Theresa May’s Brexit trading plan fails to win over key Tories November 22, 2018 Theresa May's hopes of winning over rebel Tories were dashed on Thursday as a string of MPs spoke out against the latest part of her Brexit plan. A 26-page declaration on the UK and EU’s future trading arrangement was released following late Wednesday night talks between negotiators in Brussels, committing both sides to an “ambitious, [...]
FTSE 100 retailers boosted by Brexit breakthrough, but stronger sterling hurts blue chip index November 22, 2018 Retailers and housebuilders were leading the way in the FTSE 100 this afternoon following the news that the UK and EU have agreed a draft text on their future relationship after Brexit. Online delivery service Just Eat saw its share price increase by nearly four per cent, while online gambling firm GVC Holdings, Berkeley Homes, Burberry [...]
Brexit: UK economic outlook hinges on May selling deal November 22, 2018 | City Talk The deal is largely as we expected – but this is only the end of the beginning. UK’s negotiating power has been overestimated by many; the EU has dictated the terms of Brexit from the beginning. We believe that the risk of a no-deal Brexit will focus minds and lead to cross-party support for May’s [...]
Brexit deal ‘within our grasp’, says Prime Minister Theresa May November 22, 2018 Prime Minister Theresa May said today that a Brexit deal “is within our grasp” as she addressed the nation from Downing Street. “The British people want a good deal. That deal is in our grasp and I am determined to deliver it,” she said outside Number 10. “The text of the declaration has been agreed [...]
Money in your pocket: UK salaries set to increase in 2019 November 22, 2018 Workers in the UK are expected to receive a 0.8 per cent real-term salary increase in 2019, double the increase received in 2018. The average UK private sector worker will receive an extra £20 per month or £237.35 per year before tax. This follows a better-than-expected salary increase for UK workers in 2018 of 0.4 [...]
Pound jumps after Britain and EU agree draft text for political declaration on future ties after Brexit November 22, 2018 The pound has jumped this morning following the news that the European Commission and UK negotiators have agreed a declaration on the future relationship between the two sides after Brexit. Reuters reported an EU official as confirming that the draft declaration had been agreed. It will now be inspected by national envoys of the remaining [...]
EU hospitality workers rank UK most desirable place to work November 22, 2018 Hospitality workers from across the EU have ranked the UK as the most desirable place to work, despite concerns about a shrinking workforce after Brexit. Sixteen per cent of workers in the hospitality sector named the UK as their top location, according to a survey of 21,000 employees carried out by Caterer.com. In addition, almost [...]
From Brexit to Brino: The 10 capitulations of Theresa May November 22, 2018 Flashback to the early hours of Friday 24 June 2016. Imagine that BBC anchorman David Dimbleby looks to the camera and says: “Brexit will look like this. These will be its 10 defining features. These will be the 10 capitulations.” First, Brexit will necessitate the UK remaining in the customs union (or something very much like [...]
How Brexit could help mortgage prisoners break free November 22, 2018 In the years leading up to the 2008 financial crisis, lenders were dishing out large mortgages and asking for tiny deposits in return. Property values were rapidly outpacing wage growth, and buyers were being allowed to borrow eight times their annual salary. For many homeowners, the problems started after the crash when the regulators forced [...]
UK’s customs system would not work properly for two years in no-deal Brexit, MPs told November 21, 2018 A 'no deal' Brexit would see the UK without a fully functioning customs system for two years, MPs were told on Wednesday. Senior officials from HM Revenue & Customs told the Treasury committee the moment to start planning for the talks collapsing passed months ago" in a sobering warning. MPs heard the UK would struggle [...]