Go to Venezuela and see the humanitarian crisis, Colombian ambassador urges Maduro’s UK backers April 30, 2019 UK backers of Venezuelan dictator Nicolas Maduro should visit the South American country to see the reality of the devastating economic mismanagement which has forced millions to flee their homes, according to the Colombian ambassador to the UK. Read more: Venezuela's Maduro calls for gold held in Bank of England to be returned In an [...]
Labour policies will represent ‘revolution’ for UK economy says John McDonnell April 29, 2019 Shadow chancellor John McDonnell said Labour will unleash an economic “revolution” if it wins power. The Labour MP for Hayes and Harlington, who has previously named Soviet revolutionaries Lenin and Trotsky as key intellectual influences, told the BBC he saw parallels with 1979 when Margaret Thatcher swept to power. "Things aren't working for people, so they're [...]
Scrap franchise system and let TfL control London commuter routes, says rail industry April 29, 2019 The rail franchise system should be scrapped and responsibility for commuter routes handed from central government to local authorities such as Transport for London (TfL), the rail industry has said. The Rail Delivery Group (RDG), which represents the industry, has today unveiled its proposals for the Williams rail review, which transport secretary Chris Grayling called last [...]
US says it may reassess intel sharing with allies that use Huawei tech in their 5G systems April 29, 2019 The US government will reassess sharing information with allies that use equipment made by Chinese tech firm Huawei in their 5G networks, a US official said today. “It is the United States’ position that putting Huawei or any other untrustworthy vendor in any part of the 5G telecommunications network is a risk,” said Robert Strayer, [...]
A new book about austerity has put Keynesian economists on the defensive April 29, 2019 Notoriously, economists quarrel about almost everything in their subject. But since the publication of John Maynard Keynes’ General Theory of Employment, Interest and Money in 1936, they are supposed to agree on one point: that increases in government spending boost demand and output, and reductions in government spending depress them. Indeed, according to the theory, a [...]
Can Just Eat deliver the City what it wants? April 29, 2019 On Wednesday morning most eyes in the City will be on Mike Coupe, the Sainsbury’s chief executive battling to keep his job. In the firm’s Holborn HQ the grocery veteran will set out his Plan B after the UK competition watchdog crushed his dreams of a merger with Asda. Read more: Shortsellers increase bets against [...]
Sir Martin Sorrell was paid £140,000 by S4 Capital in 2018 April 29, 2019 The executive chairman of S4 Capital – Sir Martin Sorrell – was paid £140,000 in 2018, a fraction of the £13.9m he was paid by WPP in 2017 before his shock exit. An annual report from Sorrell’s new company shows he received £61,000 in salary, £61,000 in bonus and £18,000 in pension payments from his [...]
British voters torn over President Donald Trump’s UK state visit in June April 29, 2019 With President Donald Trump’s state visit to the UK in June already provoking fights between politicians, a new poll shows voters are as split as their Westminster representatives. Read more: Corbyn snubs invite to state banquet for Trump Just under half of the UK (47 per cent) is opposed to Trump's visit in June, according [...]
US inflation cools in March, adding to pressures on Federal Reserve April 29, 2019 The US inflation rate fell in March, the latest official figures have revealed, in a development that will keep the pressure on the Federal Reserve to hold back from raising interest rates. Read more: Analysts expect outward looking Fed to keep rates on hold The core annual inflation rate fell to 1.6 per cent in [...]
Mnuchin says US-China trade deal could be sealed within two rounds of talks April 29, 2019 US treasury secretary Steven Mnuchin said today that he hopes the United States and China can reach a trade deal using two more rounds of talks. Read more: US trade deficit shrinks as exports to China surge Mnuchin told Fox Business Network that within the next two rounds of discussions it will become clear whether [...]
