Deputy Prime Minister Nick Clegg, who wants British employees to own their companies, is set to speak in favour of employee ownership at a forthcoming summit in London. In a move to help people pilot their own boats, David Cameron’s deputy will highlight the normalcy of employee ownership, which is now considered rather privileged. Setting up an Institute for Employee Ownership is also on the cards for the government, it…

John Constable’s 1824 painting, The Lock, has become one of the most expensive British paintings ever sold after fetching £22,441,250 in an auction at Christie’s. The painting, that portrays Suffolk rural life, now shares place with George Stubbs’s Gimcrack on Newmarket Heath, with a Trainer, a Stable-Lad, and a Jockey that fetched the same amount in 2011, as one of the most expensive British paintings ever sold. Madrid’s Bornemisza Museum had housed…

David Cameron has launched a speedy inquiry into Barclay’s rate-rigging scandal to deal with the widespread criticism of British banking. Cameron said the Serious Fraud Office were looking at whether any criminal prosecutions could be brought. “I want us to establish a full parliamentary committee of inquiry involving both Houses chaired by the Chairman of the House of Commons Treasury Select Committee”, he said. “This inquiry will take evidence under…

Pace, the New York based international gallery, is all set to occupy the Sir David Chipperfield redesigned west wing of the Royal Academy’s Burlington Gardens building in London. Pace will occupy the 9,000 sq ft space that was the Museum of Mankind and was recently occupied by the Haunch of Venison during the refurbishment of its gallery off Bond Street. The announcement comes after what the RA called “a rigorous tendering…

David Cameron’s decision to postpone a referendum on Brussels until the next general election has irked Alex Salmond, who accused the Prime Minister of showing fake enthusiasm over the matter. Addressing the House of Commons on Monday, David Cameron said Brits should give “fresh consent” for joining the EU and a referendum can be made once the eurozone crisis is resolved. Cameron is believed to have conditioned Alex Salmond’s power…

Incidents of rouge killings are increasing in Afghanistan, jeopardising relations between NATO and local police a member of which gunned down three British soldiers on Sunday after a scuffle broke out between the two parties at a checkpoint in Helmand province. A statement from the Defence Ministry confirmed on Monday that the soldiers were working with an Afghan police advisory unit. The policeman who carried out the attack has been…

David Cameron is most likely to face a record opposition over the European Union (EU) after he tried and failed to satisfy Conservative demands for a referendum. The Prime Minister caused an uproar after he backed the idea of a poll on Europe and said that decision will be taken “when the time is right”, indicating that it could probably mean after the next general election. Cameron said that for…

Katie Holmes wants a divorce with Tom Cruise, as she filed the papers in New York on Thursday asking for custody of her six-year-old daughter Suri. Tom Cruise has exclaimed he is “deeply saddened” at Katie’s decision to be separated. The couple filed their marriage certificate in California in 2006. Katie is alleged to have decided on the divorce and therefore arranged for it weeks back. New York Post reported,…

Mayor Boris Johnson has backed the plan for a London Grand Prix, on condition that the event won’t put London’s sound levels at an alarming high. The Mayor, while speaking at the launch of a new cable car system on Thames yesterday, said the proposed London Grand Prix could boost the city’s economy and he has a “broadly positive” outlook about it. However, he insisted that before a London Grand…

The Flaming Lips, the US rock band, has made the Guinness World Record for most number of live shows in 24 hours in various cities. As part of MTV’s O Music Awards, the psychedelic band performed eight times across the Mississippi Delta, beginning in Memphis, Tennessee, and finishing up at the House of Blues in New Orleans, Louisiana, with 20 minutes to spare before the deadline. The band broke the…