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....”. Commenting on the jobs warning, John McDonnell, Labour’s shadow chancellor, said: “This threat to 100,000 jobs was all too predictable, given the Tories’ extreme approach to the Brexit negotiations. ... [Read full article on Guardian ]
Tuesday 4th of April 2017 11:34:52 AM
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....Like other major tech firms, Google has come under pressure over its tax arrangements. Labour said the firm was still not paying its "fair share" of tax in the UK. ... [Read full article on BBC ]
Friday 31st of March 2017 02:19:00 PM
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....May used the Conservative spring conference in March to say that plans would be unveiled soon, because “relying on switching alone to keep prices down is clearly not working”. The speech had echoes of the former Labour leader Ed Miliband’s promise in 2013 to freeze energy prices. ... [Read full article on Guardian ]
Monday 17th of April 2017 03:43:01 PM
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....The man in charge of Southern rail, the train network that has become synonymous with delays, cancellations and strike action, was paid £495,000 last year. The deal awarded to Charles Horton, chief executive of Southern’s parent firm Govia Thameslink (GTR), drew fire from the National Union of Rail, Maritime and Transport workers (RMT) and the Labour party. ... [Read full article on Guardian ]
Monday 10th of April 2017 10:09:03 AM
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.... In Germany, AfD polls no higher than 10%. Meanwhile, Dutch voters last month flocked to the pro-EU Green and D66 parties, reducing the once-proud and powerful social-democratic Labour party to fringe-party status. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 07:00:41 AM
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. Labour says it would scrap Theresa May's Brexit plans and unilaterally guarantee the rights of EU residents before talks start, if it wins power. ... [Read full article on BBC ]
Tuesday 25th of April 2017 06:32:28 AM
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....Work and Pensions Secretary Damian Green told ITV people felt "taken advantage of" by energy firms. Labour said the plan should be taken with "a pinch of salt", while price comparison company uSwitch said it would "do more harm than good". ... [Read full article on BBC ]
Sunday 23rd of April 2017 11:10:39 AM
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....Owners of diesel cars - who were encouraged by previous governments to buy them as they were thought to be more economical and less harmful in terms of carbon dioxide emissions - have expressed anger and confusion at the move. Former Labour Chancellor Gordon Brown introduced a lower vehicle tax for diesel cars in 2001 - but there has been increasing concern that they emit dangerous levels of nitrogen dioxide, which is thought to cause thousands of premature deaths in the UK. ... [Read full article on BBC ]
Wednesday 5th of April 2017 06:16:46 AM
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.... That plan is due by the end of the month. The prospect of higher taxes has upset many car owners who were encouraged to buy diesel cars in the early 2000s by tax changes made by the Labour government. ... [Read full article on BBC ]
Wednesday 5th of April 2017 08:17:31 AM
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....In its recent white paper on housing, the communities secretary, Sajid Javid, promised an end to “leasehold abuse” by which homebuyers are locked into leases with spiralling ground rents. But Labour’s housing spokesman, John Healey, said: “This report shines new light on the difficulties faced by some homeowners who own their home on a leasehold basis. ... [Read full article on Guardian ]
Wednesday 5th of April 2017 06:01:13 AM
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.... Schneider said those projects were now effectively dead. Unions and the Labour party called on the UK government to step in and support the proposed Moorside nuclear power station in Cumbria, which would be Europe’s biggest if built. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 08:20:19 AM
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....But it falls way short of Mr Trump's campaign pledge to end the H-1B visa programme. Mr Trump will direct the departments of State, Justice, Homeland Security and Labour to propose reforms to the scheme, which allows American employers to bring foreign workers to fill US jobs. ... [Read full article on BBC ]
Tuesday 18th of April 2017 03:26:13 PM
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....An official announcement is expected to be made by Nick Hurd, the climate minister, on Thursday, the Guardian understands. Labour, the Liberal Democrats and the Green party have criticised the sale, questioning Macquarie’s track record and commitment to green energy. ... [Read full article on Guardian ]
Wednesday 19th of April 2017 08:54:43 PM
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.... However, Barclays admitted it was a “serious” offence that would lead to its chief executive receiving a formal written reprimand and a “very significant” cut to his bonus. John Mann, the Labour MP and member of the Treasury select committee, called on Staley to resign while the Institute of Directors said it was “clearly disappointing” that Barclays had breached its own rules on protecting whistleblowers. ... [Read full article on Guardian ]
