Chancellor Philip Hammond is reportedly considering an early sale of the government’s remaining Lloyds Bank shares July 17, 2016 Chancellor Philip Hammond may be weighing a rapid sale of government holdings in Lloyds, despite the fact that shares in the bank remain almost 25 per cent below a previously estimated break-even price. Hammond, who was Prime Minister Theresa May's first appointment last week, is reportedly considering early sales for the bank shares. Lloyds shares [...]
Labour’s Owen Smith promises £200bn infrastructure fund as he attacks Jeremy Corbyn for “posturing” July 17, 2016 Labour leadership challenger Owen Smith has promised to create a £200bn infrastructure fund as part of a "British New Deal" and accused current leader Jeremy Corbyn of "posturing". Formally launching his campaign to replace Corbyn in his constituency of Pontypridd, Smith said the money would go towards physical and social projects, including hospitals and roads, as well [...]
Britain’s biggest trade union has voted for mandatory re-selection for Labour MPs July 14, 2016 Britain's biggest union has passed a motion declaring that Labour MPs should face mandatory re-selection votes at the end of each parliament. At the union's policy conference in Brighton, Unite members backed a motion which accused both “right-wing Labour MPs” and hostile media for attempts to remove Labour leader Jeremy Corbyn. "MPs have not got 'jobs for [...]
London mayor Sadiq Khan’s plans to pedestrianise Oxford Street by 2020 need more detail, say critics July 14, 2016 Plans to pedestrianise Oxford Street within four years have been given a mixed reception by campaigners, who say City Hall needs to release more details. London mayor Sadiq Khan plans to pedestrianise the stretch from Tottenham Court Road to Bond Street as part of his plans to tackle air quality. And this week, London deputy mayor [...]
May embarks on government restructure to create a new business, energy and industrial strategy department July 14, 2016 Prime Ministry Theresa May has made a major restructure of government, bringing together two substantial departments to create the single office for Business, Energy and Industrial Strategy. The move means that the old departments of Business, Innovation and Skills and Energy and Climate Change have effectively been merged. The new office will be led by [...]
Now arriving in Downing Street: Who has Theresa May appointed to her first cabinet? July 14, 2016 New Prime Minister Theresa May has continued to build her first government, with a raft of key appointments. With Boris Johnson, David Davis and Liam Fox among the key arrivals yesterday, and a brutal purge kicking off this morning, who has May appointed across her cabinet today? Greg Clark takes on the new BEIS, swapping [...]
New chancellor Philip Hammond must not treat pensions like a political football July 14, 2016 As chancellor, George Osborne presided over one of the most radical periods of reform for pensions. The direction of pension policy was tightly controlled by Treasury. Very few people saw it coming when the chancellor announced in his March 2014 budget speech that he would give ‘freedom and choice for all’ in how people take [...]
In her first speech as Prime Minister, Theresa May has promised tackle “burning injustice” and fight for all of Britain July 13, 2016 Theresa May has made a bold commitment to social justice in her first speech as Prime Minister, promising to fight for all of Britain. Speaking on the steps of 10 Downing Street, May sought to address people who she said were "just managing". "When we take the big calls, we will think not of the powerful, but [...]
Theresa May has been confirmed as the UK’s Prime Minister after meeting the Queen earlier today July 13, 2016 Theresa May has been officially confirmed as the UK's new prime minister after she met the Queen earlier today. Former Prime Minister David Cameron visited Buckingham Palace to formally tender his resignation earlier, after making an emotional speech on the steps of 10 Downing Street. The Queen received in audience Theresa May and requested her [...]
David Cameron pays tribute to the armed forces as he leaves Downing Street for the final time July 13, 2016 In his final address as Prime Minister, David Cameron has paid tribute to the work of Britain's armed forces and volunteers as he reflected on the achievements of his government, before heading to Buckingham Palace to formally tender his resignation. Cameron will be replaced as Prime Minister by Theresa May later today. “The spirit of [...]
