Rail company shareholders have taken £1.2billion in dividends over the last five years. And that’s the equivalent of a Great Train Robbery every three months. The £2.6million loot stolen by Ronnie Biggs and his gang in 1963, one of the biggest thefts in British history, is worth £53million in today’s …
Read More »Private investors have fallen for Labour’s promises – and made a costly mistake
Political promises should be taken with a pinch of salt. Investors can make expensive mistakes if they change their plans around a pie-in-the-sky manifesto pledge. Take, for example, Labour’s promise to privatise a handful of companies. Many DIY investors took these seriously and sold out, avoiding the risk of any government meddling. On …
Read More »Labour set to smash own borrowing rules with £58bn pension spree
Labour has already blown apart its own spending rules with a £58bn pledge to compensate women hit by a rising pension age, a leading think tank warns today. The Conservatives also have the “thinnest of margins” as they seek to meet their own fiscal pledges unveiled less than a month ago, …
Read More »investors vow to fight Corbyn’s plans to seize British businesses
Furious investors are preparing to fight Jeremy Corbyn’s plans to seize swathes of British businesses, arguing his nationalisation spree would be a “blatant breach of human rights” that could trigger a wave of lawsuits. Shareholders and lawyers believe the proposals could breach international treaties and Brussels rules over state aid, and intend to fight them through …
Read More »BT can be an asset to society, why would Labour attack it now?
BT has gone further to demonstrate its value to wider society by building its strategy around the restoration of its “national champion” status. There’s a bitter irony, then, that this is the moment that Labour has chosen to attack it Despite significant misgivings, a little over three years ago, I went …
Read More »Labour expected to water down radical environmental policy and other key pledges in manifesto
Labour is expected to water down its radical environmental policy and other key pledges in the party’s election manifesto, amid concerns that they will prove undeliverable. Despite making climate change Labour’s number one priority, senior party figures have signalled that a commitment to reaching net zero carbon emissions by 2030 …
Read More »Jeremy Corbyn’s ‘reckless’ £1.2 trillion spending splurge revealed
Jeremy Corbyn would increase spending more than three times faster than Gordon Brown did, with Labour’s pledges amounting to an additional splurge of £1.2 trillion over five years, according to the Chancellor. The Conservatives will on Sunday publish a dossier setting out calculations that Sajid Javid said showed the “true cost of …
Read More »Letters: Boris Johnson must reassure working-class voters distrustful of the Left
SIR – Sherelle Jacobs (Comment, November 7) is quite right to say that Boris Johnson and the Conservatives need to gain a better understanding of working-class voters. Many are, or were, tribal Labour supporters, but that does not mean that they espouse the far-Left policies of today’s party. I spent the …
Read More »Labour’s Soviet-style plans for a ‘workers’ democracy’ would create a new union baron elite
Okay, they could picket the polling stations, or call a general strike for December 12. But those two extreme options aside, it is hard to imagine the trade unions could find a more obvious way of influencing the upcoming General Election than calling a postal strike during the campaign. Potentially …
Read More »Updates as they happened after Jeremy Corbyn visits Gloucester on General Election campaign trail
‘Brutality of the system’ Mr Corbyn says he met a woman from Gloucester who experienced the ‘brutality of the system’ first hand. She became a mother to a baby with Down’s syndrome in 2017 and her husband died soon after, he says. She has now been told her benefits will …
Read More »