Monday 10th of April 2017 09:06:17 AM
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....Jeremy Corbyn has accused some of Britain's biggest firms - including Capita and Marks and Spencer - of late payment to small suppliers. The Labour leader said big business was holding back £26bn a year by not paying bills on time and it was driving 50,000 small firms out of business. ... [Read full article on BBC ]
Tuesday 11th of April 2017 12:11:53 PM
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....The government insists Brexit will give the UK greater control of its borders. But Labour said Mrs May's comments showed she was trying to "downplay expectations". ... [Read full article on BBC ]
Wednesday 5th of April 2017 02:32:01 AM
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....The government is supposed to be publishing plans to help energy consumers later this month. Given the ridicule heaped on Ed Miliband when, as Labour leader, he suggested capping energy prices, that solution is surely unlikely. ... [Read full article on Guardian ]
Sunday 16th of April 2017 05:59:23 AM
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....Four million homeowners in England do not own the freehold to their properties, new government estimates have revealed. Labour says these leaseholders are currently "unprotected" from "rip-off rises in 'ground rents' from developers or management companies". ... [Read full article on BBC ]
Thursday 6th of April 2017 03:19:01 PM
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....The energy industry has reacted with scepticism to the plan, saying it could lead to higher prices. Labour said the proposal should be taken with "a pinch of salt", adding that energy bills had "soared" under a Conservative government. ... [Read full article on BBC ]
Monday 24th of April 2017 07:29:03 AM
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....A subsequent Department for Transport investigation found that 37 top-selling diesel cars exceeded the legal limit required for laboratory pollution tests when driven for 90 minutes on normal roads. Consumers had been urged to switch away from petrol cars in a move to reduce carbon dioxide emissions under the last Labour government, which has made ministers anxious not to penalise those who bought diesel cars. ... [Read full article on Guardian ]
Saturday 15th of April 2017 11:49:17 PM
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....” Experts say the true level of losses may be higher. Committee member Rachel Reeves, the Labour MP who questioned the FCA about the problem in January, said: “The security flaws that allow fraudsters to use contactless cards even after they have been cancelled need to be tackled urgently. ... [Read full article on Guardian ]
Thursday 30th of March 2017 09:13:12 AM
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.... Rupert Murdoch and his son Lachlan Murdoch are both joint chairmen of 21st Century Fox and News Corp, while his other son, James Murdoch, is chief executive of Fox. Labour has raised objections to the takeover and has urged Prime Minister Theresa May to keep her promise of standing up to powerful interest groups. ... [Read full article on BBC ]
Friday 7th of April 2017 02:37:06 PM
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.... But the positive case for European cooperation and reconsideration of Brexit may be made as the rather frightening implications of the world views of Putin and Trump become more evident. When Harold Macmillan, prime minister 1957-63, made his famous remark that what he feared most was “the opposition of events, dear boy”, he was also having a go at the weakness of the divided Labour opposition at the time. ... [Read full article on Guardian ]
Sunday 9th of April 2017 06:00:00 AM
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....It is, on the face of it, an extraordinary accusation to make. But had the Centrica chief executive made the same charge against the first person to propose energy price caps - Ed Miliband, who came up with the policy when Labour leader - no-one would have batted an eyelid. ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:07:41 AM
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.... The temporary positions are now considered a “must have” on the CV of any young person seeking a job, with nearly half of professional employers admitting that candidates without work experience “have little or no chance of receiving a job offer”. The report, The Inbetweeners: The New Role of Internships in the Graduate Labour Market, claims that while about 11,000 internships are advertised each year, the real number on offer is as high as 70,000. ... [Read full article on Guardian ]
Saturday 15th of April 2017 07:11:58 PM
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....Rising prices and stagnant wage growth have resulted in the first fall in living standards in two and a half years, according to official figures. Labour market data from the Office for National Statistics showed that regular pay in the UK in February was 1. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 12:14:56 PM
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....“The UK corporate governance system is recognised throughout the world as of high quality. However, recent scandals and the issue of executive pay have undermined public trust in corporate culture,” said the committee’s chair, Labour MP Iain Wright. ... [Read full article on Guardian ]
