Labour leadership election: Key business policies from Jeremy Corbyn, Andy Burnham, Yvette Cooper and Liz Kendall September 9, 2015 With three days until the new Labour leader is announced, we've looked at the business policies from each of the four candidates. Read more: Candidates clash over business as Kendall urges party to back "wealth creation" Jeremy Corbyn Corbyn has argued for a fundamental shift in economic policy. Corbyn is considered the most left-wing candidate [...]
Labour leadership odds 2015: When did it start to look like Jeremy Corbyn might win? September 9, 2015 It feels like the Labour leadership campaign has been going on for eons. But here we are, at the final hurdle. It’s now just three days until the result is announced. During General Election a few months ago, it was said bookies outperformed pollsters when it came to predicting the result – with many polls predicting [...]
Mike Ashley is the least popular director among Sports Direct shareholders September 9, 2015 Mike Ashley is the least popular director at Sports Direct among shareholders, according to votes taken at the retailer's AGM held yesterday. The multi-billion-pound business, which Ashley set up in 1982, comfortably passed all the requisite resolutions including the re-election of all its directors. But the numbers revealed by Sports Direct showed proportionately [...]
George Osborne: The EU needs the City of London to be successful in business September 9, 2015 The success of the Square Mile is of paramount interest to the European Union and the Eurozone, chancellor George Osborne told peers yesterday. “The health of the City is an EU and Eurozone interest,” Osborne told the Lords Economic Affairs Committee. But responding to a question from Lord Kerr of Kinlochard, Osborne also [...]
Paul Krugman says Republican presidential candidate Donald Trump is “right on economics” September 8, 2015 Nobel laureate Paul Krugman has said Republican presidential candidate Donald Trump's willingness to raise taxes means he is "right on economics" – at least compared to his conservative counterparts. The intervention comes after Jeb Bush attacked Trump not on what Krugman dubbed his "absurd and vicious" immigration policies, but "precisely the issues on which Mr. Trump [...]
Chancellor George Osborne “confident” about Hinkley Point deal September 8, 2015 Chancellor George Osborne has said that the government's plan to build a new nuclear power plant at the Hinkley Point power station is on track. "I am pretty confident that we are going to be able to do a deal, but we are still in the negotiations," he told the Lords Economic Affairs committee. Britain [...]
Bank of England governor Mark Carney readies for grilling from newly formed Treasury Select Committee September 8, 2015 Bank of England boss Mark Carney will be among the first witnesses to appear before the newly-formed Treasury Select Committee tomorrow. Carney and other policymakers from the Old Lady will be quizzed about financial stability and the economic outlook for the UK. Conservative MP and committee chair Andrew Tyrie has said he will ask questions [...]
John McFarlane to staff: Leaked memo says Barclays needs to make “tough calls” to push up shareholder returns September 8, 2015 It's been just a couple of days since the traditional back to work season kicked off and already Barclays' boss John McFarlane has ruffled a few feathers with a memo sent to staff hinting at a cull. In a welcome back note sent to all Barclays staff this morning, City A.M. understands that the man famously [...]
Labour leadership election 2015: Jeremy Corbyn to meet former Greek finance minister Yanis Varoufakis at anti-austerity meeting in London September 8, 2015 Anti-austerity fans have something to look forward to next week, when the former Greek finance minister Yanis Varoufakis and Labour leader hopeful Jeremy Corbyn will share a platform to discuss alternatives to spending cuts. The two men will debate "austerity, humanitarian disaster and [the] market meltdown" – though of course, Corbyn may be leader by [...]
Watch out Mike Ashley: Unite the union protesters to target Sports Direct AGM dressed as Dickensian workers over “Victorian” zero-hours contracts September 8, 2015 Sports Direct's AGM tomorrow is set to be an even more lively affair than usual. Unite the union has revealed plans for a protest outside the AGM with members dressed as Dickensian workers. They will be demanding "an end to ‘Victorian’ work practices at the retailer’s nearby Shirebrook warehouse and that the company pays [...]