Labour’s shadow chancellor John McDonnell takes a swipe at the City over passporting rights October 17, 2016 John McDonnell has criticised speculation that the government is considering continuing to pay some contributions to the EU, to maintain “passporting rights” for City firms and other sectors. These would allow the companies to continue trading across the continent. Britain has voted to leave the EU, it has not voted for paying huge fees for [...]
Former leadership hopeful Steven Woolfe quits ‘ungovernable’ Ukip October 17, 2016 Ukip's Steven Woolfe has announced he is quitting the party, deeming it "ungovernable". Woolfe said the party "lacks direction, it lacks a purpose and it lacks any semblance of professional organisation". He said he will now sit as an independent MEP in the European Parliament. [infographic id="922"] Earlier today, party chairman Paul Oakden said Ukip may [...]
UK firms could face £122bn in cyber security fines in 2018 October 17, 2016 Businesses across the UK could face up to £122bn in regulatory penalties for cyber security breaches when new EU legislation comes into effect in 2018. Last year, 90 per cent of large organisations and 74 per cent of SMEs reported suffering a security breach, according to a government survey. That added up to an estimated total of [...]
Outgoing Institute of Directors boss Simon Walker sounded out for role on trade department board October 17, 2016 The outgoing director general of the Institute of Directors (IoD) could soon be joining the board of the new International Trade ministry. According to Sky News, Walker was approached about becoming a non-executive director for the department for international trade, a new Whitehall department established by the Prime Minister, with Liam Fox at the helm. Read more: IoD [...]
RMT turns down ‘bribe’ from Southern as next three-day strike goes ahead October 17, 2016 Southern’s latest attempt to bring an end to ongoing strike action has been promptly rebuffed by the Rail Maritime and Transport union (RMT). Southern’s last roll of the dice before train guards walk out on another three-day strike at midnight, was putting a lump sum of £2,000 back on the table earlier today. Southern owner Govia Thameslink [...]
BoyleSports is taking its concerns over the Ladbrokes and Gala Coral sale to the CMA October 17, 2016 BoyleSports isn't very happy with the announcement that Ladbrokes and Gala Coral are selling 359 betting shops to Betfred and Stan James. In fact, it plans to take its concerns to the Competition and Markets Authority (CMA) and review its options on what the next steps are, after its bid for the shops was unsuccessful. Read [...]
This animation sums up Gatwick’s biggest advantage over Heathrow in the battle over airport expansion October 17, 2016 An airport expansion decision is due by the end of October and with Theresa May's cabinet committee on airport expansion meeting tomorrow, Gatwick has launched a last-ditch attempt to prove its credentials. The airport has created animations comparing the number of people who would be flown over with a new runway and it says Heathrow impacts [...]
Meet the woman who wants to make the private jet market greener October 17, 2016 From bouts of turbulence to nightmare passengers, air stewardesses have to cope with their fair share of challenges on a daily basis. “You learn to keep a smile on your face,” says Gabriella Somerville as we climb to 12,000 feet above the capital. The founder of private aviation firm ConnectJets – which manages private jet [...]
Interserve seals £37.5m account with Land Securities October 17, 2016 Interserve has won a three-year facilities management account with commercial property firm Land Securities, valued at £37.5m. The support services company announced it would be providing a range of services to Land Securities, including security, cleaning, customer service support and waste management. This would be across eight of its shopping centres, with a ninth – Westgate [...]
Young women are much more likely to be insolvent than young men October 17, 2016 Higher expenses are contributing to a far higher insolvency rate among young women than young men. According to accountancy firm Moore Stephens, women accounted for 65 per cent of personal insolvencies among the under-25s in the last year and 53 per cent of those among 25-34 year-olds. Read more: What does a gender pay gap [...]