Author: Loveworld UK

Construction giant Carillion – which issued a profit warning this month as it grapples badly-performing contracts – is among companies chosen to build phase one of the HS2 rail line. The announcement injected some life back into its battered share price on Monday – a week after its chief executive quit when Carillion admitted an £845m hit to its finances. Shares rose 8% in early deals as a string of major firms were awarded contracts to design and construct bridges, tunnels, embankments and viaducts for the infrastructure project – expected to cost £55bn. The other companies included Skanska Construction UK, Costain and…

Britain is embarking on the first full round of Brexit negotiations, as the Cabinet remains in all-out war over the Government’s negotiating strategy. Brexit Secretary David Davis, arriving in Brussels this morning, told waiting media: “Now it’s time to get down to work and make this a successful negotiation.” He said negotiators had made a good start last month but that they would now be working “on the substance of the matter”. He is in Brussels for four days of talks that will focus on protecting EU citizens in the UK and Britons living in Europe. But as the talks…

The author of a government review into work practices is calling for the end of the “cash-in-hand economy”. Matthew Taylor, whose report is out on Tuesday, said cash jobs like window cleaning and decorating were worth up to £6bn a year, much of it untaxed. The also review recommends that firms which have a “controlling and supervisory” relationship with workers would have to pay a range of benefits. That includes millions of pounds in national insurance contributions. The recommendations are part of a much wider review into modern working practices, including the gig economy. Mr Taylor’s report recommends a new…

Cheap missiles from Russia and China are a major threat to expensive assets such as Britain’s new aircraft carriers, a think tank has warned. Russia and China have gained the surveillance and precision strike capabilities to put western ships, large military aircraft and even any land system at “serious risk” – even the most heavily armoured. The warning comes in a report by the Royal United Services Institute (RUSI), which calls for the Ministry of Defence to place a higher priority on protecting the country against these threats. The report said: “The UK’s potential adversaries have also focused on developing…

Theresa May has called on opposition parties to work with her on issues like counter-terrorism, Brexit and workers’ rights. The Prime Minister’s call came ahead of a major speech on Tuesday, during which she is expected to urge other parties to “come forward with your own views and ideas” to help the Government debate key issues and find a “better way forward”. But Labour leader Jeremy Corbyn told the Commons Mrs May’s government has “run out of steam” at a “pivotal moment for our country and the world”. When asked what topics she would like to work with other parties on, Mrs…

The billionth new £1 coin has rolled off the Royal Mint’s production line, as shoppers and retailers prepare to bid farewell to the ’round pound’. The new 12-sided pound coin entered circulation in March and boasts high-tech security features to combat counterfeiting. Around one in every 30 £1 coins in people’s change in recent years has been fake. Exchequer Secretary to the Treasury Andrew Jones, who is visiting the Royal Mint’s headquarters in Wales to mark the one billion milestone, said: “This coin is the most secure of its kind in the world and was brought in to clamp down…

Australia’s Prime Minister has said his country wants to “speedily” agree a free trade deal with Britain after Brexit. Speaking alongside Theresa May during a joint news conference at Number 10, Malcolm Turnbull said: “As Britain moves to completing its exit from the EU, we stand ready to enter into a free trade agreement with the UK as soon as the UK is able to do so. “Once Brexit is achieved, we look forward to speedily concluding a free trade agreement. At the same time, we are looking forward to the early conclusion of a free trade agreement with the…

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