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SUPER MARIO? SEARCH FOR PERFECTION LOOKING BACK THE VERDICT ON GOOGLE’S ON DRAGHI’S LATEST PIXEL PHONE P28 ECB REIGN P17 THURSDAY 24 OCTOBER 2019 ISSUE 3,485 CITYAM.COM FREE
VIRGIN SPACE VENTURE SET New chair TO GO PUBLIC NEXT WEEK AS for treasury FLOATME TO BRANSON EYES watchdog LUNAR LUXURY CATHERINE NEILAN @CatNeilan TORY MP Mel Stride has been named as the new chair of the influential Treasury Select Committee. Stride, a former treasury THE MOON minister, won the race to replace former chair Nicky Morgan, who left the post after she returned to cabinet as culture secretary. Speaking after the result yesterday, Stride said: “At a time of great sound and fury… I hope that our committee can now bring forward some illumination and light.” The committee is tasked with oversight of the Treasury, HMRC and associated public bodies including the Bank of England and the Financial Conduct Authority. Under recent chairs it has expanded its remit and now oversees ALEX DANIEL “Virgin Galactic is there to initially put Elon Musk’s Space X to be the private firms across financial AND JESSICA CLARK people into space, make them first firm to offer tourist trips and professional services. @alexmdaniel @jclarkjourno astronauts, and then on the back of to space. Stride was previously an putting people into space, we’ve just Branson even raised the entrepreneur, and served as a SIR RICHARD Branson expects his space done a deal with Boeing to start looking possibility of a lunar hotel as the minister under Theresa May. venture Virgin Galactic will float on the at point to point travel.” next step — rather than focusing Labour MP Wes Streeting New York Stock Exchange on Monday, he That would allow passengers to travel on humans living on Mars, an idea said he and other committee announced yesterday. between two locations on Earth using a Bezos has previously floated. members would have to take The billionaire said he is “bullish” Virgin Galactic spaceship. “We’re looking at creating steps to ensure there is no about the listing and hopes to ring the Earlier this month, Boeing announced something like a Virgin Hotel in space,” conflict of interest relating to bell himself as his space flight company a $20m (£15.5m) investment in Virgin he said while at an event in Israel. Stride’s time as minister, when becomes the first to go public. Galactic in preparation for the “It may develop into that [colonising he oversaw the controversial “We’ve got Virgin Galactic that, all going company’s public listing. Mars]...But I think that we feel a hotel in loan charge policy — which is well, should be floating and should be the The space race is heating up as it space would be better, maybe just on currently subject to first public space company in the market competes with rivals such as Blue Origin, the Moon, may be better than actually parliamentary scrutiny. on Monday,” Branson told City A.M. backed by Amazon’s Jeff Bezos, and colonising.” £ THE CITY VIEW: P2
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02 NEWS THURSDAY 24 OCTOBER 2019 CITYAM.COM
TRAGEDY IN ESSEX 25-year-old man arrested for murder after 39 found dead in lorry container on an industrial estate in Grays THE CITY VIEW Treasury watchdog has huge task ahead ESTMINSTER isn’t a happy place these days. MPs leave under police escort while protesters from both sides of Wthe Brexit stalemate berate them; conventions in parliament are