Brexiters set to reveal an alternative to Chequers September 24, 2018 Pro-Brexit MPs will today throw their weight behind a detailed alternative to the Prime Minister’s ill-fated Chequers proposals. Earlier this month City A.M. revealed that former Brexit secretary David Davis was backing an alternative Brexit plan, which has been produced by trade expert Shanker Singham – head of the International Trade and Competition Unit at [...]
Labour will tell major UK companies to hand 10 per cent of equity to workers September 23, 2018 The Labour party opened up a new front in its war with business last night, revealing a plan to force companies to put 10 per cent of shares into so-called "inclusive ownership funds". Workers could receive up to £500 a year from the funds, according to the policy. However, any additional revenues "will be transferred [...]
TfL to lose out on £10m in advertising from Elizabeth Line delay in further blow to finances September 23, 2018 Transport for London (TfL) is to lose a further £10m in advertising from the delay to the opening of Crossrail, City A.M. can reveal. The £15.4bn Elizabeth Line was due to open this December but has been delayed until next autumn because of safety concerns and delays to signalling testing. TfL was relying on the line – [...]
Barclay brothers’ Ritz Hotel Casino swings to £11.7m loss from customer wins in 2017 September 23, 2018 The Barclay brothers' Ritz Hotel Casino reported an £11.7m loss last year after a strong performance the previous year, in which it made a pre-tax profit of £8.9m. The Ritz Hotel Casino, which is owned by the owners of the Daily Telegraph, David and Frederick Barclay, is based in St James's and has been visited [...]
Brexit secretary Dominic Raab rejects rumours of snap general election September 23, 2018 Brexit secretary Dominic Raab has ruled out general election in the autumn, saying rumours are "for the birds". The Sunday Times reported this morning that Theresa May's team was plotting a snap general election to shore up public support for her Chequers plan in the wake of her disastrous Salzburg summit in which EU leaders roundly [...]
Labour leadership to ‘back members’ on second Brexit vote September 23, 2018 Jeremy Corbyn and his deputy Tom Watson have said they will back another EU referendum if party members call for one. The Labour leader said he would "adhere to" any decision made at the party's annual conference today in Liverpool. But he told the Sunday Mirror he was not specifically calling for a new vote. “What [...]
Former BHS owner Dominic Chappell loses conviction appeal with Pensions Regulator September 21, 2018 Former BHS owner Dominic Chappell has lost an appeal against his conviction for failing to provide information to the Pensions Regulator (TPR) following the demise of the department store chain. Chappell was ordered to pay £87,000 in January. Today a judge ruled his conviction would not be overturned because he gave "entirely unbelievable" evidence. In 2015, [...]
Former BHS owner Dominic Chappell loses conviction appeal with Pensions Regulator September 21, 2018 Former BHS owner Dominic Chappell has lost an appeal against his conviction for failing to provide information to the Pensions Regulator (TPR) following the demise of the department store chain. Chappell was ordered to pay £87,000 in January. Today a judge ruled his conviction would not be overturned because he gave "entirely unbelievable" evidence. In 2015, [...]
TfL urges Londoners to rethink travel plans ahead of planned Piccadilly Line strike next week September 21, 2018 Londoners have been urged to rethink their travel plans ahead of scheduled three-day strike on the Piccadilly Line by the rail union RMT. The strike will force the entire line out of action from Wednesday 26 September until the Saturday. If the strike goes ahead there will also be no Night Tube on the [...]
