General Election 2015: David Cameron calls win “the sweetest victory” May 9, 2015 David Cameron described the General Election win as the “sweetest victory” he has experienced, eclipsing the 2010 result. Sources close to the party passed a video to The Spectator, which shows very happy party members being addressed by the prime minister yesterday morning. Cameron's joy is perhaps understandable, given that his three main rivals – [...]
David Cameron’s re-shuffle: PM is putting together his first all-Conservative cabinet May 9, 2015 After the stress of the General Election, no rest for the victor. David Cameron will spend the weekend putting the finishing touches to his first all-Tory cabinet. Some names are already known: George Osborne will remain as chancellor, and will also get the title first secretary of state. Theresa May and Phillip Hammond, the home [...]
General Election 2015 results: Why first past the post has killed Ukip May 8, 2015 The Conservative party may have won a majority with 330 seats but it isn’t ‘paying’ the same number of votes for a seat. The Tories got 11.3m votes and 329 seats, while Ukip got one seat for 3.9m votes. That means Ukip paid 112 times the number of votes per seat than the Conservatives did and [...]
UK house prices: Growth slows for the first time in 2015 May 8, 2015 UK house price growth has fallen on a three-month basis for the first time in 2015, according to Halifax. The figures For the three months to April 2015, house prices in the UK grew 2.2 per cent, lower than the last three months, when it was 2.6 per cent. On a monthly basis prices rose [...]
Rolls Royce hit with £350m forex blow May 8, 2015 Rolls-Royce expects to see its restructuring efforts bear fruit in the second half of the financial year, but expects a massive forex hit of £350m. The £350m is a translation effect: from translating revenues back into pounds to report results. This creates a year on year differences, depending on the behaviour of currencies during that [...]
BT share price up after profits rise 14 per cent May 7, 2015 BT’s share price has risen half a per cent, after the company revealed a 14 per cent jump in pre-tax profits, which rose to £2.6bn for the 12 months ending 31 March. The figures Despite the headline rise in profit, BT’s revenue fell two per cent to £17.9bn for the year and £4.6bn for the [...]
EasyJet suffers a hangover from French strikes as Ryanair surges ahead May 7, 2015 EasyJet managed to shake off the effects of French transport strikes to post a 3.8 per cent increase in passengers. The figures EasyJet said that, compared to April 2014, it had had 12 times (602) the number of flights cancelled, mostly due to air traffic control strikes in France. Nevertheless, the number of passengers flying [...]
UK house prices: Number of risky mortgages grows 64 per cent in five years May 6, 2015 In the aftermath of the subprime mortgage crisis, you'd have thought lenders had learned their lessons – but perhaps not, after a new study suggested the number of risky mortgages sold in the UK has risen 64 per cent since 2010. Using last year’s data from the Bank of England, Moore Stevens, an accountancy firm, [...]
