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 [...]
David Cameron: Government authorised drone strikes on UK citizens September 8, 2015 The government authorised an unprecedented "precision" airstrike to kill British nationals in Syria last month, Prime Minister David Cameron said today. Reyaad Khan, a 21-year-old from Cardiff who was affiliated with Islamic State (IS), was targeted and killed on 21 August by an RAF drone near Raqqah in Syria, Cameron said. British aircraft are understood [...]
Firms to Osborne: Don’t leave the capital behind September 8, 2015 BUSINESSES in the capital have urged the government to remember London when pushing for greater devolution of decision-making powers to local authorities. In an official submission to the Treasury ahead of November’s comprehensive spending review, the London Chamber of Commerce and Industry (LCCI) said that London should not be “overlooked”. LCCI chief executive Colin Stanbridge [...]
Cameron loses crunch vote over EU referendum as Tory backbenchers rebel September 8, 2015 Prime Minister David Cameron was handed a bruising defeat late last night as a coalition of Labour, SNP and eurosceptic Conservatives rejected the government’s latest proposals surrounding the EU referendum. In Cameron’s first defeat of the new parliament, just 285 MPs backed the government’s amendment to the EU referendum bill, while 312 MPs voted [...]
Consumers are being ignored in the financial market abuse crackdown September 7, 2015 MPs coming back to Westminster after the summer recess will be returning to financial markets that have shown levels of volatility not seen since the banking crisis. While it is unlikely that the recent share rout will lead to another global meltdown, it will give added impetus to MPs’ efforts to pass legislation aimed [...]
David Cameron: Britain will take up to 20,000 Syrian refugees in the next five years September 7, 2015 Britain will admit up to 20,000 Syrian refugees in the UK over the course of the next five years, David Cameron said today. The government will accept asylum seekers from refugee camps in and around Syria, granting resettled people five-year humanitarian protection visas. "Vulnerable children", especially orphans, would be the government's priority, Cameron said The [...]
Labour leadership race: Want to be like Jeremy Corbyn? Now you can, with this blazer September 7, 2015 We all know Jeremy Corbyn, the nation’s new political celebrity, is more than a man with bold ideas: with his characteristic beard and crumpled suits, his distinct style transcends generations. Now you can look just like him – with the "Jeremy Corbyn 70s Beige Burton Blazer" on Ebay. Simply combine with a white shirt and dark [...]
Scottish referendum revisited: Is an independent Scotland becoming inevitable? September 7, 2015 A fortnight today (18 September) will mark the first anniversary of the Scottish independence referendum – arguably the most important political event any of us in Scotland have experienced – giving pause for reflection on a year that has seen the referendum losers seem like winners, and vice versa. Despite the relatively decisive [...]