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General election: Theresa May to face Tory backbench MPsBack


General election: Theresa May to face Tory backbench MPs 

Theresa May will face tough questions later from her backbenchers after the Conservatives lost their majority at last week’s election. The MPs are expected to raise concerns about her leadership style, and press for more details on talks with the Democratic Unionists. Mrs May’s new cabinet will also meet for the first time after a reshuffle.

Brexit Secretary David Davis predicted some parts of the Tory manifesto would now have to be “pruned”.


Hung parliament sinks business confidence, IoD finds 

The uncertainty caused by the general election has led business confidence to sink “through the floor”, according to a lobby group. A snap poll of 700 members of the Institute of Directors found a “dramatic drop” in confidence following the hung parliament. Members saw no clear way to resolve the political impasse quickly, the IoD said. However, it found there was “no desire” for another election this year.



The Financial Times


Jaguar Land Rover tests upmarket ride-sharing with Lyft deal 

Jaguar Land Rover has become the latest carmaker to pair with a car-booking app by investing $25m with US group Lyft and agreeing to test upmarket ride-sharing services and driverless cars. The car industry is betting that vehicle ownership will fall in major cities in the long term as people switch away from traditional car usage and begin demanding transport as a service. Several car groups have partnered with car-booking companies, in an attempt to develop technology and services together but also to give the traditional carmakers a new avenue for potential sales.


Chang’an chief predicts culling of China car brands 

China’s auto industry is ripe for consolidation and will eventually boast just five large domestic producers, a senior Chinese industry executive has predicted. Zhu Huaron, president of Chang’an Automobile, one of the country’s largest domestic carmakers, told a conference in his company’s hometown of Chongqing that attrition would soon cut the ranks of Chinese car brands, which stand at 46. Mr Zhu declined to say which marques would survive and which will fail, but said the number of producers must inevitably shrink.



The Guardian  


Air pollution more harmful to children in cars than outside, warns top scientist 

Children are at risk of dangerous levels of air pollution in cars because exposure to toxic air is often far higher inside than outside vehicles, a former government chief scientific adviser has warned. Prof Sir David King, writing for the Guardian, says walking or cycling to school would be much better for children’s health. The warning comes as the UK government faces a third legal defeat for failing to tackle the country’s illegal levels of air pollution. Air pollution is known to damage children’s developing lungs but recent research also indicates it harms children’s ability to learn at school and may damage their DNA. “Children sitting in the backseat of vehicles are likely to be exposed to dangerous levels [of air pollution],” said King. “You may be driving a cleaner vehicle but your children are sitting in a box collecting toxic gases from all the vehicles around you.”



The Daily Mail


Debt fears over new car deals that only need a £300 deposit: Concerns controversial plans have helped fuel borrowing binge 

Fears of a dangerous debt bubble are growing as motorists drive off in new cars after paying a deposit of just £319. Britons spent £3.6billion on car loan deals in March alone, up 13 per cent on a year earlier. But most new car ‘buyers’ actually use loan deals to rent the vehicles. A £12,000 Smart ForTwo car can be handed over for £319 up front and three years of monthly payments of £106, under a controversial Personal Contract Purchase (PCP) deal.

It is one of a range of ultra-cheap deals available as PCPs that have fuelled a borrowing binge and raised fears of a debt crisis similar to the sub-prime mortgage debacle that led to the financial crash.



Posted by Paul Carpenter on 12/06/2017