ECB raises emergency loan limit to £57bn for Greek banks May 12, 2015 The European Central Bank (ECB) has raised its emergency loan limit for Greek banks by €1.1bn (£0.8). The Emergency Liquidity Assistance lifeline, which is provided by the Bank of Greece, is now worth €80bn (£57bn). The decision to raise the level was passed by the ECB's governing council today, and comes a day [...]
How coalitions dominate Europe: David Cameron’s majority makes UK one of only three single party governments May 12, 2015 The UK may have what David Cameron would describe as a “strong and stable government”, led by one majority party, but the rest of the EU looks quite different. Of the 28 countries in the EU, only the UK, Malta, and Spain have single parties in power, with the others being led by coalitions. Some [...]
David Cameron might bring the EU referendum forward to next year May 12, 2015 David Cameron could bring the referendum on EU membership forward to next year – a year earlier than was originally promised. The Prime Minister is drawing up the plans in order to avoid coinciding with the German and French elections in 2017, which could end up creating a crash. One source told The Guardian [...]
Who will be the next Labour leader? Chuka Ummuna launches his leadership bid May 12, 2015 Chuka Umunna is in the running to become the next leader of the Labour party, confirming his widely suspected intention in a video posted on Facebook. The shadow business secretary and MP for Streatham has been widely tipped for the role. He made a number of media appearances in the immediate wake of the election [...]
Sajid Javid’s busy first day as business secretary – here’s what he said on the BBC, strikes and the EU May 12, 2015 Not even 24 hours into his first day as business secretary in David Cameron's all-Tory cabinet, and Sajid Javid is on the front foot with a media blitz having appeared on three different morning TV and radio shows. Notably, the government's business secretary chose the BBC (appearing on BBC Breakfast, Radio 5 Live and Radio [...]
David Cameron’s cabinet reshuffle heralds a new dawn for business May 11, 2015 Sajid Javid gets promotion to top job as business secretary Greg Hands becomes second-in-command at Treasury Sterling continues its climb since the shock election result Prime Minister David Cameron unveiled his first all-Tory government yesterday, with a slew of business-related and economic positions being handed to new faces. Former [...]
David Cameron’s cabinet reshuffle sets new government up for BBC clash as John Whittingdale named secretary for culture, media and sport May 11, 2015 David Cameron set his government on a collision course with the BBC yesterday, appointing John Whittingdale as the new secretary of state for culture, media and sport. Whittingdale, who chaired the culture, media and sport committee in the last parliament, has previously been highly critical of the licence fee system used to fund the public [...]
Ryanair issues YouTube plea to David Cameron to end Airport Passenger Duty May 11, 2015 The election might be over, but that doesn’t mean we’re going to stop hearing about it anytime soon, especially now that Ryanair has got in on the act. The budget airline has released a video on its Youtube channel, congratulating David Cameron on keeping the top spot. However, like its leader Michael O’Leary, Ryanair never [...]
Business wish lists for Sajid Javid from day one May 11, 2015 Industry groups sent their requests to the new business secretary just hours after David Cameron told him he got the job yesterday, with the Confederation of British Industry (CBI), British Chambers of Commerce (BCC) and the EEF all contacting Sajid Javid. CBI Director-General John Cridland said Javid was “an excellent Treasury minister and will be [...]
David Cameron’s cabinet reshuffle: Mayor Boris Johnson rides into Downing Street May 11, 2015 Mayor of London Boris Johnson is likely to spend more time at Downing Street and less time in City Hall in the coming months, thanks to Prime Minister David Cameron’s latest cabinet reshuffle. The mayor, who was elected as the Conservative MP for Uxbridge and South Ruislip in last Thursday’s General Election, will attend meetings [...]