After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Remortgaging in May was at its highest level since 2008 – but experts predict Brexit woes will hang over the market until aumtumn June 29, 2016 Remortgaging hit £5bn in May, the highest value for May since 2008, according to research released today. At 32,334, the number of remortgage loans was 31 per cent higher in May than in the same month last year, according to research from Legal Marketing Services (LMS). The average amount of equity withdrawn was £33,600, up 43 per [...]
Danny Blanchflower quits Labour’s economic advisory council June 28, 2016 Top economist Danny Blanchflower has resigned from Labour's economic advisory council. Announcing his resignation on Twitter, the former monetary policy committee member said he's winding up the review of the Bank of England too. In light of recent developments I have decided to resign from the Economic Advisory Council and wind up the review of the Bank [...]
Britain said no to free movement and a Norway-style relationship – but we can still make a liberal Brexit work June 28, 2016 The consequences of the Brexit vote have been brutal for the political establishment. And rightly so given the shock result we saw last week. It highlighted a chasm between the accepted wisdom of Westminster and the position of the majority of people in Britain, and the verdict resets political and policy debates in a number of [...]
Mary Francis joins Barclays as a non-executive director June 28, 2016 A former senior independent director of Centrica has today been appointed a non-executive director at Barclays. Mary Francis, who is currently serving on the board at Swiss Re Group and has previously held non-executive positions at Aviva, Cable & Wireless Communications, the Bank of England and Alliance & Leicester, will join the board of the bank at [...]
Q&A: Should we worry about the UK losing its AAA credit rating? June 28, 2016 The UK suffered the embarrassment of a downgrade to its credit rating from not just one, but two of the leading agencies yesterday. Standard and Poor's (S&P) stripped the UK government of its gold standard triple-A rating, while Fitch also knocked a notch from its rating. Treasury debt is now graded as double-A, the third [...]
Now London must “take back control”, says London mayor Sadiq Khan June 28, 2016 Following the UK's vote to leave the EU, Sadiq Khan has said that the capital needs to "take back control" to protect "jobs, wealth and prosperity". Speaking among business leaders to demand more autonomy for London, Khan said that further devolution would be to the benefit of the whole country. "As much as I might like the [...]
Mervyn King says Treasury’s exaggerated Brexit claims backfired June 27, 2016 The former governor of the Bank of England yesterday slammed George Osborne and his Treasury team over their Brexit campaign. And Lord Mervyn King said they would now need to row back from exaggerated claims that left him “baffled”. “I think the government said things it is not easy to sustain or support. If the [...]
Brexit has turned everything on its head – and now business needs to take charge of the debate June 27, 2016 City firms and the wider business community should be throwing themselves into policy and campaign design in order to persuade open-minded Tory party leadership candidates of the sort of tax and regulatory framework they need to thrive outside the EU. Many businesses will be unhappy with last week’s result, but they now have the opportunity [...]
David Cameron has said that Britain is in “a position of strength” to handle the aftermath of last week’s Brexit vote June 27, 2016 Prime minister David Cameron has sought issue reassurances on the UK's strength after markets have continued to struggle on the second day of trading since the vote to leave the EU. Speaking in the House of Commons, yesterday, Cameron said that Britain is in “a position of strength” as it seeks to confront the fallout from the vote to [...]
EU Referendum: Ukip donor Arron Banks “apologises” after celebs hit out at Leave.EU for taking comments out of context to boost Brexit campaign June 27, 2016 Leave.EU co-chairman Arron Banks doesn't mince his words. The Brexiteer extended his "heartfelt apologies" to everyone from the Electoral Commission to Victoria Beckham after campaigners were accused of taking statements out of context to persuade Britons to vote to leave the European Union. "Leave.EU has upset quite a few people", said a statement seen by City A.M. on Monday. "So [...]