IPO Correspondent, London
Kylie's Feed
Aug 16, 2015

Labour cannot win power as a party of protest, says former PM Brown

LONDON (Reuters) – Opposition Labour Party must choose a leader who can make it electable and not just a party of protest, former Labour Prime Minister Gordon Brown said on Sunday, after a poll found voters believe the current frontrunner would worsen its chances of winning an election.

Labour, which in May suffered its worst election defeat since 1987, is the process of voting for a new leader. Opinion polls suggest left-winger Jeremy Corbyn is leading the race ahead of the result due on Sept. 12.

Aug 13, 2015

Britain’s ‘feral’ financiers need curbing, says Labour frontrunner’s economics guru

LONDON (Reuters) – Britain’s economy is too dominated by “feral finance” and greater levels of regulation and taxation are needed to curb speculative activity by banks, says the man behind Labour leadership frontrunner Jeremy Corbyn’s economic policy.

Labour is the middle of electing a new leader after its worst election defeat in nearly three decades in May. Veteran left-wing lawmaker Corbyn has risen from rank outsider to bookmakers’ favourite ahead of the result due on Sept. 12.

Aug 12, 2015

Pass on sales tax savings to passengers, government tells airport retailers

LONDON (Reuters) – The British government has called on airport retailers to stop pocketing sales tax discounts meant for passengers after a newspaper investigation into the practice prompted a backlash from consumers.

Most airport retailers ask passengers to show their boarding cards at the checkout when paying for goods. While security is often cited as the reason, the Independent newspaper reported stores use the information to avoid paying the 20 percent Value Added Tax (VAT) on goods headed outside the European Union.

Aug 12, 2015

Pass on sales tax savings to passengers, UK govt tells airport retailers

LONDON, Aug 12 (Reuters) – The British government has called
on airport retailers to stop pocketing sales tax discounts meant
for passengers after a newspaper investigation into the practice
prompted a backlash from consumers.

Most airport retailers ask passengers to show their boarding
cards at the checkout when paying for goods. While security is
often cited as the reason, the Independent newspaper reported
stores use the information to avoid paying the 20 percent Value
Added Tax (VAT) on goods headed outside the European Union.

Aug 12, 2015

What would Marx admirer Corbyn do if he won UK Labour leader’s job?

LONDON, Aug 12 (Reuters) – Jeremy Corbyn, who wants to
return Britain’s opposition Labour Party to its socialist roots,
is the frontrunner to be elected its leader in an internal vote
which begins on Friday.

Results of the vote will be announced on Sept. 12.

Following are some of Corbyn’s main policy statements:

ECONOMY

The most left-wing of four leadership candidates,
66-year-old Corbyn opposes the Conservative government’s
spending cuts and wants to make the tax system more progressive.
He wants to bring in a higher rate of national insurance social
security payments for the highest earners, increase the rate of
corporation tax and reduce tax relief for businesses.

Aug 6, 2015

Underground rail strike brings transport chaos to London

LONDON (Reuters) – Millions of Londoners struggled to work on Thursday as a strike brought the Underground rail network to a standstill for the second time in a month, leading to traffic gridlock across the British capital.

Commuters turned to cars, boats, bicycles and heaving buses to cope with the 24-hour walkout by rail unions over plans for a new all-night service. No trains were running on the network, which usually handles some four million journeys a day.

Aug 6, 2015

Londoners struggle to work as underground rail staff strike

LONDON, Aug 6 (Reuters) – Millions of Londoners struggled to
work on Thursday as a strike brought the Underground rail
network to a standstill for the second time in a month over
plans for a new all-night service.

Commuters turned to cars, boats, bicycles and heaving buses
to cope with the 24-hour walkout by rail unions. No trains were
running on the network, which usually handles some four million
journeys a day.

Aug 4, 2015

‘Bearded voter-repellent’ or cure for ‘virus’? Leftist shakes up Labour

LONDON (Reuters) – Reeling from their worst defeat in decades, senior figures in the Labour Party want to tack to the centre to win back voters, but party activists are rallying behind a leftist stalwart who says it is time to get radical.

Labour is so divided over the choice of a leader to replace failed prime ministerial candidate Ed Miliband that some are questioning whether the party that created Britain’s welfare state and health service can even hold together.

Aug 4, 2015

“Bearded voter-repellent” or cure for “virus”? Leftist shakes up UK’s Labour

LONDON (Reuters) – Reeling from their worst defeat in decades, senior figures in Britain’s opposition Labour Party want to tack to the centre to win back voters, but party activists are rallying behind a leftist stalwart who says it is time to get radical.

Labour is so divided over the choice of a leader to replace failed prime ministerial candidate Ed Miliband that some are questioning whether the party that created Britain’s welfare state and health service can even hold together.

Aug 1, 2015

Labour Party local groups endorse left-winger for leader

LONDON (Reuters) – The Labour Party moved a step closer to selecting a leader from its left wing on Saturday, after surprise contender Jeremy Corbyn received the backing of more local party groups than any other candidate.

Reeling from its worst election defeat in decades, the party is seeking a successor to Ed Miliband, who stood down as leader after Prime Minister David Cameron’s Conservatives confounded predictions by winning a outright election victory in May.

    • About Kylie

      "Kylie MacLellan covers equity capital markets for Europe, Middle East and Africa, with a particular focus on initial public offerings. She previously spent a year working in the UK politics and general news team, specialising in industrial relations and other employment related issues such as welfare."
      Joined Reuters:
      2008
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