Politics

Jacob Rees-Mogg, one of the most vocal supporters of Brexit, has come under criticism due to a business he helped to launch. Rees-Mogg answered questions about Somerset Capital Management (SCM) who have launched an investment vehicle in Ireland. The Irish operation’s prospectus listed Brexit as a risk, which could cause "considerable uncertainty.” Rees-Mogg has consistently told the public, and Parliament, that the UK will prosper post-Brexit and could even become a stronger economy than at present. Addressing the issue of...

The High Court has judged that the DWP (Department for Work and Pensions) cut the benefits for two severely disabled men when they moved onto universal credit. Both men saw a drop in their income of around £178 a month when they were placed on universal credit, instead of their old entitlements. The Government had acted 'unlawfully' by denying the men a 'top up' on their Universal Credit claim due to their severe disability. Lawyers for the men said the...

These type of quality, well paid and skilled jobs will not be easily replaced - it will have a devastating impact on workers but also the economy says GMB union GMB, the union for manufacturing workers, has criticised the Government following the news of 1000s of Rolls Royce job losses. The engineering giant is to cut 4,600 jobs over the next two years as part of a major reorganisation. Today,  Secretary of State for business Greg Clark faces an urgent...

Global Witness welcomes today’s announcement by the UK Government of the findings from its review of a vital anti-corruption law for oil and mining companies. The Government strongly endorsed the law, which requires extractive companies to publish details of the billions of dollars they pay to governments across the world in exchange for oil and minerals. The Government concluded that the law had been a success in bringing greater transparency to the sector with no unnecessary costs to business, and...

If the UK presses on with plans to leave the customs union, post-Brexit, large swathes of the car industry will face extinction, claims the president of the CBI. This news follows Jaguar Land Rover's recent statement that it is to move all production of its Discovery from the UK to Slovakia in a move that could lead to hundreds of job losses. The chief of the CBI, Paul Dreschler told BBC Radio 4’s Today programme there was “zero evidence” that...

Pro-Brexit budget pub chain Wetherspoons is taking a stand against EU based alcoholic drinks From July 9 880 Wetherpoons outlets will ditch German wheat beers and Champagne in favour of UK and non-EU drinks. I’ve never personally bought Champagne in Wetherspoons and probably never will now as Moët & Chandon champagne is being swapped with sparkling wines from the UK and Australia. Brexit believer and Wetherspoon chairman Tim Martin, said: "This move helps us to broaden our horizons so that...

A Conservative minister, Dr Phillip Lee, has quit his job over the way Theresa May is delivering Brexit Dr Lee also went against official party policy by saying that the government should “go to the people, once again” in a second referendum over the eventual Brexit deal that is agreed upon. The ex-justice minister said he is “incredibly sad” to be leaving his job, but argued that he could “better speak up” for his constituents on EU withdrawal once off the government payroll. He took...

Short-lived PM Gordon Brown has labelled Jeremy Corbyn a “phase” will have a “short shelf life.” The ex-PM said, on the Jeremy Marr show: “Everything’s a phase. “I mean Jeremy himself is going to accept that he – nobody goes on forever. “We’re all phases, we’re all sort of part of it. “Politicians have a short shelf life actually in terms of life at the top.” Gordon Brown was PM from 2007-2010 and served a Chancellor for Tony Blair for...

Between Trump wanting to slap tariffs on our steel and the UK Government refusing to be in a European customs union, UK manufacturing risks being stranded. The sharpest fall in UK manufacturing output since 2012 offers more worrying news about the state of the UK economy. The drop is in April was the highest in almost six years, with a 1.4 per cent fall in factory production marking the third consecutive monthly fall. The April dip was the steepest fall...