Going for gold: How the Bank of England became a battleground of the Venezuela crisis February 10, 2019 While tens of thousands of Venezuelans continued their revolt against the regime of discredited strongman Nicolas Maduro last week, a rather different form of protest popped up in the Square Mile. A group of far-left protesters, who counted Ken Livingstone and Labour MP Chris Williamson among their ranks, accused the Bank of England of “theft” [...]
Brexit Live: Theresa May survives vote of no confidence December 12, 2018 Prime Minister Theresa May faces a challenge to her leadership after the threshold for triggering a vote of no confidence was reached this morning. Welcome to today’s City A.M. Brexit live blog. This post is being updated. Please refresh for the latest version. A vote will be held tonight between 6pm and 8pm after Sir Graham [...]
No confidence: This is how Tory MPs plan to vote in tonight’s crucial contest over Theresa May’s future as Prime Minister December 12, 2018 The number of MPs who have declared themselves either in support of or against the leadership of Prime Minister Theresa May is growing. Here's who has said what so far. A vote of no confidence was triggered this morning, after more than 48 MPs sent in letters to Sir Graham Brady who controls the process. The [...]
Chomping at the bit: The race is on to be the next Tory leader October 17, 2018 There will be no deal this week. It was intended, then hoped for, but a Brexit deal is now as far away as it has ever been. The longer this goes on, the more likely it is that there will be a late capitulation, the mother-of-all-compromises by Downing Street, presented as a victory for all [...]
May is not a match for Boris – give him a chance to lead October 3, 2018 Boris has spoken, and such was his performance that the moment must come soon where he is given the opportunity to lead the Conservative Party before it faces further humiliation at the hands of the EU leadership, or is ultimately defeated by Jeremy Corbyn and his Momentum mob. Everyone expected Boris Johnson to cover the [...]
Ministers up the ante over fears Brussels is misrepresenting UK stance August 1, 2018 Government ministers will spend much of August using one-to-one meetings with EU counterparts to press the case for a financial services deal, fearing the Commission has been deliberately misconstruing the UK’s official position. Senior figures including chancellor Philip Hammond and the new foreign secretary Jeremy Hunt have been among those clarifying the stance adopted in [...]
Jeremy Hunt warns no deal likelihood increasing by the day – and issues veiled threat of deregulation July 31, 2018 The likelihood of the UK crashing out of the European Union without a deal is “increasing by the day”, foreign secretary Jeremy Hunt has warned. He also issued a veiled threat that the government could loosen regulation for financial services to ensure the City continued to "thrive". The former health secretary, who was parachuted into [...]
China ready to open talks with UK on post-Brexit free trade deal, says Jeremy Hunt | City A.M. July 30, 2018 China has signalled it is ready to open discussions on a possible free trade deal with Britain once it leaves the EU, the foreign secretary has said. Jeremy Hunt is on his first overseas visit as foreign secretary after he was appointed to succeed Boris Johnson, who resigned in protest at Theresa May’s Brexit Chequers [...]
Austria’s Chancellor tells Theresa May to avoid a ‘hard Brexit’ | City A.M. July 28, 2018 Austria’s chancellor Sebastian Kurz has told Theresa May it is important the UK avoids a hard and disorderly Brexit as the prime minister continued her charm offensive on EU member states. In a trip to Salzbug, May held talks with both Kurz and the Czech prime minister Andrei Babis to sell the appeal of trading [...]
Key Chequers Brexit meeting to result in “softest of hard Brexits” as full Cabinet tips balance away from pro-Leave ministers June 27, 2018 Next week’s crunch meeting to thrash out a final position on the customs union is likely to result in “the softest of hard Brexits” after the balance has been shifted away from favouring government’s most ardent Brexiters. While it had originally been planned as a two-day overnight stay at the grace-and-favour Buckinghamshire mansion, the first [...]