FTSE 100 climb cools as WHO declares Europe new centre of coronavirus pandemic March 13, 2020 The FTSE 100 made a slight recovery following its worst day of trading since 1987 despite the World Health Organisation declaring the Europe as the new centre of the coronavirus pandemic. London’s blue-chip index rose by 2.46 per cent, or 128.63 points, despite having been up almost six per cent in early trading, to finish [...]
Second law firm files multi-million foreign exchange class action against raft of banks December 11, 2019 A second law firm today launched a multi-million pound class action claim against a raft of banks which admitted rigging the foreign exchange markets. US litigation firm Hausfeld filed the claim in the Competition Appeal Tribunal (CAT) today against Barclays, Citibank, the Royal Bank of Scotland, JP Morgan, UBS and MUFG Bank over their participation [...]
Protesters throw petrol bombs as Hong Kong violence persists September 15, 2019 Anti-government protests in Hong Kong showed no signs of letting up today, as police fired water cannons and tear gas to disperse demonstrators throwing petrol bombs at government buildings. Some protesters threw bricks at police outside a Chinese army base in the city, and set fire to a banner intended to celebrate the upcoming 70th [...]
This election is a battle Labour does not deserve to win November 22, 2019 In 2004, the US chat show host Oprah Winfrey gave away a brand new car to each member of her studio audience. It was badged as an act of unparalleled generosity — though, as is the way of these things, the reality was more complicated. Gift taxes hit recipients hard — and the cars themselves [...]
Boris Johnson to appoint minister to oversee HS2 as he gives rail link green light February 11, 2020 Boris Johnson has given the go-ahead for the controversial HS2 rail link between London and Birmingham, announcing he will appoint a minister to oversee the project, as he damned the current management. The Prime Minister this afternoon confirmed the government was backing HS2, which is now estimated to cost more than £100bn by completion. Read [...]
PMQs review: We’re in for a dismal ordeal for the foreseeable future January 9, 2020 The first Prime Minister’s Questions of the decade yesterday afternoon was the return of the unedifying spectacle of two men, neither of whom wanted to be there, both giving a performance so bad it made the new film Cats look watchable. Jeremy Corbyn, a blunt tool at the best of times, gave the newly emboldened [...]
Corbyn can’t fix your miserable commute December 3, 2019 Jeremy Corbyn is well and truly getting into the Christmas spirit — he’s making a list, checking it twice, gonna find out who’s naughty or nice, Jeremy is coming to town. Momentum activists could turn that into a Christmas number one. But who’s on the Labour leader’s list? Well, he’s pretty clear about who’s been [...]
Labour pledges an extra £40bn to NHS November 12, 2019 Labour will outspend the Tories on health by promising an extra £40bn to the NHS if it wins next month’s General Election. Shadow chancellor John McDonnell and shadow health secretary Jonathan Ashworth will unveil Labour’s health policy tomorrow, promising to increase the health and social care budget to £178bn in 2023-24 – an average annual [...]
General Election 2019: Labour’s household finances pledge savaged December 4, 2019 Labour’s pledge to save households more than £6,700 each year has been savaged by commentators and industry experts who question the party’s figures and assumptions about privatisation. John McDonnell told supporters in Birmingham that those warning about the risks of Labour’s plans to nationalise energy, broadband, water and other industries claiming that “the privatisation fat-cats [...]
Thomas Cook boss says ‘blame the lenders’ after holiday giant’s collapse September 29, 2019 The last ever boss of collapsed holiday giant Thomas Cook has laid the blame for the 178-year-old firm’s failure firmly at the door of its lenders. Former chief executive Peter Fankhauser said if bondholders and a syndicate of banks – including Barclays, Morgan Stanley, Lloyds and Royal Bank of Scotland – had taken action to [...]