Mark Carney says Chequers-style Brexit could ‘bounce’ UK economy by £16bn September 15, 2018 Bank of England (BoE) governor Mark Carney has said the UK economy could enjoy a £16bn "bounce" if Britain negotiates a trade deal along the lines of Theresa May's Chequers proposal. Details have emerged from a leaked cabinet meeting in which the Bank of England boss revealed he thought May's plan, which seeks a free trade area [...]
Elon Musk’s Space X signs up first private moon flight passenger September 14, 2018 Space X has announced that it has signed up the first private passenger to fly around the moon on its new Big Falcon Rocket launch system. Elon Musk's company said it was a crucial step towards a future of everyday space travel. Read more: 'It's legal, right?' Elon Musk smokes weed on podcast The rocket [...]
Russia would consider UK request to interview Novichok suspects September 14, 2018 The Kremlin today said it will consider any request made by the UK to question two Russian men allegedly behind the nerve agent attack in Salisbury. "Without doubt if such a request is made it will be looked at by the Russian side in strict accordance with Russian law,” said Dmitry Peskov, President Vladimir Putin's spokesperson. [...]
Former Trump campaign manager Paul Manafort to plead guilty to Mueller charges September 14, 2018 US President Donald Trump’s former campaign manager Paul Manafort has agreed to plead guilty to two criminal charges. Manafort will admit two counts in special counsel Robert Mueller’s investigation, one count of conspiracy against the US and another of conspiracy to obstruct justice, Reuters reported today, citing court documents. He previously faced charges of money laundering, [...]
House of Fraser to ‘axe brands’ in Sports Direct strategy rethink September 14, 2018 A number of House of Fraser brands are to be axed as part of a strategy rethink by new owners Sports Direct, it has been reported. Sources told fashion publication Drapers that brands such as Linea, Biba, Issa, Label Lab and Criminal Denim will removed, in line with Mike Ashley's strategy of turning the troubled department store into [...]
Mike Ashley accuses Sports Direct shareholders of ‘stabbing him in the back’ September 14, 2018 Mike Ashley has accused Sports Direct shareholders of stabbing him in the back after the resignation of long-serving chair Keith Hellawell. In a strongly-worded statement, the founder and chief executive officer of the sports retailing giant today criticised shareholders for turning last week's annual general meeting (AGM) into a “media circus”. He said that shareholders had ceded [...]
To win the Brexit prize, ditch Chequers and go back to the drawing board September 14, 2018 In all the confusion and turbulence that has accompanied the negotiations with the EU in recent months, we seem to have forgotten the Prime Minister’s Lancaster House speech, and in particular its important reference to what Theresa May called the Brexit “prize”. That prize must include the ability to improve our own domestic economy: by [...]
RBS boss Ross McEwan ‘withheld information’ from parliament, claims Treasury Committee chair Nicky Morgan September 14, 2018 The chief executive of Royal Bank of Scotland has been accused of "withholding information" when giving evidence to parliament. Ross McEwan told the Treasury Select Committee, including Tory chair Nicky Morgan, back in January that he was not aware of any allegations of criminal activity within the bank's notorious and now-defunct Global Restructuring Group (GRG). [...]
Sadiq Khan and TfL award London businesses £230,000 to reduce congestion in the capital September 14, 2018 Transport for London (TfL) has awarded six businesses more than £230,000 in funding to help them to reduce congestion in the capital by making freight and deliveries more efficient. The businesses, varying from waste collectors to cycle freight, will each receive a slice of the funding, which is a significant increase on the £60,000 that businesses [...]
Editor’s notes: A Cornish hero on 9/11, vegans up the creek with no Padella, and policy is for the many, not the pew September 14, 2018 Everyone remembers where they were when they heard about the 9/11 attacks. For many City workers, the event remains a trauma. Michael Spencer, who had hundreds of staff in the World Trade Center, still turns pale when recalling how he sat in London, watching the news footage, trying to get through on the phones. Remarkably, [...]