Ministers mull new laws to crack down on foreign spies working in UK banks and businesses April 28, 2019 A new law to crack down on foreign spies working for banks and businesses is reportedly being drawn up by the government to curb the influence of "red money" in the UK. The legislation is part of a raft of measures designed to get a grip on money flowing into the UK from Russia and China, following [...]
Philip Hammond to give verdict on future of 1p and 2p coins April 28, 2019 The Chancellor Philip Hammond is set to decide on the future of 1p and 2p coins this week, after much speculation that they could be axed. Read more: Scrapping 1p and 2p coins would have "no significant impact on prices" City A.M. understands that the two copper coins are likely to be saved by a [...]
French rail firm SNCF threatens legal action against government over failed HS2 bid April 28, 2019 France’s state-owned rail company SNCF is threatening legal action against the UK government after it was barred from bidding from a contract to run HS2 in an ongoing dispute over pension liabilities. SNCF is the latest firm to get caught up in a row over pensions, which prompted the Department for Transport (DfT) to bar Stagecoach [...]
Theresa May should be included in inquiry into Huawei leak, say cabinet ministers April 28, 2019 Cabinet ministers are calling for Theresa May to be included in a government inquiry into a high-profile leak about Huawei's role in the future of the UK's 5G network. Those making the calls say the Prime Minister should have her phone searched to see if she was behind the leak, which emerged after a meeting [...]
Tory party chairman hints at another Brexit vote to thwart next month’s EU elections April 28, 2019 Theresa May could try to bring her beleaguered Brexit deal before parliament in a last-ditch attempt to thwart next month's European elections. Tory party chairman Brandon Lewis has said it is "still possible" for parliament to approve the Prime Minister's deal, which has been heavily defeated three times, to avoid the need for the contentious EU [...]
Brexit drives support for Scottish independence to 49 percent April 27, 2019 Brexit has driven support for Scottish independence to 49 per cent, the highest point in the last few years, according to the latest poll. A poll by Yougov showed that support for Scotland breaking away from the United Kingdom has increased from 45 per cent in June last year, Reuters reported. Read more: Prolonged Brexit [...]
Has the government’s £1bn artificial intelligence sector deal made any difference? April 26, 2019 One year on, has the government’s £1bn artificial intelligence (AI) sector deal made any difference? Dr Jeremy Silver, chief executive of Digital Catapult, says YES. A year after the announcement of the government’s sector deal, investment is at an all-time high. AI startups in the UK raised nearly £1.3bn in 2018, very nearly eclipsing the [...]
Oil prices fall after Trump’s showdown with Opec April 26, 2019 Oil fell today after President Donald Trump said he “called up” the Opec oil cartel to demand they bring down prices. Read more: Corbyn snubs state dinner invite during Trump's UK visit “Gasoline prices are coming down. I called up Opec, I said you’ve got to bring them down. You’ve got to bring them down,” Trump [...]
Jeremy Corbyn snubs state banquet invite during Donald Trump’s UK visit April 26, 2019 Labour Party leader Jeremy Corbyn has turned down an invitation to a state dinner during US President Donald Trump’s visit to the UK in June. Corbyn joins Liberal Democrat leader Vince Cable and House of Commons speaker John Bercow in snubbing the event. Read more: Labour MPs table bid to thwart Donald Trump's UK state [...]
Debenhams to close 22 stores in 2020 as lenders warn of 1,200 job losses April 26, 2019 Debenhams revealed its store closure plan this morning, with up to 22 stores expected to be shuttered in 2020. Around 1,200 jobs are at risk due to the two Company Voluntary Arrangements (CVAs), one for property and one for retail, the company said today. Read more: Debenhams owners to outline plans to shut 20 stores The [...]