Star trader Rambourg set to launch Paris fund without Guy October 4, 2011 CONTROVERSIAL trader Guillaume Rambourg is planning to launch a hedge fund in Paris – but without his former business partner Roger Guy. Rambourg, who earlier this year was cleared by British regulators of breaking internal trading rules at Gartmore, will name the new fund Verrazzano, after the Verrazano-Narrows bridge that connects the New York boroughs [...]
Cameron will warn of long haul recovery October 4, 2011 DAVID Cameron will today set the stage for a long-haul recovery that might not materialise before the next election, as he tries to find reasons for optimism amid a gathering economic storm. Speaking on the last day of his party’s conference in Manchester, the Prime Minister will attempt to break a cycle of gloom that [...]
CONFERENCE WHISPERS October 4, 2011 The cat(s) that got the cream Cats abound at this year’s Tory conference. First Theresa May, the home secretary, used her speech to claim that a convicted Bolivian illegal immigrant had been allowed to stay in Britain because he owned a British pet cat. The delegates lapped up this tale of human rights madness, but [...]
More investment for London October 4, 2011 Boris Johnson, the London Mayor, yesterday called on the government to continue investing in the capital, which he said was the “locomotive” for the recovery in the UK. During his speech to the Tory conference, Johnson argued that other parts of the country – such as Manchester, where the Conservatives are meeting – relied on [...]
Prisoners must be put to work October 4, 2011 The government will put more prisoners to work in an attempt to rehabilitate a “growing feral underclass” blamed for the riots that swept through England two months ago, justice secretary Ken Clarke said yesterday. Clarke won backing for his plan from a group of business executives led by Sir Richard Branson, chairman of travel and [...]
Lansley defends NHS reforms October 4, 2011 Health secretary Andrew Lansley yesterday attempted to reassure critics of planned reforms to the National Health Service, promising they would mean “no decision about me without me” for UK patients. Lansley said Labour would have cut £30bn by 2015, whereas the Tories will be putting in £12bn. “While I am secretary of state, the NHS [...]
MEP: EU may force City tax October 4, 2011 AN EU-WIDE financial transactions tax could be introduced as a VAT measure, avoiding the UK’s veto on taxation, according to Conservative MEP Dr Kay Swinburne. She is reported to have told regulators at the Conservative party conference yesterday that MEPs, led by European tax commissioner Algirdas Semeta, had “already started work” on the proposals. That [...]
22 Tory MPs form group to fight anti-enterprise culture October 4, 2011 A NEW group of Conservative MPs launched last night to promote free enterprise and counter the widespread belief that the financial crisis was caused by too little regulation. The 22-strong group, put together on the initiative of Elizabeth Truss MP, aims to “make the case” for economic freedom. “Free enterprise has got a bad name [...]
Should the UK hold a referendum on staying in the European Union? October 4, 2011 At the Tory Party conference yesterday, Prime Minister David Cameron appeared to completely dismiss the idea of an in-out referendum on the UK’s role in the European Union. Cameron said: “I don’t think most people in the country want that choice between in or out.” But what do you think? This week our readers’ panel, in [...]
Pub landlady hits winner in football case October 4, 2011 A PUB landlady from Portsmouth yesterday won her legal bid to screen cheap foreign coverage of football matches, in a giant-killing feat to rival Wimbledon’s 1988 FA Cup final win over Liverpool. The European Court of Justice (ECJ) ruled that Karen Murphy should be allowed to use a Greek decoder to screen football matches. Murphy [...]
