EU referendum: Leave camp pulls ahead in latest poll from Ipsos Mori which shows six point lead for Brexiteers June 16, 2016 The Leave campaign is ahead of the Remain side in the run up to next week's EU referendum, according to the latest poll from Ipsos Mori. The poll, conducted by Ipsos Mori and the Evening Standard, shows that the Out brigade have taken a six point lead, with 53 per cent of voters wanting to [...]
Carney ignites recession row with Brexit warning May 13, 2016 Bank of England governor Mark Carney sparked an intense political row yesterday after he said that a vote to leave the European Union could plunge Britain into recession. Former chancellor Lord Lamont slammed Carney’s “unwise” choice of words, while two Conservative members of the influential Treasury Select Committee – which is appointed by Parliament to [...]
Budget 2017: The full text of chancellor Philip Hammond’s speech March 8, 2017 Philip Hammond has delivered his first – and last – Spring Budget. Headline announcements included more cash for social care and punishing new rules for the self-employed – plus some vague comments on business rates. Read more: City A.M.'s TL;DR version of the Spring 2017 Budget Here's what he said: Mr Deputy Speaker, I report [...]
Employment minister Priti Patel has launched a stinging attack on Osborne and Lagarde following Brexit recession warnings May 13, 2016 One of George Osborne's cabinet colleagues has accused the chancellor of "cashing in favours" from the International Monetary Fund (IMF) over its warning that Brexit could trigger a recession. Priti Patel, the employment minister, who used to work in the Treasury with Osborne, said: "The EU-funded IMF should not interfere in our democratic debate … It appears [...]
The Tories called this referendum – now they need to deal with the consequences July 7, 2016 How low can it go? With the pound sliding further this week, the question on many lips is where our currency will settle in this uncharted post-referendum landscape. A brief dip below $1.28 raised eyebrows during trading yesterday; and while sterling picked up later on to trade slightly above $1.29 late last night, many City [...]
Theresa May has blessed the Arm acquisition, but fears are growing the new PM will be too interventionist on M&A July 18, 2016 Theresa May's new government gave its whole-hearted backing to the sale of Arm yesterday, but suggested it could block future deals if they are not considered to be “in the national interest”. May and her chancellor Philip Hammond hailed the £24bn purchase by Japanese giant Softbank, with Downing Street describing the deal as “a vote of confidence [...]
In numbers: Remain campaigners and Downing St aides to get gongs – but how does Cameron’s honours list compare to previous PMs? August 1, 2016 Former Prime Minister David Cameron is facing fury over this morning over honours expected to be delivered to former members of staff and EU referendum campaigners. The Sunday Times reported that Cameron will hand out 48 gongs in his resignation honours, with exactly half predicted for former Downing Street staff. The nominations have led to the [...]
Carney’s warning of a Brexit recession sparks war of words between Threadneedle Street and former Chancellor May 12, 2016 The Bank of England has warned that leaving the European Union could trigger a recession, lead to a jump in inflation, higher unemployment and a “sharp” depreciation in the value of sterling. Threadneedle Street issued its most hard-hitting analysis of the likely effect of Brexit in the final Super Thursday before the referendum on 23 June, [...]
Former chancellor says Carney’s Brexit intervention could trigger an economic crisis May 12, 2016 Former chancellor of the exchequer Lord Lamont has warned Mark Carney that his Brexit warnings could spark an economic crisis. The Conservative politician, who is now part of the official campaign group, Vote Leave, said the governor of the Bank of England should choose his words more carefully as he dismissed Carney's claims that Brexit was the most significant risk [...]
IMF Brexit analysis will be published just days before the EU referendum May 13, 2016 The International Monetary Fund (IMF) will publish a full assessment of how Brexit will affect the UK economy less than one week before Brits go to the polls on 23 June. While issuing a stark warning that a vote to leave the EU could trigger a recession – the second in two days after Mark Carney's [...]