Jeremy Corbyn and Alexandria Ocasio-Cortez love Modern Monetary Theory, but it is just the magic money tree again April 10, 2019 As the Brexit process unfolds, the possibility of a Corbyn government has become much more tangible. Last month, John McDonnell, the shadow chancellor, wrote to the Treasury to say that in power he would require them to “widen the range of economic theories and approaches in which its officials and those in the rest of [...]
Mike Ashley’s Sports Direct considers legal action against Debenhams after lenders take control April 10, 2019 Sports Direct is considering legal action against Debenhams after the retailer collapsed into administration, wiping out shareholders. Retail tycoon Mike Ashley branded the pre-pack administration a “national scandal” yesterday after he failed to gain control of the department store chain. Read more: Ashley lashes out as Debenhams enters administration Sports Direct’s deputy chief financial officer [...]
Poll: Voters would punish Tories for Brexit delay at European parliamentary elections April 10, 2019 The Tories would be hit hard in European parliamentary elections if they are held in the UK as part of another delay to Brexit, according to a poll released today. Read more: British voters want a rule-breaking leader to reform Westminster Voters would punish the Conservatives for failing to pull the UK out of the [...]
Mike Ashley could use a lesson in subtlety after Debenhams April 10, 2019 Britain's leading retail maverick Mike Ashley is known for using intemperate language – but in his reaction to the collapse of long-term target Debenhams yesterday, he excelled himself. Ashley issued a statement in which he savaged politicians and regulators for being “as effective as a chocolate teapot”, and called for advisers on the deal to [...]
Facebook and the tech giants are welcoming government regulation – that’s a panic signal for all of us April 9, 2019 Last year, I met someone who had previously worked for a big tech firm in its “free speech” unit. What had happened to make him come and slum it among us mortals in the (badly paid) policy world? Answer: the unit had been shut down. It’s in this context that you should see the milquetoast [...]
Transport heads raise concerns over Sadiq Khan’s plans for TfL takeover of Network Rail April 9, 2019 Leading Assembly members have raised concerns over Sadiq Khan’s headline-grabbing plan for Transport for London (TfL) to take over key routes and stations from Network Rail in London. Last month the London mayor said responsibility and funding for key rail assets such as tracks and stations should be transferred to the transport body to plug [...]
Cross-party Brexit talks abandoned until after EU summit, Downing Street confirm April 9, 2019 The Conservatives and Labour have abandon Brexit talks until Thursday after failing to reach an agreement, just a day before Theresa May asks the EU for another delay to the UK’s withdrawal. Leading MPs from both parties held talks for four hours on Tuesday in an attempt to find a compromise plan which could win [...]
Charity watchdog criticised for lack of action against £53.5m Garden Bridge project trustees April 9, 2019 The charity watchdog has been criticised for failing to take action against the people behind the failed Garden Bridge project that cost taxpayers £43m. The Charity Commission’s inquiry into the conduct of the Garden Bridge Trust, whose members included the actor Joanna Lumley and PR tycoon Roland Rudd, found that the botched bridge project across [...]
‘National scandal’: Mike Ashley lashes out as Debenhams falls into clutches of lenders April 9, 2019 Sports Direct owner Mike Ashley has launched a scathing attack on the board of Debenhams this afternoon as the British high street stalwart fell into administration. Read more: Debenhams falls into administration as lenders take over The billionaire called on authorities to reverse the administration process that started today and reiterated his calls for advisers on [...]
Philip Hammond accuses businesses of burying their heads in the sand over no-deal Brexit April 9, 2019 Chancellor Philip Hammond has accused businesses of burying their heads in the sand when it comes to preparing for a no deal Brexit. Speaking just four days before the UK could potentially leave the EU without an agreement, the chancellor warned some firms had adopted an ostrich mentality over the potential outcome of the Brexit [...]
