DEBATE: Does it make sense to run the Treasury out of Number 10? February 17, 2020 Does it make sense to run the Treasury out of Number 10? Will Tanner, director of Onward, says YES. Boris Johnson is not the first resident of Number 10 to want a closer hold on Number 11. Pitt the Younger, Peel, Disraeli, Gladstone and Baldwin all served as chancellor and Prime Minister concurrently. The two [...]
Question marks surround Boris Johnson’s first budget February 16, 2020 The timing and content of the forthcoming budget was thrown into doubt this weekend, with the government refusing to confirm either the date of the announcement or that the current spending limits would remain in place. Boris Johnson is considering scrapping fiscal spending rules written just months ago as Number 10’s plans to take greater [...]
Rory Stewart wants to set up City of London embassies across EU February 16, 2020 City of London embassies will be set up across EU capital if Rory Stewart is elected mayor of London. The ex-international development secretary is running as an independent mayoral candidate in the May election, after having the Conservative whip removed last year over his opposition to a no-deal Brexit. Stewart believes as mayor of London [...]
When is the UK Budget 2020? February 14, 2020 The UK Budget 2020 is due next month but after the shock resignation of Sajid Javid this week the government may be forced to delay the date. The official date for the Budget 2020 is 11 March but the government so far has not confirmed it will go ahead after the reshuffle which saw Rishi [...]
Sajid Javid opts to go down with the ship February 14, 2020 Just under three months ago, Boris Johnson promised a room full of business leaders that Sajid Javid was guaranteed to remain in office as chancellor. He praised Javid and gave a “categorical” commitment to the CBI conference that he will remain in post. Yesterday, Javid was told that if he wanted to keep his job [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
Norwegian Air deepens cutbacks as 737 Max crisis weighs February 13, 2020 Norwegian Air has posted a loss of 1.87bn Norwegian krone (£155m) in the fourth quarter as the Boeing 737 Max crisis continued to take its toll on the airline. This was narrowed from the 3bn krone loss posted in the same period in 2018, but lagged behind analysts’ forecasts. Operating revenue also fell seven per [...]
Coronavirus latest: UK ‘superspreader’ discharged from hospital February 12, 2020 This page collects all the latest news about the coronavirus outbreak, now called Covid-19 The man connected to 11 cases of the coronavirus has been discharged from hospital having made a full recovery from the illness. Business Steve Walsh, who contracted the illness on a work visit to Singapore before passing it to others on [...]
Wework aims to be free cash flow positive by 2022 February 11, 2020 Embattled office space provider Wework has said it will become free cash flow positive a year earlier than expected and will post its first ever $1bn revenue quarter this year. The coworking firm said it will be free cash flow positive by 2022, and hopes to achieve free cash flow of more than $1bn by [...]
Marks and Spencer appoints new chief financial officer February 11, 2020 Marks and Spencer has announced the appointment of a new chief financial officer, at a time when the group is trying to revive its fortunes. Eoin Tonge will join from Irish convenience food retailer Greencore in June after his predecessor Humphrey Singer stood down in September last year. Marks and Spencer boss Steve Rowe said: [...]