Multinationals could be forced to declare country-by-country revenues and taxes thanks to an amendment tabled in parliament by a Labour MP September 6, 2016 New UK legislation could force multinational corporations to reveal the taxes they have paid in every country in which they operate, after MPs voted in favour of landmark new tax proposals this evening. The new rules would introduce a country-by-country reporting system, allowing tax information published by HM Revenue and Customs (HMRC) to include details on where a company's revenues [...]
Does the government think Single Market membership is “highly improbable”? It depends who you ask… September 6, 2016 Confusion has broken out over the government's stance on Single Market membership after Downing Street refused to back the Brexit minister's views on Europe. Brexit minister David Davis made his first ministerial statement since being appointed May's secretary of state for exiting the European Union yesterday. And responding to a question from former small business [...]
Former chancellor George Osborne tries to secure his legacy as anything but Brexit July 18, 2016 George Osborne has issued a robust defence of his time as chancellor and said he believes the UK's best days lie ahead in a speech littered with attempts to define his own legacy. In the annual Margaret Thatcher memorial lecture held by the Centre for Policy Studies, Osborne placed his achievements such as protecting the UK's commitment to [...]
Cobra Beer founder Lord Bilimoria explains the immigration policy behind Britain’s curry crisis July 3, 2016 Since they first started becoming popular in the 1940s, curry houses have become a staple of Britain’s towns and evenings out. The nation’s favourite cuisine was adopted and then adapted from its spicy, South Asian roots to suit our more sensitive tastebuds. Along the way, it has spawned an industry worth £4bn and, directly and [...]
Companies will reap the rewards if they help make Brexit work for Britain October 3, 2016 Twelve years before Tim Berners-Lee invented the World Wide Web, Toronto-born social psychology professor Lee Ross was studying what he called the false consensus effect at Stanford University. Ross found that people falsely believe there is a consensus on an issue, even if wider data runs contrary, because those around them think the same way [...]
A Brexit vote is a gamble on the future of the young, London’s lord mayor to warn June 16, 2016 Voting to leave the EU represents a gamble on the future of young people, the lord mayor of London will today warn. Speaking ahead of chancellor George Osborne and Bank of England governor Mark Carney at the Mansion House, Jeffrey Mountevans will say that the young are under-represented in the Brexit debate, despite the relative [...]
Bremainers, Cameron aides and Shami Chakrabarti get honours August 4, 2016 Former chancellor George Osborne topped the list of David Cameron’s resignation honours today, while Labour leader Jeremy Corbyn raised eyebrows with his nomination of Labour anti-Semitism report author Shami Chakrabarti. Cameron’s resignation honours rewarded “Bremainers” and many of his inner circle. Osborne has been made a Companion of Honour for political and public service, while former [...]
Hammond guarantees £4.5bn EU funding for farmers and scientists until 2020 August 13, 2016 Chancellor Philip Hammond has today pledged to match EU funding for British firms in the first guarantee of its kind since the UK voted to leave the bloc in June's historic referendum. Hammond has agreed that all UK projects that win funds under the various EU development programmes will be "fully funded, even when these projects continue beyond the departure from [...]
Now there’s a “Brexit means Brexit” pressure group (and BoJo is backing it) September 11, 2016 Boris Johnson has thrown his weight behind a new group piling pressure on Theresa May to push for a so-called hard Brexit. In a surprise move, the newly appointed foreign secretary has backed the Change Britain campaign chaired by Leave campaigner and Labour MP Gisela Stuart alongside a string of high profile pro-Leave campaigners. Read more: This MP wants Article 50 triggered [...]
It’s more vital than ever after Brexit that the Northern Powerhouse is a success August 1, 2016 I have just returned from a tour of the “Northern Powerhouse” cities: Liverpool, Manchester, Leeds, and Sheffield. While this is a trip that nearly all my recent predecessors as lord mayor have made, this programme had added weight following the country’s vote to leave the European Union. It goes without saying that UK trade and [...]