John McDonnell accused of a ‘wilful misunderstanding of business’ after radical conference speech September 24, 2018 One of the UK's biggest business groups pleaded with Labour not to see enterprise as "the enemy" after shadow chancellor John McDonnell delivered a radical speech at his party's conference. The Institute of Directors, which represents companies across the UK, urged McDonnell to abandon "sweeping measures and angry rhetoric" as he used a [...]
Jacob Rees-Mogg tells businesses to stop living in ‘cloud cuckoo land’ over Brexit September 24, 2018 Leading Brexiteer Jacob Rees-Mogg has called on businesses to stop living in "cloud cuckoo land" and accept Brexit will mean changes to how they operate. The Conservative MP was backed up by former Brexit secretary David Davis, who claimed top firms such as BMW should be able to cope with extra hours delays at [...]
DEBATE: Could Donald Trump’s trade war be a positive force in reining in Chinese dominance? September 24, 2018 Could Donald Trump’s trade war be a positive force in reining in Chinese dominance? Alastair Benn, news editor of Reaction, says YES. Two centuries ago, the world experienced something historians call “the Great Divergence”. Pre-nineteenth century, America, Europe, China, and India formed an equilibrium at the heart of the global economy, taking up roughly [...]
How to turn the Chequers rat into a lovable Brexit hamster September 24, 2018 It has been said that a rat just is a hamster with a PR problem. Both share many of the same fundamental characteristics – but one people want to look after, and the other they want to kill. Since its uneasy formation, Theresa May has hoped that her Chequers plan could become the Brexit [...]
Brexiters set to reveal an alternative to Chequers September 24, 2018 Pro-Brexit MPs will today throw their weight behind a detailed alternative to the Prime Minister’s ill-fated Chequers proposals. Earlier this month City PM revealed that former Brexit secretary David Davis was backing an alternative Brexit plan, which has been produced by trade expert Shanker Singham – head of the International Trade and Competition Unit at [...]
Labour will tell major UK companies to hand 10 per cent of equity to workers September 23, 2018 The Labour party opened up a new front in its war with business last night, revealing a plan to force companies to put 10 per cent of shares into so-called "inclusive ownership funds". Workers could receive up to £500 a year from the funds, according to the policy. However, any additional revenues "will be transferred [...]
Labour opens new front in party’s war on business September 23, 2018 Labour's party conference is getting underway in Liverpool, and the various factions of the hard-left are already putting on a good show as they compete for control of the agenda. The trade unions used their voting power to block a bid by Momentum activists to force sitting MPs to face reselection challenges; members demanding [...]
Labour calls for workers to sit on company boards September 23, 2018 A Labour government would introduce laws requiring businesses to reserve a third of board seats for workforce representatives, party leader Jeremy Corbyn announced. Under the policy, revealed as Labour launched its annual conference in Liverpool over the weekend, employee directors would be elected by the workforce and paid at a level equal to other board [...]
Brexit secretary Dominic Raab rejects rumours of snap general election September 23, 2018 Brexit secretary Dominic Raab has ruled out general election in the autumn, saying rumours are "for the birds". The Sunday Times reported this morning that Theresa May's team was plotting a snap general election to shore up public support for her Chequers plan in the wake of her disastrous Salzburg summit in which EU leaders roundly [...]
Mike Ashley hits out at landlords as three House of Fraser stores set to close September 23, 2018 House of Fraser boss Mike Ashley has hit out at "greedy" landlords as he announced the closure of three department stores. At least 15 stores that were previously earmarked for closure have been saved, House of Fraser announced, however branches in Edinburgh, Hull and Swindon face being shut down. Sports Direct owner Ashley, who [...]
