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.... According to the Bank for International Settlements, the UK is far deeper in the red now than it was when Northern Rock collapsed. Government debt has shot up under the Conservatives, but so too has household borrowing. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:00:05 AM
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....The event was called after the transport secretary, Chris Grayling, indicated his support for Crossrail 2, a £30bn train line across London, days after cancelling electrification projects to northern rail lines. It was a Conservative manifesto promise to electrify the lines, with Grayling’s predecessor, Patrick McLoughlin, saying in 2015 that “the electrification programme is central to our ambitious plans to transform the rail network across the country”. ... [Read full article on Guardian ]
Monday 21st of August 2017 05:00:03 AM
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....Despite a new generation of young women participating in politics, with voter turnout among women aged 18 to 24 reaching 53% at the last election compared with just 44% in 2015, the report finds that political parties are failing to engage more women, with the result that they are less likely to go on to become local councillors. Women make up only 38% of Labour party members and only 36% of Conservative party members. ... [Read full article on Guardian ]
Saturday 19th of August 2017 11:05:27 PM
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....On ITV Davis said James Chapman, his former aide, had always been an effective adviser but his opposition to leaving the EU had never wavered. Chapman has called for a new centrist party, claiming Brexit signals the end of the Conservatives. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 08:32:19 AM
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.... “The current outdated structure of rail fares penalises them – they have to either buy a full-time season ticket or expensive peak day fares. Successive transport ministers have promised change; it was even in the Conservative 2015 election manifesto, but nothing seems to be happening. ... [Read full article on Guardian ]
Saturday 19th of August 2017 11:05:27 PM
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.... The consortium also includes Macquarie’s in-house infrastructure fund and the Universities Superannuation Scheme, a pension fund for British higher education institutions. Sir Vince Cable, the Liberal Democrats leader, who started the bank as business secretary when in coalition with David Cameron’s Conservatives, said the deal was “a sad day for environment and green investment in the UK” and that he had “little confidence that new private owners have a green mission”. ... [Read full article on Guardian ]
Friday 18th of August 2017 01:05:09 PM
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.... Isn’t ‘local government’ part of their title?”. But the criticism provoked a strong response from Ben Houchen, the Conservative mayor of Tees Valley, who was elected in May in what he described as a “political earthquake” in Labour’s heartlands. ... [Read full article on Guardian ]
Friday 18th of August 2017 10:54:24 AM
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.... Is Elliott’s 5% stake a large enough lever to move the biggest mining firm in the world?. Jacob Rees-Mogg, the Conservative politician famed for never having changed a nappy and definitely not wanting to be prime minister, this week tweeted the good news that unemployment had fallen to a 42-year low. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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....But experts have said Labour must reveal how it plans to pay for cancelling the planned increases to retirement age. Tom Selby, senior analyst at AJ Bell, said: “Labour is clearly attempting to make state pensions politically toxic for the Conservatives. ... [Read full article on Daily Express ]
Tuesday 15th of August 2017 04:00:00 PM
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Latest Finance News related to Conservative

Day of moaning declared in north of England over train woes image
Source : Guardian [Read Article] Monday 21st of August 2017 05:00:03 AM
....The event was called after the transport secretary, Chris Grayling, indicated his support for Crossrail 2, a £30bn train line across London, days after cancelling electrification projects to northern rail lines. It was a Conservative manifesto promise to electrify the lines, with Grayling’s predecessor, Patrick McLoughlin, saying in 2015 that “the electrification programme is central to our ambitious plans to transform the rail network across the country”. ...
BHP’s shale sale could happen: this is not a drill image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
.... Is Elliott’s 5% stake a large enough lever to move the biggest mining firm in the world?. Jacob Rees-Mogg, the Conservative politician famed for never having changed a nappy and definitely not wanting to be prime minister, this week tweeted the good news that unemployment had fallen to a 42-year low. ...
