Tsipras lashes out at lenders ahead of poll July 1, 2015 The Greek government’s standoff with its bailout providers descended deeper into farce yesterday after Prime Minister Alexis Tsipras put a new offer on the table, only to insist later in the day that a referendum will go ahead on a previous offer made by its creditors. International stock markets jumped on reports that Tsipras was [...]
Sir Martin Sorrell on Heathrow expansion: Back it and get building – the government must move quickly on third runway July 1, 2015 After nearly three years spent carefully examining the evidence, the Airports Commission published its Final Report yesterday. Its definitive view, following what has been a long and robust process, is that London needs one new runway, and that the best option is to expand Heathrow. We believe that we need airport expansion, and that the [...]
George Osborne’s marginal revolution: Why Britain’s top rate of tax is unsustainable July 1, 2015 The so-called marginal revolution in economics occurred in the nineteenth century. George Osborne’s marginal revolution in taxation needs to start next Wednesday, with decisive steps towards a more sensible tax system. In many ways, next week’s Budget will reveal the real Osborne. Freed from the shackles of coalition politics, will we see a markedly free [...]
Donald Trump sues Univision for $500m over Miss USA beauty pageant July 1, 2015 Presidential hopeful Donald Trump has filed a $500m (£319.3m) lawsuit against Univision Communications after the US television company scrapped plans to screen the Miss USA beauty pageant. Read more: Donald Trump in quotes Univision and NBC dropped the 12th July event co-owned by Trump after the billionaire made derogatory comments about Mexican immigrants when announcing [...]
Bank of England is making plans to “protect” the UK from Greece, says governor Mark Carney July 1, 2015 The Bank of England (BoE) is drawing up plans to protect the UK's financial system from the crisis unfolding in Greece, according to governor Mark Carney. Read more: Mark Carney voices concern about Greek crisis in Bank of England Financial Stability Report In an interview with Sky News, he said the central bank was [...]
Airports Commission report: We’ll decide on Heathrow third runway by the end of the year, says David Cameron July 1, 2015 The government will decide whether to accept a recommendation by the Airports Commission, led by Sir Howard Davies, to increase capacity at Heathrow airport by building a third runway "by the end of the year", the Prime Minister said today. Read more: Here's what the third runway will actually look like Although David Cameron ducked [...]
Mark Carney voices concern about Greek crisis in Bank of England Financial Stability Report July 1, 2015 The Bank of England was unable to give a stable outlook for the UK’s financial stability due to the ongoing Greek crisis, in its financial stability report today, saying the risks in relation to Greece and its financial needs “were particularly acute”. Mark Carney, the Bank's governor, warned the outlook for financial stability has worsened, [...]
Mark Zuckerberg’s Q+A with Stephen Hawking and the Terminator Arnold Schwarzenegger July 1, 2015 Facebook chief Mark Zuckerberg often turns to Facebook (where else?) to hold Q+A sessions so those around the world can raise a question with him. Last night, though, the billionaire social network founder was joined by a line-up of star-studded questioners which included scientist Stephen Hawking, media darling Arianna Huffington and even the Terminator himself, Arnold [...]
Heathrow third runway expansion: Boris Johnson says “it’s not going to happen” July 1, 2015 "It's not going to happen" Boris Johnson has said of the Airport Commission's decision to back expansion at Heathrow airport. The London mayor whose own proposals for a new airport on the Thames estuary dubbed "Boris Island" were sunk last year, called the Heathrow plans "disastrous". He accused Sir Howard Davies who led the commission [...]
Zac Goldsmith says he will resign if government goes ahead with Heathrow expansion July 1, 2015 Zac Goldsmith, the favourite to be London mayor, has confirmed this morning that he will resign his seat if the government decides to follow Sir Howard Davies' recommendations to expand Heathrow. The Conservatives' star candidate said in an interview with LBC: "It’s a pledge of course I'd honour." Though he added he did not think [...]