Countdown to Brexit: three market indicators to watch April 15, 2019 | City Talk With politicians still struggling to agree the terms of withdrawal, investors in assets linked to the UK economy could be in for an uncertain time. UK investments have already underperformed their global peers since Britain voted to leave the EU, in June 2016. For instance, sterling is down 8.4 per cent since the vote and despite [...]
Top Tories give backing to Theresa May until Brexit deal is agreed in parliament April 15, 2019 Top Tories lined up behind the Prime Minister today to say a leadership contest should not be triggered until a Brexit deal is passed through parliament. Foreign secretary Jeremy Hunt, who is seen as a contender for the top job along with his predecessor, Boris Johnson, said talk of a leadership contest was a “sidetrack” [...]
Britain determined to avoid no-deal Brexit, Jeremy Hunt tells Japanese Prime Minister April 15, 2019 Jeremy Hunt reassured Japanese Prime Minister Shinzo Abe today that the government is determined to avoid crashing out of the European Union without a withdrawal deal. Read more: Jeremy Hunt warns Brexit paralysis could keep Britain in EU On a visit to the Japanese leader’s residence in Tokyo, the foreign secretary said: “We recognise that [...]
There’s only one use for the Brexit extension: a General Election April 15, 2019 French President Emmanuel Macron did not cover himself in glory at the latest European Council summit. But he was right to keep asking the same question: what is the Article 50 extension for? There are various ways in which the UK can use the extension: keep trying to get an agreement (any agreement) through parliament; [...]
Brexit impasse sends UK business confidence plummeting, new surveys show April 15, 2019 The political crisis surrounding Brexit has sapped confidence from some of the UK's biggest and smallest companies alike, as crunch talks between Labour and the Conservatives reach a “delicate stage” this week. Read more: MPs could be forced to choose a Brexit option if talks with Labour fail More than eight in 10 finance chiefs [...]
Happy holidays, Westminster – Now sort out this utter mess April 14, 2019 City workers may have had little sympathy for MPs complaining of their long hours and stressful jobs in recent weeks. As for the wider public, the fact that politicians have had to postpone their ski trips because of Brexit’s legislative unpredictability is unlikely to generate cries of “poor dears” in the Dog and Duck. Still, [...]
MPs could be forced to choose a Brexit option if talks with Labour fail, says May’s deputy April 14, 2019 Parliament could be forced to decide which Brexit option to go for if talks with the Labour party fall through, Theresa May's deputy has said. David Lidington, who is leading the talks with Labour on subjects such as environmental standards, workers rights and the security relationship with the EU, said the discussions were going to [...]
Houses of Parliament’s refurbishment could face years of delays April 13, 2019 The £4bn multiyear restoration project on the Houses of Parliament is running behind schedule and could be delayed for several years, the Financial Times claim. A third of MPs and hundreds of administrative staff are due to move out of during autumn so that work be completed on creating a temporary debating chamber and offices, while [...]
Cross-party Brexit talks ‘positive’, says shadow chancellor April 13, 2019 The government has held further talks with Labour as they continue to try and find a way to break the Brexit deadlock in Parliament. Shadow chancellor John McDonnell said these discussions had been "positive", but said it would take until the end of next week to see how far they had got. Read more: MPs [...]
MPs urge government to extradite Julian Assange to Sweden April 13, 2019 More than 70 MPs have written to the government asking that Julian Assange be extradited to Sweden should the country request it. Assange was arrested by British authorities on Thursday after leaving the Ecuadorian embassy that he had resided in under diplomatic protection since 2012. Read more: Hammond says parliament likely to vote again on Brexit [...]