UK rail fare rise ‘will force key workers to quit city jobs’ image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:27 PM
.... “The current outdated structure of rail fares penalises them – they have to either buy a full-time season ticket or expensive peak day fares. Successive transport ministers have promised change; it was even in the Conservative 2015 election manifesto, but nothing seems to be happening. ...
Councils need 12,000 more women to close gender gap image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:27 PM
....Despite a new generation of young women participating in politics, with voter turnout among women aged 18 to 24 reaching 53% at the last election compared with just 44% in 2015, the report finds that political parties are failing to engage more women, with the result that they are less likely to go on to become local councillors. Women make up only 38% of Labour party members and only 36% of Conservative party members. ...
Government faces fresh criticism over Green Investment Bank sell-off image
Source : Guardian [Read Article] Friday 18th of August 2017 01:05:09 PM
.... The consortium also includes Macquarie’s in-house infrastructure fund and the Universities Superannuation Scheme, a pension fund for British higher education institutions. Sir Vince Cable, the Liberal Democrats leader, who started the bank as business secretary when in coalition with David Cameron’s Conservatives, said the deal was “a sad day for environment and green investment in the UK” and that he had “little confidence that new private owners have a green mission”. ...
'Sick joke' to locate Redcar steelworks job in London, says Labour image
Source : Guardian [Read Article] Friday 18th of August 2017 10:54:24 AM
.... Isn’t ‘local government’ part of their title?”. But the criticism provoked a strong response from Ben Houchen, the Conservative mayor of Tees Valley, who was elected in May in what he described as a “political earthquake” in Labour’s heartlands. ...
Corbyn vows 'flexible' state pension age but won't reveal funding for £20BILLION reforms  image
....But experts have said Labour must reveal how it plans to pay for cancelling the planned increases to retirement age. Tom Selby, senior analyst at AJ Bell, said: “Labour is clearly attempting to make state pensions politically toxic for the Conservatives. ...
UK may have to pay EU in temporary customs union, Davis suggests image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:19 AM
....On ITV Davis said James Chapman, his former aide, had always been an effective adviser but his opposition to leaving the EU had never wavered. Chapman has called for a new centrist party, claiming Brexit signals the end of the Conservatives. ...
Ten years after the crash, there’s barely suppressed civil war in Britain | Aditya Chakrabortty image
.... According to the Bank for International Settlements, the UK is far deeper in the red now than it was when Northern Rock collapsed. Government debt has shot up under the Conservatives, but so too has household borrowing. ...
We helped save Europe: now Europe could save us from Brexit image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
.... Whom do you blame the most: David Cameron? Boris Johnson? Jeremy Corbyn?. But the most convincing answer has been provided by the former Conservative MP Matthew Parris. ...
How the crash discredited the Anglo-US democratic model | Will Hutton image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
....First, aggressive action by British and US states had saved the day – injecting government share stakes, underwriting risks that the market could and would not do and pumping in trillions in liquidity. Second, although there was much Conservative talk of a global recession, it was, as Edward Luce observes in his illuminating book, The Retreat of Western Liberalism, largely an Atlantic recession. ...
The growing gulf in life expectancy shows how austerity has deepened inequalities image
....But Buck says his new research should be a wake-up call to ministers. He has found that, according to all the 15 measures used by the Department of Health to track them, health inequalities worsened under both the coalition and the early period of the Conservative government. ...
Boom or bust: what’s the truth about UK house prices? image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
.... Nearly 190,000 homes were built in 2015-16, an eight-year high, but that was still far short of the 300,000 a year needed to meet demand, according to the Lords economic affairs committee when it looked into the housing crisis last year. The Conservative party pledged in its latest election manifesto to meet a 2015 commitment to deliver a million homes by the end of 2020 and 500,000 more by the end of 2022. ...
