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      Bank of England to ‘tolerate slow return’ to inflation target as interest rates held

      Bank of England Governor Andrew Bailey said cited several indicators that the labour market was softening.

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Politics

  • Tory Assembly member accuses Sadiq Khan of ‘tricking Londoners’ over housing targets

    March 21, 2019

    A Conservative Assembly member has said Sadiq Khan's housing credibility is in "tatters" after he accused the mayor of double counting figures from previous years. Andrew Boff, a former mayoral candidate and Tories' housing spokesperson in the London Assembly, said Khan had failed to reach his housing target of 12,500 homes for the previous financial year because he had [...]

  • Theresa May told to change path on Brexit by industry and union leaders

    March 21, 2019

    Theresa May has been told to find a new approach to Brexit by the Trades Union Congress (TUC) and the Confederation of British Industry (CBI), who have warned the shock of no deal to the economy “would be felt by generations to come”. A new Brexit deal that must be struck that “protects workers, the [...]

  • For all the fire and fury, there’s only one deal in town – and MPs should vote for it

    March 21, 2019

    Yesterday afternoon a rumour spread around Westminster that the Prime Minister was going to make a live statement in Downing Street. The appearance of the Number 10 lectern always excites journalists as the PM tends only to use it when making dramatic announcements. Talk of her resignation or a high-stakes ultimatum continued to occupy Westminster-watchers [...]

  • German chancellor Angela Merkel says Brexit delay possible if MPs support May’s deal

    March 21, 2019

    German chancellor Angela Merkel said today that the EU could green light a short delay to Brexit, but only if MPs back the Prime Minister’s withdrawal agreement in a vote next week. Read more: Donald Tusk: Brexit delay only if MPs pass May's deal However, a third successive rejection to Theresa May’s Brexit deal might [...]

  • How field marshal May can get out of the Brexit trenches

    March 21, 2019

    The name of field marshal Douglas Haig, commander-in-chief of the British Expeditionary Force from 1915-18, is not one that usually trips off the tongue in connection with Brexit. But with the whole Brexit process having become mired in Flanders-type mud, and increasingly settling into First World War style trench warfare, he would seem a most apposite [...]

  • If Theresa May’s withdrawal deal passes, it will haunt the Tories forever

    March 21, 2019

    Thank you John Bercow. I’m sure that the speaker had his own reasons for announcing that Theresa May cannot just keep bringing back the same motion to parliament so she can browbeat, blackmail and bribe her backbench MPs into supporting the abomination that is her withdrawal agreement. I’m sure he is hoping that, in whittling [...]

  • May tells public ‘I’m on your side’ as she calls for Brexit date extension

    March 21, 2019

    Theresa May last night conceded that any delay to Brexit was “a matter of deep personal regret” as she used a live Downing Street address to pile pressure on MPs to back her unpopular deal. Speaking from Number 10, the Prime Minister said the public has “had enough” of the Brexit debate and wanted politicians [...]

  • Donald Tusk: Brexit delay only if MPs pass May’s deal

    March 20, 2019

    The EU will grant Theresa May’s request to delay Brexit if MPs finally pass the withdrawal agreement next week, European Council president Donald Tusk has confirmed. May formally requested a delay to the UK leaving the EU on 29 March in a letter to Tusk on Wednesday, asking for 30 June to be the new [...]

  • Donald Trump brands Kellyanne Conway’s husband a ‘stone cold LOSER’ in bizarre Twitter blast

    March 20, 2019

    US President Donald Trump has never been shy throwing around insults on Twitter, with historic targets including North Korean leader Kim Jong Un (“Rocketman”), former FBI director James Comey (“not smart”) and the media (“FAKE NEWS”). His latest target is more surprising: George Conway, husband of one of his closest aides, Kellyanne Conway. Trump unleashed [...]

  • Theresa May hints she would resign instead of accepting long Brexit delay

    March 20, 2019

    Downing Street has repeatedly refused to say if Theresa May will stay on as Prime Minister if the EU insist on a long delay to Brexit. Speaking in the Commons, May indicated she would rather quit the top job than facilitate a long extension to the withdrawal negotiations, saying: “As Prime Minister, I am not [...]

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