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Danny Alexander and Vince Cable to be knighted

Former Liberal Democrat chief secretary to the Treasury Danny Alexander is to be knighted as part of the dissolution honours list announced today.

Alexander served in the Treasury for all of the last parliament, working closely with Chancellor George Osborne in the coalition government.

He is joined in being knighted by Vince Cable, who ended the last parliament as secretary of state for business, innovation and skills.

At the same time, former health minister Andrew Lansley is to be given a peerage, as well as former foreign secretary William Hague after both stepped down at the last election.

Also entering the Lords is former Labour chancellor Alistair Darling, former Lib Dem leader Sir Menzies Campbell, as well as David Blunkett, Peter Hain and Tessa Jowell.

Former public accounts committee chair Margaret Hodge will be handed a DBE for political and public service.



Letters: Get real on older borrowers

Star letter: Get real on older borrowers Earlier this month, Mortgage Strategy ran a feature on the problems with lending into retirement and why larger lenders were ignoring older borrowers. Why is it that such articles have a tendency to avoid the basics? Lending is basically a gamble – and a long-term gamble at that. […]


Gross lending hits seven-year high

Gross lending reached a seven-year high in July, according to the Council of Mortgage Lenders. Lenders advanced an estimated £22bn last month – 14 per cent higher than the £19.4bn advanced in July 2014 and 9 per cent higher than the £20.1bn advanced in June. CML economist Mohammad Jamei says: “At £22bn, our estimate of […]


How the FCA board debated Martin Wheatley exit

The FCA board debated the handling of chief executive Martin Wheatley’s departure just one day before it was announced to the market. Minutes from the FCA’s July board meeting, published yesterday, reveal how quickly the regulator moved in announcing Wheatley was leaving. The meeting was held on 16 July, and refers to the Treasury’s “very […]


HSBC to drop plans for Midland Bank rebrand

HSBC will decide against plans to bring back Midland Bank as part of a rebranding of its UK branches, according to reports. Chief executive Stuart Gulliver announced the bank would seek a separate identity for UK retail banks in June. Chairman Douglas Flint later told the FT the return of the Midland brand was “odds-on […]

piggy, cash, money

Reassuringly focused on claims

By Ross Jackson, senior protection marketing manager We’re sure you’ll have heard your customers say ‘But insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection. In fact, our State of the Protection Nation research showed that 27 per cent of consumers asked didn’t think protection providers paid out […]


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