Brexit pain for holidaymakers as pound expected to fall further against euro image
....Piling on the misery, the bank described Britain’s economic prospects as “bleak” as it heads for what appears to be a calamitous exit from the EU, with Tory ministers unable to provide clarity on their vision for life outside the bloc. Theresa May, Philip Hammond, Boris Johnson, Chris Grayling, Liam Fox and Michael Gove have given contradictory statements about Conservative plans for trade, customs, tariffs, immigration, air control, a transition period and countless other facets of Britain’s divorce. ...
For the first time ever I am defending banks. Here’s why | John Harris image
.... So plenty of banks are starting to shift parts of their business outside London, to a surprisingly muted response. Philip Hammond, the chancellor, seems to know roughly what is at stake, but swaths of the Conservative party – that historic redoubt of traders, brokers and high-rollers – seem surprisingly unconcerned. ...
10 years after the crash, alternatives are emerging | Letters image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:12:03 PM
....Les BrightExeter, Devon. • As we commemorate the 10th anniversary of the global financial crisis, could we ask Conservative and Lib Dem politicians, together with the media, to stop blaming the last Labour government for the financial meltdown? The responsibility for the crash lies with the banks – although they seem unable to accept that or change their ways. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
.... Or worsening conditions can be blamed on the government’s less-than-stellar negotiating strategy and the appearance that it is entering discussions with its EU partners unprepared. But the inconclusive election reflects the divisions within the Conservative and Labour parties on the Brexit issue. ...
Bank of England to keep animal fat in banknotes despite complaints image
Source : Guardian [Read Article] Thursday 10th of August 2017 10:11:31 AM
.... Some Hindu temples in the UK banned the £5 note. Henry Smith, the Conservative MP for Crawley and a vegetarian, tweeted:. ...
Bank of England warns Brexit will put strain on regulatory resources image
Source : Guardian [Read Article] Tuesday 8th of August 2017 11:01:03 PM
.... “It is incumbent on us to manage this burden but we may have to make some difficult prioritisation decisions in order to accommodate it,” said Woods, chief executive of the PRA. In a letter to Nicky Morgan, the Conservative MP and new head of the Treasury select committee, Woods also described handling the fallout from Brexit as a top priority for the PRA. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
.... Instead, there was a sense of resignation in the hall: an acceptance by a party of the left that the right had won the economic argument. In the early years of the 21st century, the inevitability of an ever more competitive, deregulated, internationally orientated market economy, to which both government and society were subordinate – a doctrine often called neoliberalism – was accepted right across the mainstream of British politics: from the Thatcherites who still dominated the Conservative party; to the increasingly pro-business Liberal Democrats, who would soon form a coalition government with the Tories; to the Scottish National party, whose then leader Alex Salmond praised Ireland and Iceland for their low corporate taxes; to the Blair cabinet itself, where, I was told by a senior Labour figure in 2001, “You won’t find a single member with anything critical to say about capitalism. ...
End Brexit squabbles and nail down transitional deal, IoD urges ministers image
....Along with other cabinet “gradualists” such as Amber Rudd and Damian Green, Hammond believes that for some time after Brexit day in March 2019 the UK should continue to accept free movement, be part of the single market and sign no external trade deals. The former Conservative foreign secretary William Hague said this week Hammond’s plan, possibly adopting an existing model such as staying in the European Economic Area (EEA), had “immense attractions” as a means of avoiding potentially “the greatest economic, diplomatic and constitutional muddle in the modern history of the UK”. ...
Next shares climb 10% on news of online sales surge during heatwave image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:49:40 PM
....The summer sales boost saw Next edge up its sales forecasts for this year. Wolfson, a Conservative peer whose views on the direction of the economy are followed closely, added: “I’m marginally less pessimistic than I was three months ago. ...
Price cap still possible, government warns energy companies image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:19:42 PM
.... But we will legislate if it comes to it,” the source said. The business secretary, Greg Clark, wrote to Ofgem in June asking it to safeguard “customers on the poorest value tariff”, appearing to soften on a Conservative manifesto pledge to introduce a cap on standard variable tariffs used by 17m homes. ...
