International trade secretary Liam Fox has revealed plans for three new trade offices in the US July 26, 2016 Liam Fox has announced three new trade offices to be opened in the US in a bid to promote UK business across the country. The international trade secretary announced the new offices while visiting Chicago as part of a three stop US tour. Fox has already visited Washington, and will head to Los Angeles tomorrow [...]
Ladbrokes and Coral must sell off roughly 10 per cent of their joint empire to proceed with a long-planned merger July 26, 2016 Bookmakers Ladbrokes and Coral must sell up to 400 shops to proceed with a planned merger, the UK's competition watchdog has ruled. Ladbrokes and Gala Coral Group are the UK's second and third largest bookmakers by number of betting shops, operating a total of 4,000 shops across Great Britain, with a further 77 in Northern [...]
A group of Saudi, Emirati and British investors have reportedly tabled a $1.3bn bid for the iconic Grosvenor House and Plaza hotels July 26, 2016 One of London's most iconic hotels may be facing new ownership after a consortium of family offices from Saudi Arabia, the United Arab Emirates and the UK have tabled a $1.3bn (£989m) bid to acquire Grosvenor House Hotel and majority stakes in two New York sites. UK family office 3 Associates announced today that it had submitted an [...]
Sir Philip Green is threatening legal action against the chair of a parliamentary inquiry into the collapse of BHS July 25, 2016 Retail tycoon Sir Philip Green is threatening to sue work and pensions committee chair Frank Field over some of his comments relating to the collapse of BHS. Green has appointed law firm Schillings, who today wrote to Field demanding an apology within 24 hours. The lawyers claim Field accused Green of stealing money from the BHS and Arcadia pension funds in an [...]
A Labour MP has written to Jeremy Corbyn to withdraw her resignation from the party’s shadow cabinet July 25, 2016 A Labour MP has written to Jeremy Corbyn asking to be reinstated to the party's shadow cabinet just over a month after she declared the leader's role to be “untenable”. Sarah Champion quit her role as shadow home office minister for preventing abuse and domestic violence in late June. I have just stepped down from [...]
Labour councillors may back Owen Smith, but they believe local members will turn out for Jeremy Corbyn July 25, 2016 A new survey of Labour party councillors in marginal constituencies has found that while most back leadership challenger Owen Smith, many suspect their local members will not follow suit. In a survey of 350 Labour councillors across 250 marginal constituencies, Anglia Ruskin University found that 60 per cent backed Smith. By contrast, just 28 per [...]
Prime Minister Theresa May has sought to play down fears of a new hard border in Ireland in the aftermath of the Brexit vote July 25, 2016 Prime Minister Theresa May has sought to play down fears of a new hard border between Northern Ireland and the Republic of Ireland in her first visit to the country. Speaking in Belfast today, May said that while a border between the two will be inevitable, she was seeking a practical response to the new [...]
High stamp duty charges risk deterring labour market mobility among senior executives, according to a new analysis July 25, 2016 High stamp duty charges may be deterring senior executives from moving to the UK, according to a new study by UHY Hacker Young. In a study of equivalent tax regimes in 26 countries, the accountancy group found that the UK charges significantly higher taxes on personal property than many of its western European neighbours, and [...]
Prime Minister Theresa May will today head to Northern Ireland to talk Brexit with the country’s leaders July 25, 2016 Theresa May will today head to Belfast to meet Northern Irish leaders ahead of the UK's Brexit talks. May has already visited Edinburgh and Cardiff and will use the trip to stress plans to engage with the Stormont executive as Britain prepares to quit the EU. Speaking ahead of her visit, she said: “Peace and [...]
Former shadow chancellor Chris Leslie blasts “ludicrous” MI5 theories on Labour’s troubles July 24, 2016 Former shadow chancellor Chris Leslie has launched a scathing attack on a senior member of Labour's treasury team after they refused to rule out MI5 involvement in the party's troubles. Unite secretary general Len McCluskey suggested on Friday that intelligence services could be using “dark arts” against the current Labour leadership. Questioned on the comments on Sky News, [...]
