More than 2,000 people have already cashed in their Help to Buy Isa just four months after launch – getting a bonus of just £421 June 30, 2016 Perplexing news from the Treasury, which has reported more than 2,000 people have so far cashed in their Help to Buy Isas – meaning they've made an average of just £421. The figures, published this morning, showed 1,490 properties were bought in the four months to the end of March through the scheme, which gives savers a £50 [...]
“Brexit means Brexit”: Theresa May has formally thrown her hat into the Tory leadership race – backed by Jeremy Hunt June 30, 2016 We knew it was coming – but this morning home secretary Theresa May formally joined the leadership race for the Conservative Party. Jeremy Hunt, who had widely been expected to throw his hat into the ring, gave his backing to May instead That followed announcements by Michael Gove and Andrea Leadsom this morning. Liam Fox and [...]
A decision on airport expansion has been put back until “at least” October June 30, 2016 A decision on airport expansion will be delayed until "at least October", the transport secretary has said. In Parliamentary questions this morning, Patrick McLoughlin said while he had hoped the government would be able to announce a decision this summer, it will now be delayed. "Being realistic, I cannot foresee an announcement until at least [...]
Sorry, petitioners: Most Britons don’t support the idea of a second EU membership referendum June 29, 2016 That petition for a second EU referendum may have passed the four million mark, but new research has suggested that the majority of Britons would rather not do it all again. A poll by YouGov and Channel 5 found 58 per cent are against a second referendum on Britain's membership of the EU, while 31 per cent [...]
JP Morgan: Yep, Scotland will vote for independence – probably before 2019 June 29, 2016 Everyone was thinking it, but now investment banking goliath JP Morgan has actually come out and said it: Scotland is going to vote for independence from the UK – probably before 2019. In a note in which he set out how he sees Brexit working, analyst Malcolm Barr said JP Morgan's base case was that Scotland will vote for [...]
Shadow education secretary Pat Glass has resigned from Labour’s shadow cabinet after 48 hours in the job June 29, 2016 The mass exodus of Labour's shadow cabinet took a(nother) farcical turn today, after shadow education secretary Pat Glass stepped down – after just two days in the job. Today Glass, who was appointed on Monday, tweeted: "It is with a heavy heart that I have today resigned as Shadow SoS [secretary of state] Education. My dream [...]
Work and pensions minister Stephen Crabb becomes the first official candidate for Conservative leadership June 29, 2016 Work and Pensions minister Stephen Crabb has put forward his bid to become the leader of the Conservative party – making him the first person to launch an official bid to become the UK's next Prime Minister. At a press conference today, Crabb said the UK faces a "challenge of mind-boggling complexity". Crabb has teamed [...]
Vodafone might move its London HQ to Europe after Brexit June 29, 2016 One of the UK's largest employers has suggested it may consider moving its global headquarters out of London after the Brexit vote. Vodafone Group, the parent company of Vodafone, which has more than 100,000 employees around the world, said it was "not yet possible to draw any firm conclusions regarding the long-term location for the [...]
UK house prices rose in June – but will Brexit hit house prices? Three experts give their view June 29, 2016 It seems the nation's house buyers were unperturbed at the prospect of a Brexit vote, after new figures showed house prices rose in June – despite warnings by the chancellor. Figures from Nationwide this morning showed prices crept up 0.2 per cent in June, or 5.1 per cent in the year to the end of [...]
City A.M. podcast: After the Brexit vote, what next for the UK economy? June 29, 2016 The die has been cast, and the UK has voted in favour of Brexit. What next for politicians? In a special edition of City AM's podcast, City A.M. digital editor Emma Haslett is joined in the studio by editor Christian May, and guests Jimmy McLoughlin, head of external affairs at the Institute of Directors and [...]
