Sajid Javid favourite to be axed from Conservative leadership race June 19, 2019 Home secretary Sajid Javid is the favourite to be eliminated from the Conservative leadership contest when MPs vote in the next ballot on Wednesday afternoon. Javid scraped into the third round of voting when he picked up the minimum 33 backers required in a ballot on Tuesday. The last of all the candidates to launch [...]
Raab backs Boris in Conservative leadership race June 19, 2019 Dominic Raab has thrown his weight behind Tory leadership contender Boris Johnson this morning. Having been knocked out of the race yesterday, the backbench MP has said today that he is supporting Johnson to become the next PM. Read more: Raab crashes out of Tory leadership race The endorsement further strengthens the chances of Johnson [...]
UK inflation rate hits Bank of England target: Will Carney raise rates? June 19, 2019 The UK’s Consumer Prices Index (CPI) inflation rate fell to two per cent in May, in line with the Bank of England’s target, the latest figures show. CPI inflation dropped to within the target range set by Bank boss Mark Carney from 2.1 per cent in April, the Office for National Statistics (ONS) said today. [...]
London property market drags down UK house prices June 19, 2019 UK house prices were dragged down by subdued demand in London last month, as buyer caution continued to linger in the capital during April. London witnessed the lowest annual growth out of any region, with prices falling by 1.2 per cent over the year to April 2019, up from a fall of 2.5 per cent [...]
Saga shares plunge on warning of fresh travel struggles June 19, 2019 Shares in Saga have fallen more than ten per cent this morning after the insurance and travel group warned its tour operations were set to take a hit. Ahead of its annual meeting later today, Saga warned of fresh travel struggles due to a competitive market and political uncertainties. Read more: End of the Saga [...]
Tory leadership hopefuls face new vote after TV clash June 19, 2019 The five remaining candidates in the Tory leadership race face another round of voting today, as MPs react to their performances in last night’s TV debate. Yesterday former Brexit secretary Dominic Raab was knocked out of the contest after he failed to secure the necessary 33 votes from MPs. The candidates now face a third [...]
Premier Inn owner Whitbread reports dwindling sales as Brexit uncertainty continues June 19, 2019 Premier Inn owner Whitbread reported dwindling accommodation sales in the first quarter due to ongoing Brexit uncertainty. The company, which has focused on its hotel business since selling Costa Coffee to Coca-Cola last year, said UK like-for-like accommodation sales growth fell 4.6 per cent. Read more: Premier Inn owner Whitbread warns over “acute political uncertainty” [...]
CYBG to rebrand as Virgin Money to ‘disrupt status quo’ of UK banking June 19, 2019 Clydesdale and Yorkshire bank owner CYBG will be renamed Virgin Money in a major rebranding to “disrupt the status quo” of UK banking. CYBG acquired Virgin Money last year in a £1.7bn deal and will now adopt its name across its business by the end of the year. Read more: CYBG shares jump as it [...]
Our pessimistic country needs a One Nation housing crusade June 19, 2019 It’s the political equivalent of playing Pac-Man, while nodding your mullet to Wham! – our housing policy seems stuck in the 1980s, like a Care Bear in a leg-warmer. The Conservative leadership candidates have all served as part of a government whose core housing strategy hails from that Duran Duran decade: subsidised social housing sell-offs [...]
Liam Fox: UK needs trade deal with Turkey June 18, 2019 Liam Fox has pledged to strengthen the UK’s ties with Turkey as he attempts to lay the path for a post-Brexit trade deal. The international trade secretary met his counterpart Ruhsar Pekcan in Ankara on Tuesday to cement the UK’s “historic bond” with Turkey. Striking a post-Brexit trade deal with Turkey will be tricky as its customs union relationship with the EU does not cover all of its [...]