No sign of Brexit hit as employment rate reaches new record high August 17, 2016 The employment rate reached a new record high in June, as fresh figures from the Office for National Statistics (ONS) also showed no sign of a post-referendum hit to jobs. The latest jobs numbers, which refer to the month of the referendum, showed the number of people in work climbed to its highest on record of 31.75m in [...]
Rough & the smooth: Sadiq Khan’s first 100 days as mayor of London August 17, 2016 London mayor Sadiq Khan has celebrated his first 100 days in City Hall. So, how’s his mayoralty shaping up? Khan was elected on 5 May, after his rival Zac Goldsmith sank in a pit of his campaign’s own making. The Tory candidate would probably have made a perfectly decent and thoughtful mayor, but his campaign [...]
SNP accused of power grab after junior MSPs awarded top jobs August 15, 2016 The Scottish National Party has been accused of a power grab after a number of top jobs were given to MSPs. The MSPs have been awarded jobs as aids to ministers that they are meant to be holding to account. Education secretary John Swinney's assistant, Jenny Gilruth, was given her role after she was put forward to [...]
Never mind the Brexit: Meet JP Morgan’s “glass half-full” European chief August 14, 2016 JP Morgan Chase employees were left in little doubt about how damaging the UK’s Brexit vote could be. In early June, chairman and chief executive Jamie Dimon spoke to staff in Bournemouth alongside now-former chancellor George Osborne and warned that a vote to leave the European Union could lead to as many as 4,000 job losses [...]
Hammond guarantees £4.5bn EU funding for farmers and scientists until 2020 August 13, 2016 Chancellor Philip Hammond has today pledged to match EU funding for British firms in the first guarantee of its kind since the UK voted to leave the bloc in June's historic referendum. Hammond has agreed that all UK projects that win funds under the various EU development programmes will be "fully funded, even when these projects continue beyond the departure from [...]
Charlton fan asked to sign contract agreeing not to criticise club on social media after buying season ticket August 12, 2016 Charlton Athletic have been blasted by fans after a supporter was told they had to sign a contract precluding them from "posting derogatory or inflammatory comments" on social media about the club. Last week a fan who has performed volunteer work for the club in the past received a letter from new duty safety officer Cliff Eager [...]
Construction industry stumbles but don’t blame Brexit yet August 12, 2016 The stumble in UK construction in the run-up to the referendum was worse than economists first feared, as housebuilding and property development fell back in the second quarter of the year. Construction output dropped by 0.9 per cent in June, according to figures released by the Office for National Statistics (ONS) this morning. The decline [...]
Police are treating the death of a man found in Hyde Park this morning as “suspicious” August 12, 2016 The Metropolitan Police force has confirmed a body was found in Hyde Park in the early hours of the morning. Reports suggested the man's body was found near Speaker's Corner. A spokesperson for the Metropolitan Police said: "Police in Westminster were called to Hyde Park, W2, at 05.50 on Friday following concerns for a man officer attended [...]
Alibaba’s shares are on a tear after a huge revenue jump August 11, 2016 Alibaba certainly isn't feeling the effects of the Chinese slowdown just yet. Shares in Alibaba – the world's largest retailer – have climbed by almost six per cent in the US pre-market after it posted revenue far ahead of expectations. Alibaba's shares were already up around seven per cent so far this year. A rise in revenue was bolstered [...]
Manufacturing sector shrunk in June as industry fears prolonged slowdown August 9, 2016 The UK's manufacturing sector started life after the EU referendum on the back foot, official statistics released this morning have confirmed. The industry shrunk by 0.3 per cent in June, according to figures from the Office for National Statistics (ONS) showing the slowdown started in the days before the UK's historic vote to untangle itself from [...]