News

Recent research has found that people in their 30s are half as wealthy as those in their 40s when they were the same age, signalling a drop in wealth levels. This has made it harder to afford houses, led to lower pension levels and made it harder to save up. In the short term at the very least, Brexit is also set to force down the standard of living for most people as huge drops in £GBP is leading to...

Labour has been fined £20,000 by the Electoral Commission for failing to declare the infamous Ed Stone. The commission launched an investigation after it was found that “two payments “totalling £7, 614, relating to spending incurred on a stone tablet – referred to in the media as the “Ed Stone” – were missing from the party’s campaign spending return”. The body said that the registered treasurer of the party, Iain McNicol, committed two offences in delivering this incomplete return, which has...

Regulators need to undergo a cultural change if we are to avoid sleepwalking into the next financial crisis, a new report has found. The study by Cass Business School for New City Agenda revealed that the Prudential Regulation Authority (PRA) and Bank of England need to go much further to improve transparency and engage with the public, and that the new Financial Conduct Authority (FCA) chief executive Andrew Bailey will need to demonstrate his independence from politicians and the financial...

Jeremy Corbyn has hit out at Theresa May saying the government is on course for a "chaotic" Brexit. The Labour leader criticised May's handling of the negotiations, saying he met socialist leaders in Brussels last week and "was given rather longer than the five minutes" that Theresa May was given to address European leaders. According to BBC reports, Corbyn claimed the government's approach has caused "anger and resentment" amongst European politicians, and says the government will not achieve its aims by...

A plane carrying EU officials has crashed at Malta International Airport, leaving at least five people dead. According to early reports those on board were EU border officials travelling to Libya. The crash happened at around 05:30 this morning. The Times of Malta said the plane had been leased from Luxembourg for use by officials working with Frontex, the European Border and Coast Guard Agency, however Frontext has tweeted to say the plane involved in the indecent was not deployed by them....

Islington Councillor Flora Williamson received a death threat from a drug dealer following the closure of Fabric nightclub. Sebastian Clark-Darby sent a message stating "please note you have received official death threat" after Islington Council revoked the London venue's licence following the drug-related deaths of two teenagers. He was one of 150,000 to sign a petition opposing Fabric's closure before sending the 'stupid' email from his work computer. Clark-Darby has been jailed for eight months at Blackfriars Crown Court after previously admitting...

A 15ft structure has been erected outside a home office building ahead of the latest arrival of child refugees from Calais to London. White sheeting was put up in front of scaffolding in order to screen any arrivals from waiting photographers after many of the first arrivals appeared to be older than they claimed. Yesterday another 14 migrants arrived in Croydon, with half demanding not to be photographed and many covering their faces with blankets. Today, around half a dozen construction workers...

Scientists in America may have accidentally discovered an efficient process to remove large amounts of CO2 from the atmosphere. Researchers at the Oak Ridge National Laboratory in Tennessee have fallen upon a chemical reaction to turn CO2 into ethanol, potentially creating a new technology to help avert climate change. The findings, which have been published in the journal ChemistrySelect, were made when the team were attempting to find a series of chemical reactions that could turn CO2 into a useful...

“Bring Your Own Semen” cookery classes are set to be launched in London by a renowned sex educator. Amateur chefs are promised they will be taught how to use semen as a cooking ingredient in cakes and other desserts as well as main courses. The cooking class, which will go ahead in London once just 30 people register their interest, will discuss the health benefits of semen and cook using the intimate substance. Renowned sex educator Alix Fox said: “While...