela's Maduro calls for gold held in Bank of England to be returned In an [...]
Labour policies will represent ‘revolution’ for UK economy says John McDonnell April 29, 2019 Shadow chancellor John McDonnell said Labour will unleash an economic “revolution” if it wins power. The Labour MP for Hayes and Harlington, who has previously named Soviet revolutionaries Lenin and Trotsky as key intellectual influences, told the BBC he saw parallels with 1979 when Margaret Thatcher swept to power. "Things aren't working for people, so they're [...]
Scrap franchise system and let TfL control London commuter routes, says rail industry April 29, 2019 The rail franchise system should be scrapped and responsibility for commuter routes handed from central government to local authorities such as Transport for London (TfL), the rail industry has said. The Rail Delivery Group (RDG), which represents the industry, has today unveiled its proposals for the Williams rail review, which transport secretary Chris Grayling called last [...]
US says it may reassess intel sharing with allies that use Huawei tech in their 5G systems April 29, 2019 The US government will reassess sharing information with allies that use equipment made by Chinese tech firm Huawei in their 5G networks, a US official said today. “It is the United States’ position that putting Huawei or any other untrustworthy vendor in any part of the 5G telecommunications network is a risk,” said Robert Strayer, [...]
A new book about austerity has put Keynesian economists on the defensive April 29, 2019 Notoriously, economists quarrel about almost everything in their subject. But since the publication of John Maynard Keynes’ General Theory of Employment, Interest and Money in 1936, they are supposed to agree on one point: that increases in government spending boost demand and output, and reductions in government spending depress them. Indeed, according to the theory, a [...]
Can Just Eat deliver the City what it wants? April 29, 2019 On Wednesday morning most eyes in the City will be on Mike Coupe, the Sainsbury’s chief executive battling to keep his job. In the firm’s Holborn HQ the grocery veteran will set out his Plan B after the UK competition watchdog crushed his dreams of a merger with Asda. Read more: Shortsellers increase bets against [...]