LARGE parts of the Bank of England may be relocated to Birmingham if Labour wins power.
A report setting out considerations for the party’s next general election manifesto recommended such a move as well as locating a new National Investment Bank in Britain’s second biggest city. Bank of England offices could also be set up in Glasgow, Cardiff and Belfast, with two smaller regional ones in Newcastle and Plymouth as part of a shake-up of the country’s financial infrastructure aimed at ensuring more business investment is provided.
Shadow chancellor John THE new court case of imprisoned Briton Nazanin Zaghari-Ratcliffe has been postponed in the wake of the Foreign Secretary’s visit to Iran, her husband has said.
Boris Johnson has been on a two-day visit to Iran where he has held separate talks with the president, Hassan Rouhani, and his Iranian counterpar t Mohammad Javad Zarif.
Richard Ratcliffe said: “Nazanin’s court case was not held today in the wake of the Foreign Secretary’s visit. This is undoubtedly a good sign.
“The Foreign Secretary also met with Nazanin’s family on Saturday to reassure them she was a close suggests the SNP is on 38 points, Scottish Labour 29, the Scottish Tories 24 and the Scottish LibDems seven.
Ahead of his visit to Westminster, Mr Leonard said: “It will be Scotland that delivers a Labour government for the whole UK at the next general election.”
McDonnell said: “Labour is committed to working with our financial institutions to help deliver the financing that the fourth industrial revolution will need, as part of its ambitious plans to help build a high-tech, high-wage economy that works for the many, not the few.”
Graham Turner of GFC Economics, who provided the report, said more needed to be done to deal w i t h g e o g r a p h i c inequality.
He said: “Flow of funds analysis shows that banks are diverting resources away from industries vital to the future of this country.
There is a risk that the disproportionate number of technology companies in London and the South East will increase.”
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