British Gas raises electricity prices by 12.5% image
Source : Guardian [Read Article] Tuesday 1st of August 2017 06:50:36 AM
....co. uk, said: “I’m worried the Conservatives’ promise to ‘end unfair practices in the energy market’ will make people think they don’t need to switch. ...
Nicky Morgan requests assessment of City's readiness for hard Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 11:01:01 PM
. The Conservative MP Nicky Morgan has asked the Bank of England to provide comprehensive details of the City’s readiness for a hard Brexit, in an early indication of the agenda she hopes to pursue as head of one of parliament’s most influential committees. ...
Brexit border chaos will cause huge delays and cost £1bn a year, says report image
....”. Charlie Elphicke, the Conservative MP for Dover and Deal, said the report “underlines why we must take action now to ensure we are ready on day one for every eventuality. ...
Labour used to be the party that saw the folly of leaving the EU image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:05:04 PM
.... Cameron failed lamentably, and his mishandling of this vital issue is sometimes described as the biggest prime ministerial disaster brought upon the nation since Lord North lost the American colonies. The Conservative party is probably split even more over Europe now than it was before; and, although the extent of the disaster is dawning only slowly on the British public, most foreigners I meet – from France to Japan – scratch their heads and ask “why has your once great country voted to commit economic suicide?”. ...
BT offers to bring fast broadband to every rural community by 2020 image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:04:03 PM
....BT’s subsidiary Openreach, which controls the UK’s broadband network, has told ministers it will spend £600m to ensure 1. 4 million rural homes have access to a minimum speed of 10Mb by 2020, meeting a Conservative pledge. ...
Ministers vow to end employment tribunal fees after court defeat image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:11:45 AM
....The Liberal Democrat deputy leader, Jo Swinson, who was minister for employment relations when the coalition introduced the fees, said the party had become increasingly concerned about the effects on access to justice and admitted they had been unfair. “The Conservatives repeatedly blocked my requests for action to redress this in coalition, and then stuck their heads in the sand when official research on pregnancy discrimination showed how much tribunal fees are a problem,” she said. ...
Why not fund the welfare state with a 100% inheritance tax? | Abi Wilkinson image
. Like most of the British public, I disliked the Conservatives’ “dementia tax” proposal during the election campaign. ...
Revealed: the insidious creep of pseudo-public space in London image
Source : Guardian [Read Article] Monday 24th of July 2017 06:30:29 AM
....”. Her words were echoed by Daniel Moylan, a Conservative councillor in London who served as a senior adviser to Boris Johnson during his time as mayor. ...
Brexit economy: sterling fall hits public finances and fails to boost trade image
....The pound started to fall against other currencies in the autumn of 2015 as financial markets started to factor in the possibility of the UK voting to leave the EU. By the time it reached its low point shortly after Theresa May raised the prospect at the Conservative party conference of Britain leaving without a deal, sterling had fallen by 22% against a basket of currencies. ...
Drop in wind energy costs adds pressure for government rethink image
Source : Guardian [Read Article] Sunday 23rd of July 2017 05:03:35 PM
....By contrast, Arup’s report found that windfarms could be delivered for a maximum of £50-55 per MWh across 15 years. ScottishPower, which commissioned the analysis, hopes to persuade the government to reconsider its stance on onshore windfarms, which the Conservatives effectively blocked in 2015 by banning them from competing for subsidies and imposing new planning hurdles. ...
While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
....Hammond is worried about the economic implications of Brexit but he also knows that Britain faces challenges from a growing, elderly population. The demographic time bomb is ticking loudly: hence last week’s announcement to raise the pension age for those born in the 1970s, and the disastrous decision to include plans for a “dementia” tax in the Conservative party manifesto. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
....MPs last week turned up at the offices of controversial ticket resale site Viagogo, fed up with the company’s reluctance to engage in a parliamentary investigation into ticket touting. Conservative MP Nigel Adams and Labour’s Sharon Hodgson were sent packing – but even so they demonstrated their persistence in tackling the subject of secondary ticket sales. ...
