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The latest local and national UK and International news.

Revealed: How hedge funds earned millions in Brexit’s “big short”

Hedge funds hired a network of pollsters to make millions off the pound’s collapse following the Brexit vote, a Bloomberg exclusive has revealed. Private polling in the city, which Nigel Farage was reportedly privy to, gave hedge funds a different view on the result of the referendum to the one presented to the public. They were able to use that mis-sentiment to buy derivatives and make lucrative trades. The Bloomberg scoop revealed that: Pollsters sold hedge funds critical, advance information, including...

UK export growth slows while European exporters flourish

UK export growth is slowing while European exporters are starting to flourish again, according to the latest European Export Index. The latest findings from the quarterly index show that UK exports have fallen to their lowest level since Q1 of 2016, when uncertainty loomed ahead of the nation’s vote to leave the EU. The UK’s Export Growth Index, which charts annual growth in total exports, fell to 96.0 from 98.2 in the first quarter of 2018, creeping closer to the...

Over half of school staff forced to spend own money on essentials for children,says shock report

Staff fork out on food for hungry kids, tampons, toilet rolls, pens, pencils and books as funding cuts bite More than half of school support staff feel they have to spend their own money on things for children at cash-strapped schools, a new GMB study shows. Teaching assistants and other support staff are forking out on food for hungry kids, tampons, pens, pencils and books. Staff report having to bring balls and even paper aeroplanes for break time because ‘our...

In numbers: UK jobs lost to Brexit so far this year

Airbus's announcement that it is weighing up its future in the UK has sent shockwaves across the political spectrum today. With no assurances over Britain's future trading arrangements the boss of one of the world’s biggest aircraft manufacturers warned that Brexit would have "severe negative consequences for the UK aerospace industry and Airbus in particular". He said that Airbus has repeatedly been demanding clarity from Theresa May’s government over what trading arrangements will be available with Europe in March 2019,...

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