Tag: Featured

    David Cameron has called on Jeremy Corbyn to step down as leader of the Labour party. The Prime Minister made the call at Prime Minister's Questions on Wednesday. "I have to say to the honorable gentleman, frankly he talks about job insecurity and my two months to go," the PM said in response to a question about job insecurity. "It might be in my party’s interest for him to sit there – he’s not in the national interest. I would say: for heaven’s sake, man, go!" MPs of all parties were uncharacteristically quiet during the PMQs session, the first since the EU referendum. Mr Cameron has himself said he will step down by Conservative conference in October, with a new leader in place by then. Mr Corbyn has also come under sustained pressure from MPs to step down, but has refus...

    The pound: what happened? The pound fell to a fresh 31-year-low against the dollar. Today one pound bought just $1.32. That was lower than in any year since 1985 – lower even than the level it sank to last Friday in the wake of the referendum result. What it means The pound’s massive correction last Friday was not a one-off. Boris Johnson, the Leave campaign figurehead said today that markets were “stable”. That was wishful thinking. The markets are still plainly extremely rattled by Brexit and there seems to be further for the pound to fall. Some analysts speculated before the referendum that it could fall 20 per cent before stabilising. So far it is down around 14 per cent. Gilt yields: what happened? 10 year Gilt yields – the interest rate markets effectively char...

    This is the great betrayal. Just about everyone feels betrayed from every possible perspective. As the pound plunges, sending oil and food prices up while wages stagnate, with shares and pension values falling, the country is seeing the consequences of being mortally betrayed – by the self-indulgent members of a government who brought this calamity down on all of us. Some who voted leave will feel betrayed by the unfolding economic tremors after they were told to ignore the warnings of Project Fear. Recession threatens a huge loss of jobs; banks decamping; airport, rail and house-building projects suspended; airlines issuing profits warnings; credit card companies reporting a dive in spending; a quarter of Institute of Directors companies freezing recruitment. I keep findi...

    Anti-Brexit protesters demonstrate at the gates of Downing Street ‘I’m worried Brexit has made me ageist,” a friend said, following the shock of the referendum result on Friday morning. “I saw this older couple in the street and just felt this sudden, enormous wave of fury towards them and their generation. It was almost physical.” In the immediate aftermath of Britain’s vote to leave the European Union, emotions have been running high. Since YouGov reported that 75% of 18- to 24-year-olds and 56% of 25- to 49-year-olds voted in favour of remain, versus 44% of 50- to 64-year-olds and 39% of those over 65, the extent of the generational gulf between Generation Y and the so-called baby boomers and their parents has been palpable. As has the anger many younger people includin...

    Two women went temporarily blind from constantly checking their phones in the dark, say doctors who are now alerting others to the unusual phenomenon. The solution: Make sure to use both eyes when looking at your smartphone screen in the dark. In the New England Journal of Medicine, doctors detailed the cases of the two women, aged 22 and 40, who experienced “transient smartphone blindness” for months. The women complained of recurring episodes of temporary vision loss for up to 15 minutes. They were subjected to variety of medical exams, MRI scans and heart tests. Yet doctors couldn't find anything wrong with them to explain the problem. But minutes after walking into an eye specialist's office, the mystery was solved. “I simply asked them, 'What exactly were you doing wh...