Full speed ahead for train builders as minister pulls plug on electrification image
....If it is bad news for communities whose railways will never reach the improved level of service promised, it also marks a moment where the dial is turning down of investment in the UK’s rail network. Escaping much scrutiny, the transport secretary, Chris Grayling, also last week issued 2017’s version of a document that in 2012 heralded what the Conservatives vaunted as the “biggest investment in rail since Victorian times”: a draft of Network Rail’s £38bn five-year plan and the basis for a 2015 manifesto listing a string of transport goodies for the regions – not least the Northern Powerhouse. ...
Boots apologises over morning-after pill pricing row image
Source : Guardian [Read Article] Friday 21st of July 2017 01:34:17 PM
....Boots had said on Thursday it would not lower the cost of the morning-after pill despite a campaign from the British Pregnancy Advisory Service (BPAS), a leading provider of abortion care, with its chief pharmacist, Marc Donovan, stating that the company did not want to be accused of “incentivising inappropriate use”. Campaigners said the statement was insulting and sexist, and on Friday Anna Soubry, the Conservative MP for Broxtowe – where the Boots headquarters is located – said she was also writing a letter to the company asking it to make clear its reasons for not reducing prices. ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
....Of the big six, SSE has the highest percentage of customers – 91% – on standard variable tariffs, the default rates that bill-payers move on to when cheaper, fixed, deals come to an end. Such tariffs were criticised as a “rip-off” by Theresa May and ministers during the general election campaign, and both the Conservatives and Labour threatened to impose a price cap on them. ...
MPs threatened with arrest after protest at Viagogo office in London image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:48:26 PM
....Two MPs have been threatened with arrest after attempting to “doorstep” the bosses of Viagogo at the controversial ticket resale company’s “secret” offices in central London. Conservative MP Nigel Adams and Labour’s Sharon Hodgson said they felt they had no choice but to turn up at Viagogo’s offices on Fenchurch Street in London on Thursday as the “shifty, slippery and secretive” company continues to ignore all official correspondence after snubbing the parliamentary inquiry into ticket touting. ...
Grayling sparks fury by scrapping rail electrification plans image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:21:48 AM
.... This means that we no longer need to electrify every line to achieve the same significant improvements to journeys, and we will only electrify lines where it delivers a genuine benefit to passengers,” he said. Labour said the news showed the Conservatives had been “taking people for a ride”. ...
It’s not just the BBC: pay disparity is a blight on the whole UK | Polly Toynbee image
.... Share price, productivity and profits can all sink, yet their pay still rises inexorably. Even the Conservative manifesto inveighed against it, promising to legislate to force listed companies to publish ratios between executive pay and the rest of their workforce. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
....The overall retirement age is then to rise to 67 by 2028 - but had not been due to rise to 68 by 2046. It comes after the Conservatives were forced to maintain the state pension triple lock, as part of its deal with the Democratic Unionists Party. ...
Top firms must publish figures on ethnic diversity, says report image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:01:11 AM
.... A government-backed report by businesswoman Ruby McGregor-Smith, published in February, said that £24bn could be added to to UK economy each year if minorities were able to progress through their careers at the same rate as their white counterparts. That report by McGregor-Smith, a Conservative peer and former chief executive of the facilities management company Mitie, was published shortly after a government-commissioned review by businessman Sir John Parker concluded the should be a voluntary target for FTSE 100 companies to have least one non-white director by 2021. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....The refusal of his former employer, the chemicals company Innospec, to grant his partner the same benefits it would have awarded a wife infuriated Walker. Not only had the company promised to do so, Walker believed, but the Department of Work and Pensions’ opposition undermined claims that the Conservatives had delivered equal rights to gay and lesbian citizens. ...
UK 'sleepwalking' into food insecurity after Brexit, academics say image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....”. Tom Brake, the Lib Dems’ Brexit spokesman, said: “The Conservatives seem utterly overwhelmed by the scale of the task and are incapable of dealing with the consequences of the extreme Brexit they have chosen. ...
