UK Brexit secretary David Davis says Parliament won’t vote on Brexit deal until after UK leaves EU October 25, 2017 Parliament will only vote to approve the Brexit deal after the UK has left the EU, Brexit secretary David Davis said today. He said the withdrawal settlement and a new trade agreement might be signed off at the same time, after the Brexit deadline. The Brexit secretary has been accused of trying to sideline Parliament’s [...]
Royal Mail boss Moya Greene to lead fresh talks in hope of breaking Christmas strike deadlock October 25, 2017 Royal Mail boss Moya Greene will lead talks with the firm’s main union in the hope of breaking the deadlock in a long-running industrial dispute that threatens a Christmas shutdown. The Communication Workers Union (CWU) and the postal giant have agreed on the appointment of a mediator to oversee seven weeks of talks. Professor Lynette [...]
Premier League abandons talks over plans to give top clubs larger slice of revenue October 24, 2017 Proposals to give a greater share of Premier League revenue to the biggest clubs appear dead in the water after the latest round of talks over the controversial plans was called off. Six clubs – Manchester United, Chelsea, Manchester City, Arsenal, Liverpool and Tottenham – are believed to want a larger proportion of income generated [...]
New forecasts show need for Heathrow expansion ‘greater than originally thought’ with London’s main airports to be full in a decade October 24, 2017 The government said today the need to expand Heathrow is “greater than originally thought” and its timeline remains on track, despite the launch of a new consultation. Transport secretary Chris Grayling said updated aviation demand forecasts reveal that the need for more runway capacity is “even greater than originally thought”. He said: They show that [...]
Revolution Bars rejects Slug and Lettuce owner Stonegate’s takeover bid October 17, 2017 Shareholders in Revolution Bars have voted against a takeover bid from Slug and Lettuce owner Stonegate Pub Company. Shares in Revolution dropped over 11 per cent to 166p following the decision to reject the 203p per share offer. Over half of the votes cast opposed the bid, with 53.8 per cent against and 46.3 per [...]
Sales rise but market share falls for Big Four grocers as Aldi and Lidl continue to grow October 17, 2017 Each of the big four grocers has grown sales but seen a decrease in market share as Aldi and Lidl can now boast half the total market’s growth, new figures show. Morrisons was the fastest growing of the large retailers, with sales up 2.8 per cent in the 12 weeks to 8 October, followed by [...]
What will an interest rate hike mean for house prices? October 17, 2017 Inflation hit three per cent in September, adding fuel to the fire for commentators calling for a rate hike. There has been talk of a rate rise for years now, although it hasn’t moved above 0.5 per cent since March 2009. The Bank of England hasn’t increased the rate since December 2007, when it began [...]
This London Tube map shows how much house prices have changed in the capital over the past 10 years October 13, 2017 You might have seen the Tube map for scooters. You may already be poring over the festive Underground map in anticipation of Christmas(even though Halloween hasn't happened yet). But have you seen a London Tube map showing just how much property prices in the capital have changed over the past decade? Well, feast your eyes [...]
RBS chairman Howard Davies: Banks set to trigger Brexit contingency plans in March 2018 without details of transitional period October 8, 2017 The chairman of Royal Bank of Scotland has said he’s not concerned that the government has taken its “eye of the ball” when it comes to Brexit amid continued in-fighting in Theresa May’s government. But Howard Davies warned that “some” jobs at the bank will go and that the damage of leaving the EU on [...]
City economists divided on interest rate path as Bank of England official adds to November hike talk October 5, 2017 The City is divided over the future path of interest rates set by the Bank of England, as one of its leading policymakers gave another clear sign that an interest rate hike could come in November. Ian McCafferty, an external member of the Bank’s rate-setting monetary policy committee (MPC), reiterated his view that economic conditions [...]