London mayoral election 2016: Conservative candidate Zac Goldsmith says he will reveal his tax returns if Labour candidate Sadiq Khan and others do the same February 17, 2016 Conservative mayoral candidate Zac Goldsmith has said he will publish his tax returns in the run-up to May's City Hall election, after being questioned on his previous "non dom" status. "Of course I will," Goldsmith said last night on the BBC when asked if he would reveal his tax records. "I think all candidates should in [...]
Applications open: You can submit your CV to replace Andrew Bailey as deputy governor at the Bank of England February 17, 2016 The Bank of England is officially looking for Mark Carney's new right-hand man (or woman) – and anyone can apply. That's right. There is now a public listing on the Cabinet Office website looking for the next deputy governor for prudential regulation. Applicants can submit a CV and a covering letter to the Treasury making their case for [...]
Policy Exchange: The mayor of London should be able to convert unused car parks and warehouses into 21,000 new homes each year February 17, 2016 London's mayor should be given fresh powers to redevelop rarely-used commercial properties in order to build tens of thousands of new homes, a leading think tank has argued in a new paper out today. Policy Exchange, which has close ties to the Conservative party, says current planning rules should be re-written to allow the mayor [...]
EU referendum: BT chairman Sir Mike Rake says British voters will choose to remain in the European Union as he takes up role at the International Chamber of Commerce February 17, 2016 Sir Mike Rake, who chairs both telecoms giant BT Group and the payment processing company Worldpay, has said that he expects Britain to remain in the European Union, even if the forthcoming EU referendum proves to be a closely-contested vote. “If common sense prevails and the facts can be got in the public domain, the [...]
EU referendum: Eastern European countries and European Parliament deal David Cameron a double-blow as CBI and BCC polling show UK businesses more likely to back Remain camp February 17, 2016 Prime Minister David Cameron suffered a setback in his efforts to strike a deal with European leaders yesterday, as four eastern European prime ministers raised red flags over the UK’s EU reform agenda. Speaking after a meeting with European Council President Donald Tusk, Czech prime minister Bohuslav Sobotka said the so-called Visegrad Four – Poland, [...]
Standard Chartered share price: Investec analysts downgrade bank stock after just two days following share price rally February 16, 2016 Investec has downgraded Standard Chartered to a “hold” rating just two days after upgrading the lender to a buy, after shares in the Asia-facing bank rallied by more than 17 per cent in just two working days. Standard Chartered has struggled since the start of the year, with shares tumbling by over 20 per cent. [...]
London mayoral election 2016: Liberal Democrat candidate Caroline Pidgeon talks childcare, Tube and bus fares, congestion charge, airport expansion February 16, 2016 As the Liberal Democrat candidate for mayor of London, Caroline Pidgeon dismisses suggestions that the contest to replace Boris Johnson in City Hall is a two-horse race between Labour hopeful Sadiq Khan and Conservative candidate Zac Goldsmith. But she does not shy away from slamming the front-runners for being too self-important in their efforts to become [...]
EU referendum: Manufacturers warn Brexit would be “lose-lose” for EU exporters as Capital Economics says Brexit could cause “significant damage” for EU economies February 15, 2016 A top economist warned today that Britain leaving the European Union could wreak "significant" damage on EU economies. In a client note published earlier today, Jennifer McKeown, senior European economist at Capital Economics, said that while a so-called Brexit would have only "small" costs or benefits for the UK over the medium term, a British exit [...]
Banking experts hit back at claims from Sir John Vickers that the Bank of England is not forcing lenders to hold enough money in capital buffers February 15, 2016 Banking experts have questioned Sir John Vickers’s claims that the Bank of England is not doing enough to shore up the British banking industry, saying more capital requirements for lenders would hurt the real economy. Vickers, who led the Independent Commission on Banking (ICB), told the BBC this morning that the Bank “might want to [...]
Treasury is saddling British businesses with £29bn in extra costs from National Living Wage (NLW), apprenticeship levy and business rates – Confederation of British Industry (CBI) February 15, 2016 British businesses will be hit with a bill for almost £30bn in additional costs as a result of government policies including the National Living Wage (NLW) and the apprenticeship levy. The flagship schemes, along with the existing business rates regime, will cost British businesses around £9bn every year by 2020-21, according to new analysis out [...]