Wednesday 5th of April 2017 05:30:12 AM
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. The Labour party has said it would force big companies to publish full tax returns to expose any “sweetheart” deals that firms arrange with the taxman to potentially reduce their tax bills. ... [Read full article on Guardian ]
Friday 14th of April 2017 11:01:09 PM
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. Are you rich if you earn £70,000? According to the Labour MP John McDonnell, you are. ... [Read full article on Guardian ]
Wednesday 19th of April 2017 03:40:40 PM
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....5%. Labour market figures on Wednesday will offer new insights into whether looming Brexit negotiations have started to affect hiring decisions and will shed light on whether pay growth is keeping pace with inflation, or if incomes are in fact falling in real terms. ... [Read full article on Guardian ]
Sunday 9th of April 2017 11:01:21 PM
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Latest Finance News related to Labour

AA boss shortlisted for economics prize for ‘road miles’ allowance plan image
....The Kings are joined on the shortlist by an eclectic mix of transport planners from Australia, a Hungarian graduate and a stay-at-home mother who is expecting her third child imminently. Sir John Kingman, the chairman of the judging panel, said that the hundred-plus entries, which were submitted anonymously to judges including the former Labour chancellor and transport secretary Alistair Darling, contained some “quite funky ideas”, with a Harvard professor among those who had just failed to make the cut. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
.... She would only say that “pension incomes would continue to increase” under a Conservative government, in response to a direct question on the future of the triple lock from SNP’s Westminster leader, Angus Robertson. Labour would leap on the abandonment of the triple lock as a raid on pensioners’ finances. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
.... Between 1909 and 1914 the landed gentry, in the form of the House of Lords, effectively sabotaged an attempt to introduce LVT by the then Liberal government’s chancellor, David Lloyd George. In the most polarised election for decades, his words should inspire the Liberal Democrats and Labour now: “a fully-equipped duke costs as much to keep up as two dreadnoughts, but is much less easy to scrap”. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
....The March parliamentary hearing was the second time Transline had been called to appear in front of MPs in less than a year, with the first hearing ending disastrously for the company when its finance director, Jennifer Hardy, was accused of misleading parliament. Her evidence provoked Iain Wright, Labour MP and chair of the House of Commons business, innovation and skills select committee, to call on Sports Direct’s founder and majority shareholder, Mike Ashley, to consider axing Transline, which he said had not been candid about the reasons for its lack of an operating licence from the Gangmasters Licensing Authority, an industry watchdog. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
....”. Wes Streeting, a Labour member of the Treasury committee said: “I learned a huge amount serving under Andrew Tyrie’s chairmanship of the Treasury committee. ...
Brexit: Labour's Sir Keith Starmer wants talks over customs union image
. Staying in the EU's customs union should be "on the table" in Brexit negotiations, Labour's Sir Keir Starmer has told the BBC. ...
Theresa May promises personal tax allowance will go up to woo working-class voters image
....Defence secretary Sir Michael Fallon says the Tory manifesto will be aimed at cutting taxes. He told The Telegraph: “The manifesto will certainly make clear which side of this argument we’re on – it’s Labour governments that increase tax, it’s Conservative governments that take the lower paid, in particular, out of tax. ...
Government lacks faith in free market, says energy boss image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:07:41 AM
....It is, on the face of it, an extraordinary accusation to make. But had the Centrica chief executive made the same charge against the first person to propose energy price caps - Ed Miliband, who came up with the policy when Labour leader - no-one would have batted an eyelid. ...
The doom-mongers got it wrong: the centre is holding in Europe | Joris Luyendijk image
.... In Germany, AfD polls no higher than 10%. Meanwhile, Dutch voters last month flocked to the pro-EU Green and D66 parties, reducing the once-proud and powerful social-democratic Labour party to fringe-party status. ...
General Election 2017: Labour's 'day one' pledge to EU nationals image
. Labour says it would scrap Theresa May's Brexit plans and unilaterally guarantee the rights of EU residents before talks start, if it wins power. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
.... That is a gross misrepresentation of the final version of Miliband’s proposal, which was tweaked to take account of falling wholesale prices. As the former Labour leader pointed out, his party’s manifesto at the 2015 general election was clear: “Labour will freeze energy bills until 2017, ensuring that bills can fall but not rise. ...
