Sir Philip Green leadership failure and personal greed led to collapse of BHS, MPs say July 25, 2016 Sir Philip Green is ultimately responsible for the failure of BHS, according to senior MPs who today publish the findings of a parliamentary inquiry in the retailer's collapse. The joint inquiry by the work and pensions select committee and the business, innovation and skills select committee found that Green's family became "incredibly wealthy" during their [...]
Nearly 40 per cent of non-doms are considering leaving UK, according to top accountancy firm July 25, 2016 Nearly 40 per cent of non-doms are thinking of permanently leaving the UK, according to a top accountancy firm. Top ten accountancy firm Moore Stephens has found that 37 per cent of non-doms are considering leaving, with 64 per cent citing changes to their tax status as a reason for considering such a move. Moore [...]
International Monetary Fund backs chief Christine Lagarde ahead of looming negligence trial July 24, 2016 The International Monetary Fund (IMF) has backed its chief ahead of her negligence trial for which she denies any wrongdoing. Lagarde is battling charges of negligence over a €405m (£339m) payment to French businessmen Bernard Tapie while she was the French finance minister. While the IMF also denies any wrongdoing, she could face jail time if she is [...]
Upcoming health check on European Banks expected to highlight Italian plight July 24, 2016 The Italian financial system's plight will be highlighted this week as a heath check of Europe's biggest banks will lay bare the extent of its troubles. Monte dei Paschi di Siena, Italy's third-largest lender, is expected to be among the worst performers in the stress test, and will add pressure on the European Commission to [...]
The European Union was created to beat the United States in making money, says Donald Trump July 24, 2016 The European Union was created in order to “beat the United States when it comes to making money”, Republican presidential candidate Donald Trump believes. "The reason that it got together was like a consortium so that it could compete with the US," Trump told NBC News. The billionaire's statements come after the UK's Brexit vote, [...]
UK rallies to action around fintech after Brexit vote with new Bridge to South Korea July 22, 2016 The UK is finalising a new FinTech Bridge with South Korea in the wake of the Brexit vote. The FinTech Bridge is an agreement that will make it easier for UK and the Republic of Korea to invest in fintech. It will help UK fintech firms and investors access the Asian market and expand to the [...]
Sir Philip Green knighthood will be reviewed, Cabinet Office says July 22, 2016 Sir Philip Green may not be be able to use the prefix too much longer. The Cabinet Office have confirmed that his knighthood will be reviewed. Read more: Another 700 jobs at risk as more BHS store closures confirmed "A recommendation to cancel an honour is usually prepared by the department which drew up the [...]
Jeremy Corbyn has a more than 80 per cent chance of retaining Labour leadership, bookie says July 22, 2016 Jeremy Corbyn has more than an 80 per cent chance of keeping his job at the helm of the Labour Party, according to one bookmaker. Betfair says that Corbyn is currently rated at an 83 per cent chance in the Labour leadership contest. He's up against Owen Smith, who was one of a number of MPs [...]
There will not be a “hard Irish border” after Brexit, says Taoiseach Enda Kenny July 22, 2016 There won't be a "hard border" between the Republic of Ireland and Northern Ireland in the wake of the Brexit vote, the Irish Taoiseach Enda Kenny has said. Speaking at the British-Irish Council Kenny said: "We do not want to see a European border internally on the island of Ireland. "There will not be a hard border from [...]
