Tory Brexiters draw up list of terms for backing Theresa May’s exit deal March 3, 2019 Tory Brexiters have drawn up a list of conditions that Theresa May needs to satisfy in order to receive their backing in a looming crunch Commons vote on her Brexit deal. Members of the European Research Group (ERG), chaired by Jacob Rees-Mogg, have drawn up “three tests” that May has to meet in order for [...]
EU ready to give UK more guarantees Irish backstop is temporary March 2, 2019 The European Union is prepared to offer more guarantees to the UK that the Irish border backstop is only intended to be temporary with less than two weeks until parliament vote on Prime Minister Theresa May's deal. The bloc's chief Brexit negotiator, Michel Barnier, has labelled the backstop as an "insurance" but has moved to [...]
Parliament gets Brexit votes: Pound hits $1.33, FTSE 100 comes off 7,200 March 1, 2019 | City Talk Just as it seemed Theresa May was on track to appease the hard-line Brexiters in her party, it’s now the Remainers causing problems. Last week three MPs, Anna Soubry, Sarah Wollaston and Heidi Allen, quit to join the new Independent Party formed by eight breakaway Labour MPs a few days before. More Conservatives have threatened [...]
Editor’s Notes: Let’s hear it from the New Democrats and Reagan Republicans March 1, 2019 Back in 2015, I was convinced the UK was heading for another hung parliament. The following year I expected a comfortable Remain victory in the EU referendum. A few months later, turning to the US, I was certain that Hillary Clinton would trounce Donald Trump at the ballot box. Then, just to compound things, I [...]
Minister quits government warning Brexit delay will lead to ‘final humiliation’ of UK February 28, 2019 Agriculture minister George Eustice has quit the government, warning a delay in Brexit could lead to the “final humiliation of our country”. Eustice, who campaigned for Leave in the 2016 referendum, told Theresa May he had stuck by her through “a series of undignified retreats” during the course of the negotiations, but the possibility of [...]
MPs criticise government for ‘lack of transparency’ over £61m Nissan ‘sweetheart’ deal February 27, 2019 An influential group of MPs has today criticised the government for not telling parliament about the £61m offer it made to Nissan in a bid to persuade the car-maker to stay in the UK. Reports that the government was offering “financial assistance” to Nissan emerged in 2016 but were dismissed by Theresa May’s deputy spokesperson [...]
Sterling climbs as markets welcome parliament’s vote on possible Brexit delay February 27, 2019 Sterling soared against the euro and dollar today as markets welcomed the possibility that Brexit could be delayed. The pound rose 0.5 per cent to an eight-month high against the dollar of $1.331. Read more: Tory MP leaves government after Brexit amendment to protect EU citizens It did even better against the euro, bubbling up [...]
Tory MP Alberto Costa leaves government after Brexit amendment to protect EU citizens February 27, 2019 A Tory MP has left the government after proposing an amendment aimed at ensuring rights for EU nationals in the UK and Britons across the 27 EU member states, even in the case of a no-deal Brexit. Read more: Britain lost faith in its politicians – and then it voted for Brexit The Prime Minister’s [...]
Chemicals firm Croda stockpiles goods ahead of Brexit February 26, 2019 Chemical manufacturer Croda announced today it is stockpiling goods in mainland Europe and adapting its trading model in preparation for Brexit. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit The British firm, which supplies chemicals to Unilever, Proctor & Gamble and L'Oreal among others, also saw adjusted profit before tax tick up 1.2 [...]
Theresa May to give parliament a vote on no-deal Brexit as delay to Article 50 appears on horizon February 26, 2019 Prime Minister Theresa May today conceded the possibility of delaying Brexit if parliament rejects her deal for a second time. Addressing the Commons, May said that if MPs reject her withdrawal agreement on 12 March, a vote will take place the following day on whether the UK leaves the EU with or without a deal. [...]