Minister makes U-turn over £300m business rates relief fund image
Source : Guardian [Read Article] Monday 24th of April 2017 06:16:40 PM
....For example, a property boom in the Suffolk coastal town of Southwold forced rateable values up by 152%, with some shop owners saying the resulting hike in their rates bill threatened the viability of their businesses. Rachael Maskell, the Labour MP for York Central, described the situation created by the revaluation as “totally unfair” as although more small businesses were exempt from rates in her constituency others had seen their rateable value increase by 600%. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
....". Both price cap models are fundamentally different to the controls advocated by Labour leader Ed Miliband in the run-up to the 2015 election. ...
Pensioners’ election REBELLION: Demands for May to look at pension issue for UK's 5MILLION image
. And campaign groups are getting set to tackle the Conservative party and Labour Party on the doorsteps as campaigning for the June 8 election gets ready to step up a gear. ...
General Election 2017: Energy bill cap 'will hit consumers' image
Source : BBC [Read Article] Monday 24th of April 2017 07:29:03 AM
....The energy industry has reacted with scepticism to the plan, saying it could lead to higher prices. Labour said the proposal should be taken with "a pinch of salt", adding that energy bills had "soared" under a Conservative government. ...
Bill sets out plan to tackle 'extortionate' UK overdraft fees image
Source : Guardian [Read Article] Sunday 23rd of April 2017 04:51:46 PM
....Bank customers ripped off by “extortionate” overdraft fees will get support next week from a parliamentary bill that promises to protect the most financially vulnerable from escalating charges. Rachel Reeves, a Labour MP who sits on the Treasury select committee, will outline plans on Tuesday for regulators at the Financial Conduct Authority (FCA) to cap the maximum amount that banks can charge customers for unauthorised overdrafts, similar to the limit imposed on charges on payday loans of £24 a month. ...
Sir Philip Green could still lose knighthood, says MP image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:54:50 PM
....Sir Philip Green has been warned that he could still be stripped of his knighthood and faces further questions from MPs, one year after the collapse of BHS. The veteran Labour MP Frank Field said Green had not done enough to keep his title amid lingering concerns over the £363m settlement struck between the retail tycoon and the Pensions Regulator. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
.... To prove the aphorism, compare the response to Theresa May’s promise to cap energy bills, and the furore over Ed Miliband’s pledge to do something very similar four years ago. When the former Labour leader called for a 20-month price freeze in the face of rising gas and electricity costs, he was ridiculed. ...
Tory price promise image
Source : BBC [Read Article] Sunday 23rd of April 2017 01:59:35 PM
....Under the price cap being promised by the Conservatives, consumers will benefit if wholesale prices fall. But the Tories say that their policy is different from one proposed by Labour under its former leader, Ed Miliband. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
....All that most investors can do is sit tight and wait for short-term electoral volatility to pass, Stone adds. Pensions are likely to be a key electoral battleground, with Labour’s Shadow Chancellor John McDonnell issuing a pension “pledge card” before the election was called. ...
Tories accused of stealing Labour's energy price cap promise image
Source : Guardian [Read Article] Sunday 23rd of April 2017 11:26:37 AM
. Theresa May should give Labour a round of applause for highlighting the scandal of rip-off gas and electricity bills, the former shadow energy secretary Caroline Flint has said after senior Conservatives confirmed their manifesto will include an energy price cap. ...
General election 2017: Tories to pledge energy bill cap image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:10:39 AM
....Work and Pensions Secretary Damian Green told ITV people felt "taken advantage of" by energy firms. Labour said the plan should be taken with "a pinch of salt", while price comparison company uSwitch said it would "do more harm than good". ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
....Sir Philip GreenGreen still has his knighthood despite MPs last year demanding that the “billionaire spiv” be stripped of the honour. In a fiery Commons debate Iain Wright, Labour chair of the business select committee, said: “Sir Philip received his knighthood for services to retail. ...
Growth in unpaid full-time internships raises fears for social mobility image
....50 for older workers. Labour MP Justin Madders, a member of a cross-party group on social mobility, said companies who did not pay interns for long periods of work were guilty of exploitation. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....4% year-on-year. Labour MP Chuka Umunna, who is a leading supporter of the lobby group Open Britain, said: “The Brexit vote has already plunged the pound to its lowest value in 30 years, putting up prices in the shops. ...
