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Prepare for the worst: this inequality rift will tear our society apart | Richard Wilkinson and Kate Pickett

The biggest rise in inequality since Thatcher is on its way, bringing economic instability, poverty, poor health, increased violence and fear among neighbours<p>Homelessness and child poverty have risen, the NHS is in dire financial straits, understaffed prisons have record suicide rates, the elderly …

Stephen Hawking

Britain has 3 proposals to help solve the housing crisis — none of which involve building

According to The Times, the communities secretary Sajid Javid is expected to announce on Tuesday the relaxation of restrictions on building height as well as moving car parks underground to create more space for developments.<p>Another major reform will be relaxing laws protecting the so-called green …

What does the Brexit White Paper say?

David Davis has insisted Britain's "best days are still ahead of us" as he set out the Government's negotiating strategy for Brexit.<p>Launching the 77-page White Paper in the House of Commons, the Brexit Secretary said the paper outlined Theresa May's vision of "an independent and truly global United …

Officials 'drawing up plans' for diesel scrappage scheme to cut emissions

A scrappage scheme for diesel cars could be introduced within months as part of a plan to lower emissions and improve air quality across the country, the Telegraph understands.<p>Work is underway by officials in the Department for Transport and Defra on a scheme to offer cashback or a discount on …

NHS body suspends non-urgent surgery for more than 100 days in a bid to save £3.2million

An NHS body has suspended non-urgent surgery for more than 100 days in a bid to save £3.2million.<p>The decision by West Kent Clinical Commissioning Group is believed to be the longest ban in health service history, affecting around 1,700 patients who were scheduled for procedures between December 20 …

Q&A: what does the Southern rail deal over strikes mean?

After months of agony for commuters, drivers’ union Aslef agrees a deal with rail operator to end strikes. But will anything actually change?<p><b>Does the deal between Govia Thameslink Railway and Aslef mean the Southern dispute is over?</b><p>Yes – but only between the company and the drivers’ union, assuming …

Electric Cars Could Totally Disrupt the Oil Market Within a Decade, Researchers Say

The buzz around electric cars changing the energy industry’s landscape could soon be moving from hype to reality, disrupting the oil market to the …

Apple is set to start making iPhones in India, minister says

After months of negotiations, Apple is set to start manufacturing iPhones in the Indian tech hub Bangalore, a government official says.<p>The state of Karnataka, where Bangalore is located, has reached an agreement in principle with Apple (AAPL), said Priyank Kharge, the state's information technology …

India

Central banks' 'fifteen minutes of fame' is nearly over, says Carney

The Bank of England Governor, Mark Carney, has welcomed the prospect of central bankers moving out of the economic limelight as governments around …

Brexit hit pushes UK inflation to highest since mid-2014

LONDON (Reuters) - British inflation rose more strongly than expected in December to hit its highest level since mid-2014, propelled by the Brexit-fueled fall in the value of sterling which looks set to hit consumers’ spending power harder in the coming months.<p>Consumer prices rose 1.6 percent …

Economics

Theresa May Wants UK To Leave Single Market

PM speech eyes clean Brexit strategy not 'half-in, half-out' EU.<p>UPDATE: Theresa May Confirms UK Will Quit Single Market As She Sets Out Her Brexit …

Great Britain

China should let the renminbi float

<i>By Paola Subacchi, Chatham House</i><p>The few weeks between the beginning of 2017 and the Chinese new year may be used by the Chinese monetary authorities …

Economics

Asia should seize opportunity to lead global trade

<i>By Ganeshan Wignaraja and Juzhong Zhuang*</i><p>Rising protectionist sentiment in the West and a dramatic decline in global trade since 2011 have led many …

Economic Development

Trump shakes Europe

<i>To receive the Brussels Briefing in your inbox every morning, register for a free FT account here and then sign up here.</i><p>In the space of a one-hour …

Europe

Mind the Closing Doors: Echoes of Thatcher in U.K. Railway Battle

Rona Jeff loved her job as a PR consultant for an education charity in central London. But last month she quit. Her train commute had become so …

Pound falls to three-month low as May reported to seek hard Brexit

The pound fell against the U.S. dollar, dropping below $1.20 for the first time since October's flash crash, after reports said British Prime Minister Theresa May will signal plans to quit the European Union's single market to regain control of Britain's borders and laws.<p>Sterling declined against …

O2 and Vodafone hope mast deal will help battle with BT

O2 and Vodafone are renegotiating their billion-pound deal to share mobile masts in a bid to speed up the rollout of the networks and keep pace with BT’s coverage expansion plans.<p>The two operators share infrastructure via a joint venture known as Cornerstone under which O2 is responsible for …

Trump threatens BMW with border tax on cars built in Mexico

BERLIN (Reuters) - President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.<p>Trump was speaking in an interview with German newspaper Bild, which on Sunday …

Danger of fresh steel crisis eases as industry wins relief green taxes

The danger of Britain’s steel industry plunging back into crisis has eased with the government agreeing further subsidies that reduce the sector’s cripplingly high energy bills.<p>A deadline to win European approval to grant British steelmakers to state aid that would bring their energy bills closer …

Philip Hammond under pressure to increase marriage tax allowance

Philip Hammond is under pressure to make the marriage tax allowance more generous after a survey found that three times as many people thought it should increase rather the threshold at which you start paying tax.<p>The scheme, which was introduced by David Cameron in 2015, allows people transfer …

Are fathers getting a raw deal in the workplace, UK inquiry asks

LONDON (Thomson Reuters Foundation) - With more British men wanting to take an active role in raising their children, are workplaces preventing fathers from spending more time at home, asks an inquiry launched on Monday, with men’s rights groups calling for a “childcare revolution”.<p>British …

Gender

Ford's CEO reveals his plan for the company's biggest transformation in history

The auto giant has big plans to transform itself from a company that just sells cars to a company that touches all aspects of mobility.<p>Under the leadership of CEO Mark Fields, Ford has made big bets in autonomous tech, electric cars, and transportation services to move the company into this new era.<p>…

Bookmakers face losing their licence and huge fines over problem gambling

Regulator to introduce tougher punishment for firms breaking rules governing responsible betting<p>Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s …

Couple start energy supplier to fight 'contempt’ of Big Six

A couple fed up with the performance of energy suppliers are launching a crowdfunding campaign to start their own company.<p>David Pike and Karin Sode said Our Energy will be “completely transparent”, with customer representation on its board, and will give 75pc of profits back to customers. They …

Germany urges China to match anti-protectionist talk with action

BEIJING (Reuters) - Germany’s embassy in Beijing on Monday urged China to take action to open its markets to foreign companies to counter rising global protectionism, ahead of Chinese President Xi Jinping’s speech at the World Economic Forum in Davos.<p>Chinese President Xi Jinping listens to a speech …

China

World's eight richest people have same wealth as poorest 50%

A new report by Oxfam warns of the growing and dangerous concentration of wealth<p>The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.<p>In a …

World Economic Forum

UK inflation to hit a two-year high

Sterling’s weakness since Brexit vote is pushing up prices of fuel, food and clothes, official figures to show<p>Inflation is set to hit its highest level in more than two years this week, according to economists, as the sharp drop in sterling since the referendum fuels a rise in the cost of …

British Airways crew walk out over “poverty” pay

BARRING a last-minute breakthrough, about 2,500 cabin crew members employed by British Airways (BA) will strike this week over alleged “poverty pay” …

Cabin Crew

Macroeconomic Objectives

Aggregate Demand