Sterling and stocks steady after plunging in the wake of Theresa May’s Brexit deal November 16, 2018 Sterling held steady during Friday's early trading after a day of turmoil on Thursday, which saw several ministerial resignations in the wake of Theresa May's draft Brexit deal. The pound rose by 0.3 per cent to above the $1.28 mark, having plummeted by its biggest margin for two years, yesterday. The FTSE 100 and FTSE 250 [...]
Theresa May admits she harbours ‘concerns’ over Brexit deal’s Irish backstop agreement November 16, 2018 Theresa May admitted she has concerns over her Brexit deal’s strategy to avoid a hard border in Ireland as she resisted calls to step down as Prime Minister on LBC today. A string of MPs have resigned so far over her Brexit withdrawal agreement, which puts the UK in a temporary customs union with the [...]
Michael Gove ‘may quit cabinet’ over Brexit deal November 16, 2018 Environment secretary and Brexiter Michael Gove is reportedly considering resigning from the cabinet this morning. Gove turned down the role of Brexit minister following Dominic Raab’s resignation yesterday, City A.M. understands, over fears he would not be allowed to renegotiate a Brexit deal after the Prime Minister’s proved hugely unpopular with senior ministers in her [...]
It’s not just parliament facing a Brexit showdown: Brussels also has a big dilemma on its hands November 16, 2018 Two months is an exceedingly long time when it comes to Brexit. But try, if you will, to cast your minds back to September and the run up to the Conservative party conference. On more than one occasion EU leaders suddenly and unexpectedly changed tone and delivered Prime Minister Theresa May a vote of confidence. [...]
Kleinman: Beat Barxit? Jes he can – for now November 16, 2018 Come again? The fawning of business leaders who dialled into a conference call with the chancellor and business secretary after Theresa May’s Brexit deal announcement on Tuesday was stunning in its obsequiousness. Particularly odd was Sir Gerry Grimstone who – sitting alongside fellow Barclays board members John McFarlane and Sir Ian Cheshire – took it [...]
Brexit deal: Who resigned, when they resigned, and what they told Theresa May November 15, 2018 Dominic Raab – Brexit Secretary – 9.55am “I understand why you have chosen to pursue the deal with the EU on the terms proposed, and I respect the different views held in good faith by all of our colleagues. “For my part, I cannot support the proposed deal for two reasons. First, I believe that [...]
Theresa May vows to fight on amid cabinet resignations and calls to quit November 15, 2018 A defiant Theresa May vowed to fight any challenge to her leadership after she faced a host of ministerial resignations and calls for her to quit. On yet another day of high drama in Westminster, Brexit secretary Dominic Raab resigned his position in protest at May’s draft exit deal with Brussels, and was soon followed [...]
England housing stock increases but housebuilders still fall short of target November 15, 2018 The number of new homes completed in England in the last year reached its highest level in a decade, but growth has plummeted as Brexit uncertainties take hold. Just over 222,000 more homes were added to England’s housing stock in 2017-2018, according to figures released today by the minister of housing, communities and local government (MHCLG). [...]
Profit or purpose? Business must find a better balance November 15, 2018 Last week, I attended a meeting of entrepreneurs backing Small Business Saturday (coming up on 1 December) to look at a survey of what motivates these firms. I expected a tirade against red tape and tax. What we got was the news that, of over 1,000 SMEs polled, only 60 per cent were primarily driven [...]
Theresa May’s future hanging by a thread as leading Brexiters call on her to go November 15, 2018 Theresa May’s future hangs by a thread this afternoon after leading Brexiter Jacob Rees-Mogg called for her to be ousted as Prime Minister. The North East Somerset MP, who chairs the European Research Group of Conservative Brexiters, sent in a letter on Thursday calling for the Prime Minister to be subject to a confidence vote. [...]