Tory MPs are calling on Theresa May to appoint her first cabinet within the next ten days July 11, 2016 Theresa May must move as quickly as possible to appoint a new cabinet according to Tory MPs, after being left as the sole candidate to succeed Prime Minister David Cameron. Energy minister Andrea Leadsom, May's only rival for the job, withdrew earlier today. So grateful for all the support – I do believe my decision is in the best [...]
Labour and the Lib Dems are demanding an early general election after Theresa May was left as the only candidate to become the new Prime Minister July 11, 2016 Labour and the Liberal Democrats have reacted to the shock withdrawal of Andrea Leadsom from the Tory leadership contest by demanding an early general election. Leadsom's withdrawal earlier today left home secretary Theresa May as the only candidate to succeed David Cameron. Labour's election co-ordinator Jon Trickett said the news equated to the “coronation” of [...]
David Cameron has announced a new defence partnership with Boeing at the opening of the Farnborough Airshow July 11, 2016 David Cameron has appeared at the Farnborough Airshow to announce a deal with Boeing to create 2,000 new jobs in the UK. The US giant will also increase R&D spending, and work with the government to build a new £100m operational support and training base at RAF Lossiemouth in Scotland. Boeing will also increase bid [...]
The National Living Wage has led to hiked prices since its introduction in April, but there is little evidence of linked job losses July 11, 2016 The introduction of the national living wage has seen businesses hike their prices, according to a new study from the Resolution Foundation, but there is limited evidence of linked job losses. The living wage, which starts at £7.20 an hour, was introduced by George Osborne in the 2015 Budget, and came into force in April [...]
Coming To America: Osborne flies the flag for Britain on world tour as he seeks to bolster international trading relationships post-Brexit July 11, 2016 George Osborne is kicking off a post-referendum world tour with a declaration that “Britain will be a beacon for free trade…more open to the world than ever”. Writing in the Wall Street Journal ahead of visiting New York today, the chancellor says that he is determined “to build a more outward-looking, global-facing Britain, with stronger [...]
Theresa May is bidding to win the support of Tory members from today with pledges to tackle bad corporate governance July 11, 2016 Theresa May will tomorrow begin her efforts to win over Conservative party members with promises to tackle big business and boost shareholder accountability. Speaking in Birmingham, May will promise to unite the party and offer strong leadership, while hitting out at failures in corporate governance. “The people who run big businesses are supposed to be [...]
RBS’ share price has been hit so badly by Brexit that UK taxpayers are currently sitting on a loss of £29bn July 10, 2016 UK taxpayers are sitting on a huge loss on RBS stock, with the bank's share price plummeting by more than 40 per cent since the EU referendum. RBS shares closed last week at 168.8p, down by roughly a third on the 502p that Gordon Brown paid to save the bank in the 2008 crisis. It [...]
Driverless car buyers may need new insurance covering cyber-attacks, and even ransom, a new report has warned July 10, 2016 Driverless car users may need to find cover against a raft of new dangers, including ransom payments demanded by hackers. A new paper from motor insurer Axa has warned that the rise of autonomous vehicles could lead to cars being hacked to conduct criminal activity, or even to be used a weapon. Alternatively, drivers could [...]
Northern Powerhouse investment has been put at risk by the UK’s Brexit vote, according to a new report July 10, 2016 Government plans to build the Northern Powerhouse will be left on the brink of failure without boosted efforts to attract foreign investment, according to a new report. Chancellor George Osborne has been seeking to bridge the economic gap between London and the North since June 2014 when he announced the powerhouse agenda. However, according to [...]
Tory leadership contender and energy minister Andrea Leadsom has published her 2014/15 tax return July 10, 2016 Tory leadership contender Andrea Leadsom has published details of her tax affairs after becoming one of the final two candidates to succeed David Cameron. The figures prepared by Isis Accountants of Wellingborough show a total income of £83,930 for 2014/15, with £7,333 derived from dividends, tax credits and interest on top of her ministerial salary. [...]