Reactor goes here ... the £18bn Hinkley Point C starts to take shape image
Source : Guardian [Read Article] Friday 21st of April 2017 01:05:27 PM
....Politics. The unexpected election of a Labour government would likely have little impact – the party supports new nuclear power stations – but the French presidential election could. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
....His words suggested the manifesto would provide leeway for the Tories to raise taxes in a future parliament if they felt it necessary. Labour seized on the chancellor’s words as a “Tory tax bombshell”. ...
World Bank chief echoes Bill Gates's warning to Theresa May on aid image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:22:34 PM
....The 0. 7% pledge was originally made by Labour but it was only achieved after Cameron became prime minister in 2010. ...
Unite 'suspends' Len McCluskey challenger Gerard Coyne image
Source : BBC [Read Article] Thursday 20th of April 2017 03:06:15 PM
....They say his candidacy will not be affected by his suspension, although it could open up the prospect of a challenge if he wins. Unite is Britain's biggest trade union and the Labour Party's main financial backer. ...
Swap flights for trains to Europe this summer, plus the rise of the 'fix-perts' image
....UK gas and electricity customers face price rise double whammy. How much do you have to earn to be rich? £70,000, says Labour. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... He leaves behind acid burns on the national psyche that will take years to heal. He could leave his successors a there’s- no-money note in blazing capital letters, bequeathing a national debt that increased by far more in his six years than it did in Labour’s three terms combined – but that’s small beer compared with the scars he leaves on public attitudes. ...
Fox forcing out Bill O’Reilly could appease critics of the Sky deal | Graham Ruddick image
....”. Tom Watson, the deputy Labour party leader and the shadow culture, media, and sport secretary, urged Ofcom to consider the O’Reilly scandal as part of its investigation into whether 21st Century Fox is a fit and proper owner of Sky. ...
Green Investment Bank to be sold off in £2.3bn deal image
Source : Guardian [Read Article] Wednesday 19th of April 2017 08:54:43 PM
....An official announcement is expected to be made by Nick Hurd, the climate minister, on Thursday, the Guardian understands. Labour, the Liberal Democrats and the Green party have criticised the sale, questioning Macquarie’s track record and commitment to green energy. ...
George Osborne: history will not be kind to a man whose flaws led to Brexit image
....Osborne’s rise was smoothed by the financial crisis of 2007 and the deep recession that followed. As shadow chancellor, he had two main lines of attack: Labour had failed to regulate the City properly and had borrowed too much. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... It’s the minister who will be blamed when prices for consumers have to go up. Mike Ashley and Sir Philip Green may shed few tears, but it’s a shame that Iain Wright, the Labour MP who chairs the business select committee, won’t be standing for re-election to parliament. ...
How much do you have to earn to be rich? £70,000, says Labour image
Source : Guardian [Read Article] Wednesday 19th of April 2017 03:40:40 PM
. Are you rich if you earn £70,000? According to the Labour MP John McDonnell, you are. ...
Trump order to target foreign worker visa programme image
Source : BBC [Read Article] Tuesday 18th of April 2017 03:26:13 PM
....But it falls way short of Mr Trump's campaign pledge to end the H-1B visa programme. Mr Trump will direct the departments of State, Justice, Homeland Security and Labour to propose reforms to the scheme, which allows American employers to bring foreign workers to fill US jobs. ...
Mayoral candidate pledges free childcare for Liverpool parents image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:00:21 AM
....”. Labour MP Steve Rotherham, the frontrunner to win the mayoral race, has suggested his priorities are affordable housing, transport and skills. ...
Big six energy firms braced for government price crackdown image
Source : Guardian [Read Article] Monday 17th of April 2017 03:43:01 PM
....May used the Conservative spring conference in March to say that plans would be unveiled soon, because “relying on switching alone to keep prices down is clearly not working”. The speech had echoes of the former Labour leader Ed Miliband’s promise in 2013 to freeze energy prices. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....John McDonnell, the shadow chancellor, is calling on Philip Hammond to hold an urgent public inquiry into whether Bank of England officials colluded in the rigging of the Libor rate. The senior Labour politician said Hammond’s silence on the issue was unacceptable after a BBC Panorama programme said it had evidence of pressure exerted by Threadneedle Street on the setting of Libor – the London interbank offered rate, which is the interest rate banks charge each other for short-term loans. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
....The government is supposed to be publishing plans to help energy consumers later this month. Given the ridicule heaped on Ed Miliband when, as Labour leader, he suggested capping energy prices, that solution is surely unlikely. ...
