Tui Airways adds extra flights by hiring Thomas Cook cabin and crew October 10, 2019 Europe’s largest travel company will fly up to two million more passengers in 2020 with the help of former Thomas Cook staff. Tui Airways has announced it will add an extra 10,000 flights next year by hiring former Thomas Cook pilots and cabin crew. Read more: Will buyout of Thomas Cook’s 555 high street stores [...]
Brexit: Johnson and Varadkar see ‘pathway to possible deal’ October 10, 2019 Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar have issued a joint statement saying they both see “a pathway to a possible deal”. The two will now consult with their respective negotiating teams, including the EU’s Taskforce 50, ahead of further talks. Sterling climbed 0.5 per cent to $1.2267 on the back of the [...]
Government criticised for refusal to extend financial watchdog’s remit October 10, 2019 The government has been criticised for refusing to back a policy that would allow the financial regulator to recommend changes to its remit after the chair of the watchdog warned that regulatory loopholes were being exploited by “bad people”. In a report released in August, the Treasury Select Committee (TSC) had recommended the Financial Conduct [...]
Boris Johnson holds Brexit talks with Irish PM Leo Varadkar October 10, 2019 Boris Johnson is holding talks with Irish Taoiseach Leo Varadkar this afternoon to discuss the UK’s latest Brexit proposal. Number 10 said the pair will meet in North East England to “have detailed discussions” about the government’s proposal for a post-Brexit agreement on the island of Ireland. Read more: Brexit extension beyond halloween now priced [...]
Brexit extension beyond Halloween ‘now priced in’ October 9, 2019 The chances of a Brexit deal appear to have ebbed further yesterday, with one government source telling City A.M. an extension was now “priced in” to their thinking. Neither side is willing to publicly admit defeat, for fear of being blamed, but Irish Taoiseach Leo Varadkar and EU negotiator Michel Barnier both said it would [...]
Disruptive no-deal scenario could weaken the UK equity market and pound October 9, 2019 UK equities and sterling could both suffer a double-digit hit to their value from a disruptive no-deal Brexit, according to a new financial stress test. In the event of a disorderly departure from the European Union, UK equity markets and the pound relative to the dollar could weaken by 15 per cent and 10 per [...]
Majority of British drivers unaware of documents needed for no-deal Brexit October 9, 2019 Millions of British motorists are not aware they may be required to carry an insurance green card to drive in Europe after Brexit. UK citizens driving in the EU will need the card in the case of a no-deal Brexit to prove they have third-party insurance. Read more: Johnson facing cabinet revolt over a possible [...]
Donald Trump says the Federal Reserve “don’t have a clue” October 9, 2019 Donald Trump has upped his attacks on the US Federal Reserve, saying they “don’t have a clue”. The President was responding on social media to comments made by Fox News presenter Maria Bartiromo saying the Fed was “behind the curve” on cutting interest rates. Read more: Trump threatens to obliterate Turkish economy if it defies [...]
Centrist Tories ‘reassured’ over no deal Brexit after Downing Street meeting October 9, 2019 One Nation Tories have been won over by the Prime Minister, after telling him it would be “unacceptable” to stand on a no-deal Brexit election pledge. Damian Green, who heads up the centrist caucus of around 80 MPs, met with Boris Johnson in Downing Street today along with colleagues Victoria Prentis, Gillian Keegan and James [...]
Bercow discussed Brexit plans with European Parliament head October 9, 2019 The president of the European Parliament spoke directly with Commons speaker John Bercow, telling him Brussels would back a Brexit extension if the final decision is put to UK voters. David Sassoli, who was in London yesterday, today told his fellow MEPs in Brussels that “not much progress has been made” in recent days. He [...]