A senior official at the Bank of England “inadvertently” sent research assessing the economic dangers of the UK leaving the European Union to an editor at a national newspaper.
The Bank was left in an embarrassing situation on Friday after it accidentally emailed details – including how to fend off inquiries related to the report – directly to the Guardian newspaper.
A Bank spokesperson said that the error was “unfortunate”. Continue reading
AEROSPACE giant Airbus has warned it will reconsider investing in the UK if Britain voted to leave the European Union.
UK boss Paul Kahn said he thought it was “vital” firms took a view on a possible “Brexit” following a promised in-out referendum on EU membership.
The move could put 17,000 UK Airbus jobs at risk, including 4,000 in Filton, near Bristol, and 6,000 at its wing-manufacturing plant in Broughton, north Wales. Continue reading
Bank reported to be investigating how it would move operations back to Germany if referendum results in split from European Union
Deutsche Bank would consider whether to relocate some of its UK operations if Britain left the EU, according to reports.
The German lender is said to have established a working group to assess the consequences of a possible “Brexit” following an in/out referendum that David Cameron has pledged to hold by 2017. Continue reading
A RUSSIAN jet came just feet from crashing into a US military plane – avoiding what could have been a devastating mid-air collision.
The Russian Su-27 fighter jet targeted the US reconnaissance aircraft over the Baltic Sea in April – narrowly missing it by 20ft.
A research group has reportedly recorded dozens of similar encounters between Russian fighter jets and Western planes since the Russian annexation of the Crimea in March 2014.
Gordon Brown… arguably Great Britain’s first Communist Prime Minister.
James Gordon Brown is a British politician who was the Prime Minister from June 2007 to May 2010 of the United Kingdom of Great Britain and Northern Ireland. Gordon has floated the Marxist Balloon for all we hear about now is eliminating physical money. Those who have ever worked in government NEVER see themselves as the problem – it is always us. So what is the Marxist Balloon? People not immediately in power float an idea so the government can gauge how the press and the people take it. If it goes badly, they say he is speaking personally. If it is not attacked, they float the policy. This is what Gordon Brown has just done. Continue reading
A number of RAF jets have been scrambled to intercept two Russian long-range bombers off northern Scotland, the latest in a series of provocative operations by the country’s air force.
As tensions between Nato and Russia have worsened over the Ukraine crisis, Moscow has significantly increased the number of military flights probing Nato airspace. The number of interceptions over the Baltic States trebled last year and Nato members including Britain have stepped up air policing support in the area.
The RAF Typhoons were operating under a Nato command. Continue reading
EUROPEAN Union bosses will force Britain to take in tens of thousands of migrants rescued from the Mediterranean under plans “seen as a declaration of war”, it has emerged.
In David Cameron’s first major challenge as newly-elected Prime Minister, top Brussels official Jean-Claude Juncker has said Britain needs to take as many as 65,000 refugees – more than twice as many as the UK took last year. Continue reading
A quick search under the F-35 tag will reveal to you a longer troubled history than what one article alone will.
A plane so technologically advanced that it would give Britain and the US air superiority in any future conflict and billed as the world’s most advanced stealth fighter jet, could be one of “the biggest white elephants in history”, according to a former defence minister.
And while costs of the F-35 spiral and delays run into years, another commentator has warned that “our skies and seas are vulnerable”.
The aircraft, manufactured by Lockheed Martin, was designed to replace the Harrier jump-jet, which went out of service in 2011. The UK once envisaged ordering 150 F-35s, to be ready by 2012. Three years on, the F-35 is still far from ready to fly in combat and the cost of a single jet has risen from £33m to £87m. The UK has ordered only eight to date. Continue reading
GERMANY is again pressing for a European army to protect the continent at a time of rising international tensions.
Defence minister Ursula von der Leyen last week spelled out her wishes for a continental force capable of swift reaction anywhere in the world. Continue reading
The West is losing the worldwide fight against jihadist terrorism and faces mounting risks of a systemic cyber-assault by extremely capable enemies, the former chief of the National Security Agency has warned.
“The greatest risk is a catastrophic attack on the energy infrastructure. We are not prepared for that,” said General Keith Alexander, who has led the US battle against cyber-threats for much of the last decade.
THEY both have a volatile relationship with Britain – and now Russia and Argentina look set to further cement their budding relationship.
Argentine President Cristina Fernandez de Kirchner will meet with Russian leader Vladimir Putin at the Kremlin later today, where the pair are expected to sign a string of deals on trade, energy and military cooperation projects.
In particular, the Russian energy giant Gazprom is expected to agree a deal to make energy investments in the South American country with Argentine oil company YPF. Continue reading
As well as the capital the regions most at risk are Kent and the Home Counties, Essex, and Scotland, according to reports
Britain could be headed for an earthquake strong enough to topple buildings as new “super deep” fault lines have been discovered under the Home Counties. Continue reading
The UK economy is a ticking time bomb set to explode after the general election, according to a leading City commentator who has warned of a fresh crisis for the pound.
Albert Edwards, who heads the global strategy team at investment bank Société Générale and is well known for downbeat views, chides the coalition for a legacy of “grotesquely wide deficits” in both the public sector finances and on the UK’s current account – its overall trading position with the rest of the world. Continue reading
Despite being an otherwise staid, traditional news service, the professional banking division of the Financial Times recently released an utterly scathing assessment of the British economy.
It was entitled, “The UK economy is a ticking time bomb,” and the editor didn’t pull any punches in completely shattering the conventional fantasy that ‘all is well’, and that advanced economies can simply print and indebt their way to prosperity.
Fearing military strike if talks break down, Guards reportedly ready to close Strait of Hormuz, where they drilled to attack US forces weeks ago
Iran’s Revolutionary Guards “are preparing for war” in the event that negotiations to turn Thursday’s framework nuclear agreement into a binding deal by June 30 collapse, an Israeli TV report said Sunday night, citing Arab intelligence agencies.
The Israeli Channel 10 report said Arab intelligence agencies have warned “France, the UK and the US” that the Revolutionary Guards fear Iran could face a military strike should the talks break down, and that the Guards are ready to close the Strait of Hormuz and take other unspecified measures. The Wall Street Journal reported Friday that the US was working as recently as January on improving its biggest bunker buster bombs in case they were needed for strikes on Iran’s nuclear facilities. Continue reading