Bank of England chief economist says UK rate rise is on the horizon June 8, 2019 The Bank of England’s chief economist, Andy Haldane, has said the UK is nearing the time it will need to raise interest rates to keep inflation pressures in check. Haldane wrote in The Sun on Saturday that “a lost decade” of wage growth is coming to an end ahead of “steady if not spectacular” growth [...]
London Symphony Orchestra to kick off week of live music in the City June 8, 2019 The London Symphony Orchestra will kick off a week of live music in the City of London on Monday. The London Wall Place Partnership is set to host its second music festival, which celebrates London’s musicians, at its gardens in the middle of the Square Mile. Read more: Square Mile gears up for luxury summer [...]
Michael Gove ‘deeply regrets’ cocaine ‘mistake’ June 8, 2019 Tory leadership candidate Michael Gove has said he “deeply regrets” taking cocaine while working as a journalist more than 20 years ago. Speaking to the Daily Mail, he said he had taken the Class A drug at several “social events” during his days as a reporter. Read more: Johnson’s leadership campaign receives £50,000 from CMC [...]
US and Mexico sign agreement to tackle immigration and avoid tariffs, says Trump June 8, 2019 Mexico has reached an agreement with the US to tackle immigration after President Donald Trump threatened to introduce tariffs last month. Trump confirmed a deal had been agreed in a series of Tweets and said that tariffs would be “suspended indefinitely”. Read more:Dollar falls as US economy adds fewer jobs than expected He had threatened [...]
Boris Johnson’s leadership campaign receives £50,000 from CMC chief Cruddas June 7, 2019 Tory leadership candidate Boris Johnson has received a £50,000 donation to his campaign from CMC markets chief executive Peter Cruddas. Cruddas is one of the City’s leading figures and is the founder of the financial spread-betting firm CMC. Read more: Boris Johnson wins legal challenge against court summons He wrote the cheque for Johnson’s campaign [...]
MPs to question Huawei as part of investigation into 5G security risks June 7, 2019 MPs are set to question Huawei on Monday as part of an investigation into the security risks that the Chinese telecom giants could pose to the UK. A leak in April from the National Security Council meeting revealed that Theresa May had approved Huawei’s bid to help build Britain’s 5G network, despite the USA’s claims [...]
UK house prices grow at fastest rate for two years despite uncertainty June 7, 2019 UK house prices grew at their fastest rate for two years in May with an increase of 5.2 per cent year on year, according to new data released today. The value of the average UK home rose by 0.5 per cent from April to £237,837 last month, the Halifax House Price Index revealed, increasing by [...]
Canadian Grand Prix is Ferrari’s best chance to stop Mercedes’ streak after error-ridden start to season June 6, 2019 As they head into the seventh round of the Formula One season in Canada this weekend, Ferrari are already 118 points behind rivals Mercedes in the constructors’ standings. Pre-season expectations of competing for the world championship quickly came shuddering to a halt while an engine upgrade was fast-tracked to the Spanish Grand Prix last month. [...]
Rafa Nadal’s Roland Garros reign shows no signs of letting up ahead of Roger Federer clash June 6, 2019 If Rafa Nadal is to claim a 12th French Open on Sunday he will first have to beat old foe Roger Federer in Friday’s semi-final, as one of sport’s great rivalries gains yet another chapter. What was once a regular occurrence on the ATP Tour has now become a rare occasion, with the two titans [...]
Johanna Konta reaches French Open final four in style with remodelled clay game June 4, 2019 Sloane Stephens said that her two defeats to Johanna Konta earlier this year were “out of mind” ahead of their quarter-final clash at Roland Garros today. But as Konta raced to a 6-1, 6-4 win in just one hour 11 minutes, it appeared as though they were anything but. This is the first year that [...]
