Tories face worst election result ever as Brexit Party and Lib Dems surge ahead May 31, 2019 The Conservatives would fall outside the top two parties if a general election were held today, a new poll reveals. Read more: Which Tory leadership candidates favour a no-deal Brexit? The Tories would crash to third place with just 19 per cent of the vote, tied with Jeremy Corbyn’s Labour party, a Yougov survey has [...]
CBI calls on Tory leadership contenders to drop no-deal Brexit threat May 31, 2019 The Confederation of British Industry (CBI) has published an open letter calling on the Tory leadership candidates to commit to avoiding a no-deal Brexit. The message calls on the 12 rival MPs to “champion business”, with director-general Carolyn Fairbairn saying that it is "no secret that firms’ frustration with Westminster has grown" over the last few years. [...]
In a global world, citizenship is about far more than where you were born May 31, 2019 Last month, Marcio Soares achieved what he once thought impossible. After years of working hard and growing a successful fitness business, he was awarded British citizenship. “It was the greatest day of my life,” Soares said, describing when he was invited to participate in a citizenship ceremony. For him, and many like him, the aspiration [...]
It may not be Hammond’s cup of tea, but we deserve some tax-cutting champions May 31, 2019 I for one am thrilled to see politicians not just talking about tax cuts, but competing for the best policy to reduce a tax burden that is at a near 50-year high. Sure, it took a leadership contest to get them properly talking about it, but from the home secretary’s endorsement of the Adam Smith [...]
Markets brace as Trump threatens Mexico with 25 per cent tariffs over immigrants May 31, 2019 US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month, in a shock move that could threaten a recently-agreed major trade deal between the two sides. Read more: Mueller says 'not an option' to charge Trump over Russia inquiry The White House warned late last night that the US [...]
Tory leadership contest can spark a much-needed debate on the future of tax May 31, 2019 Should the Conservatives slash taxes? Social media star Liz Truss certainly thinks so, arguing yesterday that "taxes hold back growth, and by cutting rates in a targeted way we can turbocharge economic growth and boost wages so the overall tax burden falls." Her leadership rival Dominic Raab has also made headlines this week by pledging [...]
Mark Zuckerberg survives shareholder revolt at annual Facebook meeting May 30, 2019 Facebook founder Mark Zuckerberg has survived a shareholder revolt which sought to strip him of his chairman title, and reduce his monopoly over the firm's controlling shares. Zuckerberg owns 60 per cent of Facebook's voting shares, and acts as both its chief executive and chairman. Other motions, which requested the breakup of Facebook as a [...]
Not clear UK has reached final verdict on Huawei, states US national security adviser May 30, 2019 US President Donald Trump’s national security adviser has said it is not clear the UK has reached a final decision on its policy towards Huawei. “I’m not sure that this decision has reached the prime ministerial level in final form. I mean we are still talking… people are talking back and forth,” John Bolton told [...]
Neil Woodford’s flagship fund drops £560m of assets in four weeks May 30, 2019 Veteran trader Neil Woodford’s flagship fund has lost £560m in assets over the last month following a prolonged period of underperformance. The Woodford equity income fund saw assets fall from £4.33bn in April to £3.77bn this week, according to data from Morningstar Direct. Read more: Analysts downgrade Neil Woodford flagship fund due to 'underperformance' Assets [...]
US first quarter growth revised down to 3.1 per cent May 30, 2019 US first quarter economic growth was revised down slightly to an annualised rate of 3.1 per cent, according to the second estimate released today by the country’s Bureau of Economic Analysis (BEA). Read more: Global markets sink into the red as technology front opens up in trade war The annualised growth rate is nonetheless one of [...]