Diesel car owners may be paid to trade in under new UK air quality plans image
Source : Guardian [Read Article] Saturday 15th of April 2017 11:49:17 PM
....A subsequent Department for Transport investigation found that 37 top-selling diesel cars exceeded the legal limit required for laboratory pollution tests when driven for 90 minutes on normal roads. Consumers had been urged to switch away from petrol cars in a move to reduce carbon dioxide emissions under the last Labour government, which has made ministers anxious not to penalise those who bought diesel cars. ...
Rise of the intern minority harms job hopes for the majority image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:11:58 PM
.... The temporary positions are now considered a “must have” on the CV of any young person seeking a job, with nearly half of professional employers admitting that candidates without work experience “have little or no chance of receiving a job offer”. The report, The Inbetweeners: The New Role of Internships in the Graduate Labour Market, claims that while about 11,000 internships are advertised each year, the real number on offer is as high as 70,000. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
. The Labour party has said it would force big companies to publish full tax returns to expose any “sweetheart” deals that firms arrange with the taxman to potentially reduce their tax bills. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
. Labour has pledged to tackle what it calls an epidemic of high street bank closures by only permitting branches to be shut after a local consultation and with the permission of the Financial Conduct Authority (FCA). ...
Is this the beginning of the end for neoliberalism? | Letters image
Source : Guardian [Read Article] Thursday 13th of April 2017 05:59:24 PM
.... They still rail against protectionism, despite the fact that if it has a progressive end goal, it could enhance the economic and social conditions of the globally disadvantaged. In terms of the relevance of all this to the UK, and at the risk of intruding on public grief, what are the Labour party’s views on these under-publicised protectionist trends? The likes of Trump and Le Pen have been able to turn it into a politically potent and successful issue, so why are so many progressives over here absent from this pivotal debate?Colin HinesEast Twickenham, Middlesex. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....Whetstone left Portland to become chief of staff to Howard when he became leader of the Conservative party, in 2003. As Howard’s political secretary, she was at the forefront of Conservative politics when the party was in opposition to Blair’s Labour government. ...
What is an ordinary working person? PM's grammar schools report has the answer | Larry Elliot image
.... Harold Wilson teased the blue-blooded Alec Douglas-Home about his inability to connect with ordinary working people ahead of the 1964 election. Margaret Thatcher cited her policy of allowing council tenants to buy their homes as evidence that the Conservatives, not Labour, represented ordinary working people. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....Rising prices and stagnant wage growth have resulted in the first fall in living standards in two and a half years, according to official figures. Labour market data from the Office for National Statistics showed that regular pay in the UK in February was 1. ...
Firms dispute Jeremy Corbyn's claim they pay bills late image
Source : BBC [Read Article] Tuesday 11th of April 2017 12:11:53 PM
....Jeremy Corbyn has accused some of Britain's biggest firms - including Capita and Marks and Spencer - of late payment to small suppliers. The Labour leader said big business was holding back £26bn a year by not paying bills on time and it was driving 50,000 small firms out of business. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
. Jeremy Corbyn has said a Labour government would “declare war” on corporations that fail to pay suppliers on time, although the companies he singled out, such as M&S, have said they do not recognise his data. ...
Universal Credit benefits changes 2017 – What the new rules mean for YOU image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 09:09:00 AM
....But many have criticised the new benefits rules, including Shadow Work and Pensions Secretary Debbie Abrahams. The Labour MP said: “This is too little, too late for those working families who face Tory cuts to Universal Credit that will see some worse off by £2,600 a year. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....The BBC said its investigations added to evidence the Bank of England had pressured commercial banks to push their Libor rates down and that the transcript of the phone conversation at Barclays called into question evidence to the Treasury select committee in 2012 by the former Barclays boss Bob Diamond and Paul Tucker, former deputy governor of the Bank of England. Labour’s shadow chancellor, John McDonnell, called for a new investigation on the back of the broadcaster’s report. ...
