Former Australian Prime Minister Tony Abbott: mass migration is a “wicked problem” October 27, 2015 In a surprising intervention tonight, former Australian Prime Minister Tony Abbott has told a City audience that mass migration to Europe is a “wicked problem” and advocated for further military intervention in Syria and Iraq. In a speech commemorating Margaret Thatcher at Guild Hall, Abbott said that “no country or continent can open its borders to [...]
Number 10 announces a new review led by Lord Strathclyde into the House of Lords October 27, 2015 The government has announced new details of a review into the role of the House of Lords, following peers' votes last night to delay the implementation of tax credit cuts. A Number 10 spokesperson said tonight that the government is "setting up a review to examine how to protect the ability of elected governments to secure their [...]
Metro Bank doubles its lending as it prepares for an IPO October 27, 2015 Leading challenger Metro Bank said today that its lending had more than doubled in the last 12 months, with similarly strong growth in deposits and customer accounts, as it announced its third-quarter results ahead of an expected initial public offering (IPO). Metro Bank, which has been in business since 2010, said today that it "continues to target" a listing [...]
Hammersmith & Fulham, Kensington & Chelsea, Westminster, Wandsworth and Camden most prosperous parts of UK – but Outer Hebrides is the happiest October 27, 2015 Londoners may have to put up with crowded commutes, overpriced properties and a complete misunderstanding of the phrase "work-life balance" but naysayers be warned: the capital's residents have just been named the most prosperous in the UK. Topping the list of 170 places in the UK are Hammersmith & Fulham and Kensington & Chelsea followed by Westminster, [...]
Preaching to the choir? Jeremy Corbyn brands Conservatives “poverty deniers” at TUC conference October 27, 2015 Union leaders are singing the praises of newly-elected Labour leader Jeremy Corbyn after he used one of his first public appearances as party leader to call the Conservatives “poverty deniers” who spend “billions” cutting taxes for the rich. Corbyn – who has avoided media interviews and has yet to speak in the House of [...]
Tax credit changes: House of Lords slams government by voting twice to delay tax credit cuts October 26, 2015 In a move that Downing Street has accused of breaking convention, the House of Lords has twice voted to delay the implementation of the government's controversial tax credit cuts, backing amendments from both Labour peer Baroness Hollis and crossbench peer Baroness Meacher. Baroness Hollis's amendment, which passed 289 to 272, required a three-year "transitional period" with "full protection" for [...]
Tax credit changes: the four ways the House of Lords could vote today October 26, 2015 The government's plans to cut tax credits will face their fiercest opposition yet today as peers consider killing the reforms. The House of Lords is set to debate and vote on four amendments this afternoon to the proposed cuts to in-work benefits, including a “fatal motion” which could stop the cuts altogether but trigger a [...]
Recruiters are more likely to be hit hard by late payments and wait more than twice as long to be paid October 26, 2015 Recruitment firms are waiting more than twice as long as the average British company to be paid by their clients, according to a new report out today from the commercial law firm EMW. According to EMW, recruiters have to wait 56 days, on average, to be paid for their services, compared to the average UK [...]
Tax credit changes: Chancellor George Osborne braces for House of Lords row October 26, 2015 Chancellor George Osborne’s plans to cut tax credits are expected to face their fiercest opposition yet today as peers consider killing the reforms. The House of Lords is set to debate and vote on three amendments to the proposed cuts to in-work benefits, including a “fatal motion” which would stop the legislation from going into effect. [...]
Analysts expect RBS to announce more growth in capital buffers this week October 25, 2015 Royal Bank of Scotland (RBS) is expected to announce further growth in its core capital buffers later this week, fuelling speculation over when the bank will pay its first dividend since the financial crisis. Analysts at Bernstein Research expect RBS to announce on Friday that its core capital buffers grew to 12.6 per cent in [...]
