European stocks soar as European Commission President Jean-Claude Juncker says proposals “good basis for progress” June 22, 2015 European stock markets had a strong start to the week, as renewed optimism about a deal between Greece and its lenders boosted indices. The Cac and the Dax were both up 3.1 per cent at pixel time, while the FTSE 100 was up 1.4 per cent. Stocks in Athens were up more than eight [...]
George Osborne insists £12bn in welfare cuts will go ahead June 22, 2015 Chancellor of the exchequer George Osborne has said that he will push ahead with plans to cut £12bn in welfare spending, despite previous reports that Conservative party campaign promises would be reined in under the new government. Writing with work and pensions secretary Iain Duncan Smith in The Sunday Times, Osborne said that he would [...]
Retailers send George Osborne their budget wish list June 21, 2015 British retailers are calling on the chancellor to eschew the living wage and introduce new measures to boost productivity in next month’s emergency budget. In a new submission to chancellor George Osborne, the British Retail Consortium (BRC) said that it wants the government to “work with the retail industry to ensure that employees are [...]
George Osborne and Iain Duncan Smith promise £12bn cuts to welfare budget June 21, 2015 The government has promised to slash the welfare bill by £12bn each year, the day after tens of thousands of people took to the streets of London to protest against austerity. Chancellor George Osborne and work and pensions secretary Iain Duncan Smith said the cuts would reform "the damaging culture of welfare dependency" and ensure [...]
Godfrey Bloom compares Nigel Farage to Stalin and calls him “sadly unelectable” June 19, 2015 Nigel Farage has been dubbed an "unelectable" leader who runs Ukip like a communist dictator by a former Ukip MEP. Godfrey Bloom said the Ukip leader was "ruthless", adding that "even a hint of criticism" would risk getting "your membership card chopped up". His comments were made after the party's leadership moved against deputy chair [...]
David Lammy: Sadiq Khan was wrong to rule out expansion at Heathrow – the decision must be based on what’s right for London June 19, 2015 Extending London’s airport capacity will be a key issue for the next mayor. It is not something that we can afford to keep pushing into the long grass. Already London business is missing out: last year, Germany overtook the UK for new investments – disappointing, but hardly surprising considering it has significantly more connections [...]
Neil Woodford: One year after leaving Invesco, star fund manager reviews his stock picks June 19, 2015 It’s not just Aim that is celebrating a birthday. Star fund manager Neil Woodford is celebrating one year since he left Invesco and set up Woodford Investment Management and the Woodford Equity Income fund. The fund is easily outperforming its sector, up 16.5 per cent for the year, compared with an increase of 7.8 per cent. [...]
Ukip’s Suzanne Evans facing sack over “divisive” Nigel Farage comments June 18, 2015 Ukip deputy chairman Suzanne Evans is facing the sack after criticising leader Nigel Farage on the BBC. Read more: Suzanne Evans quits Ukip policy role as "purge of the plotters" continues An internal party email released by the BBC titled "Suzanne Evans" appears to issue a directive for all officials to cut off contact with [...]
EU president says compromise is needed as he discusses “controversial” reforms with David Cameron June 18, 2015 The president of the EU has said that compromise is needed as Cameron pressed on with his plans to renegotiate Britain's relationship with Europe. President Martin Schulz met the Prime Minister at Downing Street, as Cameron continued his bid to court European leaders. He later hosted Irish Prime Minister Enda Kenny. Mr Schulz said there were [...]
Strong jobs report gives George Osborne boost at PMQs June 17, 2015 Chancellor of the exchequer George Osborne took centre stage in the House of Commons yesterday, buoyed by strong new jobs numbers. Standing in for the first time in place of Prime Minister David Cameron at Prime Minister’s Questions (PMQs), Osborne welcomed the support of Tory backbenchers citing the latest labour market statistics and singing [...]