Transport secretary Chris Grayling is plotting to crack open Network Rail’s monopoly November 20, 2016 Transport secretary Chris Grayling will lay out plans to to break up Network Rail's grip on the UK's rail infrastructure within weeks. Grayling wants to end the state-owned firm's monopoly on repair and upgrade to tracks and signalling, and has commanded officials to investigate how to introduce competition. Westminster insiders describe the scheme as “bringing [...]
May risks return to “picking winners” former BoE deputy governor warns, days before MPs grill Arm Holdings November 20, 2016 Bank of England deputy governor Sir Charlie Bean has raised concerns over Theresa May's desire to intervene in the UK's economy, just days before MPs grill the British firm at the heart of a £24bn foreign takeover backed by the Prime Minister. Bean, who served as deputy governor from 2008 to 2014, told City A.M. that he held [...]
Sadiq Khan is facing more pressure over his controversial new Night Tsar November 18, 2016 London Assembly Tories are heaping fresh pressure on mayor Sadiq Khan over the controversial appointment of his new Night Tsar by demanding the chance to grill Amy Lame over her new role. Khan has already had to defend the appointment after Assembly Members raised questions over controversial comments made by Lame on Twitter. The mayor stressed on [...]
The CBI has been accused of “hypocrisy” over staff diversity by a centre-right think tank November 18, 2016 A blazing row has broken out over diversity in business after think tank Policy Exchange branded the CBI “hypocritical” for its failure to employ a single non-white director. The think tank, which was credited with many of the central themes behind David Cameron's premiership, blasted the business group as part of a new report into [...]
Chancellor Philip Hammond has been urged to show caution in an Autumn Statement infrastructure splurge November 18, 2016 Chancellor Philip Hammond has been urged to use caution in backing public infrastructure spending in next week's Autumn Statement. Speculation is rife that Hammond will use his first fiscal event to announce new road and rail projects. However, think tank Centre for Policy Studies warned that 90 per cent of large infrastructure projects are over budget, [...]
London’s Brexit wish-list must include rules allowing entry for migrants without jobs, according to Assembly Members November 17, 2016 New immigration rules must not prevent people without job offers entering the country, according to London Assembly Members, who have drawn up a post-Brexit wish list for the capital and the Square Mile. While Theresa May has suggested new restrictions will be a key part of any divorce terms negotiated with the EU, chancellor Philip [...]
House of Lords warned: Behave over Brexit, or see your power restricted November 17, 2016 The government has warned the House of Lords to toe the line on Brexit, or face revived plans to limit the powers of peers. A minister today revealed it would instead ask peers undertake “self-regulation”, but warned them over rebelling against Brexit in particular. Former prime minister David Cameron launched plans to limit peers after the House of [...]
Chaotic Brexit planning has cost Tories’ “party of business” mantle, Labour business minister claims November 17, 2016 Labour's shadow business secretary will today accuse Conservatives of giving up their mantle as the party of business, hitting out over chaotic Brexit planning. Speaking at the Royal Society of Chemistry today, Clive Lewis will promise businesses a clear industrial strategy, led by an ambitious goal on renewables. Lewis will commit Labour to a goal of [...]
May must scrap “counterproductive” plans to limit immigration says radical free market think tank November 17, 2016 Theresa May has been urged to scrap “counterproductive” moves to limit migration in the aftermath of the Brexit referendum, despite public support for reform. Radical think tank the Institute for Economic Affairs is pushing the Prime Minister to retain freedom of movement in a bid to boost the British economy. May has made it clear [...]
An ex-White House adviser and two banking bosses have been recruited to join Liam Fox’s trade ministry November 17, 2016 A former adviser to George W. Bush and two senior bankers have been recruited to advise Liam Fox's trade ministry, following former IoD director general Simon Walker. Walker's appointment emerged last month, but now City A.M. can reveal three further non-exec hires at the government department. Former Bush adviser and economist Pippa Malmgren leads the [...]
