Sainsbury’s boss Mike Coupe misses out on payday perks June 4, 2015 Sainsbury’s chief executive Mike Coupe missed out on an annual bonus last year after the supermarket chain failed to meet sales and profit targets. The retailer’s annual report published yesterday revealed that Coupe’s annual pay package dropped to £1.5m in the year to March, down from £2m the previous year, when he was still commercial [...]
Culture secretary says BBC licence free is “regressive” and hits poor hardest June 4, 2015 Culture secretary John Whittingdale has dubbed the BBC licence fee "regressive", saying that it hits the "poorest people" hardest. Speaking in Parliament, Mr Whittingdale told MPs that charging all viewers the same annual fee forced those on lower incomes to pay more for the BBC's television services. It is his most critical comment on the [...]
Labour leadership race: Party gives positive reaction to Corbyn’s candidacy June 4, 2015 Many politicians and commentators from across the political spectrum have welcomed the addition of Jeremy Corbyn to the Labour leadership race, standing on a "clear anti-austerity platform". As Corbyn announced his candidacy on Wednesday, he said: This decision to stand is in response to an overwhelming call by Labour members who want to see a [...]
Royal Mail share price drops as government announces plans to sell off its remaining stake June 4, 2015 Shares in the Royal Mail fell more than three per cent to 510p in early afternoon trading, after the chancellor said the government will begin selling off its remaining stake in Royal Mail this year. Read more: Royal Mail revenues rise by a measly one per cent During a debate over the contents of the [...]
England ready to host 2022 World Cup if stripped from Qatar, says culture secretary John Whittingdale June 4, 2015 Culture secretary John Whittingdale has said England is ready to host the 2022 World Cup if Qatar is stripped of the tournament over corruption claims. Read more: Dyke urges Platini to lead World Cup boycott Answering a culture question the commons, the Conservative MP said England would be ready to host the tournament in seven years' [...]
Tunneling for Crossrail has finally finished – Boris Johnson and David Cameron were there for the big break through June 4, 2015 After three years of literally earth-moving work, tunneling for London's largest ever infrastructure project has finally finished – with a ceremony for the final "break through" under Farringdon station. David Cameron and Boris Johnson were there for the break through on the railway, which will run east to west through London when it opens in [...]
Marks & Spencer chief executive Marc Bolland pockets £600,000 bonus after retailer’s first profit rise in four years June 4, 2015 It's not just shareholders who will be pleased that Marks & Spencer finally returned to growth last year. Marc Bolland has pocketed a bonus worth nearly £600,000 for the high street retailer's green shoots, which reported its first rise in profits in four years last month. Bolland received a bonus worth £596,000 on [...]
David Cameron dodges rookie MP Cat Smith’s questions on poor credit ratings June 3, 2015 The Prime Minister was caught off-guard yesterday when a newly-elected Labour MP asked him about the country’s credit rating. Cat Smith stood up in the first Prime Minister’s Questions of the new parliament and said: “Will the Prime Minister inform the House when he expects the UK to regain its triple A credit rating?” [...]
David Cameron defends Right to Buy scheme after Harriet Harman attacks housing policy June 3, 2015 Prime Minister David Cameron defended his government’s housing policies in the first Prime Minister’s Questions session of the new parliament yesterday. Acting leader of the opposition Harriet Harman attacked the Prime Minister’s plan to extend Margaret Thatcher’s “Right to Buy,” scheme, which will allow housing association tenants to buy their homes at a discount of [...]
David Cameron’s EU renegotiation must free Britain from ever closer union June 3, 2015 As the Prime Minister jets from one European capital to another, seeking support for Britain’s EU reform agenda, the issues on the table are many and varied, ranging from the benefit entitlements of immigrants to the protection of the City of London. But amid all the detail, there is one overriding issue on which the [...]