Forget a €60bn Brexit bill: The EU should pay Britain to leave April 5, 2017 Why all the alarm that the Brexit waters are getting choppier? Advocates of leaving, like myself, never denied the EU would play tough in any negotiations; it is what one would expect for the opening gambits of any hard-nosed business deal. And that’s what it is, a deal. Likewise, supporters of remaining tied to the [...]
Business secretary Sajid Javid more likely to become next cabinet minister to resign amid steel crisis – but pro-Brexit Michael Gove is favourite April 1, 2016 With the steel crisis ongoing, there doesn't seem to be too much love for Sajid Javid at the moment, prompting one bookmaker to dramatically shorten the odds on him being the next cabinet minister to resign. While Michael Gove is favourite to resign at 5/2, due to his pro-Brexit stance, Javid – who would have been [...]
Surge in days lost to strike action in 2016 December 19, 2016 Talks aimed at averting strikes by British Airways cabin crew over Christmas will be held at conciliation service Acas today as figures obtained by City A.M. show that the number of days lost to industrial action in the first ten months of 2016 has already dwarfed last year’s total. According to the Office of National [...]
Liberty closes in on a £100m deal to save South Yorkshire steel plants November 28, 2016 Thousands of steelworkers' jobs are one step closer to being saved after steel giant Liberty House (Liberty) entered into exclusive negotiations with Tata Steel. A letter of intent was signed by Liberty, which is hoping to buy several of Tata Steel's South Yorkshire-based sites. The Indian conglomerate has put a price tag £100m on the assets. Read more: Tata [...]
EU referendum: Leaving the EU is a “big gamble” for the UK’s security, warns defence secretary Michael Fallon ahead of Cameron’s House of Commons statement February 22, 2016 If the UK votes to leave the EU it will be a "big gamble" for the UK's security, defence secretary Michael Fallon has warned. Speaking to the BBC, Fallon claimed that the "collective weight" of partnerships, including the EU, makes it easier to deal with global threats. "At the moment our defence and security rests [...]
David Cameron “puzzled and disappointed” by Iain Duncan Smith’s resignation over disability cuts March 19, 2016 David Cameron has said he is "puzzled and disappointed" at the resignation of work and pensions secretary Iain Duncan Smith last night. Stephen Crabb, formerly the secretary of state for Wales, was appointed Duncan Smith's successor on Saturday morning. Duncan Smith published an open letter of resignation on Friday evening, citing pressure to make further cuts to [...]
Budget 2017: The full text of chancellor Philip Hammond’s speech March 8, 2017 Philip Hammond has delivered his first – and last – Spring Budget. Headline announcements included more cash for social care and punishing new rules for the self-employed – plus some vague comments on business rates. Read more: City A.M.'s TL;DR version of the Spring 2017 Budget Here's what he said: Mr Deputy Speaker, I report [...]
EU referendum: Cabinet ministers and top Conservatives clash over immigration and security April 25, 2016 Cabinet ministers today knocked heads over key issues of immigration and security ahead of the EU referendum in June. Home secretary Theresa May said that the UK needs to "stand tall and lead in Europe" rather than leaving the EU, the home secretary has said. In her first speech ahead of the referendum in June, May said that [...]
Odds not on George: Iain Duncan Smith’s resignation has made Osborne vulnerable as William Hill slashes Tory leader odds March 19, 2016 Bookmaker William Hill has doubled its odds on George Osborne becoming the next leader of the Conservative Party from 2/1 to 4/1 second favourite. William Hill also shortened Boris Johnson's odds from 3/1 to 15/8, becoming the clear favourite, as "a series of mistakes" started to impact on Osborne's "future prospects". "So sure-footed for so long, Mr Osborne was [...]
Chris Grayling is set to signal an appetite for new runways at UK regional airports this week October 23, 2016 Transport secretary Chris Grayling is this week expected to signal fresh appetite for expansion at the UK's regional airports as well as in the south east. A special cabinet committee headed by Prime Minister Theresa May meets tomorrow to decide whether Gatwick or Heathrow should be expanded to give the south east more airport capacity. [...]