Osborne to slash corporation tax to below 15 per cent in bid to create a “super-competitive economy” July 3, 2016 George Osborne is planning to slash corporation tax to below 15 per cent in a bid to create a "super-competitive economy". The cuts are part of the chancellor's plan to attract businesses discouraged from investing in Britain following Brexit. In an interview with the Financial Times, Osborne said he wants Britain to boast the lowest corporation tax rate of [...]
Tens of thousands march in London to protest the Brexit vote July 2, 2016 Tens of thousands of people are marching in London today to protest the UK's democratic decision to leave the European Union. Protesters taking part in #marchforeurope are heading to Parliament holding banners saying slogans such as "I am really quite cross", "Shame on liars, xenophobes, Farage Johnson Gove" and "2nd Referendum". There will be speakers at Parliament Square from [...]
These are the things that are likely to happen before Brexit July 1, 2016 There has been much speculation over when the formal Brexit process will start, with no clear deadline set. Now bookmaker Betway has issued a list of things that are likely to take place before Article 50 is triggered, which will kick off the UK's official withdrawal from the EU. The betting firm has odds of 1/14 [...]
AmazonFresh opens up to new London postcodes June 30, 2016 US online retailer Amazon has expanded its recently launched fresh food delivery service, Amazon Fresh, across London. Its footprint has grown from 69 to 128 London postcodes less than a month after it began the service in London. Amazon Fresh’s arrival sent shockwaves through the grocery industry. Online supermarket Ocado’s shares fell to a three-year [...]
Boris Johnson pulls out of Conservative leadership race – leaving Theresa May odds-on to become next Tory leader June 30, 2016 Boris Johnson has announced he will not seek the Tory leadership, after weeks of speculation that the former London mayor was hoping to become the next Prime Minister. "Having consulted colleagues and in view of the circumstances in parliament I have concluded that [the next Conservative leader] cannot be me," he said in a speech at [...]
Global investors back London to retain financial centre crown after Brexit June 30, 2016 London will retain its position as a world-leading financial centre despite last week’s Brexit vote, according to a poll of global institutional investors seen by Morning Wire Two-thirds of those surveyed by FTI Consulting said the capital is unlikely to lose this coveted status. The results of the survey emerge as the FTSE 100 staged [...]
Farewell London, hello Edinburgh? Financial services will find a new home if we leave the Single Market June 28, 2016 So we know London didn’t vote to leave the EU and nor did Scotland or Northern Ireland. But we know England did. For many Scots – like me – who have built global businesses out of London as Europe’s financial capital, there is a real sense that this vote and therefore Brexit is “not in my name”. [...]
What will Brexit mean for the City? June 27, 2016 Online protest-petitions aside, the people have spoken and the UK is now facing an exit from the European Union. What might this mean for the City, and Britain’s businesses more broadly? The short term We are already in the midst of extreme political uncertainty, and thus it is unsurprising to see panic and volatility in the [...]
Your Monday coffee boost: There is now a Nespresso cafe in Canada June 27, 2016 Coffee connoisseurs in need of a boost this Monday need look no further than the new Cafe Nespresso, which opened its doors today on Cheapside in Canada. At the first UK cafe pilot, following a successful trial last year in Vienna, fans can be treated to non-alcoholic coffee mocktails including rose cappucino, [...]
Shadow business secretary Angela Eagle set to quit as Corbyn faces leadership revolt June 26, 2016 Shadow business secretary Angela Eagle will be one of the next high profile members of Jeremy Corbyn's shadow cabinet to quit, Morning Wire understands. In total, 11 members of the shadow cabinet have resigned while shadow foreign secretary Hilary Benn was sacked in the early hours of Sunday morning for allegedly encouraging ministers to resign. Senior Labour MPs [...]