Southern rail boss paid £495,000 image
Source : Guardian [Read Article] Monday 10th of April 2017 10:09:03 AM
....The man in charge of Southern rail, the train network that has become synonymous with delays, cancellations and strike action, was paid £495,000 last year. The deal awarded to Charles Horton, chief executive of Southern’s parent firm Govia Thameslink (GTR), drew fire from the National Union of Rail, Maritime and Transport workers (RMT) and the Labour party. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
.... However, Barclays admitted it was a “serious” offence that would lead to its chief executive receiving a formal written reprimand and a “very significant” cut to his bonus. John Mann, the Labour MP and member of the Treasury select committee, called on Staley to resign while the Institute of Directors said it was “clearly disappointing” that Barclays had breached its own rules on protecting whistleblowers. ...
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
....5%. Labour market figures on Wednesday will offer new insights into whether looming Brexit negotiations have started to affect hiring decisions and will shed light on whether pay growth is keeping pace with inflation, or if incomes are in fact falling in real terms. ...
Brexit hasn’t happened yet – and it is changing all the time image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
.... But the positive case for European cooperation and reconsideration of Brexit may be made as the rather frightening implications of the world views of Putin and Trump become more evident. When Harold Macmillan, prime minister 1957-63, made his famous remark that what he feared most was “the opposition of events, dear boy”, he was also having a go at the weakness of the divided Labour opposition at the time. ...
Rupert Murdoch's Sky takeover approved by European regulator image
Source : Guardian [Read Article] Friday 7th of April 2017 04:07:03 PM
....This time round, James Murdoch, now the chief executive of Fox and chair of Sky, has said he does not expect to make any “meaningful concessions” to get the deal through. Critics, such as former Labour leader Ed Miliband, argue that the Murdoch empire has not been reformed since the phone hacking scandal and has a record of “persistent disregard for the law and regulatory control”. ...
Sky's 21st Century Fox takeover cleared by Europe image
Source : BBC [Read Article] Friday 7th of April 2017 02:37:06 PM
.... Rupert Murdoch and his son Lachlan Murdoch are both joint chairmen of 21st Century Fox and News Corp, while his other son, James Murdoch, is chief executive of Fox. Labour has raised objections to the takeover and has urged Prime Minister Theresa May to keep her promise of standing up to powerful interest groups. ...
Four million leaseholders in England 'at risk from rip-off fees' image
....Four million homeowners in England do not own the freehold to their properties, new government estimates have revealed. Labour says these leaseholders are currently "unprotected" from "rip-off rises in 'ground rents' from developers or management companies". ...
Peers push to reverse bereavement benefit changes image
Source : Guardian [Read Article] Thursday 6th of April 2017 01:53:48 PM
....Lord Henley, a junior minister at the Department for Work and Pensions, said he would relay her concerns to Green, but stressed that the changes had been consulted on twice and would be reviewed again. Maeve Sherlock, a Labour peer with a background in child poverty and welfare reform who also signed the letter to Green, told Henley that ministers should think again. ...
Truss’s plan to increase probate fees may not be legally enforceable image
Source : Guardian [Read Article] Thursday 6th of April 2017 05:00:32 AM
....The joint committee on statutory instruments is made up of peers and MPs. It has five Conservative, four Labour, one Liberal Democrat and several crossbench members. ...
Scottish economic output falls by 0.2% image
Source : BBC [Read Article] Wednesday 5th of April 2017 12:20:57 PM
....Read more from Douglas here. Scottish Labour's economy spokeswoman Jackie Baillie said the figures provided "further compelling evidence that the last thing Scotland needs is another divisive independence referendum". ...
Record UK car registrations in March image
Source : BBC [Read Article] Wednesday 5th of April 2017 08:17:31 AM
.... That plan is due by the end of the month. The prospect of higher taxes has upset many car owners who were encouraged to buy diesel cars in the early 2000s by tax changes made by the Labour government. ...
PM hints at help for diesel car owners over 'toxin tax' image
Source : BBC [Read Article] Wednesday 5th of April 2017 06:16:46 AM
....Owners of diesel cars - who were encouraged by previous governments to buy them as they were thought to be more economical and less harmful in terms of carbon dioxide emissions - have expressed anger and confusion at the move. Former Labour Chancellor Gordon Brown introduced a lower vehicle tax for diesel cars in 2001 - but there has been increasing concern that they emit dangerous levels of nitrogen dioxide, which is thought to cause thousands of premature deaths in the UK. ...
