Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
US immigration from the UK doubles following Donald Trump’s election February 28, 2017 A sharp increase in single flight bookings to the US appears to have occurred during January and February, as people rush to beat President Donald Trump’s looming travel ban. The number of one-way flights booked to America from the UK has doubled since the start of 2017 compared to the same period in 2016, according [...]
Pensions triple lock: Labour calls for government to preserve payment structure beyond 2020 February 28, 2017 Labour will today demand that the government guarantees the pensions triple lock beyond 2020. In a speech on intergenerational fairness, Debbie Abrahams, Labour’s shadow work and pensions secretary, will say the current commitments by the Conservative government are not enough. The triple lock increases state pension payments annually by either inflation, average earnings growth or 2.5 per cent, whichever is highest. The [...]
What we want from the government’s long-awaited digital strategy February 28, 2017 The tech industry on both sides of the Atlantic has been united in opposition to restrictive immigration policies, with advocates, entrepreneurs and investors making it clear that access to talent is crucial to building a healthy technology ecosystem. But a global tech sector also requires access to home-grown talent, and a system of training and [...]
The costs of running a business in London are starting to outweigh the benefits February 28, 2017 The late, great Robin Williams once said: “Spring is nature’s way of saying, ‘Let’s party’.” When the chancellor stands up to deliver the last ever Spring Budget next week, however, small businesses in London are likely to be putting party plans on hold unless Philip Hammond can pull the miraculous business rates “rabbit out of the [...]
MPs have warned keeping the pensions triple lock means no one will retire until they’re 70 February 28, 2017 The state pension age may need to rise beyond the life expectancy of some of the UK's poorest places in order to be compatible with retaining the “triple lock” on payments, MPs have today warned. In a report published this morning, parliament's Work and Pensions Committee warned keeping the policy will push the pension age to [...]
Revealed: David Cameron’s mornings begin with Morning Wire February 27, 2017 Last time we checked there were 1,456 reasons why Morning Wire should be the first thing you read every morning, dear reader. And this week, we found another one: former British Prime Minister David Cameron starts his day reading our newsletters. Morning WireEN to that! Read more: Revealed: David Cameron's new jobs Cameron, who was [...]
Housing minister quizzed by MPs on plans to boost housing supply February 27, 2017 The housing white paper is designed to reduce the amount of money wasted, and time spent, on plan making according to housing and planning minister Gavin Barwell. Barwell, MP for Croydon Central, was questioned at the Communities and Local Government (CLG) Committee during the final public session of its inquiry into capacity in the housebuilding [...]
Former Prime Minister John Major has hit out over “unreal” expectations of Brexit February 27, 2017 Former Prime Minister John Major has blasted “unreal” predictions of the UK's future outside of the European Union. Speaking in central London, Major also accused Brexiteers of “demeaning” their former political rivals in the Remain camp by “shouting down legitimate comment”. Major campaigned for a Remain vote in the referendum, and made a series of [...]
The Conservatives’ former leader in the European Parliament has launched a stinging attack on Brexit rebels February 27, 2017 The Conservatives' former top man in the European Parliament has issued a warning against peers interfering with the Article 50 Bill just one day after former Conservative minister Lord Heseltine vowed to fight for amendments. Lord Callanan, the former chair of the European Conservatives and Reformists group in Brussels, has issued a stinging rebuke to [...]