Jeroen Dijsselbloem: There will be no negotiations if Greece votes no in the referendum July 2, 2015 Greece's creditors will not negotiate with its leaders if voters reject their bailout terms in a referendum to be held on Sunday, Eurogroup president and Dutch finance minister Jeroen Dijsselbloem has warned. At a parliamentary committee, Dijsselbloem called the idea there could be further talks after a "no" vote an "illusion" which must be "swept [...]
BBC to cut more than 1,000 jobs to cover £150m licence fee losses July 2, 2015 The BBC will cut over 1,000 jobs due to a £150m shortfall in its licence fee income, director Lord Tony Hall has confirmed. Read more: BBC loses Olympic broadcast rights as Eurosport signs £922m deal With the number of households owning television sets falling as audience's consumption practices change, the broadcaster's income from license fee subscriptions [...]
PGA distances itself from Donald Trump following Mexican rapist comments July 2, 2015 If Donald Trump ever pens an account of his bid for the Republican presidential nomination, "How to Lose Friends and Alienate People" might be a book title worth borrowing. Read more: Donald Trump sues Univision for $500m over Miss USA beauty pageant The eccentric billionaire and golf lover has now found that he may not even [...]
David Cameron is heading for turbulence over Heathrow July 1, 2015 Sir Howard Davies did Prime Minister David Cameron no favours yesterday when he recommended building a third runway at London’s Heathrow Airport, a proposal that Cameron had previously ruled out with “no ifs, no buts.” Davies’ conclusions shoved Cameron into yet another political firestorm, with pressure mounting last night from senior members of his own [...]
George Osborne under pressure to tweak bank levy in July Budget July 1, 2015 Self-fulfilling prophecy, wishful thinking, fantasy economics: call it what you will, but the prospect of George Osborne fulfilling the desires of Britain’s banks in next week’s Budget is, to say the least, remote. Misplaced expectations that the chancellor would announce a review – or even the abolition – of the bank levy in his [...]
Tsipras lashes out at lenders ahead of poll July 1, 2015 The Greek government’s standoff with its bailout providers descended deeper into farce yesterday after Prime Minister Alexis Tsipras put a new offer on the table, only to insist later in the day that a referendum will go ahead on a previous offer made by its creditors. International stock markets jumped on reports that Tsipras was [...]
Sir Martin Sorrell on Heathrow expansion: Back it and get building – the government must move quickly on third runway July 1, 2015 After nearly three years spent carefully examining the evidence, the Airports Commission published its Final Report yesterday. Its definitive view, following what has been a long and robust process, is that London needs one new runway, and that the best option is to expand Heathrow. We believe that we need airport expansion, and that the [...]
George Osborne’s marginal revolution: Why Britain’s top rate of tax is unsustainable July 1, 2015 The so-called marginal revolution in economics occurred in the nineteenth century. George Osborne’s marginal revolution in taxation needs to start next Wednesday, with decisive steps towards a more sensible tax system. In many ways, next week’s Budget will reveal the real Osborne. Freed from the shackles of coalition politics, will we see a markedly free [...]
Donald Trump sues Univision for $500m over Miss USA beauty pageant July 1, 2015 Presidential hopeful Donald Trump has filed a $500m (£319.3m) lawsuit against Univision Communications after the US television company scrapped plans to screen the Miss USA beauty pageant. Read more: Donald Trump in quotes Univision and NBC dropped the 12th July event co-owned by Trump after the billionaire made derogatory comments about Mexican immigrants when announcing [...]
Bank of England is making plans to “protect” the UK from Greece, says governor Mark Carney July 1, 2015 The Bank of England (BoE) is drawing up plans to protect the UK's financial system from the crisis unfolding in Greece, according to governor Mark Carney. Read more: Mark Carney voices concern about Greek crisis in Bank of England Financial Stability Report In an interview with Sky News, he said the central bank was [...]