The Guardian view on the 1%: all gain, no pain | Editorial image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:59:34 PM
.... Labour have their answer: taxing the rich and spending to reshape the welfare state. The Conservatives understand the problem but do not want to intervene and regulate to ensure the stability that affordable homes, job security, educational prospects bring. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
.... Every day brings news of economic slowdown and mounting concern at the Bank of England about the wisdom of tightening monetary policy in the face of the gathering British economic storm. Yet the Conservatives in parliament seem to be dominated by a powerful minority of ideological Brexiters who are determined that these so-called negotiations with the other 27 will end in tears. ...
Top 1% of households in UK fully recovered from financial crisis image
Source : Guardian [Read Article] Friday 14th of July 2017 11:01:36 PM
.... They are the only group that had so far failed to see incomes return to pre-crisis levels. The thinktank said the report highlighted a country increasingly divided by age, by housing tenure and by inequality – and that all three factors had been important in the shock election result in which Labour gained 30 seats and deprived the Conservatives of an overall majority. ...
Retirement age MUST rise or young families pay the price, pension committee head warns image
....uk, MP Frank Field raised the possibility of select committees having greater powers, including to introduce bills, as he blasted the Government's decision to maintain the state pension triple lock. There is "no free ride" said the chair of the influential pensions committee, after the Conservative and DUP deal maintained the state pension triple lock, which guarantees income rises by at least 2. ...
British companies must have voices heard on Brexit, says MP image
Source : Guardian [Read Article] Friday 14th of July 2017 05:26:11 PM
....Backbench MPs are expected to be unusually powerful in this parliament, after the government’s majority was wiped out by the 8 June election, and the new crop of select committee chairs are expected to provide a robust challenge to the prime minister. Nicky Morgan, the Conservative former education secretary who is the new chair of the treasury select committee, has been a vocal critic of May’s approach to Brexit. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
....A group of high-profile senior MPs have claimed that Ofcom made a “serious legal error” in its handling of Rupert Murdoch’s bid for Sky and could face a judicial review unless the government orders a full investigation into the threat to broadcasting standards from the deal. Ed Miliband, the former Labour leader, Sir Vince Cable, the Liberal Democrat leadership candidate, Kenneth Clarke, the former Conservative chancellor, and Lord Falconer, the Labour peer and former lord chancellor, claim in a letter to the government that there was a “fundamental failure” in Ofcom’s investigation into the proposed £11. ...
Zero-hours workers won’t be reassured by the Taylor review – I’ve been one | Poppy Noor image
.... Eventually I realised that what he was actually doing was reminding me that beggars can’t be choosers. Conservative MP Chris Philp was making the same sort of point on the Daily Politics on 11 July when he criticised calls for better conditions for low-paid workers on the basis that they had “chosen” it. ...
Renewable power critic is chosen to head energy price review image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:47:05 AM
....Dieter Helm, an economist at the University of Oxford, has been chosen by the Department for Business, Energy and Industrial Strategy (BEIS) to carry out the review, the Guardian has learned. The Conservative manifesto promised that the resulting report would be the first step towards “competitive and affordable energy costs”. ...
May relaunches premiership with new protections for gig economy workers image
....Corbyn was responding to May’s parliamentary statement on the G20 meeting in Hamburg, which she attended on Friday and Saturday. He expressed surprise she had so much to contribute to the summit, claiming there was barely anything on international policy in the Conservative election manifesto. ...
The UK economy must take a long, hard look at itself | Larry Elliott image
....In the 1970s, both left and right were agreed that the economy required fundamental changes. The Conservatives had Thatcherism, a blast of the free market designed to shake Britain out of what was seen as corporatist complacency; Labour had the Alternative Economic Strategy built around nationalisation, planning agreements between state and industry, and reflation behind tariff walls. ...
