The Treasury is now refusing to commit to a £9 hourly living wage by 2020 November 28, 2016 The Treasury is refusing to commit to a £9 national living wage within four years, just days after the OBR downgraded its forecasts for UK growth. The OBR predicted that the UK would need £60bn of extra borrowing over five years, and warned that earnings are no longer expected to reach the levels needed to [...]
Firms would be “foolish” to defend the status quo on salaries according to outgoing IoD boss Simon Walker November 28, 2016 Outgoing Institute of Directors boss Simon Walker is to warn that employers should not try to fight Theresa May's plans to clamp down on executive salaries. Business secretary Greg Clark will formally launch a government paper on corporate governance tomorrow, with proposals expected to include a requirement for large, public firms to publish pay ratios [...]
£60bn is a bargain for Brexit says former BCC boss John Longworth November 28, 2016 A forecast £60bn hit to the UK's finances would still represent a good deal for Brexit, according to former British Chambers of Commerce boss John Longworth. The Office for Budget Responsibility predicted the Brexit blow in figures published as part of the Autumn Statement, warning the UK would have to borrow £60bn over five years [...]
May to lead “historic” summit with Polish government November 28, 2016 Prime Minister Theresa May will today welcome her Polish opposite number to London at the start of what Downing Street is branding a “historic” cross-government summit. May will host Prime Minister Beata Szydlo for talks on Brexit and defence co-operation, while senior ministers from both sides will also meet at Lancaster House. British ministers expected to [...]
Theresa May kicks off bid to slash top dog pay November 27, 2016 The government will tomorrow launch its overhaul of executive pay as Prime Minister Theresa May looks to stamp her authority on City boardrooms despite warnings from business groups that she should not adopt an approach that is too hardline. After U-turning on her campaign pledge to put workers on boards, May will press ahead with [...]
Tata could commit to the future of the embattled Port Talbot steelworks within weeks November 27, 2016 Tata is expected to commit to the future of embattled steelworks in Port Talbot within weeks, with hopes rising of a flush of investment for the site. The Indian conglomerate has been considering the future of the British steel operation for most of 2016, with a mooted joint-venture with ThyssenKrupp under exploration since July. But [...]
The Bank of England’s Brexit strains have been laid bare November 27, 2016 Minutes from a meeting of Bank of England bosses have revealed that the UK's decision to quit the EU has piled on the work for central bankers. The Court of Directors, which oversees the Bank's work, met in September to discuss Brexit, among other issues, with directors asking about funding for extra research. Read More: Mark Carney has [...]
#SorryNotSorry : Read Night Tsar Amy Lame’s “gritted teeth” apology November 24, 2016 London's new night tsar Amy Lame has risked a fresh backlash by issuing a half-hearted apology to Tory councillors over her controversial comments on social media. Questions have been raised over Lame's appointment by her use of Twitter to brand Scottish Tory leader Ruth Davidson “scum”, celebrate the death of Margaret Thatcher and fantasise about “bitch-slapping” David [...]
Ukip fell behind the BNP in the latest donations figures November 24, 2016 Ukip has experienced a staggering reduction in political donations since the European referendum, with new figures showing it has received less financial support than the British National Party. Nigel Farage's party received just £42,943 according to the most recent quarterly numbers from the Electoral Commission. It means the party received less than half the donations [...]
