Debenhams considers Mike Ashley’s £150m loan offer March 14, 2019 Debenhams said it will give “careful consideration” to Sports Direct’s proposed £150m loan this morning, after receiving the offer last night. Read more: Sports Direct accuses Debenhams of 'deliberately misleading' the market The struggling department store chain received the 12-month loan offer from billionaire Mike Ashley last night, as the retail magnate accused the board [...]
Raising corporation tax may seem like a vote winner, but it makes all of us poorer March 14, 2019 Last year, parliament passed a law requiring the UK’s overseas territories (OTs) – including Bermuda, the Cayman Islands, and the Virgin Islands – to publish lists of the “beneficial owners” of the companies registered in them. The sponsors of the law claimed it was a crime-fighting measure. Conservative MP Andrew Mitchell justified the law by [...]
Tory MPs despair as May loses another Brexit vote, with Article 50 delay on the horizon March 14, 2019 Brexit is set to be delayed beyond 29 March after a tumultuous night in parliament saw a complete breakdown in Conservative party discipline. MPs backed taking no-deal off the table by 321 to 278, with 12 members of the government – including four cabinet ministers – refusing to follow Theresa May’s orders and vote against [...]
Trump says Federal Aviation Administration will ground Boeing 737-Max 8 planes over safety concerns March 13, 2019 US President Donald Trump has pushed through an "emergency order" to the US Federal Aviation Administration (FAA) "to ground all 737 Max 8 and the 737 Max 9, and planes associated with that line," after an Ethiopian Airlines plane crashed and killed 157 people. The FAA – and Trump by association – had both come under pressure [...]
Canada bans Boeing crash jet, piling more pressure on ‘dogmatic’ US authorities to follow suit March 13, 2019 Boeing’s misery deepened yet further today as Canadian authorities joined others around the globe in banning its latest jet model from their airspace. The move heaps yet more pressure on US regulators to ban Boeing’s new 737 Max range after it suffered its second fatal crash in five months on Sunday. Read more: Boeing's Ethiopian [...]
No gas boilers in new British homes after 2025, chancellor pledges March 13, 2019 New British homes will soon be built without gas boilers as the government tries to tackle emissions. The new future homes standard will ban fossil fuel heating systems in all new houses from 2025, the chancellor said today. Read more: Spring Statement: UK slashes 2019 growth forecast The measure will help homes reach “world-leading levels [...]
Hammond calls for competition probe into digital advertising market March 13, 2019 The government will call on the competition regulator to launch an inquiry into the digital advertising sector amid concerns about the dominance of tech giants. Presenting his Spring Statement this afternoon, Chancellor Philip Hammond said he will ask the Competition and Markets Authority (CMA) to review the market and ensure Google and Facebook “pay their [...]
Spring Statement: Chancellor to consult on new ways of funding infrastructure projects March 13, 2019 The government is to launch a consultation on how the government pays for infrastructure projects such as Crossrail and HS2 in future, the chancellor said today. In a Spring Statement overshadowed by an impending vote by MPs on whether to accept a no-deal Brexit, Philip Hammond said he would consult business on how to fund [...]
Spring Statement: Philip Hammond demands Brexit consensus as he warns of no deal dangers March 13, 2019 Philip Hammond used his Spring Statement today to urge MPs to compromise on Brexit as he launched a savage assessment on the economic risk of ‘no deal’. Speaking a day after parliament again voted down Theresa May’s withdrawal agreement, the chancellor said leaving the EU without a deal would increase unemployment and food prices, and [...]
Boris Johnson invokes anger by claiming historic child sexual abuse probe money is ‘spaffed up the wall’ March 13, 2019 Boris Johnson came under fire today for “disgusting” comments he made saying public money was being “spaffed up the wall” on investigating historic cases of child abuse. The former London mayor made the remarks on LBC, saying the money would be better spent on tackling knife crime. Read more: Boris Johnson urges May to secure [...]