Labour hopefuls line up bids to replace Ed Miliband: Liz Kendall, Andy Burnham, Chuka Umunna and Yvette Cooper top contenders May 11, 2015 Liz Kendall yesterday became the first Labour MP to officially announce a campaign to succeed Ed Miliband as party leader. Kendall is a rising star in the party, impressing as a shadow health minister and in the media. Liz Kendall Chuka Umunna The charismatic and business-friendly Chuka Umunna is one of [...]
Lib Dem battle May 10, 2015 WITH NICK CLEGG RESIGNING LAST WEEK, THE PARTY MUST PICK A LEADER FROM A SMALL GROUP OF MPS TIM FARRON | THE CLEAR FAVOURITE The popular Lake District MP has long been seen as the leader-in-waiting to replace Nick Clegg, having served two terms as the party’s president. He has racked up the campaigning miles, [...]
Tax-and-spend plans: What to expect from the new Tory Treasury May 10, 2015 With the Conservative party winning a majority and George Osborne returning to his position as chancellor of the exchequer, the UK now faces another five years of Tory-led tax-and-spend plans. But without the competing visions of coalition partners, how will this Tory Treasury be different from that of the last government? When looking for answers, [...]
Nicola Sturgeon: SNP will be the main opposition to Conservatives May 10, 2015 Nicola Sturgeon rubbed salt into the Labour Party’s wounds yesterday, arguing that her Scottish National Party (SNP) is now the real opposition to the Conservative government. “Given that Labour are entering a period of introspection, questioning their very purpose in life – the SNP is going to be the principal opposition to the Conservatives,” she [...]
Outlook for UK wage growth still bleak despite rising job prospects May 10, 2015 Job prospects are improving but UK wage growth is likely to remain weak this year as companies continue to find no shortage of employees to recruit at current pay levels, the professional body for HR managers warned today. The Chartered Institute of Personnel and Development (CIPD), said falling inflation together with low job turnover and [...]
Most economists urge Bank of England: Keep rates anchored May 10, 2015 THE BANK of England will reveal its latest decision on interest rates today, having pushed back the announcement to avoid clashing with last week’s General Election. Threadneedle Street’s monetary policy committee (MPC) is widely expected to keep rates at their historical low of 0.5 per cent. Disappointing data from the Office for National Statistics, which [...]
Spending on Visa cards rises at fastest rate since November May 10, 2015 CONSUMER spending in April increased by its fastest rate since November, new figures show, as Britons splashed out more on going out and home improvements. Household spending increased two per cent in the year to April, and by 0.8 per cent on the month, according to Visa’s spending index published today. Bars, hotels and restaurants [...]
Barclays joins banks paying fines over forex-rigging scandal May 10, 2015 Barclays, RBS, JP Morgan and Citigroup are all expected to settle forex manipulation accusations with US regulators as soon as this week. Shares in the sector have been held down by uncertainty around the scale of the fines, which are expected to come in at around the £3bn mark. It comes six months [...]
RBS share price rise cuts losses as George Osborne considers bank sale May 10, 2015 George Osborne is considering selling some RBS shares this year even if the taxpayer makes a loss, as he runs out of patience with the bailed-out bank. The chancellor is understood to be weighing up the options for the future of the state-backed lender over the next two weeks. He has been buoyed by the [...]
Buyout group 3i grows appetite for Yo! Sushi May 10, 2015 Suitors circling Japanese restaurant chain Yo! Sushi have entered a second round of bidding, with private equity firm 3i understood to be one of the frontrunners in the race. Yo! Sushi’s private equity owner Quilvest hired bankers at Canaccord Genuity last year to explore a sale of the business, with a price tag of around [...]