Gig economy: now is the time to ease the burden for workers image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:00:16 AM
....Field’s latest report drew on accounts from workers at Parcelforce, DPD and British Car Auctions but it echoed the findings of his earlier work, including the original review that prompted May to appoint Taylor. In the coming days the Taylor report will be published and it will present the first test of the Conservatives’ manifesto promise to “make sure that people working in the ‘gig’ economy are properly protected”. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
....Labour cannot even support without equivocation keeping Britain in the customs union. Bravery would bring the political benefit of splitting the Tory party, as Phillip Hammond and liberal Conservatives know that the bureaucracy leaving the customs union will impose will place an intolerable burden on business. ...
After Andrew Tyrie: the race to become the Commons’ new inquisitor general image
. A hotly contested race for one of Westminster’s most coveted jobs enters its final stages this weekend as six Conservatives battle to run the powerful Treasury select committee. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
....Its report, Living With Austerity, said that given the curbs on spending since 2010 it was understandable that politicians would want to revisit the debate, but that they had to face up to the costs involved. Theresa May’s failure to win an overall majority in last month’s general election has led to many leading Conservatives – including the foreign secretary, Boris Johnson, health secretary Jeremy Hunt and the education secretary Justine Greening, suggesting that the time has come to abandon the 1% cap on public sector pay. ...
People want a 'sensible Brexit', says Philip Hammond image
Source : Guardian [Read Article] Friday 7th of July 2017 04:26:44 PM
....”. However, he appeared to acknowledge that the Conservatives’ reputation had suffered, adding: “In doing so we will rebuild our reputation with our public. ...
Parliamentary motion calls on Sainsbury's to retain Fairtrade mark image
Source : Guardian [Read Article] Friday 7th of July 2017 04:04:44 PM
....”. The motion, which is backed by Conservatives including Peter Bottomley, Lib Dems including Jo Swinson, Labour MPs including Catherine McKinnell, as well as Plaid Cymru MP Hywel Williams, says: “This house deeply regrets the decision by the supermarket Sainsbury’s to drop the Fairtrade mark for its own-brand tea and develop its own certification scheme; notes that the Fairtrade Foundation is a respected organisation and part of a global network that strives to ensure that farmers and workers in developing countries get a better deal for their produce. ...
British strawberries could cost 50% more because of Brexit, MPs told image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:27:19 PM
.... MPs heard that the British summer fruits association predicted prices could rise by up to 50% because of seasonal labour shortages – which would only get worse after Brexit. Tom Tugendhat, Conservative MP for Tonbridge and Malling, said the seasonal workers picking fruit in Kent were highly skilled and paid well over the national minimum wage. ...
UK faces tightest squeeze on household incomes for five years image
Source : Guardian [Read Article] Thursday 6th of July 2017 12:57:38 PM
.... It was the steepest decline since the end of 2011 and driven by increasing prices of goods and services, the Office for National Statistics (ONS) said. The figures add to evidence of falling living standards in the months running up to the general election when the Conservatives failed to win a majority. ...
'Shame on you!' Campaigners ERUPT as minister tells women hit by pension delay to RETRAIN image
....Tory backbenchers who support the Women Against State Pension Inequality (WASPI) campaign could now revolt against the Government, joining Labour and the DUP to break Theresa May's majority on the issue. During yesterday's debate Conservative MP Keith Simpson, revealed his own wife had been hit the change which, in line with men, is bringing the women's state pension age to 66 by 2020. ...
City firm Nex to pay back donations made to Tory election candidates image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:34:34 PM
. A City business run by a former Conservative party treasurer has agreed to pay back donations made to five of the party’s general election candidates running against Liberal Democrats following a shareholder revolt. ...
Theresa May defends public sector pay cap under pressure from Labour image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:23:29 PM
....But the analogy represented a significant ratcheting up of the pro-austerity argument from May. A Conservative spokesman emphasised remarks afterwards, saying: “There are siren calls from Labour to abandon any kind of fiscal restraint whatsoever. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
.... The Help to Buy stimulus is now primarily to housebuilders’ profit margins. Michael Spencer, the chief executive of City broker Nex (the old Icap) and former treasurer of the Conservative party, ought to know better. ...
