Brexit shines a light on pensions timebomb July 4, 2016 As the economic landscape shifts in the wake of the referendum, one of the most dramatic impacts has been on defined benefit, or final salary, pensions. In the days following the vote, liabilities in defined benefit schemes ballooned, causing deficits to widen. According to early estimates, the rise in liabilities could have increased the deficits [...]
Why Remain failed to capture the imagination of young voters in the EU referendum – a marketer’s perspective July 4, 2016 In the absence of official exit polls, data from Sky, the FT, the BBC, the Guardian and others indicate a failure by the Remain camp to convince millennials to vote in the EU referendum. It’s a bitter pill to swallow, given that this demographic seemed to be largely pro-Europe, but it is hardly surprising, given the [...]
Green Investment Bank bidder encourages government to push ahead with sale after Brexit vote July 3, 2016 The government has been encouraged to push ahead with its sale of the Green Investment Bank (GIB) and show that the UK is “open for business”. Sustainable Development Capital (SDC), which is among the firms bidding for GIB, has encouraged Whitehall to look beyond Brexit vote uncertainty. Read more: MP wants safeguards on Green Investment [...]
Chris Froome profits as Peter Sagan takes yellow jersey on second stage of Tour de France July 3, 2016 Sprinter Peter Sagan claimed the Tour de France leader’s yellow jersey for the first time in his career on a good day for Britain’s defending champion Chris Froome. Slovakian Sagan snatched the win on an uphill finish to stage two in Normandy to replace Manxman Mark Cavendish at the head of the general classification. Team [...]
Gutterball: Bowling alley firm postpones flotation plans after Brexit July 3, 2016 A bowling alley firm has pushed back its plans to float on the stock market following last month’s Brexit vote. Hollywood Bowl had planned to launch an initial public offering (IPO) this month. But the plans have now been pushed back towards the end of the summer. Elsewhere, Sky News reported that NewDay, which provides store cards [...]
Former Labour leader Neil Kinnock tells Jeremy Corbyn to resign July 3, 2016 Former Labour leader Lord Kinnock has urged Jeremy Corbyn to give up his battle to remain as leader of the party in the face of overwhelming opposition from Labour MPs. Kinnock, who lost to John Major in the 1992 general election, also said Corbyn would have to secure the backing of at least 50 MPs [...]
Michael Gove promises crackdown on executive pay if he succeeds David Cameron in Conservative leadership race July 3, 2016 Michael Gove has promised to tackle the scandal of the "undeserving rich" and crack down on executive pay as he steps up his campaign in the Conservative leadership race. The justice secretary said he will look at "radical" solutions to stamp out excessive corporate pay in an attack which could raise concerns in City boardrooms. Speaking to [...]
Andrea Leadsom takes side-swipe at Conservative leadership rival Theresa May July 2, 2016 Would-be Tory leader Andrea Leadsom appears to have taken a side-swipe at frontrunner Theresa May as she tries to consolidate her position as the pro-Brexit candidate in the Conservative leadership race. Leadsom has said the Conservative premiership must be a supporter of Brexit, not someone "who is reluctantly following the wishes of the people". The thinly-veiled attack on May – [...]
May steams ahead in Tory leadership race July 2, 2016 Theresa May has consolidated her lead in the Tory leadership race, as it emerged nearly one hundred Conservatives back the Home Secretary's bid for the top job – as Andrea Leadsom sneaked ahead of pro-Brexit rival Michael Gove. Ninety-six MPs voiced their support for May on Friday evening, with 160 yet to declare their voting intentions. [...]
US National Highway Traffic Safety Administration launches investigation after Tesla driverless car death July 1, 2016 A preliminary investigation has been launched after the death of a man in Florida who was driving a Tesla Model S car on autopilot mode. The crash with a tractor occurred on 7 May and is the first known fatality in more than 130m miles where Tesla's autopilot setting has been activated, the electric car maker said [...]