Transactions slips as market ‘holds its breath’ in run-up to Brexit February 18, 2019 Fresh evidence of an activity slump in Britain’s housing market has been brought to light this morning, with new data showing a sharp drop in property transactions during the last three months. The average number of sales recorded by estate agents in November to January were 36 per cent lower than the long-term average, as [...]
The Labour splitters won’t redraw the political map, but they do raise awkward questions February 18, 2019 After years of infighting, threats, and a couple of failed coups, seven Labour MPs have taken the difficult and courageous decision to quit the party, sitting in the Commons as a new “Independent Group”. Their disillusionment with Labour has many sources, from a failure to confront antisemitism to the party’s muddled stance on Brexit, from [...]
Jewish Labour MP breaks down in tears as she urges party to change February 18, 2019 A Jewish Labour MP broke down in tears as she begged her party leadership to do more to tackle anti-semitism, Ruth Smeeth made the emotional plea at a meeting of Labour MPs held just hours after seven of her colleagues quit the party, dubbing it institutionally anti-semitic and intolerant. The Stoke North MP challenged Labour [...]
Honda to close Swindon factory in ‘devastating’ blow to Britain’s car industry, putting 3,500 jobs at risk February 18, 2019 Honda is gearing up to announce the closure of its Swindon factory, plunging 3,500 jobs into uncertainty, according to a local MP. The Japanese car manufacturer will close its only factory in the EU in 2022, delivering a serious blow to Britain’s already ailing car manufacturing industry. The decision was first reported by Sky News. [...]
Gang of Seven ex-Labour MPs told to have the courage of their convictions and trigger by-elections February 18, 2019 MPs who have quit the Labour party to form a new independent alliance are facing growing pressure to trigger by-elections. Seven MPs – Luciana Berger, Chris Leslie, Angela Smith, Ann Coffey, Gavin Shuker, Mike Gapes and Chuka Umunna – announced on Monday morning they had resigned from Labour in protest at the party’s approach to [...]
Labour MPs expected to resign today over divisions on Brexit and antisemitism February 18, 2019 Rumblings of a Labour party split look set to reach a head as sources told the media the disaffected MPs would resign today. Senior party sources told the BBC that the leadership was expecting a handful to resignations while Sky News said the group would make a statement later this morning on "the future of British politics". Those [...]
UK faces ‘large gaps’ in the law as just 13 per cent of EU regulations have been transferred ahead of Brexit February 18, 2019 Businesses face extensive disruption on the UK's scheduled departure date from the EU unless thousands of laws are amended in time for the 29 March deadline. Just 13 per cent of EU legislative regulations have been earmarked for retention by the government, meaning it faces a huge task in ensuring that all relevant laws are [...]
Reeling in the sales: Angling Direct posts surging revenue on back of international growth February 18, 2019 The UK’s largest fishing equipment retailer said this morning that it was forecasting a spike in full-year revenue, as the group ramped up its online operations and enjoyed a bump in sales from anglers in Germany, Russia and France. Angling Direct is expecting to post revenues of £42m for the 12 months to the end [...]
The Pharmacy2U boss on saving the ailing NHS and stockpiling medicine February 18, 2019 The first ever UK chemist opened its doors in 1734, says Mark Livingstone when I meet him for breakfast. But it’s not so much this 285-year history that’s remarkable – it’s the fact that the business of dispensing drugs has barely been disrupted during that time. As the former managing director of Lego says: “When [...]
Private sector pay set for growth as skills shortage bites February 18, 2019 Private sector pay is set to increase 2.5 per cent as skills shortages put pressure on employers. A survey by the Chartered Institute of Personnel and Development and the Adecco Group of pay and recruitment intentions at 1,254 employers in the first quarter of 2019 showed basic pay expectations in the private sector have increased [...]