A deal to prop up Tata Steel’s Port Talbot site is edging closer December 5, 2016 Tata Steel is thought to be close to agreeing a deal that will protect thousands of jobs at its Port Talbot steelmaking plant in Wales. The Indian conglomerate is edging towards a deal that will plough investment into the UK's largest steel plant and safeguard the roles of 4,500 employees, sources told Sky News. In return, [...]
Article 50 hearing: Parliament had plenty of chances to ask for Brexit trigger legislation, says attorney general December 5, 2016 Parliament had the opportunity to push for legislation to be put in place to trigger Article 50, but choose not to, the attorney general has told the Supreme Court. On the first day of what is due to be a four-day hearing, Jeremy Wright argued the government's wish to start the UK's formal withdrawal procedure from the EU [...]
Article 50 rematch: Government heads to top court with revamped Brexit argument December 5, 2016 All eyes will be on the Supreme Court today as the attorney general doubles-down on the government's claim that the Prime Minister does not need parliamentary approval to trigger Article 50. Jeremy Wright will be the first to put forward arguments in the four-day hearing, while lawyers for pro-parliament activists who won their argument at the [...]
Greenergy in sale talks with Brookfield December 4, 2016 Fuel supplier Greenergy is in advanced talks to sell a stake to Canadian giant Brookfield. Greenergy, which claims to transport a quarter of the road fuel used in the UK at around 18bn litres each year, has been locked in negotiations with the infrastructure group for several months, it was first reported by Sky News. It’s [...]
Retail shareholders hold out for better deal in RBS lawsuit December 4, 2016 A subset of shareholders suing RBS over how it handled a financial crisis fundraising are holding out for a better deal, despite other investors closing in on an out of court offer. Shareholders are currently due to face off against the bank in court next March, claiming the lender misled them into taking part in a 2008 [...]
The comeback Clegg? Ex-Lib Dem leader is confident of party’s return December 4, 2016 Riding high on his party winning the Richmond Park by-election, former Liberal Democrat leader and deputy PM Nick Clegg has expressed his confidence that it is recovering from nearly being wiped out at last year's disastrous General Election. "It's in many different parts of the country where the Liberal Democrat fortunes appear – appear – to [...]
BT boss on Ofcom: “I don’t think they are trying to break the company up” December 4, 2016 BT has played down damning action by the telecoms watchdog to split up the company for failing to address competition concerns. Chairman Sir Mike Rake has insisted that Ofcom is not trying to break-up the telecoms firm, just days after the regulator said it was pushing forward with plans to legally separate its Openreach broadband infrastructure division. Rake denied that Ofcom was calling [...]
Labour will put forward an official amendment to the Article 50 bill on market access, says Jeremy Corbyn December 3, 2016 Labour leader Jeremy Corbyn has said that his party will put down an official amendment to the Article 50 bill. If the Supreme Court allows a debate in parliament, Labour will go forward with a proposed amendment that will aim to ensure Britain maintains access to Europe's markets, workers' rights and environmental protection measures. Read [...]
KPMG boss Simon Collins won’t be seeking re-election after five year tenure December 1, 2016 KPMG's UK boss will step down in March after five years at the helm of the accountancy giant. Simon Collins told fellow partners of his plans on Thursday and is expected to put his hat in the ring to step up and lead the global network of the firm, according to reports by Sky News. Read more: [...]
Boris Johnson rubbishes claims that suggest he is “in favour” of free movement November 30, 2016 Boris Johnson has reportedly said that he is in favour of freedom of movement. The foreign secretary has told as many as four EU ambassadors that he supports the right of EU workers to move between nations, Sky News has reported. One ambassador told Sky News: "(Boris Johnson) told us he was personally in favour [...]