Khan: Remain campaign must make patriotic case for EU May 26, 2016 With four weeks until polling day, Sadiq Khan has made his first intervention into the EU referendum debate since becoming mayor of London, calling for a patriotic case to Remain. In a speech in the east London Tech City development, Khan admitted that the debate on EU membership had become too dominated by potential risks. [...]
McPhail escalates pensions transfer campaign May 26, 2016 Hargreaves Lansdown has stepped up its campaign for a seven-day switching programme, with a letter to business secretary Sajid Javid and city minister Harriet Baldwin. In the letter, seen by City A.M., Hargreaves Lansdown's head of retirement policy Tom McPhail calls upon the government to mandate a maximum of seven days to transfer a customer's [...]
Brexit campaigners need to remember, “its the economy, stupid!” May 25, 2016 Less than 30 days to go, and Boris Johnson has been speeding around in a sports car to over engineer a “take back control” metaphor while Nigel has been doing his latest man of the people act outside a pie and mash Café in Essex. Photo opportunities can, of course, make or break any campaign – [...]
George Osborne rated as a natural leader by just two per cent of the British public, according to survey May 25, 2016 Just two per cent of Britons believe that chancellor George Osborne is a natural leader, and just over one in 10 believe he would be up to succeeding David Cameron as Prime Minister. The public slammed Osborne in a survey by YouGov for the Times, which revealed the chancellor's ratings contrast poorly with that of former London mayor Boris Johnson. [...]
Revealed: The sums behind Khan’s backing of the Garden Bridge May 25, 2016 London Mayor Sadiq Khan has claimed that cancelling a controversial Garden Bridge across the Thames would cost more than completing the project. Speaking at Mayor's Question Time for the first time since his election, Khan said that almost £40m of public funds have already been spent by the Garden Bridge Trust. Of a total of [...]
Pension providers must commit to seven day savings transfers, says Hargreaves Lansdown May 24, 2016 Hargreaves Lansdown has called on the pensions industry to rediscover its momentum in reducing pension transfer times, but warned that policymakers should also stand ready to mandate progress. Average pension transfer times have dramatically fallen from 50 days to between 10 and 12 days over the last six years, thanks to industry initiatives. However, Hargreaves [...]
BoE adviser: post-Brexit UK would be “thoroughly investable” May 24, 2016 Fears around Brexit are unlikely to deter investors in the UK, according to an external member of the Bank of England's Financial Policy Committee. Addressing Parliament's Treasury Committee earlier today, FPC member Richard Sharp today said that he held concerns around assumptions used in the Monetary Policy Committee's most recent inflation report. “Having looked at some [...]
New broadband entitlements “embarassing” to tech entrepreneurs says Lib Dem peer May 24, 2016 New plans to introduce a right to high-speed broadband service for citizens and businesses fall “embarrassingly” short, according to the Liberal Democrats. Last week's Queen's Speech saw the Government pledge to introduce a new Broadband Universal Service Obligation, giving citizens and businesses the legal right to a fast broadband connection of at least 10Mbps a [...]
The bosses of eight challenger banks have slammed the CMA for failing to push for change on capital requirements May 24, 2016 Chief executives from eight challenger banks have slammed the Competition and Markets Authority (CMA) for failing to look at the capital requirements on small lenders. The CMA's report into the retail banking sector, published last week, called on banks to set maximum monthly charges for unauthorised overdrafts and to ease the process of switching current [...]
London Mayor has announced a raft of new deputy mayors, focusing on housing, transport and policing May 24, 2016 NULL