Budget 2016: Chancellor George Osborne says he is “sorry” Iain Duncan Smith resigned and is prepared to “listen and learn” from mistakes March 22, 2016 Chancellor George Osborne has said that he is "sorry" that former work and pensions secretary Iain Duncan Smith resigned after last week's Budget and that he is prepared to "listen and learn" from his mistakes. Addressing MPs in the House of Commons earlier today, Osborne said: "I am sorry that my right honourable friend chose to [...]
City Moves for 2 December 2016 | Who’s switching jobs December 2, 2016 Crowe Clark Whitehill National audit, tax and advisory firm Crowe Clark Whitehill has appointed Jim Gee as head of forensic and counter-fraud services. With more than 25 years’ experience, Jim has worked with clients all over the world in key sectors including healthcare, natural resources and insurance. He joins the firm from PKF Littlejohn. Jim was [...]
Media union Bectu to merge into engineering counterpart Prospect taking membership to 140,000 December 24, 2016 Entertainment and media workers union Bectu will be swallowed by Prospect, the UK's largest engineer-dedicated union. Prospect numbers will swell to 140,000 following the merger which will go live from 1 January, putting it firmly inside the top 15 largest unions in the country and almost double in size of the likes of the Rail, Maritime and [...]
Iain Duncan Smith just defended Boris Johnson’s attack on ‘part-kenyan’ Barack Obama April 25, 2016 Iain Duncan Smith has defended Boris Johnson’s use of the term “part-Kenyan” to describe Barack Obama and said the government told the President to issue his warning that Britain would not be able to strike a UK-US trade deal if it votes for Brexit. The former work and pensions secretary, who resigned in protest at [...]
Striking Post Office workers have set up a Santa’s grotto complete with live reindeer as part of a protest December 19, 2016 If you've got a soft spot for Santa's favourite animal, you might want to head on over to the department for business. For striking Post Office workers, members of the Communications Workers Union (CWU) have set up a Santa's grotto, complete with live reindeer, outside the government's business department headquarters. Read more: Everything you need to [...]
Government kicks off next stage of £12bn student loanbook sell-off February 6, 2017 The government formally kicked off the next stage of its bid to sell £12bn-worth of student loans today. City A.M. revealed bankers from Barclays had been appointed to advise on the deal last month. Read more: Bankers appointed by government for latest student loans sell-off push The sale, which is being structured as a securitisation, is being [...]
EU referendum: This is where each cabinet minister stands February 20, 2016 Prime Minister David Cameron reckons he got a good enough deal to recommend to the British public that it should vote to stay in the EU. So good, in fact, that his cabinet is officially going to make that recommendation. But not every minister agrees, and some want to see the UK leave the EU. [...]
Iain Duncan Smith resignation: Pensions minister Baroness Ros Altman blasts move as “all about the EU referendum” not disability cuts March 20, 2016 The pensions minister Baroness Ros Altman has blasted Iain Duncan Smith's resignation saying she believes it's really about the EU referendum. "I’m particularly saddened that this really seems to be about the European referendum campaign rather than about DWP policy," Altman said in a statement. Duncan Smith, who unexpectedly resigned as work and pensions secretary on Friday [...]
Budget 2016: Government committed to disability benefit cuts as chancellor George Osborne faces potential backbench Conservative rebellion March 18, 2016 Number 10 has said it "remains committed" to cutting disability benefits this parliament, despite the prospect of a backbench rebellion over the issue. The backbench Tories claim they have the numbers to overcome the government's plans over personal independent payment changes, according to reports. Education secretary Nicky Morgan had suggested that the government would climbdown on the proposal [...]
Pensions Regulator steps up probe into Sir Philip Green November 2, 2016 The Pensions Regulator (TPR) has tonight intensified its investigation into Sir Philip Green as it seeks to end the crisis engulfing the retirement scheme of collapsed retailer BHS. Lesley Titcomb, the head of the pensions watchdog, announced late on Wednesday that TPR is to escalate its enforcement action as it seeks redress for 20,000 BHS pension scheme [...]