Sterling rises as traders buy into soft Brexit noises January 23, 2019 Traders banked on the likelihood of a ‘no deal’ Brexit diminishing as sterling leapt to a two month high against the dollar on Wednesday The pound peaked at 1.3079 against the US currency as noises from both Westminster and Davos suggested a softer Brexit was likely. In London, Labour leader Jeremy Corbyn held a meeting with [...]
Suspend parliament if it tries to block no-deal Brexit, says Jacob Rees-Mogg January 23, 2019 Leading Brexiter Jacob Rees-Mogg has called on Theresa May to suspend parliament if tries to block a no-deal Brexit. Labour MP Yvette Cooper is leading a cross-party move to get it written into law that the UK cannot leave the EU without an agreement. Opposition leader Jeremy Corbyn is meeting with Cooper to discuss whether Labour will [...]
Pound rises to 10-week high as fears of a no-deal Brexit recede January 23, 2019 Sterling rose to above $1.30 today reaching a 10-week high as fears of a no-deal Brexit eased. The pound also rose against the Euro to its highest level in a month, rising to near €1.15. Sterling’s rise was helped by hopes that the Labour Party would move to prevent a no-deal Brexit. Labour MP Yvette [...]
London needs micro-homes to solve the housing crisis January 21, 2019 Size doesn’t matter. When it comes to property at least, it’s all about location, location, location. Everyday, thousands of city workers (yes, I’m talking about you) are forced into excruciatingly long commutes from the outskirts of London, because living in the city centre – and, frankly, most of the capital – is simply unaffordable. Micro-housing would [...]
Labour loses up to 150,000 members over its stance on Brexit January 20, 2019 The Labour party's stance on Brexit has prompted the exodus of about 150,000 members in recent months, according to reports. Labour sources told the Sunday Times that up to 100,000 are also not up to date with their subscriptions and enrolment is floundering at 385,000. The losses have reportedly cost the party £6m. A Labour source [...]
Customs union compromise could open the door to renewed talks on Brexit, says commissioner January 19, 2019 Britain could clear the way to reaching an agreement on the Brexit deal if it rows back on a commitment to leave the EU’s customs union, according to a senior commissioner within the bloc. Prime Minister Theresa May is still in a stand-off with opposition Labour leader Jeremy Corbyn, halting her last minute bid to [...]
Boris Johnson says delaying Article 50 would erode trust in politicians January 18, 2019 Boris Johnson warned today that politicians risk losing the electorate's trust if they were to delay Brexit by extending Article 50 beyond 29 March. In a speech at building machinery giant JCB’s headquarters in Staffordshire this morning, he said: “It's overwhelmingly likely we will get a deal, a good deal – we just won't get [...]
Theresa May tells Corbyn to drop ‘impossible’ demand of ruling out a no deal Brexit January 17, 2019 Theresa May and Jeremy Corbyn are at loggerheads after the Prime Minister refused to give in to Labour’s “impossible condition” of ruling out a no deal Brexit. In a letter to the Labour leader, May urged her opposite number to drop the demand – which is Corbyn’s precondition for any cross-party talks on breaking the [...]
Hard Brexit risks ‘manageable’ says Irish central bank official January 17, 2019 The risks of a “cliff edge” Brexit to the stability of the Irish financial system are manageable and the majority of its “most significant” firms are already executing contingency plans, the Central Bank of Ireland deputy governor Ed Sibley said today. Sibley said: “I am satisfied that from a financial stability perspective the most material [...]
Michael Gove tears into Jeremy Corbyn as government defeats no confidence vote January 16, 2019 Theresa May survived a vote of no confidence in her government on Wednesday after a barnstorming speech from Michael Gove tore apart the Labour leader’s claim to be the next Prime Minister. Labour leader Jeremy Corbyn tabled the motion after May’s Brexit deal was heavily defeated on Tuesday night in a bid to force a general [...]