Philip Hammond: No-deal Brexiters will cause deliberate harm to the economy May 20, 2019 Chancellor Philip Hammond is set to issue a stark warning over the dangers of a no-deal Brexit, stating those in favour of leaving without a deal are advocating a deliberate act of harm on the economy. In a speech to be made at the annual dinner of the Confederation of British Industry (CBI) tomorrow night, [...]
City giant Martin Gilbert reveals which Tory leadership contender he thinks is ‘amazing’ May 20, 2019 City titan Martin Gilbert has talked up environment secretary Michael Gove as the next Conservative leader, dubbing him “amazing”. Gilbert, who co-founded Aberdeen Asset Management in 1983, was full of praise for the Brexit campaigner in an interview with City A.M. on the fringes of the City Week 2019 conference. “I think he’s amazing, I [...]
Campaigner and investor Helena Morrissey casts vote for Brexit party in upcoming Euro-election May 20, 2019 Investor and campaigner Dame Helena Morrissey has revealed she cast a postal vote for the Brexit party in the upcoming European elections, saying the Conservatives have not delivered on the result of the 2016 referendum. Read more: City 'must change everything' to improve diversity, says Helena Morrissey “I believe we should leave the EU and [...]
City minister John Glen rules out Brexit dividend from slashing EU regulations May 20, 2019 Diverting from the EU’s financial regulations after Brexit will not deliver “an enormous economic dividend”, the City minister has warned. Read more: Andrew Bailey is right to think about the City's future Speaking to City A.M. after delivering the opening speech at the City Week conference in London today, John Glen said the majority of [...]
Loopholes in anti-money laundering law could be exploited by criminals, MPs and Lords say May 20, 2019 A joint parliamentary Committee today raised concerns that criminals could exploit loopholes in a new bill aimed at clamping down on laundering money through UK property. The joint Committee on the draft Registration of Overseas Entities Bill welcomed the legislation, but said in its current state it could be circumvented by criminals. Read more: EU [...]
To avert the deluge, business must unleash its heroic spirit May 20, 2019 After us, the deluge. These are the words not of our Prime Minister, but from another troubled time and uttered by Madame de Pompadour, the lover of King Louis XV of France. The French Revolution would prove the prophecy. And for revolutionaries since, the idea of the deluge has inspired. Karl Marx went as far [...]
Change UK has no hope when it comes to voters May 20, 2019 The Australian Labor Party enjoyed a lead in over 50 consecutive polls in the run-up to the weekend’s general election, confirming the experts’ expectations – that the Liberal Party was done for and its conservative leader Scott Morrison was out. In the end, the polls were all wrong and Morrison remains Australia’s Prime Minister. We should [...]
Jeremy Corbyn hints at softened stance on freedom of movement May 19, 2019 Jeremy Corbyn has hinted that Labour could be prepared to accept freedom of movement if it were leading the Brexit negotiations with Europe. Freedom of movement is one of the four governing principles of the EU, along with the free movement of goods, services and capital. The party had previously ruled out freedom of movement, [...]
Theresa May promises MPs a ‘new and improved’ Brexit deal ahead of vote in June May 19, 2019 Theresa May has promised to put a "new and improved" deal before MPs when they are asked to vote on the Withdrawal Bill in the first week of June. The Prime Minister, who will soon agree her departure date from Downing Street, promised that the Withdrawal Agreement Bill (WAB), which will enshrine the Withdrawal Agreement into law, [...]
Australia prime minister claims shock win in country’s election as Labor’s Bill Shorten accepts defeat May 18, 2019 There looks set to be a shock result in the Australian general election as leader of the opposition Labor party, Bill Shorten, who was widely expected to win, has accepted defeat. The current ruling coalition is set to return to power, led by prime minister Scott Morrison, despite polls predicting he would lose. Read more: [...]