Leasehold 'nightmare' will cost homebuyers billions, report warns image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:01:13 AM
....In its recent white paper on housing, the communities secretary, Sajid Javid, promised an end to “leasehold abuse” by which homebuyers are locked into leases with spiralling ground rents. But Labour’s housing spokesman, John Healey, said: “This report shines new light on the difficulties faced by some homeowners who own their home on a leasehold basis. ...
MPs urge crackdown on excessive pay to rebuild public trust in business image
Source : Guardian [Read Article] Wednesday 5th of April 2017 05:30:12 AM
....“The UK corporate governance system is recognised throughout the world as of high quality. However, recent scandals and the issue of executive pay have undermined public trust in corporate culture,” said the committee’s chair, Labour MP Iain Wright. ...
Brexit: Theresa May suggests free movement extension image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:01 AM
....The government insists Brexit will give the UK greater control of its borders. But Labour said Mrs May's comments showed she was trying to "downplay expectations". ...
Up to 100,000 UK jobs at risk as Merkel and Juncker ally warns on euro clearing image
....”. Commenting on the jobs warning, John McDonnell, Labour’s shadow chancellor, said: “This threat to 100,000 jobs was all too predictable, given the Tories’ extreme approach to the Brexit negotiations. ...
Tory donor Lycamobile in £26m tax dispute image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Lycamobile UK’s own directors’ report admitted that the tax dispute and complex structure create “material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern”. The Labour party and tax experts said the accounts raised questions for the Conservative party, which accepted £614,300 from Lycamobile in 2016 and nearly £1m the year before. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
.... The last census put the number of people in the ward from eastern-European EU countries as 305, or 2%: “Around my doors, they thought it would get rid of the foreigners – but it hasn’t, and it won’t,” she says. Steven Bayes, who has been a Labour councillor for Orchard Park and Greenwood for 32 years, says poverty has been an entrenched problem on the estate for generations. ...
Location, location, location – where will Channel 4 move to? image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....”. Siôn Simon, Labour’s candidate in the West Midlands election next month, said he too would “move mountains” to get C4 to the UK’s second-biggest city. ...
‘Cruel’ benefit cuts put pressure on grieving families image
Source : Guardian [Read Article] Saturday 1st of April 2017 05:59:17 AM
.... This means bereaved low-earners in a similar situation to Helen may be able to claim other benefits, such as means-tested ones, that she is not currently entitled to claim. But many have criticised the changes: during a House of Lords debate in February, Labour’s Baroness Sherlock said official documents showed that after an introductory period, the reforms would “take £100m a year from bereaved families and give it to the exchequer”. ...
Ofcom must block Murdoch's Sky takeover, Miliband and Cable say image
Source : Guardian [Read Article] Friday 31st of March 2017 02:48:08 PM
. Rupert Murdoch’s bid to take over Sky must be blocked because it would give him too much control of news media in the UK and he is not a “fit and proper” owner, according to a submission to Ofcom from the former Labour leader Ed Miliband and the ex-business secretary Vince Cable. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....Like other major tech firms, Google has come under pressure over its tax arrangements. Labour said the firm was still not paying its "fair share" of tax in the UK. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
....“Any further sales will be subject to market conditions and ensuring value for money,” the Treasury said. Bradford & Bingley was effectively nationalised by the then Labour government in 2008 in a series of bailouts as banks and financial institutions were engulfed by the global financial crisis. ...
Crackdown on contactless card security flaw welcomed by MPs image
Source : Guardian [Read Article] Thursday 30th of March 2017 09:13:12 AM
....” Experts say the true level of losses may be higher. Committee member Rachel Reeves, the Labour MP who questioned the FCA about the problem in January, said: “The security flaws that allow fraudsters to use contactless cards even after they have been cancelled need to be tackled urgently. ...
Westinghouse bankruptcy move casts shadow over world nuclear industry image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:20:19 AM
.... Schneider said those projects were now effectively dead. Unions and the Labour party called on the UK government to step in and support the proposed Moorside nuclear power station in Cumbria, which would be Europe’s biggest if built. ...
Sports Direct workers paid less than minimum wage yet to get back pay image
Source : Guardian [Read Article] Tuesday 28th of March 2017 10:15:04 AM
....While the committee heard evidence of how agencies can benefit workers and employees, particularly at times of high demand, such as Christmas, there were witnesses from within the employment agency industry who voiced damning criticisms of the sector. David Camp, the chief executive of the Association of Labour Providers, said some operatives were “criminal” or “dodgy”. ...

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