US unemployment falls to 5.3 per cent as the economy comes closer to full employment July 2, 2015 The US created 223,000 jobs in June, with the unemployment rate falling to 5.3 per cent, down from a gain of 254,000 new roles in May. The unemployment rate fell further from 5.5 per cent in May, pushing it closer to the Federal Reserve’s estimate of the longer-run 5-5.2 per cent. This compares to a [...]
Government announces plans around English votes for English laws… on iPads July 2, 2015 Chris Grayling, the leader of the Commons, has announced plans to create a system in Westminster that supports "English Votes for English Laws" – and he added that under the new rules, a new stage of votes will be taken on tablet computers. The government wants to give MPs from English constituencies a new “veto” [...]
Greek crisis: Yanis Varoufakis will resign if Greek people vote Yes in referendum July 2, 2015 The Greek finance minister Yanis Varoufakis has said he will resign if the Greek people vote “yes” in Sunday’s referendum. In an interview with Bloomberg TV, when asked if he would remain as finance minister on Monday in the event of a yes vote, he simply replied: I will not. But Varoufakis was confident the [...]
Greek GDP would fall by 20 per cent after Grexit says S&P July 2, 2015 Rating agency Standard and Poor’s (S&P) has warned that without the support of Europe, Greece’s banks and payment system would be unable to operate and consequently shut down. Read More: How Argentina's struggle in the late 1990s could provide lessons to Greek leaders The rating agency said "Eurosystem support" is estimated at 70 per cent of [...]
Price tag: NHS medicine to have price labels under Jeremy Hunt proposals July 2, 2015 A price tag is to be put on prescription medicines in the UK under a plan to cut waste in the National Health Service, along with a stamp reading “funded by the UK taxpayer”. All pharmaceuticals over £20 will have an “indicative cost” on the packaging once the scheme is rolled out next year, as [...]
NHS medicine will be labelled with prices July 2, 2015 A price tag is to be put on medicines in the UK under a plan to cut waste in the National Health Service, along with a stamp reading “Funded by the UK taxpayer”. All pharmaceuticals over £20 will have an “indicative cost” on the packaging, once the scheme is rolled out next year, as part [...]
Saudi Prince Alwaleed Bin Talal pledges to give £20bn fortune to charity July 1, 2015 Billionaire Saudi Prince Alwaleed bin Talal is to give away his fortune to charity when he dies. The Prince said he would be moving considerable wealth to his Alwaleed Philanthropic Foundation over the coming years. At a news conference at the headquarters of this investment business Kingdom Holding, Prince Alwaleed said: Philanthropic pledge will help [...]
Will the Greek crisis lead to contagion and spread of fear in other European countries? July 1, 2015 As uncertainty over Greece's future in the euro continues, questions have been asked about how a Greek exit from the euro will affect other nations. If Greece has to abandon the euro, consequences, or "contagion", to other nations could be dire. Particularly those – such as Spain and Italy – whose recovery is still shaky. [...]
Speedy Hire’s share price plummets 35 per cent as chief executive Mark Rogerson stands down July 1, 2015 Share in plant hire group Speed Hire tumbled more than 35 per cent today as the company warned on profits and announced chief executive Mark Rogerson had stepped down. Rogerson’s departure after 18 months in the job came just weeks after chairman Jan Astrand congratulated him for the company’s “significant progress” in the 12 months [...]
Mark Carney voices concern about Greek crisis in Bank of England Financial Stability Report July 1, 2015 The Bank of England was unable to give a stable outlook for the UK’s financial stability due to the ongoing Greek crisis, in its financial stability report today, saying the risks in relation to Greece and its financial needs “were particularly acute”. Mark Carney, the Bank's governor, warned the outlook for financial stability has worsened, [...]
