Jeremy Corbyn slams rail fare rise as “rip off” August 19, 2015 Regulated rail fares may be set to rise by just one per cent next year, but Labour leadership front-runner Jeremy Corbyn has called them a “rip off”, insisting only his plan to renationalise the railways will deliver savings for consumers. Speaking at a rally at Kings Cross Station yesterday, Corbyn said that “extricating the [...]
Hedge fund Marshall Wace lends support to Labour leader Jeremy Corbyn’s economic policy People’s QE September 23, 2015 One of Britain's wealthiest hedge fund managers has leant weight to what's arguably the cornerstone of new Labour leader Jeremy Corbyn's economic policies – so-called People's QE. People's QE would involve the Bank of England (BoE) investing "in large-scale housing, energy, transport and digital projects". But critics, including Bank of England governor Mark Carney, have [...]
“I’ve got the best job in the world”, says Sadiq Khan, City A.M.’s Personality of the Year 2016 November 10, 2016 Sadiq Khan is feeling ambitious as he sits down with City A.M to discuss his first six months as London mayor. Khan isn't just sketching out his plans for the next six months in office – the former Tooting MP is talking in decades. To be precise, he's talking about serving no fewer than six [...]
Jeremy Corbyn’s betting odds: It was YouGov research wot shifted the dial on the Labour leaderership election September 16, 2015 Forget the old chestnut: “If you really want to know what is going to happen just look to the betting odds. Money is smarter than pollsters.” So when the next person trots out the tired old arguments about “the wisdom of crowds”, point them to Jeremy Corbyn’s victory in the Labour leadership contest. [...]
Bookies cut the odds on Boris for next Prime Minister June 24, 2016 Boris Johnson has been named as early favourite to replace David Cameron as Prime Minister by William Hill and Ladbrokes. The bookmakers have both named the former London mayor as even money favourite to become the next elected Conservative leader, with William Hill cutting Johnson from 11/4, and Ladbrokes cutting his price from 6/4. Home secretary [...]
Yvette Cooper is leading a group of Labour backbenchers in talks with the government over the newly established Brexit Unit June 30, 2016 Yvette Cooper will lead a committee of senior Labour backbenchers across party lines this afternoon for a meeting with Oliver Letwin to discuss the newly established civil service Brexit Unit. Earlier this week, Downing Street launched the unit working on Brexit planning under Letwin in his role as Chancellor of the Duchy of Lancaster, and the Labour [...]
No, leading economists are not supporting Jeremy Corbyn’s far-left agenda August 24, 2015 CORBYN wins economists’ backing for radical plan” thundered the Observer’s front page on Sunday. As I meandered around the supermarket, I did a double-take. Would distinguished economists really back printing money to fund government investment, rent controls, widespread renationalisation (in some cases without compensation), a “maximum wage”, huge tax hikes and greater powers for Trade [...]
Lord Turner fires Corbyn-omics warning: Risks of Jeremy Corbyn’s People’s Quantitative Easing are huge September 28, 2015 City grandee Lord Turner has warned that the political risks associated with Jeremy Corbyn’s proposed “People’s Quantitative Easing” are huge. “The technical case for treating overt money finance as an available tool – if and when the conditions makes such stimulus appropriate – is incontrovertible,” Turner said in an interview published today. “But the political [...]
Labour candidates turn fire on Jeremy Corbyn in last-ditch vote push September 1, 2015 Jeremy Corbyn’s economic policies came under sharp criticism yesterday as his opponents in the Labour leadership contest used one of their last public debates to attack the front-runner. In a live, televised hustings, Yvette Cooper called so-called Corbynomics “dodgy economics”, saying that the Islington North MP’s proposals for a “people’s quantitative easing” were “not responsible” [...]
European Union clarifies how Brexit will actually work June 26, 2016 The European Union has spelled out what Britain must do to remove itself from the bloc following Thursday's referendum. It said that Article 50, which sets a two-year deadline for a deal, can be triggered by the government through a formal declaration either in a letter or a speech. Read more: Lord Sugar slams Boris for "misleading" public [...]