Labour leader Jeremy Corbyn steps down as head of parliamentary anti-nukes campaign amid Trident row January 12, 2016 Labour leader Jeremy Corbyn has stepped down from his post as leader of a cross-party group opposing the proliferation of nuclear weapons amid growing discontent over the Labour party's stance on Trident. Corbyn resigned as chair of the Parliamentary Campaign for Nuclear Disarmament (CND), and has been replaced by Caroline Lucas, the Green Party announced in a [...]
Aberdeen Asset Management chief executive Martin Gilbert predicts HSBC will keep its headquarters in the UK January 12, 2016 A top investor in HSBC has said that Europe's biggest bank is unlikely to move its headquarters from the UK. "The logistics of moving their headquarters out of London are so vast," Aberdeen Asset Management chief executive Martin Gilbert told Bloomberg TV this morning. "I suspect much as they might want to move their headquarters, [...]
UK pensions: new survey finds three in four small business owners say auto-enrolment puts too much pressure on their businesses January 12, 2016 Three in four small business owners say that the government’s new rules surrounding workplace pensions put “too much pressure” on businesses of their size, according to a new survey out today from the Federation of Small Businesses (FSB). After polling more than 1,000 small business owners in November and December, the FSB found that nearly [...]
Where do Londoners spend the largest share of their income on rent? New analysis from Labour mayoral candidate Sadiq Khan shows average rent now costs 62 per cent of average Londoner’s income January 12, 2016 The average London rent now eats up nearly two-thirds of an average Londoner's income, according to new research published today by Labour mayoral candidate Sadiq Khan. Khan's campaign team crunched numbers from the House of Commons Library to find that the average London rent now consumes 62 per cent of the average Londoner's pre-tax income, compared to [...]
EU referendum: Prime Minister David Cameron warns ministers not to “undermine” government’s negotiations with Brussels as he spells out rules for free vote January 11, 2016 Prime Minister David Cameron has warned ministers not to "undermine" his efforts to reform the European Union. In a letter to ministers released this afternoon by Downing Street, Cameron repeated his commitment to allow ministers to have a "free vote", and campaign with their conscience in the run-up to the EU referendum. But Cameron was clear [...]
Tube strikes 2016: London mayor Boris Johnson and Zac Goldsmith slam Sadiq Khan over union support January 11, 2016 London mayor Boris Johnson has slammed Labour's City Hall hopeful Sadiq Khan, calling him a "tool" of the unions after Khan blamed Johnson for an increase in industrial action on London's Tube and buses. Johnson attacked Khan for failing to condemn the latest round of strikes, saying he is "entirely motivated by the self-interest of union [...]
Prime Minister David Cameron commits £70m to a new scheme to encourage business people to mentor teenagers January 11, 2016 Prime Minister David Cameron has said that he wants a "new generation of high-flying mentors" from Britain's leading businesses to mentor at-risk teenagers. In a speech in north London today, Cameron announced a new national campaign targeting businesses, charities and public sector employers to recruit "high-quality" mentors to "help struggling teens fulfil their potential and improve their [...]
New EEF survey shows only half of UK manufacturers think Britain is a competitive place to do business, saying strong sterling, volatile markets, EU referendum pose big risks for 2016 January 11, 2016 Britain is “losing its gloss” as a global leader in manufacturing, according to a new poll out today from the EEF. The annual survey, conducted by the EEF and Aldermore, found that just 56 per cent of British manufacturers view the UK as a competitive location for manufacturing, down dramatically from the 70 per cent [...]
Adam Smith Institute (ASI) wants to get rid of the Bank of England’s Monetary Policy Committee (MPC) and replace it with a rule tied to nominal GDP January 11, 2016 A leading free market group has proposed scrapping the Bank of England’s Monetary Policy Committee (MPC) and replacing it with a rule that would trigger policy action. In a radical new paper out today that is likely to raise eyebrows among many economists and policymakers, the Adam Smith Institute (ASI) says the Bank should get [...]
