Consumer group calls on car manufacturers to recall faulty models September 10, 2019 Some of the UK’s most popular car models are among the least reliable and could leave motorists facing mechanical failures and potentially high repair bills, new research has found. Consumer rights group Which said it has uncovered “inherent flaws” in some vehicles made by carmakers including Nissan, Seat, and Tesla, and called on manufacturers to [...]
Duty-free shopping to be reintroduced on EU trips in event of no-deal Brexit September 10, 2019 Duty-free shopping is set to make a return if Britain leaves the EU without a deal, chancellor Sajid Javid will announce later today. Brits travelling to EU countries after a no-deal Brexit will be able to buy alcohol and tobacco without duty being applied in the UK, due to the lifting of EU regulations. “As [...]
Theresa May’s Brexit negotiator Olly Robbins set to join Goldman Sachs September 9, 2019 Theresa May’s former Brexit negotiator will join the investment bank Goldman Sachs it was revealed today, months after the deal that he worked on was rejected by the Commons. Olly Robbins will start as a managing director for the firm’s investment banking division. Read more: Bercow’s controversial tenure comes to an end as he pledges [...]
Brexit: MPs vote to publish Downing Street team’s prorogation messages September 9, 2019 Government officials may be forced to hand over reams of private and personal communications, after MPs voted to back a motion put forward by Dominic Grieve tonight. Grieve, a former attorney general and bete noire for Number 10, told colleagues he had deployed the highly unusual method to seize texts, WhatsApp messages and emails to [...]
Treasury refuses MPs’ demands to publish Bank of England governor shortlist September 9, 2019 The Treasury has refused the demands of opposition MPs to publish the shortlist of candidates to be the next Bank of England governor, saying it “would not be appropriate” to name names. Read more: Mark Carney misses cut for IMF top job shortlist A group of 28 opposition MPs today called on chancellor Sajid Javid [...]
Speaker pledges to step down on another dramatic day in Westminster September 9, 2019 Speaker John Bercow has confirmed he will stand down as early as tonight, and had a message for those working in Westminster: “We degrade parliament at our own peril”. Intervening in what promises to be a busy afternoon and evening, Bercow told MPs that he would stand down on Monday night if MPs backed Boris [...]
London VC 4BIO raises first tranche of new $150m advanced therapies fund September 9, 2019 London-based venture capital firm 4BIO has completed the first round of fundraising for a new fund focused on the advanced therapies sector, which uses stem cells, genes and tissues to treat chronic medical conditions. 4BIO said the first tranche had attracted over $50m (£40.4m) of capital. The firm is hoping to raise $150m of capital [...]
Brexit latest: Parliament to be prorogued tonight, PM’s spokesman confirms September 9, 2019 Parliament will be prorogued today, the Prime Minister’s spokesman has confirmed. Boris Johnson, who is currently in Dublin meeting with Taoiseach Leo Varadkar, is due to return to Westminster to open the debate this evening, as he seeks parliamentary approval for a general election for the second time in a week. After this vote, which [...]
Global temperature changes top list of extreme risks for investors September 9, 2019 Global temperature changes have become the top extreme risk for investors, according to a new index of the greatest threats to world economic growth in 2019. Weather hazards, a collapse in global trade and cyber warfare were ranked as the greatest risks in a report that categorises rare events which could have a high impact [...]
UK economy shakes off recession fears with growth in July September 9, 2019 The UK economy grew by more than expected in July, official figures have shown, allaying fears that Britain could be heading for a recession. Read more: Into the red: UK economy shrinks for first time in seven years British GDP expanded by 0.3 per cent month on month in July, after stagnating in June. Economists [...]