State pension age to rise SOONER than expected: Minister warns ‘big decisions’ looming image
....But in a major blow for people heading towards retirement, it is feared the Government could bring forward the increase in an effort to make savings. The development comes after the Conservatives were forced to maintain the state pension triple lock, which means the payment increases by at least 2. ...
Hammond says UK must 'hold nerve' over public pay image
Source : BBC [Read Article] Tuesday 4th of July 2017 06:45:30 AM
....". After the Conservatives' failure to win an overall majority, he said it was up to his party to again make the case for a market-based economy, underpinned by sound public finances. ...
Secretary of state for hot air denies the energy price cap fits him | John Crace image
....Quite a lot, actually. Alan Whitehead, Labour’s shadow energy minister, thought most people would quite like to know what had happened to the Conservative manifesto that promised an energy price cap across the board for 17 million households. ...
Hinkley Point C: the government should start planning alternatives | Nils Pratley image
....What Clark is really looking forward to seeing, one suspects, is everybody forgetting that the prime minister once promised to “protect around 17 million families on standard variable tariffs” by knocking £100 off their energy bills every year. Don’t blame Ofgem, incidentally, for declining to live up to the Conservative party’s election hype. ...
Hinkley Point: EDF adds £1.5bn to nuclear plant cost image
Source : BBC [Read Article] Monday 3rd of July 2017 01:28:56 PM
....2008: The project is earmarked by the Labour government as a potential site in a "nuclear renaissance". 2013: The Conservative-Liberal Democrat coalition government approves construction of Hinkley Point C and agrees commercial terms with EDF. ...
New energy price cap considered image
Source : BBC [Read Article] Monday 3rd of July 2017 01:04:50 PM
....This could be extended to about two million others on certain benefits. The proposals come after a much wider cap in the Conservative manifesto was absent from the Queen's Speech. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
. Labour has accused the government of betraying millions of households after the energy regulator published proposals to extend a price cap for vulnerable customers that fell well short of the Conservatives’ election promises. ...
Brexit: British officials drop 'cake and eat it' approach to negotiations image
.... “The cabinet is pretty divided, but both sides of the argument are getting airtime. Quite a few people in the Conservative party, including the chancellor, [have] said that one of the reasons the election went the way it did is that the Conservatives abandoned their traditional territory of being the party of business and the economy. ...
Hard Brexit has been confounded by some harder realities image
Source : Guardian [Read Article] Sunday 2nd of July 2017 06:00:21 AM
.... (Nothing like an assault on red tape, eh?). And why is all this nonsense happening? Largely because of the anti-Europeanism that Lord Heseltine recently described as “the cancer gnawing away at the heart of the Conservative party”. ...
Barclays sees the beak about the bailout image
Source : Guardian [Read Article] Sunday 2nd of July 2017 05:59:20 AM
....8bn emergency fundraising conducted by the bank in 2008 that allowed it to avoid a bailout by the taxpayer. The decision to charge the four came after a series of postponements and amid plans in the Conservative manifesto for the Serious Fraud Office to be abolished – a threat that now appears to have been dropped after it did not feature in the Queen’s speech, which sets out the government’s agenda for the coming year. ...
Murdochs or the Enlightenment? Only one will take Britain forward | Will Hutton image
.... They are sovereign over their newspaper assets. They are ever more daring in being hyper partisan for one political cause – the right wing of the Conservative party and its Euroscepticism. ...
Savers warning: Pension tax relief could soon be SLASHED image
Source : Daily Express [Read Article] Saturday 1st of July 2017 02:05:00 PM
. It's feared reforms of retirement saving incentives, which have been looming for years, may be brought forward after the Conservatives formed a Government with the DUP. ...

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