Donald Trump announces plans for tax change and axe to regulation during economic renewal speech August 8, 2016 Republican presidential candidate Donald Trump has announced an official change in his top rate tax proposal, lifting it in line with the House Republicans proposals. The billionaire said he would change the top rate tax proposal to 33 per cent from 25 per cent during a speech in Detroit about “economic renewal”. Promising a tax overhaul, [...]
City chief backs Heathrow Hub for air expansion in the south east August 8, 2016 A top hedge fund boss has put his weight behind plans to extend Heathrow's northern runway in order to expand aviation capacity in the south east. One of the City's top chiefs, Anthony Clake, who oversees near $10bn (£7.7bn) at Marshall Wace Asset Management, is the majority shareholder in Heathrow Hub, one of the plans still [...]
Brexit boost to UK-bound air bookings as pound plummets August 8, 2016 Air bookings to the UK jumped after the Brexit referendum result after the pound plummeted, according to new research. Data from travel researcher ForwardKeys found a Brexit bounce, with bookings boosted by 4.3 per cent in the 28-day period following the referendum compared to the year before. Favourable exchange rate movements for the euro meant bookings from [...]
Owen Smith says that under the Conservatives Britain is the “sick man leaving Europe” August 8, 2016 Labour leadership contender Owen Smith has said that under the Conservatives Britain is the "sick man leaving Europe", adding that the country is too dependent on the City and financial services. Speaking in Newcastle, Smith said that action taken by the Bank of England last week shows the British economy is on a cliff edge, requiring an urgent [...]
Business groups slam RMT’s strike on Southern Rail August 8, 2016 Business groups have hit out at RMT's strike on Southern Rail, which parent Govia has said will bring misery to hundreds of thousands of commuters. London First said the strike is "totally unjustified" and punishes commuters. David Leam, infrastructure director at business group London First, said: "The RMT's strike is totally unjustified. It punishes the many commuters [...]
Jeremy Corbyn given boost after Labour members win court case meaning new members now eligible to vote in leadership election August 8, 2016 Five Labour members have won a court case against the party over new members' right to vote in the leadership election. The Labour party has been given permission to appeal to the court of appeal, which will hear the case at 10:30 on Thursday. The case was sparked after Labour's National Executive Committee decided that [...]
Southern Rail: Conductors to go on five-day strike after talks break down August 8, 2016 A five-day strike bringing “misery to hundreds of thousands of passengers” who use Southern Rail is to start this morning, sparking renewed calls from the London mayor for Transport for London to take control of Southern. The strike by conductors on Southern trains will start after the RMT union said talks broke down after Govia [...]
Prime Minister Theresa May wants to end the ban on new grammar schools August 7, 2016 Theresa May is planning to end the ban on new grammar schools in the latest mark of her rein as Prime Minister. The Conservative leader is looking at abandoning the ban that was imposed on selective schools nearly 20 years ago by Tony Blair in 1998, a change opposed by opposition parties. Labour leadership contender [...]
EDF chairman Jean-Bernard Levy to sue union over claims about Hinkley Point review August 7, 2016 EDF chairman and chief executive Jean-Bernard Levy did not know that the UK government would review the Hinkley Point project and is planning to sue a union for stating otherwise. The company said Levy had no prior knowledge of the new government's decision to review the nuclear power project. In a statement, EDF said Levy would [...]
