Pound sinks to six-week low as Theresa May prepares to meet 1922 Committee October 24, 2018 The pound has fallen to a six-week low as Theresa May prepares to meet rebellious Conservative MPs amid fears of a no confidence vote. Sterling fell 0.6 per cent on Wednesday hitting $1.2902 – the lowest level since the beginning of September. The Prime Minister will face down critics from her own party when she [...]
We owe it to our City to take a stand against homelessness October 24, 2018 For the past six months, my daily entry to work has involved passing a young man who is rapidly decaying beside my office. I have seen his decline from reasonable togetherness to life in his own ordure. This, bear in mind, was through the warm summer months. As winter is coming and the weather starts [...]
This Budget, I’m dreaming of a tax system fit for the future October 24, 2018 The announcement that the Autumn Budget would take place in October – almost a month earlier than we’ve become accustomed to – surprised a fair few people. It probably shouldn’t have. Philip Hammond understandably wants his finance bill passed safely through the Commons without it getting caught in the crosshairs of ongoing Brexit negotiations and the [...]
Brussels rejects Italy’s budget, sending it back to the drawing board October 23, 2018 Politicians in Brussels sent shockwaves through Europe this evening after rejecting Italy’s increased spending plans in a stinging and unprecedented display of authority. In its first ever rejection of a member state’s draft budget proposals, the European Commission today demanded that Italy’s populist government must rein in its fiscal ambitions or potentially face heavy fines. Investors reacted [...]
With one person escaping extreme poverty every second, young people must be shown the arguments in favour of capitalism October 23, 2018 The World Bank released some seemingly depressing news last week: nearly half the global population live on less than $5.50 a day. That means that, for all the economic growth we have enjoyed in recent decades, 3.4bn people continue to struggle to meet basic needs. Also last week, you may have caught an old Teen [...]
Trump’s odds of winning a Nobel Peace Prize just shot up October 23, 2018 Donald Trump is now the bookie's favourite to win the Nobel Peace Prize this year, after the President accepted an invitation to meet Kim Jong Un. Ladbrokes has set 2/1 odds on Trump scooping the prize, which was last year awarded to a group which campaigned to abolish nuclear weapons. Previous winners include Trump's predecessor [...]
Turkey’s Erdogan accuses Saudi agents of killing missing journalist October 23, 2018 Turkish president Recep Tayyip Erdogan today accused Saudi Arabian agents of the “premeditated” killing of journalist Jamal Khashoggi. Khashoggi was last seen alive entering the Saudi Arabian consulate in Istanbul on 2 October. Read more: Softbank operations boss to pull out of Saudi investment conference Several groups of Saudi intelligence officers had arrived in the [...]
Sterling could certainly tank, but it won’t be due to Brexit October 23, 2018 Surely here’s only one way the British pound can trade in the coming months. Currency experts are anxiously fixated on what the final details for Brexit will look like. But it seems simple to me: if it’s good, it’s good – and if it’s bad, the country will soon make it better. What does this [...]
DEBATE: With Nick Clegg joining Facebook, can we expect a new revolving door between politics and Silicon Valley? October 23, 2018 With Nick Clegg joining Facebook, can we expect a new revolving door between politics and Silicon Valley? YES, says Leon Emirali, an entrepreneur and investor. Stifling regulation, immense political upheaval, and very deep pockets have created the perfect environment for a politics/tech merry-go-round. For the Silicon Valley giants, it makes perfect sense to use their [...]
The power of choice: Why May must back flexible right to buy October 23, 2018 He may not be well-known now, but former MP Noel Skelton probably had one of the most profound impacts on the guiding philosophy of the Conservative party. His series of pamphlets in the aftermath of the First World War explained clearly how the expansion of education and political rights, without the same expansion of economic [...]